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Pacific Financial (Pacific Financial) Cyclically Adjusted Book per Share : $10.59 (As of Mar. 2024)


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What is Pacific Financial 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.

Pacific Financial's adjusted book value per share for the three months ended in Mar. 2024 was $11.100. 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 $10.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pacific Financial's average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Pacific Financial was 8.60% per year. The lowest was 2.00% per year. And the median was 2.80% per year.

As of today (2024-06-06), Pacific Financial's current stock price is $9.65. Pacific Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $10.59. Pacific Financial's Cyclically Adjusted PB Ratio of today is 0.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pacific Financial was 1.68. The lowest was 0.76. And the median was 1.06.


Pacific Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pacific Financial'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.

Pacific Financial Cyclically Adjusted Book per Share Chart

Pacific Financial 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 7.73 8.06 8.96 9.76 10.33

Pacific Financial 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 9.99 10.16 10.30 10.33 10.59

Competitive Comparison of Pacific Financial's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Pacific Financial'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.


Pacific Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Pacific Financial 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, Pacific Financial'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)
=11.1/131.7762*131.7762
=11.100

Current CPI (Mar. 2024) = 131.7762.

Pacific Financial Quarterly Data

Book Value per Share CPI Adj_Book
201203 6.351 96.783 8.647
201206 6.467 96.819 8.802
201209 6.621 97.633 8.936
201212 6.592 96.871 8.967
201303 6.653 98.209 8.927
201306 6.604 98.518 8.833
201309 6.751 98.790 9.005
201312 6.594 98.326 8.837
201403 6.737 99.695 8.905
201406 6.957 100.560 9.117
201409 7.066 100.428 9.272
201412 6.989 99.070 9.296
201503 7.142 99.621 9.447
201512 7.339 99.792 9.691
201612 7.675 101.863 9.929
201712 8.104 104.011 10.267
201806 0.000 106.317 0.000
201809 0.000 106.507 0.000
201812 8.751 105.998 10.879
201903 0.000 107.251 0.000
201906 9.555 108.070 11.651
201909 9.754 108.329 11.865
201912 9.903 108.420 12.036
202003 10.045 108.902 12.155
202006 10.313 108.767 12.495
202009 10.642 109.815 12.770
202012 10.943 109.897 13.122
202103 11.027 111.754 13.003
202106 11.316 114.631 13.008
202109 11.313 115.734 12.881
202112 11.324 117.630 12.686
202203 10.439 121.301 11.340
202206 9.887 125.017 10.422
202209 9.454 125.227 9.948
202212 9.906 125.222 10.425
202303 10.448 127.348 10.811
202306 10.440 128.729 10.687
202309 10.223 129.860 10.374
202312 11.040 129.419 11.241
202403 11.100 131.776 11.100

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


Pacific Financial  (OTCPK:PFLC) 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.

Pacific Financial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.65/10.59
=0.91

* 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 Pacific Financial was 1.68. The lowest was 0.76. And the median was 1.06.


Be Aware

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


Pacific Financial Cyclically Adjusted Book per Share Related Terms

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


Pacific Financial (Pacific Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1216 Skyview Drive, Aberdeen, WA, USA, 98520
Pacific Financial Corp is active in the financial services domain as a bank holding company of the Bank of the Pacific, based in the United States. Its business also includes loan production and real estate mortgage provision. Its commercial banking division caters through services such as business checking, business savings and certificates of deposits, business loans, treasury management and commercial real estate loans, while its personal banking services comprise of checking solutions, savings solutions, consumer loans and lines of credit.
Executives
Kristi Gundersen director PO BOX 1826, ABERDEEN WA 98520
Daniel J. Tupper director PO BOX 1826, ABERDEEN WA 98520
Loretta B Reece director PO BOX 1826, ABERDEEN WA 98520
Douglas N Biddle officer: CFO 1101 S. BOONE STREET, ABERDEEN WA 98520-5244
Randy Rust director 300 E MARKET STREET, ABERDEEN WA 98520-5244
Dwayne Carter director 1101 S BOONE STREET, ABERDEEN WA 98520
Denise Portmann officer: VP & CASHIER
Douglas M Schermer director
Dennis A Long director, officer: President
Randy W Rognlin director
Edward Ketel director
Philippe S Swaab officer: Vice President 1101 S BOONE STREET, ABERDEEN WA 98520
Duane E Hagstrom director
Dijk John Van officer: Secretary
Susan C Freese director