GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OTP Bank PLC (BUD:OTP) » Definitions » Cyclically Adjusted PB Ratio

OTP Bank (BUD:OTP) Cyclically Adjusted PB Ratio : 1.58 (As of Jun. 08, 2024)


View and export this data going back to 1995. Start your Free Trial

What is OTP Bank Cyclically Adjusted PB Ratio?

As of today (2024-06-08), OTP Bank's current share price is Ft17410.00. OTP Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Ft10,990.50. OTP Bank's Cyclically Adjusted PB Ratio for today is 1.58.

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

BUD:OTP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.6   Max: 2.74
Current: 1.58

During the past years, OTP Bank's highest Cyclically Adjusted PB Ratio was 2.74. The lowest was 0.89. And the median was 1.60.

BUD:OTP's Cyclically Adjusted PB Ratio is ranked worse than
82.33% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs BUD:OTP: 1.58

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.

OTP Bank's adjusted book value per share data for the three months ended in Mar. 2024 was Ft16,625.826. 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 Ft10,990.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OTP Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for OTP Bank'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.

OTP Bank Cyclically Adjusted PB Ratio Chart

OTP Bank 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 2.70 2.10 2.30 1.06 1.50

OTP 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 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 1.00 1.19 1.27 1.50 1.53

Competitive Comparison of OTP Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, OTP 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.


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

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

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



OTP Bank 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.

OTP Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17410.00/10990.5
=1.58

* 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.

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

For example, OTP 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)
=16625.826/163.8786*163.8786
=16,625.826

Current CPI (Mar. 2024) = 163.8786.

OTP Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 4,696.298 100.370 7,667.849
201409 4,743.516 100.074 7,767.859
201412 4,528.878 98.816 7,510.812
201503 4,318.286 99.704 7,097.763
201506 4,545.460 100.962 7,378.037
201509 4,427.622 99.704 7,277.474
201512 4,421.295 99.704 7,267.074
201603 4,449.929 99.482 7,330.460
201606 4,697.740 100.814 7,636.415
201609 4,957.303 100.370 8,094.003
201612 5,130.481 101.406 8,291.154
201703 5,187.259 102.147 8,322.164
201706 5,387.696 102.724 8,595.157
201709 5,677.236 102.902 9,041.429
201712 5,865.956 103.627 9,276.594
201803 5,738.204 104.219 9,022.999
201806 6,144.656 105.922 9,506.829
201809 6,371.083 106.588 9,795.541
201812 6,518.976 106.440 10,036.863
201903 6,719.962 108.068 10,190.407
201906 7,115.433 109.475 10,651.496
201909 7,855.372 109.623 11,743.277
201912 8,740.035 110.659 12,943.432
202003 8,302.168 112.287 12,116.676
202006 9,072.139 112.583 13,205.595
202009 8,957.526 113.398 12,945.143
202012 9,188.541 113.694 13,244.415
202103 9,534.228 116.358 13,427.972
202106 9,653.624 118.579 13,341.528
202109 9,663.011 119.541 13,246.998
202112 10,950.601 122.058 14,702.630
202203 10,845.782 126.351 14,067.107
202206 11,774.242 132.420 14,571.367
202209 12,824.078 143.597 14,635.317
202212 12,343.133 152.036 13,304.625
202303 12,586.131 158.105 13,045.737
202306 13,439.418 158.993 13,852.364
202309 14,966.111 161.140 15,220.472
202312 15,287.481 160.400 15,619.050
202403 16,625.826 163.879 16,625.826

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.


OTP Bank  (BUD:OTP) 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.


OTP Bank Cyclically Adjusted PB Ratio Related Terms

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


OTP Bank (BUD:OTP) Business Description

Industry
Traded in Other Exchanges
Address
16, Nador Street, Budapest, HUN, 1051
OTP Bank PLC provides universal financial services through several subsidiaries. It performs banking operations via its bank in Hungary. The Group's operating segments are as follows: OTP Core Hungary, Russia, Ukraine, Bulgaria, Romania, Serbia, Croatia, Montenegro, Albania, Moldova, Slovenia, Merkantil Group, Asset Management subsidiaries, other subsidiaries, Corporate Centre. The Bank provides comprehensive banking & other financial services to both retail & corporate customers: its activities include deposit collection from customers, raising money from the money & capital markets; It also offers mortgage loans, consumer credits, working capital & investment loans to companies, and municipalities. A majority of the bank's net revenue is net interest income.

OTP Bank (BUD:OTP) Headlines

No Headlines