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The historical data trend for National Penn Bancshares'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.
National Penn Bancshares Quarterly Data | ||||||||||||||||||||
Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | - | - | - | - | - |
For the Banks - Regional subindustry, National Penn Bancshares'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.
For the Banks industry and Financial Services sector, National Penn Bancshares's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where National Penn Bancshares's Cyclically Adjusted PB Ratio falls into.
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.
National Penn Bancshares's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2015 is calculated as:
For example, National Penn Bancshares's adjusted Book Value per Share data for the three months ended in Dec. 2015 was:
Adj_Book | = | Book Value per Share | / | CPI of Dec. 2015 (Change) | * | Current CPI (Dec. 2015) |
= | 8.279 | / | 99.7924 | * | 99.7924 | |
= | 8.279 |
Current CPI (Dec. 2015) = 99.7924.
National Penn Bancshares Quarterly Data
Book Value per Share | CPI | Adj_Book | |
200603 | 10.469 | 84.298 | 12.393 |
200606 | 10.472 | 85.606 | 12.207 |
200609 | 10.742 | 85.606 | 12.522 |
200612 | 10.994 | 85.142 | 12.886 |
200703 | 11.207 | 86.640 | 12.908 |
200706 | 11.127 | 87.906 | 12.632 |
200709 | 11.281 | 87.964 | 12.798 |
200712 | 11.493 | 88.616 | 12.942 |
200803 | 13.172 | 90.090 | 14.591 |
200806 | 13.145 | 92.320 | 14.209 |
200809 | 13.064 | 92.307 | 14.123 |
200812 | 12.938 | 88.697 | 14.556 |
200903 | 12.565 | 89.744 | 13.972 |
200906 | 11.225 | 91.003 | 12.309 |
200909 | 9.672 | 91.120 | 10.593 |
200912 | 7.331 | 91.111 | 8.030 |
201003 | 7.323 | 91.821 | 7.959 |
201006 | 7.367 | 91.962 | 7.994 |
201009 | 7.483 | 92.162 | 8.103 |
201012 | 7.230 | 92.474 | 7.802 |
201103 | 7.245 | 94.283 | 7.668 |
201106 | 7.474 | 95.235 | 7.832 |
201109 | 7.674 | 95.727 | 8.000 |
201112 | 7.774 | 95.213 | 8.148 |
201203 | 7.885 | 96.783 | 8.130 |
201206 | 7.985 | 96.819 | 8.230 |
201209 | 8.093 | 97.633 | 8.272 |
201212 | 8.000 | 96.871 | 8.241 |
201303 | 7.810 | 98.209 | 7.936 |
201306 | 7.663 | 98.518 | 7.762 |
201309 | 7.763 | 98.790 | 7.842 |
201312 | 7.763 | 98.326 | 7.879 |
201403 | 7.779 | 99.695 | 7.787 |
201406 | 7.910 | 100.560 | 7.850 |
201409 | 7.948 | 100.428 | 7.898 |
201412 | 8.079 | 99.070 | 8.138 |
201503 | 8.075 | 99.621 | 8.089 |
201506 | 8.116 | 100.684 | 8.044 |
201509 | 8.258 | 100.392 | 8.209 |
201512 | 8.279 | 99.792 | 8.279 |
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.
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.
Thank you for viewing the detailed overview of National Penn Bancshares's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Natalye Paquin | director | 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964 |
Sandra Bodnyk | officer: SEVP - Chief Risk Officer | NATIONAL PENN BANCSHARES, INC, 645 HAMILTON STREET, ALLENTOWN PA 18101 |
Michael E. Martin | director | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus Llc | 10 percent owner | 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus X Partners, L.p. | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus Private Equity X, L.p. | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus X Gp L.p. | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus X, L.p. | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Wpp Gp Llc | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017 |
Warburg Pincus Partners, L.p. | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus Partners Gp Llc | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Charles R Kaye | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Joseph P. Landy | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus & Co. | 10 percent owner | 450 LEXINGTON AVENUE, NEW YORK, NY NY 100173147 |
Tito L Lima | officer: EVP - Corporate Controller | 212 TOWHEE DRIVE, BOALSBURG PA 16827 |
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