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Imerys (Imerys) Cyclically Adjusted PB Ratio : 0.58 (As of Apr. 28, 2024)


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What is Imerys Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Imerys's current share price is $31.05. Imerys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $53.25. Imerys's Cyclically Adjusted PB Ratio for today is 0.58.

The historical rank and industry rank for Imerys's Cyclically Adjusted PB Ratio or its related term are showing as below:

IMYSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.07   Max: 2.22
Current: 0.74

During the past years, Imerys's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 0.63. And the median was 1.07.

IMYSF's Cyclically Adjusted PB Ratio is ranked better than
66.67% of 285 companies
in the Building Materials industry
Industry Median: 1.04 vs IMYSF: 0.74

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Imerys's adjusted book value per share data for the three months ended in Dec. 2023 was $40.348. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $53.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imerys Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Imerys's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Imerys Cyclically Adjusted PB Ratio Chart

Imerys Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 1.11 1.00 0.93 0.70

Imerys Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 - 0.88 - 0.70

Competitive Comparison of Imerys's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, Imerys's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Imerys's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Imerys's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Imerys's Cyclically Adjusted PB Ratio falls into.



Imerys Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Imerys's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.05/53.25
=0.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Imerys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Imerys's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=40.348/118.2300*118.2300
=40.348

Current CPI (Dec. 2023) = 118.2300.

Imerys Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 100.240 0.000
201406 40.828 100.180 48.184
201409 0.000 99.920 0.000
201412 39.813 99.860 47.137
201503 0.000 100.170 0.000
201506 43.108 100.440 50.743
201509 0.000 99.950 0.000
201512 36.302 100.040 42.903
201603 0.000 100.020 0.000
201606 36.859 100.630 43.306
201609 0.000 100.340 0.000
201612 38.043 100.650 44.688
201703 0.000 101.170 0.000
201706 39.507 101.320 46.101
201709 0.000 101.330 0.000
201712 42.373 101.850 49.188
201803 0.000 102.750 0.000
201806 42.409 103.370 48.506
201809 0.000 103.560 0.000
201812 46.185 103.470 52.773
201903 0.000 103.890 0.000
201906 44.822 104.580 50.672
201909 0.000 104.500 0.000
201912 43.824 104.980 49.355
202003 0.000 104.590 0.000
202006 39.972 104.790 45.099
202009 0.000 104.550 0.000
202012 41.645 104.960 46.910
202103 0.000 105.750 0.000
202106 43.601 106.340 48.476
202109 0.000 106.810 0.000
202112 42.660 107.850 46.766
202203 0.000 110.490 0.000
202206 42.780 112.550 44.939
202209 0.000 112.740 0.000
202212 41.911 114.160 43.405
202303 0.000 116.790 0.000
202306 41.716 117.650 41.922
202309 0.000 118.260 0.000
202312 40.348 118.230 40.348

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Imerys  (OTCPK:IMYSF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Imerys Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Imerys's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Imerys (Imerys) Business Description

Traded in Other Exchanges
Address
43 quai de Grenelle, Paris, FRA, 75015
Imerys manufactures and sells mineral-based specialty applications for multiple industries, including construction, renovation, iron and steel, and automotive. The company is organized into two segments. The Performance Minerals segment comprise three geographic business areas - Europe, Middle East and Africa, Americas and the Asia Pacific. It mainly serves the plastics, rubber, paints & coatings, filtration, renewable energy and paper & board markets. The High-Temperature Materials & Solutions segment regroups two business areas High Temperature Solutions, and Refractory, Abrasives & Construction serving the iron and steel, thermal, refractory, foundry, abrasives and building & infrastructure markets.

Imerys (Imerys) Headlines