Nedbank Group (JSE:NED) 3-Year Book Growth Rate : 8.30% (As of Dec. 2023)

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What is Nedbank Group 3-Year Book Growth Rate?

Nedbank Group's Book Value per Share for the quarter that ended in Dec. 2023 was R254.47.

During the past 12 months, Nedbank Group's average Book Value per Share Growth Rate was 7.60% per year. During the past 3 years, the average Book Value per Share Growth Rate was 8.30% per year. During the past 5 years, the average Book Value per Share Growth Rate was 6.90% per year. During the past 10 years, the average Book Value per Share Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Nedbank Group was 18.00% per year. The lowest was -8.80% per year. And the median was 8.70% per year.

Competitive Comparison of Nedbank Group's 3-Year Book Growth Rate

For the Banks - Regional subindustry, Nedbank Group's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Nedbank Group's 3-Year Book Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Nedbank Group's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Nedbank Group's 3-Year Book Growth Rate falls into.

Nedbank Group 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Nedbank Group (JSE:NED) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Nedbank Group 3-Year Book Growth Rate Related Terms

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Nedbank Group (JSE:NED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (JSE:NED) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

NDBKY:USA NDBKF:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.

Nedbank Group (JSE:NED) Headlines

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