GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco De Chile (NYSE:BCH) » Definitions » Cyclically Adjusted PB Ratio

Banco De Chile (Banco De Chile) Cyclically Adjusted PB Ratio : 2.66 (As of May. 22, 2024)


View and export this data going back to 2002. Start your Free Trial

What is Banco De Chile Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Banco De Chile's current share price is $24.225. Banco De Chile's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.10. Banco De Chile's Cyclically Adjusted PB Ratio for today is 2.66.

The historical rank and industry rank for Banco De Chile's Cyclically Adjusted PB Ratio or its related term are showing as below:

BCH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.84   Med: 3.37   Max: 4.7
Current: 2.43

During the past years, Banco De Chile's highest Cyclically Adjusted PB Ratio was 4.70. The lowest was 1.84. And the median was 3.37.

BCH's Cyclically Adjusted PB Ratio is ranked worse than
91.36% of 1192 companies
in the Banks industry
Industry Median: 0.93 vs BCH: 2.43

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.

Banco De Chile's adjusted book value per share data for the three months ended in Mar. 2024 was $11.737. 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 $9.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco De Chile Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Banco De Chile's Cyclically Adjusted PB Ratio 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.

Banco De Chile Cyclically Adjusted PB Ratio Chart

Banco De Chile Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.85 2.40 1.94 2.16 2.35

Banco De Chile Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 1.84 1.97 2.09 2.35 2.45

Competitive Comparison of Banco De Chile's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Banco De Chile'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.


Banco De Chile's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banco De Chile's Cyclically Adjusted PB Ratio falls into.



Banco De Chile Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Banco De Chile's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.225/9.1
=2.66

* 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.

Banco De Chile's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Banco De Chile'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)
=11.737/146.1089*146.1089
=11.737

Current CPI (Mar. 2024) = 146.1089.

Banco De Chile Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.274 95.543 12.653
201409 7.634 96.883 11.513
201412 9.028 97.515 13.527
201503 7.598 98.539 11.266
201506 7.746 99.770 11.344
201509 7.180 101.383 10.348
201512 8.514 101.775 12.223
201603 7.756 102.930 11.010
201606 8.002 103.965 11.246
201609 8.265 104.521 11.554
201612 9.464 104.532 13.228
201703 8.345 105.752 11.530
201706 8.818 105.730 12.186
201709 9.177 106.035 12.645
201712 11.088 106.907 15.154
201803 10.085 107.670 13.685
201806 9.617 108.421 12.960
201809 9.648 109.369 12.889
201812 10.455 109.653 13.931
201903 9.596 110.339 12.707
201906 9.880 111.352 12.964
201909 9.342 111.821 12.207
201912 10.385 112.943 13.435
202003 8.307 114.468 10.603
202006 8.680 114.283 11.097
202009 9.165 115.275 11.617
202012 10.856 116.299 13.639
202103 10.331 117.770 12.817
202106 10.592 118.630 13.045
202109 9.958 121.431 11.982
202112 11.014 124.634 12.912
202203 10.564 128.850 11.979
202206 9.526 133.448 10.430
202209 9.604 138.101 10.161
202212 12.403 140.574 12.891
202303 11.796 143.145 12.040
202306 12.017 143.538 12.232
202309 10.973 145.172 11.044
202312 13.794 146.109 13.794
202403 11.737 146.109 11.737

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


Banco De Chile  (NYSE:BCH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Banco De Chile Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Banco De Chile's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Banco De Chile (Banco De Chile) Business Description

Industry
Traded in Other Exchanges
Address
Paseo Ahumada 251, Santiago, CHL
Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile) Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.

Banco De Chile (Banco De Chile) Headlines

From GuruFocus

Banco de Chile Announces: BCH Files 2020 20F Annual Report

By ACCESSWIRE ACCESSWIRE 05-01-2021

BCH files Form 20-F for 2017

By ACCESSWIRE AccessWire 04-12-2019

BCH files 2018 20F Annual Report

By ACCESSWIRE AccessWire 04-29-2019

Banco de Chile Announces BCH files 2021 20F Annual Report

By ACCESSWIRE ACCESSWIRE 04-30-2022

DPM Capital LLC Buys Banco De Chile, Sells Berkshire Hathaway Inc, U.S. Bancorp

By GuruFocus Research GuruFocus Editor 11-18-2020

BCH Files 2022 20F Annual Report

By ACCESSWIRE ACCESSWIRE 04-29-2023