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Allam Bank BSC (BAH:SALAM) Cyclically Adjusted Book per Share : BHD0.14 (As of Mar. 2024)


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What is Allam Bank BSC Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Allam Bank BSC's adjusted book value per share for the three months ended in Mar. 2024 was BHD0.145. 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 BHD0.14 for the trailing ten years ended in Mar. 2024.

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 Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-06-10), Allam Bank BSC's current stock price is BHD0.239. Allam Bank BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was BHD0.14. Allam Bank BSC's Cyclically Adjusted PB Ratio of today is 1.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Allam Bank BSC was 1.69. The lowest was 0.54. And the median was 0.69.


Allam Bank BSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Allam Bank BSC's Cyclically Adjusted Book per Share 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.

Allam Bank BSC Cyclically Adjusted Book per Share Chart

Allam Bank BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.13 0.14 0.14

Allam Bank BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 0.14 0.14 0.14 0.14 0.14

Competitive Comparison of Allam Bank BSC's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Allam Bank BSC'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.


Allam Bank BSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Allam Bank BSC Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Allam Bank BSC's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.145/131.7762*131.7762
=0.145

Current CPI (Mar. 2024) = 131.7762.

Allam Bank BSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.163 100.560 0.214
201409 0.115 100.428 0.151
201412 0.116 99.070 0.154
201503 0.114 99.621 0.151
201506 0.115 100.684 0.151
201509 0.116 100.392 0.152
201512 0.116 99.792 0.153
201603 0.114 100.470 0.150
201606 0.115 101.688 0.149
201609 0.118 101.861 0.153
201612 0.144 101.863 0.186
201703 0.116 102.862 0.149
201706 0.118 103.349 0.150
201709 0.119 104.136 0.151
201712 0.111 104.011 0.141
201803 0.108 105.290 0.135
201806 0.109 106.317 0.135
201809 0.112 106.507 0.139
201812 0.113 105.998 0.140
201903 0.112 107.251 0.138
201906 0.114 108.070 0.139
201909 0.118 108.329 0.144
201912 0.120 108.420 0.146
202003 0.000 108.902 0.000
202006 0.109 108.767 0.132
202009 0.110 109.815 0.132
202012 0.106 109.897 0.127
202103 0.108 111.754 0.127
202106 0.111 114.631 0.128
202109 0.112 115.734 0.128
202112 0.115 117.630 0.129
202203 0.112 121.301 0.122
202206 0.111 125.017 0.117
202209 0.113 125.227 0.119
202212 0.117 125.222 0.123
202303 0.120 127.348 0.124
202306 0.122 128.729 0.125
202309 0.127 129.860 0.129
202312 0.131 129.419 0.133
202403 0.145 131.776 0.145

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Allam Bank BSC  (BAH:SALAM) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Allam Bank BSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.239/0.14
=1.71

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Allam Bank BSC was 1.69. The lowest was 0.54. And the median was 0.69.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Allam Bank BSC Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Allam Bank BSC's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Allam Bank BSC (BAH:SALAM) Business Description

Industry
Traded in Other Exchanges
Address
Burj Al Khair 3, P.O.Box 18282, Manama, BHR
Al Salam Bank BSC is a banking corporation operating in Bahrain. It provides various Islamic banking products and services in the Kingdom of Bahrain. The company offers money market, trading, and treasury services, including short-term commodities, managing portfolios, and serving clients with a range of investment products, funds, and alternative investments. Besides, it also manages the un-deployed capital of the company by investing it in high-quality financial instruments. The company's reportable segments namely Banking, Treasury, Takaful and Investments. It generates maximum revenue from the Banking segment.

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