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OTP Bank (LUX:OTPBK) Cyclically Adjusted PB Ratio : 1.61 (As of Jun. 08, 2024)


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What is OTP Bank Cyclically Adjusted PB Ratio?

As of today (2024-06-08), OTP Bank's current share price is $24.20. OTP Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.05. OTP Bank's Cyclically Adjusted PB Ratio for today is 1.61.

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

LUX:OTPBK' 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.

LUX:OTPBK's Cyclically Adjusted PB Ratio is ranked worse than
82.33% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs LUX:OTPBK: 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 $22.945. 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 $15.05 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
=24.20/15.05
=1.61

* 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)
=22.945/163.8786*163.8786
=22.945

Current CPI (Mar. 2024) = 163.8786.

OTP Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.481 100.370 10.582
201409 6.546 100.074 10.720
201412 6.250 98.816 10.365
201503 5.959 99.704 9.795
201506 6.273 100.962 10.182
201509 6.110 99.704 10.043
201512 6.102 99.704 10.030
201603 6.141 99.482 10.116
201606 6.483 100.814 10.538
201609 6.841 100.370 11.170
201612 7.080 101.406 11.442
201703 7.159 102.147 11.486
201706 7.435 102.724 11.861
201709 7.835 102.902 12.478
201712 8.095 103.627 12.802
201803 7.919 104.219 12.452
201806 8.480 105.922 13.120
201809 8.792 106.588 13.518
201812 8.997 106.440 13.852
201903 9.274 108.068 14.063
201906 9.820 109.475 14.700
201909 10.841 109.623 16.207
201912 12.062 110.659 17.863
202003 11.457 112.287 16.721
202006 12.520 112.583 18.224
202009 12.362 113.398 17.865
202012 12.681 113.694 18.278
202103 13.158 116.358 18.532
202106 13.323 118.579 18.413
202109 13.336 119.541 18.282
202112 15.112 122.058 20.290
202203 14.968 126.351 19.414
202206 16.249 132.420 20.109
202209 17.698 143.597 20.198
202212 17.034 152.036 18.361
202303 17.370 158.105 18.004
202306 18.547 158.993 19.117
202309 20.654 161.140 21.005
202312 21.098 160.400 21.556
202403 22.945 163.879 22.945

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  (LUX:OTPBK) 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 (LUX:OTPBK) 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 (LUX:OTPBK) Headlines

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