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Hana Financial Group (XKRX:086790) Cyclically Adjusted Book per Share : ₩107,218.00 (As of Mar. 2024)


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What is Hana Financial Group 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.

Hana Financial Group's adjusted book value per share for the three months ended in Mar. 2024 was ₩139,959.815. 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 ₩107,218.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hana Financial Group's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.00% 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 Hana Financial Group was 9.50% per year. The lowest was 5.90% per year. And the median was 6.90% per year.

As of today (2024-06-08), Hana Financial Group's current stock price is ₩60400.00. Hana Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩107,218.00. Hana Financial Group's Cyclically Adjusted PB Ratio of today is 0.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hana Financial Group was 0.82. The lowest was 0.27. And the median was 0.51.


Hana Financial Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hana Financial Group'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.

Hana Financial Group Cyclically Adjusted Book per Share Chart

Hana Financial Group 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 77,358.50 80,622.40 88,355.10 97,394.00 105,812.00

Hana Financial Group 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 99,809.40 101,622.00 104,708.00 105,812.00 107,218.00

Competitive Comparison of Hana Financial Group's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Hana Financial Group'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.


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

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

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



Hana Financial Group 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, Hana Financial Group'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)
=139959.815/118.8477*118.8477
=139,959.815

Current CPI (Mar. 2024) = 118.8477.

Hana Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 71,392.530 99.353 85,400.924
201409 72,872.219 99.608 86,947.792
201412 72,879.390 99.098 87,403.862
201503 74,119.482 99.720 88,336.642
201506 74,204.788 100.050 88,146.611
201509 75,131.725 100.110 89,194.213
201512 74,829.201 100.220 88,737.562
201603 75,216.853 100.560 88,895.684
201606 76,585.024 100.790 90,306.121
201609 76,955.362 101.460 90,143.581
201612 75,971.169 101.560 88,903.099
201703 76,413.253 102.850 88,298.876
201706 78,861.738 102.610 91,341.352
201709 80,299.862 103.490 92,216.194
201712 80,653.544 102.990 93,072.028
201803 82,041.853 104.100 93,664.606
201806 84,301.360 104.130 96,216.487
201809 85,930.360 105.650 96,664.701
201812 88,026.232 104.350 100,256.015
201903 88,872.196 104.490 101,083.894
201906 92,367.763 104.880 104,669.109
201909 96,632.384 105.200 109,168.599
201912 96,461.056 105.120 109,057.978
202003 96,842.772 105.540 109,053.825
202006 101,371.285 104.870 114,882.655
202009 104,820.975 106.200 117,304.442
202012 105,341.497 105.765 118,371.364
202103 106,792.083 107.357 118,222.098
202106 111,067.581 107.579 122,702.160
202109 114,805.507 108.759 125,454.862
202112 117,362.748 109.676 127,176.792
202203 117,553.431 111.806 124,957.336
202206 120,794.117 114.083 125,839.329
202209 123,664.889 114.831 127,990.257
202212 125,652.816 115.200 129,631.270
202303 128,855.592 116.550 131,396.339
202306 132,684.848 117.140 134,619.280
202309 136,742.658 119.111 136,440.153
202312 136,600.680 118.848 136,600.680
202403 139,959.815 118.848 139,959.815

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


Hana Financial Group  (XKRX:086790) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=60400.00/107218
=0.56

* 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 Hana Financial Group was 0.82. The lowest was 0.27. And the median was 0.51.


Be Aware

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


Hana Financial Group Cyclically Adjusted Book per Share Related Terms

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


Hana Financial Group (XKRX:086790) Business Description

Traded in Other Exchanges
N/A
Address
55 Eulji-ro Jung-gu, Seoul, KOR, 100-782
Hana Financial is one of Korea's four largest commercial banking groups. In commercial banking, it is a similar size to its three peers with an 11% share of loans as of 2022, but its total assets are about 20% to 25% smaller than Shinhan's and KB's owing to a smaller scale in nonbank financial businesses. This reflects Shinhan's and KB's expansion of these areas in recent years while Hana was busy integrating Korea Exchange Bank into KEB Hana Bank and replenishing its capital levels after the 2012 acquisition. The integration progressed smoothly, in our view, with Korea Exchange Bank's strength in large corporate business proving to be a good fit for the former Hana Bank's strength in retail.

Hana Financial Group (XKRX:086790) Headlines

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