GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Capitec Bank Holdings Ltd (JSE:CPI) » Definitions » Cyclically Adjusted PB Ratio

Capitec Bank Holdings (JSE:CPI) Cyclically Adjusted PB Ratio : 8.58 (As of May. 26, 2024)


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

What is Capitec Bank Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Capitec Bank Holdings's current share price is R2265.61. Capitec Bank Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb24 was R264.16. Capitec Bank Holdings's Cyclically Adjusted PB Ratio for today is 8.58.

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

JSE:CPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.04   Med: 10.05   Max: 16.93
Current: 8.58

During the past 13 years, Capitec Bank Holdings's highest Cyclically Adjusted PB Ratio was 16.93. The lowest was 5.04. And the median was 10.05.

JSE:CPI's Cyclically Adjusted PB Ratio is ranked worse than
98.58% of 1193 companies
in the Banks industry
Industry Median: 0.92 vs JSE:CPI: 8.58

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.

Capitec Bank Holdings's adjusted book value per share data of for the fiscal year that ended in Feb24 was R375.886. 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 R264.16 for the trailing ten years ended in Feb24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capitec Bank Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Capitec Bank Holdings'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.

Capitec Bank Holdings Cyclically Adjusted PB Ratio Chart

Capitec Bank Holdings Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.46 8.28 10.72 7.69 7.64

Capitec Bank Holdings Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 10.72 - 7.69 - 7.64

Competitive Comparison of Capitec Bank Holdings's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Capitec Bank Holdings'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.


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

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

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



Capitec Bank Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2265.61/264.16
=8.58

* 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.

Capitec Bank Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb24 is calculated as:

For example, Capitec Bank Holdings's adjusted Book Value per Share data for the fiscal year that ended in Feb24 was:

Adj_Book=Book Value per Share/CPI of Feb24 (Change)*Current CPI (Feb24)
=375.886/154.2028*154.2028
=375.886

Current CPI (Feb24) = 154.2028.

Capitec Bank Holdings Annual Data

Book Value per Share CPI Adj_Book
201502 100.009 97.339 158.433
201602 118.130 104.097 174.991
201702 139.396 110.855 193.905
201802 163.385 115.106 218.881
201902 187.463 119.793 241.311
202002 221.236 125.243 272.392
202102 258.723 128.817 309.708
202202 309.320 136.109 350.440
202302 327.504 146.101 345.665
202402 375.886 154.203 375.886

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.


Capitec Bank Holdings  (JSE:CPI) 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.


Capitec Bank Holdings Cyclically Adjusted PB Ratio Related Terms

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


Capitec Bank Holdings (JSE:CPI) Business Description

Traded in Other Exchanges
Address
5 Neutron Road, Techno Park, Stellenbosch, WC, ZAF, 7600
Capitec Bank Holdings Ltd is a retail bank with more than 850 branches in South Africa. Its services focus on three customer needs: saving, which provides customers the ability to receive and store funds; credit, which satisfies customer needs to access and borrow funds; and transacting, which allows for payments and movement of funds. It operates in three segments: -Retail bank, Business bank, and the Insurance business. Net interest income accounts for more than two-thirds of total company revenue. The company also generates revenue from fees on loans and transactions. Roughly a third of the company's loans are mortgages, and another third are other secured loans. Credit facilities and unsecured credit loans make up most of the remaining loans outstanding.

Capitec Bank Holdings (JSE:CPI) Headlines