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ICE (Intercontinental Exchange) Cyclically Adjusted PB Ratio : 4.53 (As of Jul. 07, 2025)


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What is Intercontinental Exchange Cyclically Adjusted PB Ratio?

As of today (2025-07-07), Intercontinental Exchange's current share price is $183.09. Intercontinental Exchange's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $40.38. Intercontinental Exchange's Cyclically Adjusted PB Ratio for today is 4.53.

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

ICE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.8   Med: 4.37   Max: 5.37
Current: 4.53

During the past years, Intercontinental Exchange's highest Cyclically Adjusted PB Ratio was 5.37. The lowest was 2.80. And the median was 4.37.

ICE's Cyclically Adjusted PB Ratio is ranked worse than
82.1% of 637 companies
in the Capital Markets industry
Industry Median: 1.31 vs ICE: 4.53

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.

Intercontinental Exchange's adjusted book value per share data for the three months ended in Mar. 2025 was $48.735. 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 $40.38 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intercontinental Exchange Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intercontinental Exchange'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.

Intercontinental Exchange Cyclically Adjusted PB Ratio Chart

Intercontinental Exchange Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.87 4.85 3.12 3.51 3.78

Intercontinental Exchange Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.65 3.58 4.13 3.78 4.27

Competitive Comparison of Intercontinental Exchange's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange'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.


Intercontinental Exchange's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Intercontinental Exchange 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.

Intercontinental Exchange's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=183.09/40.38
=4.53

* 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.

Intercontinental Exchange's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=48.735/134.9266*134.9266
=48.735

Current CPI (Mar. 2025) = 134.9266.

Intercontinental Exchange Quarterly Data

Book Value per Share CPI Adj_Book
201506 22.360 100.684 29.965
201509 22.436 100.392 30.154
201512 24.887 99.792 33.649
201603 25.291 100.470 33.965
201606 25.701 101.688 34.102
201609 26.071 101.861 34.534
201612 26.415 101.863 34.989
201703 26.568 102.862 34.850
201706 26.992 103.349 35.239
201709 27.290 104.136 35.359
201712 29.086 104.011 37.731
201803 29.222 105.290 37.447
201806 29.277 106.317 37.155
201809 29.478 106.507 37.344
201812 30.230 105.998 38.480
201903 30.276 107.251 38.089
201906 30.508 108.070 38.090
201909 30.754 108.329 38.305
201912 31.146 108.420 38.761
202003 30.911 108.902 38.298
202006 31.164 108.767 38.659
202009 33.906 109.815 41.659
202012 34.756 109.897 42.672
202103 35.458 111.754 42.810
202106 37.442 114.631 44.071
202109 38.361 115.734 44.722
202112 40.480 117.630 46.432
202203 40.549 121.301 45.104
202206 40.885 125.017 44.126
202209 40.034 125.227 43.135
202212 40.619 125.222 43.767
202303 41.444 127.348 43.910
202306 42.536 128.729 44.584
202309 44.509 129.860 46.246
202312 44.881 129.419 46.791
202403 45.758 131.776 46.852
202406 46.574 132.554 47.408
202409 47.433 133.029 48.110
202412 48.151 133.157 48.791
202503 48.735 134.927 48.735

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.


Intercontinental Exchange  (NYSE:ICE) 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.


Intercontinental Exchange Cyclically Adjusted PB Ratio Related Terms

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


Intercontinental Exchange Business Description

Address
5660 New Northside Drive, Atlanta, GA, USA, 30328
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data services segment (24% of net revenue).
Executives
Martha A Tirinnanzi director INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Christopher Scott Edmonds officer: Chief Development Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Judith A Sprieser director USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Warren Gardiner officer: Chief Financial Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
James W Namkung officer: Chief Accounting Officer C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, NW, ATLANTA GA 30318
Mayur Kapani officer: Chief Technology Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Douglas Foley officer: SVP, HR & Administration INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Stuart Glen Williams officer: Chief Operating Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR., ATLANTA GA 30328
Jeffrey C Sprecher director, officer: Chief Executive Officer 2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Lynn C Martin officer: President & COO, ICE Data Serv 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30318
Andrew J Surdykowski officer: General Counsel 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Benjamin Jackson officer: President C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Sharon Bowen director 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
William Jefferson Hague director C/O ICE, 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mark Wassersug officer: Chief Operating Officer 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328