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As of today (2024-04-28), Invesco Mortgage Capital's current share price is $8.56. Invesco Mortgage Capital's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $144.80. Invesco Mortgage Capital's Cyclically Adjusted PB Ratio for today is 0.06.
The historical rank and industry rank for Invesco Mortgage Capital's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Invesco Mortgage Capital's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.04. And the median was 0.16.
IVR's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Invesco Mortgage Capital's adjusted book value per share data for the three months ended in Dec. 2023 was $10.198. 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 $144.80 for the trailing ten years ended in Dec. 2023.
The historical data trend for Invesco Mortgage Capital'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.
Invesco Mortgage Capital 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 | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 |
For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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.
For the REITs industry and Real Estate sector, Invesco Mortgage Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Invesco Mortgage Capital's Cyclically Adjusted PB Ratio falls into.
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.
Invesco Mortgage Capital's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 8.56 | / | 144.8 | |
= | 0.06 |
* 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.
Invesco Mortgage Capital's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Invesco Mortgage Capital'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) |
= | 10.198 | / | 129.4194 | * | 129.4194 | |
= | 10.198 |
Current CPI (Dec. 2023) = 129.4194.
Invesco Mortgage Capital Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201403 | 185.560 | 99.695 | 240.887 |
201406 | 198.265 | 100.560 | 255.166 |
201409 | 192.218 | 100.428 | 247.708 |
201412 | 188.864 | 99.070 | 246.722 |
201503 | 194.345 | 99.621 | 252.477 |
201506 | 186.868 | 100.684 | 240.201 |
201509 | 177.246 | 100.392 | 228.496 |
201512 | 172.138 | 99.792 | 223.243 |
201603 | 166.022 | 100.470 | 213.859 |
201606 | 171.568 | 101.688 | 218.356 |
201609 | 181.537 | 101.861 | 230.652 |
201612 | 175.307 | 101.863 | 222.732 |
201703 | 180.021 | 102.862 | 226.499 |
201706 | 183.239 | 103.349 | 229.462 |
201709 | 185.070 | 104.136 | 230.004 |
201712 | 185.190 | 104.011 | 230.429 |
201803 | 173.271 | 105.290 | 212.981 |
201806 | 172.321 | 106.317 | 209.766 |
201809 | 169.980 | 106.507 | 206.548 |
201812 | 154.445 | 105.998 | 188.571 |
201903 | 164.375 | 107.251 | 198.352 |
201906 | 163.576 | 108.070 | 195.892 |
201909 | 164.403 | 108.329 | 196.410 |
201912 | 164.192 | 108.420 | 195.993 |
202003 | 51.347 | 108.902 | 61.021 |
202006 | 32.784 | 108.767 | 39.009 |
202009 | 35.717 | 109.815 | 42.093 |
202012 | 39.554 | 109.897 | 46.581 |
202103 | 37.281 | 111.754 | 43.174 |
202106 | 32.636 | 114.631 | 36.846 |
202109 | 32.989 | 115.734 | 36.890 |
202112 | 29.531 | 117.630 | 32.491 |
202203 | 21.217 | 121.301 | 22.637 |
202206 | 16.580 | 125.017 | 17.164 |
202209 | 13.083 | 125.227 | 13.521 |
202212 | 13.055 | 125.222 | 13.493 |
202303 | 12.856 | 127.348 | 13.065 |
202306 | 12.206 | 128.729 | 12.271 |
202309 | 10.139 | 129.860 | 10.105 |
202312 | 10.198 | 129.419 | 10.198 |
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.
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.
Thank you for viewing the detailed overview of Invesco Mortgage Capital's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Carolyn L Gibbs | director | 1331 SPRING ST. NW, SUITE 2500, ATLANTA GA 30309 |
Katharine Kelley | director | 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309 |
Lientz James R Jr | director | GEORGIA POSER CO BIN 10240, 241 RALPH MCGILL BLVD, ATLANTA GA 30308 |
John Anzalone | officer: Chief Investment Officer | INVESCO LTD., 1555 PEACHTREE STREET NE, ATLANTA GA 30309 |
Kevin M Collins | officer: Executive Vice President | 1555 PEACHTREE STREET NE, SUITE 1800, ATLANTA GA 30309 |
Phegley Richard Lee Jr. | officer: Chief Financial Officer | 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309 |
Don H Liu | director | 1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403 |
Beth Zayicek | director | 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309 |
David B Lyle | officer: Executive Vice President | 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309 |
John Day | director | 1520 OLD TROLLEY ROAD, SUMMERVILLE SC 29485 |
Dennis P Lockhart | director | 100 GOLF ROAD, GOLF IL 60029 |
Brian Norris | officer: Interim CIO | 1555 PEACHTREE STREET, NE, SUITE 1800, ATLANTA GA 30309 |
Edward J Hardin | director | 5430 LBJ FREEWAY, SUIT 1700, DALLAS TX 75240 |
Mario Clemente | other: Officer of Manager | 1555 PEACHTREE STREET, NE, SUITE 1800, ATLANTA GA 30309 |
Loren M Starr | director |
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