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IBTN (InsCorp) Cyclically Adjusted PB Ratio : 1.35 (As of Nov. 28, 2024)


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What is InsCorp Cyclically Adjusted PB Ratio?

As of today (2024-11-28), InsCorp's current share price is $24.75. InsCorp's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $18.31. InsCorp's Cyclically Adjusted PB Ratio for today is 1.35.

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

IBTN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.42   Max: 1.62
Current: 1.35

During the past 12 years, InsCorp's highest Cyclically Adjusted PB Ratio was 1.62. The lowest was 1.15. And the median was 1.42.

IBTN's Cyclically Adjusted PB Ratio is ranked worse than
67.13% of 1214 companies
in the Banks industry
Industry Median: 1.03 vs IBTN: 1.35

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.

InsCorp's adjusted book value per share data of for the fiscal year that ended in Dec23 was $24.302. 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 $18.31 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


InsCorp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for InsCorp'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.

InsCorp Cyclically Adjusted PB Ratio Chart

InsCorp 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 - - 1.37 1.37 1.15

InsCorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 1.15 - - -

Competitive Comparison of InsCorp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, InsCorp'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.


InsCorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, InsCorp's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



InsCorp 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.75/18.31
=1.35

* 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.

InsCorp's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, InsCorp's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=24.302/129.4194*129.4194
=24.302

Current CPI (Dec23) = 129.4194.

InsCorp Annual Data

Book Value per Share CPI Adj_Book
201412 7.062 99.070 9.225
201512 7.764 99.792 10.069
201612 15.180 101.863 19.287
201712 13.592 104.011 16.912
201812 15.223 105.998 18.587
201912 16.686 108.420 19.918
202012 17.618 109.897 20.748
202112 19.269 117.630 21.200
202212 22.090 125.222 22.830
202312 24.302 129.419 24.302

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.


InsCorp  (OTCPK:IBTN) 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.


InsCorp Cyclically Adjusted PB Ratio Related Terms

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


InsCorp Business Description

Industry
Traded in Other Exchanges
N/A
Address
2106 Crestmoor Road, Nashville, TN, USA, 37215
InsCorp Inc along with its subsidiary is engaged in the origination and sales of mortgage loans on the secondary market. The company is a full-service financial institution that provides business and personal banking as well as mortgage lending. Its primary deposit products are demand and money market deposits and certificates of deposit, and its primary lending products are commercial loans, real estate loans, and lines of credit.

InsCorp Headlines