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Banque Centrale Populaire (CAS:BCP) Cyclically Adjusted PB Ratio : 1.53 (As of Jun. 09, 2024)


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What is Banque Centrale Populaire Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Banque Centrale Populaire's current share price is MAD293.95. Banque Centrale Populaire's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MAD192.20. Banque Centrale Populaire's Cyclically Adjusted PB Ratio for today is 1.53.

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

CAS:BCP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.39   Max: 1.7
Current: 1.53

During the past years, Banque Centrale Populaire's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 1.04. And the median was 1.39.

CAS:BCP's Cyclically Adjusted PB Ratio is ranked worse than
81.24% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs CAS:BCP: 1.53

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.

Banque Centrale Populaire's adjusted book value per share data for the three months ended in Mar. 2024 was MAD178.098. 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 MAD192.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banque Centrale Populaire Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Banque Centrale Populaire'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.

Banque Centrale Populaire Cyclically Adjusted PB Ratio Chart

Banque Centrale Populaire 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 - - 1.63 1.24 1.45

Banque Centrale Populaire 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 1.20 1.39 1.33 1.45 1.54

Competitive Comparison of Banque Centrale Populaire's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Banque Centrale Populaire'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.


Banque Centrale Populaire's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banque Centrale Populaire's Cyclically Adjusted PB Ratio falls into.



Banque Centrale Populaire 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.

Banque Centrale Populaire's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=293.95/192.2
=1.53

* 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.

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

For example, Banque Centrale Populaire'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)
=178.098/131.7762*131.7762
=178.098

Current CPI (Mar. 2024) = 131.7762.

Banque Centrale Populaire Quarterly Data

Book Value per Share CPI Adj_Book
201212 150.288 96.871 204.441
201306 157.564 98.518 210.756
201312 171.002 98.326 229.177
201406 161.804 100.560 212.033
201412 139.580 99.070 185.660
201506 174.016 100.684 227.754
201512 149.337 99.792 197.200
201603 0.000 100.470 0.000
201606 151.564 101.688 196.410
201609 0.000 101.861 0.000
201612 157.908 101.863 204.280
201703 162.187 102.862 207.777
201706 154.757 103.349 197.324
201709 161.275 104.136 204.082
201712 147.285 104.011 186.602
201803 155.588 105.290 194.728
201806 147.373 106.317 182.664
201809 149.725 106.507 185.248
201812 155.789 105.998 193.676
201903 144.256 107.251 177.244
201906 164.683 108.070 200.809
201909 167.238 108.329 203.435
201912 171.395 108.420 208.317
202003 170.815 108.902 206.695
202006 168.629 108.767 204.301
202009 161.953 109.815 194.341
202012 161.128 109.897 193.207
202103 163.945 111.754 193.317
202106 160.324 114.631 184.303
202109 163.035 115.734 185.633
202112 160.612 117.630 179.928
202203 164.537 121.301 178.746
202206 158.955 125.017 167.549
202209 161.219 125.227 169.651
202212 162.124 125.222 170.610
202303 165.364 127.348 171.114
202306 164.240 128.729 168.128
202309 171.019 129.860 173.543
202312 171.686 129.419 174.812
202403 178.098 131.776 178.098

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.


Banque Centrale Populaire  (CAS:BCP) 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.


Banque Centrale Populaire Cyclically Adjusted PB Ratio Related Terms

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


Banque Centrale Populaire (CAS:BCP) Business Description

Traded in Other Exchanges
N/A
Address
101, Boulevard Mohamed Zerktouni, BP: 10 622, Casablanca, MAR, 21100
Banque Centrale Populaire SA is a Malaysia-based company. The company is a credit establishment. It carries all banking transaction and is also a central banking body for Banques Populaires Regionales. The bank services include private banking, transaction banking, business banking, asset management, and others. The bank receives maximum revenue in the form of interest income. Geographically, the company offers its services to Morocco, Africa, Europe, and Other regions.

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