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PT Bank Sinarmas Tbk (ISX:BSIM) Cyclically Adjusted PB Ratio : 2.27 (As of Jun. 06, 2024)


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What is PT Bank Sinarmas Tbk Cyclically Adjusted PB Ratio?

As of today (2024-06-06), PT Bank Sinarmas Tbk's current share price is Rp840.00. PT Bank Sinarmas Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp369.28. PT Bank Sinarmas Tbk's Cyclically Adjusted PB Ratio for today is 2.27.

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

ISX:BSIM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.42   Max: 3.87
Current: 2.33

During the past years, PT Bank Sinarmas Tbk's highest Cyclically Adjusted PB Ratio was 3.87. The lowest was 1.46. And the median was 2.42.

ISX:BSIM's Cyclically Adjusted PB Ratio is ranked worse than
90.85% of 1191 companies
in the Banks industry
Industry Median: 0.91 vs ISX:BSIM: 2.33

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.

PT Bank Sinarmas Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp399.746. 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 Rp369.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank Sinarmas Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Bank Sinarmas Tbk'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.

PT Bank Sinarmas Tbk Cyclically Adjusted PB Ratio Chart

PT Bank Sinarmas Tbk 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 - 1.68 2.78 2.45 2.45

PT Bank Sinarmas Tbk 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 2.55 2.52 2.49 2.45 2.57

Competitive Comparison of PT Bank Sinarmas Tbk's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, PT Bank Sinarmas Tbk'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.


PT Bank Sinarmas Tbk's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



PT Bank Sinarmas Tbk 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.

PT Bank Sinarmas Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=840.00/369.28
=2.27

* 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.

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

For example, PT Bank Sinarmas Tbk'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)
=399.746/130.6070*130.6070
=399.746

Current CPI (Mar. 2024) = 130.6070.

PT Bank Sinarmas Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 216.207 93.015 303.588
201409 219.324 94.576 302.881
201412 225.361 98.819 297.854
201503 228.529 98.388 303.366
201506 230.338 99.766 301.543
201509 236.244 101.037 305.386
201512 259.300 102.133 331.592
201603 267.124 102.764 339.499
201606 303.712 103.212 384.324
201609 290.525 104.142 364.353
201612 293.431 105.222 364.222
201703 299.771 106.476 367.709
201706 302.160 107.722 366.354
201709 307.271 108.020 371.520
201712 314.930 109.017 377.300
201803 321.847 110.097 381.806
201806 327.080 111.085 384.562
201809 329.072 111.135 386.731
201812 315.725 112.430 366.770
201903 325.054 112.829 376.273
201906 319.479 114.730 363.690
201909 348.831 114.905 396.501
201912 357.704 115.486 404.540
202003 317.448 116.252 356.646
202006 328.776 116.630 368.177
202009 329.651 116.397 369.897
202012 356.667 117.318 397.068
202103 326.497 117.840 361.871
202106 357.747 118.184 395.352
202109 371.197 118.262 409.946
202112 421.458 119.516 460.569
202203 366.282 120.948 395.533
202206 361.829 123.322 383.202
202209 357.023 125.298 372.149
202212 369.494 126.098 382.707
202303 377.676 126.953 388.548
202306 388.362 127.663 397.318
202309 382.190 128.151 389.513
202312 396.971 129.395 400.690
202403 399.746 130.607 399.746

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.


PT Bank Sinarmas Tbk  (ISX:BSIM) 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.


PT Bank Sinarmas Tbk Cyclically Adjusted PB Ratio Related Terms

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


PT Bank Sinarmas Tbk (ISX:BSIM) Business Description

Traded in Other Exchanges
N/A
Address
Jalan MH. Thamrin No. 51, Sinar Mas Land Plaza Tower I, 1st and 2nd Floor, Jakarta, IDN, 10350
PT Bank Sinarmas Tbk provides financial services. The company is involved in credit activities, fund collection, banking service and e-banking products, bancassurance and investment products sales, credit card business, international business activities and treasury, and sharia business unit. It collects funds from the public to be distributed in the form of loans to both individuals and corporations. The company's operating segment includes Commercial Bank and Sharia Business Unit. It generates maximum revenue from the Commercial Bank segment which includes Marketing and Credit; Treasury and Trade Finance.

PT Bank Sinarmas Tbk (ISX:BSIM) Headlines

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