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Bank OZK (Bank OZK) Cyclically Adjusted PB Ratio : 1.46 (As of May. 03, 2024)


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What is Bank OZK Cyclically Adjusted PB Ratio?

As of today (2024-05-03), Bank OZK's current share price is $46.265. Bank OZK's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $31.70. Bank OZK's Cyclically Adjusted PB Ratio for today is 1.46.

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

OZK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.43   Max: 8.78
Current: 1.46

During the past years, Bank OZK's highest Cyclically Adjusted PB Ratio was 8.78. The lowest was 0.91. And the median was 2.43.

OZK's Cyclically Adjusted PB Ratio is ranked worse than
77.6% of 1183 companies
in the Banks industry
Industry Median: 0.92 vs OZK: 1.46

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.

Bank OZK's adjusted book value per share data for the three months ended in Dec. 2023 was $42.422. 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 $31.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank OZK Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank OZK'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.

Bank OZK Cyclically Adjusted PB Ratio Chart

Bank OZK 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 1.87 1.62 1.98 1.44 1.57

Bank OZK Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.44 1.18 1.34 1.19 1.57

Competitive Comparison of Bank OZK's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Bank OZK'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.


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

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

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



Bank OZK 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.265/31.7
=1.46

* 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.

Bank OZK's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bank OZK's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=42.422/129.4194*129.4194
=42.422

Current CPI (Dec. 2023) = 129.4194.

Bank OZK Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.840 99.695 11.476
201406 10.673 100.560 13.736
201409 10.985 100.428 14.156
201412 11.366 99.070 14.848
201503 13.592 99.621 17.658
201506 13.930 100.684 17.906
201509 14.893 100.392 19.199
201512 16.188 99.792 20.994
201603 16.625 100.470 21.415
201606 17.157 101.688 21.836
201609 22.755 101.861 28.911
201612 23.020 101.863 29.248
201703 23.634 102.862 29.736
201706 25.431 103.349 31.846
201709 26.017 104.136 32.334
201712 26.976 104.011 33.566
201803 27.420 105.290 33.704
201806 28.098 106.317 34.204
201809 28.409 106.507 34.521
201812 29.316 105.998 35.794
201903 30.113 107.251 36.337
201906 30.968 108.070 37.086
201909 31.628 108.329 37.785
201912 32.185 108.420 38.419
202003 31.573 108.902 37.522
202006 31.779 108.767 37.813
202009 32.366 109.815 38.144
202012 33.029 109.897 38.896
202103 33.790 111.754 39.131
202106 34.703 114.631 39.180
202109 35.346 115.734 39.526
202112 35.851 117.630 39.444
202203 35.468 121.301 37.842
202206 35.865 125.017 37.128
202209 35.669 125.227 36.863
202212 37.128 125.222 38.373
202303 38.434 127.348 39.059
202306 39.515 128.729 39.727
202309 40.345 129.860 40.208
202312 42.422 129.419 42.422

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.


Bank OZK  (NAS:OZK) 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.


Bank OZK Cyclically Adjusted PB Ratio Related Terms

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


Bank OZK (Bank OZK) Business Description

Industry
Traded in Other Exchanges
Address
18000 Cantrell Road, Little Rock, AR, USA, 72223
Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices primarily in the southeastern United States, as well as Texas, New York, and California. The bank holding company also owns a number of finance subsidiary business trusts formed in connection with the issuance of debt and preferred securities. Bank of the Ozarks provides a wide range of retail and commercial banking services, but principally concentrates its activities on real estate loans, which account for the great majority of the bank's loans and leases. The bank's real estate lending arm, which finances many metropolitan construction and development projects, extends further than many of its community banking competitors.
Executives
Kathleen M Franklin director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Bradly Rebel officer: Chief Audit Executive 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Dennis R James officer: EVP/Director of M & A 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Mullen Walter J Iii director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Paula H Cholmondeley director 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
Timothy D Hicks officer: EVP Corporate Finance 17901 CHENAL PARKWAY, LITTLE ROCK AR 72227
John Crawford Carter officer: Director Community Bank Lend 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Edward J Wydock officer: Chief Risk Officer SUSQUEHANNA BANCSHARES, INC., 26 N CEDAR ST, LITITZ PA 17543
William A Koefoed director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Jennifer R Junker officer: Dir of Trust and Wealth Mgmt 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Matthew Reddin officer: Dir of Comm Bank Lending 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Ross M Whipple director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Catherine B Freedberg director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Peter C Kenny director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Dan Thomas officer: Chief Lending Officer 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223