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BNK Financial Group (XKRX:138930) Cyclically Adjusted Book per Share : ₩27,660.70 (As of Mar. 2024)


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What is BNK 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.

BNK Financial Group's adjusted book value per share for the three months ended in Mar. 2024 was ₩32,408.664. 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 ₩27,660.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BNK Financial Group's average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% 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 BNK Financial Group was 9.20% per year. The lowest was 9.20% per year. And the median was 9.20% per year.

As of today (2024-06-06), BNK Financial Group's current stock price is ₩8150.00. BNK Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩27,660.70. BNK Financial Group's Cyclically Adjusted PB Ratio of today is 0.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BNK Financial Group was 0.40. The lowest was 0.24. And the median was 0.28.


BNK Financial Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for BNK 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.

BNK Financial Group Cyclically Adjusted Book per Share Chart

BNK 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 - 20,993.60 23,059.90 25,428.20 27,363.20

BNK 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 26,006.00 26,413.90 27,140.50 27,363.20 27,660.70

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

For the Banks - Regional subindustry, BNK 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.


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

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

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



BNK 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, BNK 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)
=32408.664/118.8477*118.8477
=32,408.664

Current CPI (Mar. 2024) = 118.8477.

BNK Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 18,262.126 99.353 21,845.457
201409 17,693.027 99.608 21,110.509
201412 19,670.147 99.098 23,590.302
201503 20,131.128 99.720 23,992.562
201506 20,904.551 100.050 24,832.162
201509 22,083.580 100.110 26,216.988
201512 23,000.219 100.220 27,275.226
201603 19,870.804 100.560 23,484.480
201606 20,375.082 100.790 24,025.515
201609 20,761.302 101.460 24,319.269
201612 20,810.685 101.560 24,353.112
201703 21,096.822 102.850 24,378.306
201706 21,599.029 102.610 25,017.005
201709 22,043.077 103.490 25,314.224
201712 21,654.273 102.990 24,988.451
201803 22,503.147 104.100 25,691.136
201806 22,993.440 104.130 26,243.325
201809 23,549.653 105.650 26,491.454
201812 23,401.381 104.350 26,652.614
201903 23,912.600 104.490 27,198.368
201906 24,462.389 104.880 27,720.239
201909 25,321.605 105.200 28,606.602
201912 25,416.400 105.120 28,735.547
202003 26,013.769 105.540 29,293.885
202006 26,531.264 104.870 30,067.509
202009 26,771.392 106.200 29,959.683
202012 26,904.945 105.765 30,232.863
202103 27,115.121 107.357 30,017.267
202106 27,890.592 107.579 30,812.194
202109 28,681.492 108.759 31,341.986
202112 28,744.777 109.676 31,148.457
202203 28,889.600 111.806 30,709.163
202206 29,471.985 114.083 30,702.942
202209 30,294.091 114.831 31,353.673
202212 30,337.007 115.200 31,297.546
202303 30,108.301 116.550 30,701.970
202306 30,587.120 117.140 31,033.054
202309 31,587.628 119.111 31,517.749
202312 31,745.983 118.848 31,745.983
202403 32,408.664 118.848 32,408.664

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


BNK Financial Group  (XKRX:138930) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8150.00/27660.7
=0.29

* 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 BNK Financial Group was 0.40. The lowest was 0.24. And the median was 0.28.


Be Aware

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


BNK Financial Group Cyclically Adjusted Book per Share Related Terms

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


BNK Financial Group (XKRX:138930) Business Description

Traded in Other Exchanges
N/A
Address
30, Munhyeongeumyung-ro, Nam-gu, Busan, KOR
BNK Financial Group Inc is a Korea-based company engaged in providing various financial products and services. It offers Internet banking services covering deposits, inquiry, and transfers; financial products; Internet-based products; apartment-application deposits; fund products; variable annuities; and asset management services. It also provides investment brokerage, credit finance, and mutual savings banking services. In addition, it also provides credit check, and certificate issuing services, as well as financial IT service.

BNK Financial Group (XKRX:138930) Headlines

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