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Attijariwafa Bank (CAS:ATW) Cyclically Adjusted Book per Share : MAD272.78 (As of Mar. 2024)


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What is Attijariwafa Bank 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.

Attijariwafa Bank's adjusted book value per share for the three months ended in Mar. 2024 was MAD294.922. 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 MAD272.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Attijariwafa Bank's average Cyclically Adjusted Book Growth Rate was 7.20% 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 (2024-06-09), Attijariwafa Bank's current stock price is MAD511.10. Attijariwafa Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MAD272.78. Attijariwafa Bank's Cyclically Adjusted PB Ratio of today is 1.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Attijariwafa Bank was 2.07. The lowest was 1.45. And the median was 1.75.


Attijariwafa Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Attijariwafa Bank'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.

Attijariwafa Bank Cyclically Adjusted Book per Share Chart

Attijariwafa Bank 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 - - - 247.12 267.31

Attijariwafa Bank 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 254.52 260.34 265.43 267.31 272.78

Competitive Comparison of Attijariwafa Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Attijariwafa Bank'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.


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

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

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



Attijariwafa Bank 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, Attijariwafa Bank'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)
=294.922/131.7762*131.7762
=294.922

Current CPI (Mar. 2024) = 131.7762.

Attijariwafa Bank Quarterly Data

Book Value per Share CPI Adj_Book
201212 163.983 96.871 223.070
201306 165.506 98.518 221.379
201312 174.858 98.326 234.344
201406 177.089 100.560 232.063
201412 186.944 99.070 248.661
201506 188.822 100.684 247.132
201512 194.438 99.792 256.756
201603 0.000 100.470 0.000
201606 195.670 101.688 253.566
201609 0.000 101.861 0.000
201612 214.202 101.863 277.106
201703 207.027 102.862 265.221
201706 214.503 103.349 273.504
201709 222.895 104.136 282.058
201712 208.203 104.011 263.781
201803 202.140 105.290 252.990
201806 207.570 106.317 257.276
201809 214.102 106.507 264.899
201812 226.408 105.998 281.470
201903 221.960 107.251 272.717
201906 229.399 108.070 279.721
201909 236.251 108.329 287.385
201912 242.216 108.420 294.395
202003 249.559 108.902 301.979
202006 248.807 108.767 301.440
202009 251.483 109.815 301.776
202012 243.090 109.897 291.487
202103 242.879 111.754 286.393
202106 245.652 114.631 282.393
202109 253.411 115.734 288.536
202112 259.778 117.630 291.020
202203 266.153 121.301 289.137
202206 255.842 125.017 269.675
202209 264.795 125.227 278.645
202212 271.245 125.222 285.443
202303 275.144 127.348 284.712
202306 268.220 128.729 274.570
202309 278.291 129.860 282.399
202312 286.443 129.419 291.659
202403 294.922 131.776 294.922

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


Attijariwafa Bank  (CAS:ATW) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=511.10/272.78
=1.87

* 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 Attijariwafa Bank was 2.07. The lowest was 1.45. And the median was 1.75.


Be Aware

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


Attijariwafa Bank Cyclically Adjusted Book per Share Related Terms

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


Attijariwafa Bank (CAS:ATW) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2, Boulevard Moulay Youssef, PO Box No. 20000, Casablanca, MAR
Attijariwafa Bank SA is a financial and banking group. It is engaged in the provision of banking and insurance products and services. The company's banking activities include personal and professional banking, corporate banking, investment banking and international banking.

Attijariwafa Bank (CAS:ATW) Headlines

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