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PT Bank Neo Commerce Tbk (ISX:BBYB) Cyclically Adjusted Book per Share : Rp196.67 (As of Mar. 2024)


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What is PT Bank Neo Commerce Tbk 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.

PT Bank Neo Commerce Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp300.872. 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 Rp196.67 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 (2024-06-04), PT Bank Neo Commerce Tbk's current stock price is Rp264.00. PT Bank Neo Commerce Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp196.67. PT Bank Neo Commerce Tbk's Cyclically Adjusted PB Ratio of today is 1.34.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of PT Bank Neo Commerce Tbk was 2.64. The lowest was 1.22. And the median was 1.64.


PT Bank Neo Commerce Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Bank Neo Commerce Tbk'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.

PT Bank Neo Commerce Tbk Cyclically Adjusted Book per Share Chart

PT Bank Neo Commerce Tbk 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 - - - - 191.98

PT Bank Neo Commerce Tbk 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 - 181.67 185.99 191.98 196.67

Competitive Comparison of PT Bank Neo Commerce Tbk's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PT Bank Neo Commerce Tbk'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.


PT Bank Neo Commerce Tbk's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where PT Bank Neo Commerce Tbk's Cyclically Adjusted PB Ratio falls into.



PT Bank Neo Commerce Tbk 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, PT Bank Neo Commerce Tbk'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)
=300.872/130.6070*130.6070
=300.872

Current CPI (Mar. 2024) = 130.6070.

PT Bank Neo Commerce Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 93.015 0.000
201409 0.000 94.576 0.000
201412 92.550 98.819 122.321
201503 103.263 98.388 137.079
201506 103.106 99.766 134.979
201509 107.497 101.037 138.958
201512 123.071 102.133 157.383
201603 128.150 102.764 162.871
201606 210.285 103.212 266.099
201609 219.477 104.142 275.250
201612 138.319 105.222 171.689
201703 144.438 106.476 177.173
201706 134.576 107.722 163.167
201709 138.201 108.020 167.098
201712 129.995 109.017 155.740
201803 134.949 110.097 160.089
201806 137.122 111.085 161.220
201809 136.695 111.135 160.646
201812 104.454 112.430 121.342
201903 122.899 112.829 142.264
201906 126.029 114.730 143.469
201909 0.000 114.905 0.000
201912 138.664 115.486 156.820
202003 140.874 116.252 158.269
202006 142.557 116.630 159.641
202009 150.208 116.397 168.546
202012 151.965 117.318 169.178
202103 143.983 117.840 159.583
202106 172.883 118.184 191.056
202109 155.056 118.262 171.242
202112 286.397 119.516 312.974
202203 244.219 120.948 263.722
202206 212.409 123.322 224.956
202209 223.291 125.298 232.751
202212 311.043 126.098 322.166
202303 307.857 126.953 316.719
202306 290.625 127.663 297.327
202309 268.335 128.151 273.477
202312 276.027 129.395 278.613
202403 300.872 130.607 300.872

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


PT Bank Neo Commerce Tbk  (ISX:BBYB) 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.

PT Bank Neo Commerce Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=264.00/196.67
=1.34

* 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 12 years, the highest Cyclically Adjusted PB Ratio of PT Bank Neo Commerce Tbk was 2.64. The lowest was 1.22. And the median was 1.64.


Be Aware

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


PT Bank Neo Commerce Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Bank Neo Commerce Tbk (ISX:BBYB) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Treasury Tower Building, Lantai 60, LOT. 28, Kawasan District 8, Jl. Jend Sudirman Kav. 52-53, Senayan, Kebayoran Baru, Jakarta, IDN, 12190
PT Bank Neo Commerce Tbk operates as a commercial bank. The company's products and services include current accounts, savings accounts, time deposits, and deposit on-call products and loans, such as pension, channeling, multi-purpose, vehicle, mortgage, personal, working capital, and investment loans. It offers various commercial banking products and services to individuals, corporates, and medium-sized businesses in Indonesia.

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