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Standard Chartered (Standard Chartered) Cyclically Adjusted PB Ratio : 0.52 (As of Jun. 08, 2024)


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What is Standard Chartered Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Standard Chartered's current share price is $19.25. Standard Chartered's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $37.37. Standard Chartered's Cyclically Adjusted PB Ratio for today is 0.52.

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

SCBFY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.47   Max: 0.78
Current: 0.51

During the past years, Standard Chartered's highest Cyclically Adjusted PB Ratio was 0.78. The lowest was 0.34. And the median was 0.47.

SCBFY's Cyclically Adjusted PB Ratio is ranked better than
81.83% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs SCBFY: 0.51

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.

Standard Chartered's adjusted book value per share data for the three months ended in Mar. 2024 was $39.014. 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 $37.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Standard Chartered Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Standard Chartered'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.

Standard Chartered Cyclically Adjusted PB Ratio Chart

Standard Chartered 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 0.74 0.46 0.40 0.47 0.47

Standard Chartered 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 0.45 0.49 0.54 0.47 0.46

Competitive Comparison of Standard Chartered's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Standard Chartered'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.


Standard Chartered's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Standard Chartered 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.

Standard Chartered's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.25/37.37
=0.52

* 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.

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

For example, Standard Chartered'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)
=39.014/131.6000*131.6000
=39.014

Current CPI (Mar. 2024) = 131.6000.

Standard Chartered Quarterly Data

Book Value per Share CPI Adj_Book
200912 24.760 88.900 36.653
201006 26.060 90.200 38.021
201012 30.980 91.700 44.460
201106 32.752 93.500 46.098
201112 32.509 95.000 45.034
201206 33.661 95.600 46.337
201212 35.786 97.300 48.401
201306 35.164 98.000 47.220
201312 36.273 99.200 48.120
201406 37.207 99.800 49.063
201412 35.741 99.900 47.082
201506 36.672 100.100 48.212
201512 29.403 100.400 38.540
201606 29.547 101.000 38.499
201612 29.438 102.200 37.906
201706 31.028 103.500 39.452
201712 31.229 105.000 39.140
201806 30.967 105.900 38.482
201812 30.278 107.100 37.204
201903 0.000 107.000 0.000
201906 30.711 107.900 37.457
201909 0.000 108.400 0.000
201912 31.507 108.500 38.215
202003 31.584 108.600 38.273
202006 31.417 108.800 38.001
202009 30.973 109.200 37.326
202012 31.942 109.400 38.424
202103 33.294 109.700 39.941
202106 33.670 111.400 39.775
202109 33.415 112.400 39.123
202112 34.197 114.700 39.236
202203 33.372 116.500 37.697
202206 33.489 120.500 36.574
202209 34.434 122.300 37.052
202212 34.644 125.300 36.386
202303 35.341 126.800 36.679
202306 35.562 129.400 36.167
202309 35.572 130.100 35.982
202312 37.890 130.500 38.209
202403 39.014 131.600 39.014

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.


Standard Chartered  (OTCPK:SCBFY) 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.


Standard Chartered Cyclically Adjusted PB Ratio Related Terms

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


Standard Chartered (Standard Chartered) Business Description

Address
1 Basinghall Avenue, London, GBR, EC2V 5DD
Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with the holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the U.K. and provides banking services across 60 countries, primarily in Asia, Africa, the Middle East, and the United Kingdom. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank has also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets.

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