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OTP Bank (FRA:OTP) Cyclically Adjusted PB Ratio : 1.62 (As of Jun. 09, 2024)


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What is OTP Bank Cyclically Adjusted PB Ratio?

As of today (2024-06-09), OTP Bank's current share price is €44.42. OTP Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €27.48. OTP Bank's Cyclically Adjusted PB Ratio for today is 1.62.

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

FRA: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.

FRA:OTP's Cyclically Adjusted PB Ratio is ranked worse than
82.33% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs FRA: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 €42.447. 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 €27.48 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
=44.42/27.48
=1.62

* 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)
=42.447/163.8786*163.8786
=42.447

Current CPI (Mar. 2024) = 163.8786.

OTP Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.990 100.370 19.577
201409 12.111 100.074 19.833
201412 11.563 98.816 19.176
201503 11.025 99.704 18.121
201506 11.605 100.962 18.837
201509 11.304 99.704 18.580
201512 11.288 99.704 18.554
201603 11.361 99.482 18.715
201606 11.994 100.814 19.497
201609 12.657 100.370 20.666
201612 13.099 101.406 21.169
201703 13.244 102.147 21.248
201706 13.755 102.724 21.944
201709 14.495 102.902 23.084
201712 14.976 103.627 23.683
201803 14.650 104.219 23.036
201806 15.688 105.922 24.272
201809 16.266 106.588 25.009
201812 16.644 106.440 25.626
201903 17.157 108.068 26.018
201906 18.166 109.475 27.194
201909 20.056 109.623 29.982
201912 22.314 110.659 33.046
202003 21.196 112.287 30.935
202006 23.162 112.583 33.715
202009 22.870 113.398 33.051
202012 23.459 113.694 33.814
202103 24.342 116.358 34.283
202106 24.647 118.579 34.063
202109 24.671 119.541 33.821
202112 27.958 122.058 37.537
202203 27.690 126.351 35.914
202206 30.061 132.420 37.202
202209 32.741 143.597 37.365
202212 31.513 152.036 33.968
202303 32.134 158.105 33.307
202306 34.312 158.993 35.366
202309 38.210 161.140 38.859
202312 39.031 160.400 39.878
202403 42.447 163.879 42.447

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  (FRA: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 (FRA: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 (FRA:OTP) Headlines

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