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Immersion (FRA:IMV) Cyclically Adjusted PB Ratio : 1.50 (As of Apr. 25, 2025)


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What is Immersion Cyclically Adjusted PB Ratio?

As of today (2025-04-25), Immersion's current share price is €6.10. Immersion's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was €4.07. Immersion's Cyclically Adjusted PB Ratio for today is 1.50.

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

FRA:IMV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 2.87   Max: 6.68
Current: 1.7

During the past years, Immersion's highest Cyclically Adjusted PB Ratio was 6.68. The lowest was 1.54. And the median was 2.87.

FRA:IMV's Cyclically Adjusted PB Ratio is ranked better than
63.11% of 1388 companies
in the Software industry
Industry Median: 2.57 vs FRA:IMV: 1.70

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.

Immersion's adjusted book value per share data for the three months ended in Jan. 2025 was €9.517. 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 €4.07 for the trailing ten years ended in Jan. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Immersion Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Immersion'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.

Immersion Cyclically Adjusted PB Ratio Chart

Immersion 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 3.01 4.54 2.03 2.18 1.96

Immersion Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Oct24 Jan25
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 1.96 2.01 2.45 2.10 2.00

Competitive Comparison of Immersion's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Immersion'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.


Immersion's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Immersion's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Immersion 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.10/4.07
=1.50

* 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.

Immersion's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 is calculated as:

For example, Immersion's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book=Book Value per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=9.517/134.0288*134.0288
=9.517

Current CPI (Jan. 2025) = 134.0288.

Immersion Quarterly Data

Book Value per Share CPI Adj_Book
201503 2.591 99.621 3.486
201506 2.595 100.684 3.454
201509 2.659 100.392 3.550
201512 2.807 99.792 3.770
201603 2.743 100.470 3.659
201606 2.584 101.688 3.406
201609 2.835 101.861 3.730
201612 1.814 101.863 2.387
201703 1.205 102.862 1.570
201706 0.729 103.349 0.945
201709 0.570 104.136 0.734
201712 0.279 104.011 0.360
201803 2.812 105.290 3.580
201806 2.837 106.317 3.576
201809 2.793 106.507 3.515
201812 2.842 105.998 3.594
201903 2.551 107.251 3.188
201906 2.340 108.070 2.902
201909 2.411 108.329 2.983
201912 2.400 108.420 2.967
202003 2.071 108.902 2.549
202006 1.644 108.767 2.026
202009 1.704 109.815 2.080
202012 1.947 109.897 2.375
202103 2.865 111.754 3.436
202106 2.981 114.631 3.485
202109 3.366 115.734 3.898
202112 3.636 117.630 4.143
202203 3.877 121.301 4.284
202206 3.949 125.017 4.234
202209 4.440 125.227 4.752
202212 4.617 125.222 4.942
202303 4.748 127.348 4.997
202306 4.865 128.729 5.065
202309 4.991 129.860 5.151
202312 5.325 129.419 5.515
202403 5.832 131.776 5.932
202406 6.693 132.554 6.767
202410 8.842 133.182 8.898
202501 9.517 134.029 9.517

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.


Immersion  (FRA:IMV) 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.


Immersion Cyclically Adjusted PB Ratio Related Terms

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


Immersion Business Description

Industry
Traded in Other Exchanges
Address
2999 N.E. 191st Street, Suite 610, Aventura, FL, USA, 33180
Immersion Corp is focused on the creation, design, development, and licensing of haptic technologies that allow people to use its sense of touch more fully as it involves engaging with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Japan, followed by Korea, Germany, United States of America and other countries.

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