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South Atlantic Bancshares (South Atlantic Bancshares) Cyclically Adjusted PB Ratio : 0.95 (As of May. 31, 2024)


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What is South Atlantic Bancshares Cyclically Adjusted PB Ratio?

As of today (2024-05-31), South Atlantic Bancshares's current share price is $12.1675. South Atlantic Bancshares's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $12.76. South Atlantic Bancshares's Cyclically Adjusted PB Ratio for today is 0.95.

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

SABK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.18   Max: 1.51
Current: 0.94

During the past 12 years, South Atlantic Bancshares's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.85. And the median was 1.18.

SABK's Cyclically Adjusted PB Ratio is ranked worse than
52.51% of 1196 companies
in the Banks industry
Industry Median: 0.91 vs SABK: 0.94

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.

South Atlantic Bancshares's adjusted book value per share data of for the fiscal year that ended in Dec23 was $13.573. 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 $12.76 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


South Atlantic Bancshares Cyclically Adjusted PB Ratio Historical Data

The historical data trend for South Atlantic 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.

* Premium members only.

South Atlantic Bancshares Cyclically Adjusted PB Ratio Chart

South Atlantic Bancshares 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 - - 1.45 1.16 1.00

South Atlantic Bancshares 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 -

Competitive Comparison of South Atlantic Bancshares's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, South Atlantic 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.


South Atlantic Bancshares's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where South Atlantic Bancshares's Cyclically Adjusted PB Ratio falls into.



South Atlantic Bancshares 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.

South Atlantic Bancshares's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.1675/12.76
=0.95

* 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.

South Atlantic Bancshares's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, South Atlantic Bancshares's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=13.573/129.4194*129.4194
=13.573

Current CPI (Dec23) = 129.4194.

South Atlantic Bancshares Annual Data

Book Value per Share CPI Adj_Book
201412 7.653 99.070 9.997
201512 8.461 99.792 10.973
201612 8.884 101.863 11.287
201712 9.362 104.011 11.649
201812 10.572 105.998 12.908
201912 11.781 108.420 14.063
202012 13.107 109.897 15.435
202112 13.962 117.630 15.361
202212 11.919 125.222 12.319
202312 13.573 129.419 13.573

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.


South Atlantic Bancshares  (OTCPK:SABK) 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.


South Atlantic Bancshares Cyclically Adjusted PB Ratio Related Terms

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


South Atlantic Bancshares (South Atlantic Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
630 29th Avenue North, Myrtle Beach, SC, USA, 29577
South Atlantic Bancshares Inc is A United States-based bank holding company. The business activity of the bank is to provide banking services to domestic markets. Its product offering includes Personal and business checking, Savings, and Money market accounts, along with Residential mortgages, Commercial Loans, and Lines of credit. The bank also offers other services like mobile banking application, treasury, remote deposit capture, and merchant card services; telephone and online banking, and ATM services; and debit and credit cards.