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Skue Sparebank (OSL:SKUE) Cyclically Adjusted Book per Share : kr743.09 (As of Mar. 2024)


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What is Skue Sparebank 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.

Skue Sparebank's adjusted book value per share for the three months ended in Mar. 2024 was kr1,088.527. 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 kr743.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Skue Sparebank's average Cyclically Adjusted Book Growth Rate was 15.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.30% 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 Skue Sparebank was 19.90% per year. The lowest was 15.10% per year. And the median was 18.90% per year.

As of today (2024-05-26), Skue Sparebank's current stock price is kr235.95. Skue Sparebank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr743.09. Skue Sparebank's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Skue Sparebank was 0.52. The lowest was 0.31. And the median was 0.40.


Skue Sparebank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Skue Sparebank'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.

Skue Sparebank Cyclically Adjusted Book per Share Chart

Skue Sparebank 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 365.57 419.89 512.46 614.81 723.07

Skue Sparebank 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 644.62 679.58 695.74 723.07 743.09

Competitive Comparison of Skue Sparebank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Skue Sparebank'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.


Skue Sparebank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Skue Sparebank 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, Skue Sparebank'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)
=1088.527/132.6000*132.6000
=1,088.527

Current CPI (Mar. 2024) = 132.6000.

Skue Sparebank Quarterly Data

Book Value per Share CPI Adj_Book
201406 332.539 97.500 452.253
201409 340.704 98.500 458.653
201412 374.794 98.600 504.033
201503 351.790 99.200 470.235
201506 365.457 100.100 484.112
201509 365.665 100.600 481.980
201512 413.148 100.900 542.948
201603 415.954 102.500 538.102
201606 432.098 103.800 551.986
201609 458.762 104.200 583.799
201612 476.470 104.400 605.172
201703 470.702 105.000 594.429
201706 487.222 105.800 610.639
201709 497.117 105.900 622.452
201712 503.183 106.100 628.860
201803 504.960 107.300 624.023
201806 523.435 108.500 639.700
201809 531.621 109.500 643.771
201812 551.423 109.800 665.926
201903 552.170 110.400 663.204
201906 562.250 110.600 674.090
201909 575.341 111.100 686.681
201912 592.147 111.300 705.469
202003 596.603 111.200 711.417
202006 596.396 112.100 705.460
202009 757.570 112.900 889.759
202012 781.520 112.900 917.888
202103 789.520 114.600 913.528
202106 826.044 115.300 949.986
202109 839.690 117.500 947.599
202112 857.724 118.900 956.553
202203 903.665 119.800 1,000.217
202206 915.555 122.600 990.233
202209 940.756 125.600 993.187
202212 978.411 125.900 1,030.479
202303 984.221 127.600 1,022.788
202306 1,012.441 130.400 1,029.522
202309 1,035.004 129.800 1,057.331
202312 1,080.826 131.900 1,086.562
202403 1,088.527 132.600 1,088.527

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


Skue Sparebank  (OSL:SKUE) 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.

Skue Sparebank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=235.95/743.09
=0.32

* 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 Skue Sparebank was 0.52. The lowest was 0.31. And the median was 0.40.


Be Aware

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


Skue Sparebank Cyclically Adjusted Book per Share Related Terms

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


Skue Sparebank (OSL:SKUE) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jordeshagen 5, Nesbyen, NOR, 3540
Skue Sparebank is a savings bank offering a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

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