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Asia United Bank (PHS:AUB) Cyclically Adjusted Book per Share : ₱50.13 (As of Mar. 2024)


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What is Asia United 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.

Asia United Bank's adjusted book value per share for the three months ended in Mar. 2024 was ₱69.330. 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 ₱50.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Asia United Bank's average Cyclically Adjusted Book Growth Rate was -9.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -17.00% 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 Asia United Bank was -17.00% per year. The lowest was -17.00% per year. And the median was -17.00% per year.

As of today (2024-06-10), Asia United Bank's current stock price is ₱40.50. Asia United Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱50.13. Asia United Bank's Cyclically Adjusted PB Ratio of today is 0.81.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Asia United Bank was 0.86. The lowest was 0.33. And the median was 0.41.


Asia United Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Asia United 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.

Asia United Bank Cyclically Adjusted Book per Share Chart

Asia United 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 - 84.64 75.19 59.90 48.35

Asia United 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 55.29 46.50 47.65 48.35 50.13

Competitive Comparison of Asia United Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Asia United 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.


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

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

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



Asia United 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, Asia United 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)
=69.33/131.7762*131.7762
=69.330

Current CPI (Mar. 2024) = 131.7762.

Asia United Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 27.130 100.560 35.552
201409 27.648 100.428 36.278
201412 27.548 99.070 36.643
201503 28.298 99.621 37.432
201506 28.529 100.684 37.339
201509 27.005 100.392 35.447
201512 27.103 99.792 35.790
201603 29.604 100.470 38.828
201606 31.076 101.688 40.271
201609 31.602 101.861 40.883
201612 32.428 101.863 41.951
201703 33.434 102.862 42.832
201706 34.433 103.349 43.904
201709 36.430 104.136 46.100
201712 36.616 104.011 46.390
201803 37.677 105.290 47.155
201806 36.704 106.317 45.493
201809 37.774 106.507 46.736
201812 39.935 105.998 49.647
201903 42.688 107.251 52.450
201906 43.200 108.070 52.677
201909 44.857 108.329 54.566
201912 45.353 108.420 55.123
202003 46.355 108.902 56.092
202006 47.096 108.767 57.059
202009 48.928 109.815 58.713
202012 48.196 109.897 57.791
202103 48.447 111.754 57.127
202106 49.527 114.631 56.934
202109 50.638 115.734 57.657
202112 52.005 117.630 58.259
202203 52.354 121.301 56.875
202206 51.477 125.017 54.260
202209 51.976 125.227 54.694
202212 54.563 125.222 57.419
202303 58.863 127.348 60.910
202306 59.901 128.729 61.319
202309 62.188 129.860 63.106
202312 66.882 129.419 68.100
202403 69.330 131.776 69.330

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


Asia United Bank  (PHS:AUB) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.50/50.13
=0.81

* 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 Asia United Bank was 0.86. The lowest was 0.33. And the median was 0.41.


Be Aware

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


Asia United Bank Cyclically Adjusted Book per Share Related Terms

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


Asia United Bank (PHS:AUB) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 17 ADB Avenue, Joy-Nostalg Center, Ortigas Center, Pasig City, PHL, 1600
Asia United Bank Corp is a banking service provider in the Philippines. It offers banking and financial products to corporate and individual customers. It functions through five divisions. Commercial Banking provides lending, trade, and cash management services to corporate and institutional customers. The Consumer Banking segment offers banking services to retail customers. The Treasury segment functions include managing the group's reserve and liquidity position and maintaining its balance sheet by investing in sovereign and corporate debt instruments. The Branch Banking segment, which is the key revenue driver, offers retail deposit products. The Others segment includes the group's income from trust activities, remittances, investment banking, and gains on foreclosed properties.