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FBN Holdings (NSA:FBNH) Cyclically Adjusted PB Ratio : 0.97 (As of Jun. 10, 2024)


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What is FBN Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-10), FBN Holdings's current share price is ₦23.00. FBN Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₦23.61. FBN Holdings's Cyclically Adjusted PB Ratio for today is 0.97.

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

NSA:FBNH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.61   Max: 1.73
Current: 0.97

During the past years, FBN Holdings's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 0.41. And the median was 0.61.

NSA:FBNH's Cyclically Adjusted PB Ratio is ranked worse than
55.65% of 1195 companies
in the Banks industry
Industry Median: 0.9 vs NSA:FBNH: 0.97

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.

FBN Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was ₦52.109. 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 ₦23.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FBN Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FBN 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.

FBN Holdings Cyclically Adjusted PB Ratio Chart

FBN Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.63 0.53

FBN Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.53 0.53 0.78 0.73 1.51

Competitive Comparison of FBN Holdings's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, FBN 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.


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

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

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



FBN 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.00/23.61
=0.97

* 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.

FBN Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, FBN Holdings'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)
=52.109/131.7762*131.7762
=52.109

Current CPI (Mar. 2024) = 131.7762.

FBN Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.447 99.695 17.774
201406 12.981 100.560 17.011
201409 13.485 100.428 17.694
201412 12.750 99.070 16.959
201503 13.371 99.621 17.687
201506 13.899 100.684 18.191
201509 15.755 100.392 20.680
201512 15.278 99.792 20.175
201603 15.200 100.470 19.936
201606 16.376 101.688 21.221
201609 16.798 101.861 21.731
201612 17.660 101.863 22.846
201703 0.000 102.862 0.000
201706 16.551 103.349 21.104
201709 17.127 104.136 21.673
201712 20.647 104.011 26.159
201803 18.371 105.290 22.992
201806 16.995 106.317 21.065
201809 18.841 106.507 23.311
201812 14.277 105.998 17.749
201903 14.652 107.251 18.003
201906 15.117 108.070 18.433
201909 16.315 108.329 19.846
201912 17.841 108.420 21.684
202003 18.345 108.902 22.198
202006 19.225 108.767 23.292
202009 19.440 109.815 23.328
202012 20.894 109.897 25.054
202103 20.883 111.754 24.624
202106 21.075 114.631 24.227
202109 20.554 115.734 23.403
202112 24.027 117.630 26.917
202203 24.783 121.301 26.923
202206 24.196 125.017 25.504
202209 24.370 125.227 25.645
202212 27.179 125.222 28.602
202303 27.307 127.348 28.257
202306 37.731 128.729 38.624
202309 37.584 129.860 38.139
202403 52.109 131.776 52.109

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.


FBN Holdings  (NSA:FBNH) 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.


FBN Holdings Cyclically Adjusted PB Ratio Related Terms

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


FBN Holdings (NSA:FBNH) Business Description

Industry
Traded in Other Exchanges
N/A
Address
35 Marina, Samuel Asabia House, PO Box 5216, Lagos, NGA
FBN Holdings PLC is a financial holding company in Africa. It is a diversified financial services group offering a broad range of products and services through its subsidiaries, across commercial banking, merchant banking, investment banking services, corporate banking, capital markets, provision of other financial services, trusteeship and insurance brokerage to millions of customers.

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