GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credit Agricole SA (OTCPK:CRARY) » Definitions » Cyclically Adjusted Book per Share

Credit Agricole (Credit Agricole) Cyclically Adjusted Book per Share : $13.59 (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Credit Agricole 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.

Credit Agricole's adjusted book value per share for the three months ended in Mar. 2024 was $13.005. 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 $13.59 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Credit Agricole was 8.00% per year. The lowest was 0.90% per year. And the median was 3.90% per year.

As of today (2024-05-26), Credit Agricole's current stock price is $8.14. Credit Agricole's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $13.59. Credit Agricole's Cyclically Adjusted PB Ratio of today is 0.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Credit Agricole was 0.77. The lowest was 0.30. And the median was 0.53.


Credit Agricole Cyclically Adjusted Book per Share Historical Data

The historical data trend for Credit Agricole'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.

Credit Agricole Cyclically Adjusted Book per Share Chart

Credit Agricole 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 11.15 12.00 11.91 12.29 13.73

Credit Agricole 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 - 13.06 13.02 13.73 13.59

Competitive Comparison of Credit Agricole's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Credit Agricole'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.


Credit Agricole's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Credit Agricole 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, Credit Agricole'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)
=13.005/119.4700*119.4700
=13.005

Current CPI (Mar. 2024) = 119.4700.

Credit Agricole Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.954 100.180 14.256
201409 11.871 99.920 14.194
201412 11.568 99.860 13.840
201503 10.591 100.170 12.632
201506 10.586 100.440 12.592
201509 10.751 99.950 12.851
201512 10.710 100.040 12.790
201603 11.277 100.020 13.470
201606 10.873 100.630 12.909
201609 11.900 100.340 14.169
201612 10.410 100.650 12.357
201703 10.579 101.170 12.493
201706 10.914 101.320 12.869
201709 11.702 101.330 13.797
201712 11.447 101.850 13.427
201803 11.943 102.750 13.886
201806 11.717 103.370 13.542
201809 11.817 103.560 13.632
201812 11.689 103.470 13.497
201903 12.192 103.890 14.020
201906 12.076 104.580 13.795
201909 11.900 104.500 13.605
201912 12.119 104.980 13.792
202003 12.002 104.590 13.710
202006 12.480 104.790 14.228
202009 13.201 104.550 15.085
202012 13.606 104.960 15.487
202103 24.658 105.750 27.857
202106 12.898 106.340 14.491
202109 12.870 106.810 14.395
202112 12.740 107.850 14.113
202203 12.329 110.490 13.331
202206 11.263 112.550 11.955
202209 20.620 112.740 21.851
202212 11.653 114.160 12.195
202303 0.000 116.790 0.000
202306 12.157 117.650 12.345
202309 23.292 118.260 23.530
202312 12.796 118.390 12.913
202403 13.005 119.470 13.005

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


Credit Agricole  (OTCPK:CRARY) 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.

Credit Agricole's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.14/13.59
=0.60

* 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 Credit Agricole was 0.77. The lowest was 0.30. And the median was 0.53.


Be Aware

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


Credit Agricole Cyclically Adjusted Book per Share Related Terms

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


Credit Agricole (Credit Agricole) Business Description

Industry
Address
12 Place des Etats-Unis, Montrouge Cedex, Paris, FRA, 92127
Credit Agricole S.A. is majority-owned by a group of 39 mutually owned, regional French banks, and together, they form the Credit Agricole Group, the largest cooperative bank globally. Credit Agricole S.A. houses all of Credit Agricole Group's activities, excluding the core French retail and commercial banking operations and including corporate and investment banking, its insurance operations, its international operations, notably in Italy, LCL, a separately branded French retail bank, and Credit Agricole S.A.'s majority interest in individually listed asset manager Amundi. Credit Agricole S.A. also acts as the central bank for the group.

Credit Agricole (Credit Agricole) Headlines

From GuruFocus