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Al Baraka Bank Egypt (CAI:SAUD) Cyclically Adjusted Book per Share : E£5.88 (As of Sep. 2023)


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What is Al Baraka Bank Egypt 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.

Al Baraka Bank Egypt's adjusted book value per share for the three months ended in Sep. 2023 was E£12.467. 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 E£5.88 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Al Baraka Bank Egypt's average Cyclically Adjusted Book Growth Rate was 18.50% 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 Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-06-08), Al Baraka Bank Egypt's current stock price is E£10.70. Al Baraka Bank Egypt's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was E£5.88. Al Baraka Bank Egypt's Cyclically Adjusted PB Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Al Baraka Bank Egypt was 2.72. The lowest was 0.83. And the median was 1.45.


Al Baraka Bank Egypt Cyclically Adjusted Book per Share Historical Data

The historical data trend for Al Baraka Bank Egypt'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.

Al Baraka Bank Egypt Cyclically Adjusted Book per Share Chart

Al Baraka Bank Egypt Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.05 5.20

Al Baraka Bank Egypt Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 4.96 5.20 5.44 5.66 5.88

Competitive Comparison of Al Baraka Bank Egypt's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Al Baraka Bank Egypt'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.


Al Baraka Bank Egypt's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Al Baraka Bank Egypt's Cyclically Adjusted PB Ratio falls into.



Al Baraka Bank Egypt 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, Al Baraka Bank Egypt's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=12.467/129.8595*129.8595
=12.467

Current CPI (Sep. 2023) = 129.8595.

Al Baraka Bank Egypt Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.602 98.326 2.116
201403 1.591 99.695 2.072
201406 1.666 100.560 2.151
201409 1.922 100.428 2.485
201412 1.826 99.070 2.394
201503 1.771 99.621 2.309
201506 1.875 100.684 2.418
201509 1.969 100.392 2.547
201512 2.047 99.792 2.664
201603 2.170 100.470 2.805
201606 2.346 101.688 2.996
201609 2.529 101.861 3.224
201612 2.711 101.863 3.456
201703 0.000 102.862 0.000
201706 3.058 103.349 3.842
201709 3.359 104.136 4.189
201712 3.621 104.011 4.521
201803 3.633 105.290 4.481
201806 3.905 106.317 4.770
201809 4.202 106.507 5.123
201812 4.719 105.998 5.781
201903 4.525 107.251 5.479
201906 4.888 108.070 5.874
201909 5.339 108.329 6.400
201912 5.618 108.420 6.729
202003 5.513 108.902 6.574
202006 5.912 108.767 7.058
202009 6.724 109.815 7.951
202012 6.944 109.897 8.205
202103 7.279 111.754 8.458
202106 7.574 114.631 8.580
202109 6.915 115.734 7.759
202112 8.277 117.630 9.138
202203 8.765 121.301 9.383
202206 9.080 125.017 9.432
202209 9.720 125.227 10.080
202212 10.442 125.222 10.829
202303 10.678 127.348 10.889
202306 11.634 128.729 11.736
202309 12.467 129.860 12.467

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


Al Baraka Bank Egypt  (CAI:SAUD) 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.

Al Baraka Bank Egypt's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.70/5.88
=1.82

* 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 Al Baraka Bank Egypt was 2.72. The lowest was 0.83. And the median was 1.45.


Be Aware

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


Al Baraka Bank Egypt Cyclically Adjusted Book per Share Related Terms

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


Al Baraka Bank Egypt (CAI:SAUD) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Plot 29, Road 90, P.O. Box 84, City Center, First Sector, 5th Settlement, New Cairo, EGY
Al Baraka Bank Egypt operates as an Islamic bank. It provides banking, commercial, financial and investment services. Geographically, it derives a majority of revenue from Greater Cairo. The Bank provides direct financing to companies and institutions that enjoy high creditworthiness, and participates in the syndicated loans of economically feasible large projects that provide employment opportunities as well as contributes to the finance of small and medium enterprises. Its products and services include trade finance such as open account, payment guarantee, vostro accounts, and various investment funds scheme.

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