GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security Federal Corp (OTCPK:SFDL) » Definitions » Cyclically Adjusted PB Ratio

Security Federal (Security Federal) Cyclically Adjusted PB Ratio : 0.58 (As of May. 26, 2024)


View and export this data going back to . Start your Free Trial

What is Security Federal Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Security Federal's current share price is $22.00. Security Federal's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $37.89. Security Federal's Cyclically Adjusted PB Ratio for today is 0.58.

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

SFDL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1   Max: 1.62
Current: 0.58

During the past years, Security Federal's highest Cyclically Adjusted PB Ratio was 1.62. The lowest was 0.57. And the median was 1.00.

SFDL's Cyclically Adjusted PB Ratio is ranked better than
77.45% of 1193 companies
in the Banks industry
Industry Median: 0.92 vs SFDL: 0.58

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.

Security Federal's adjusted book value per share data for the three months ended in Mar. 2024 was $54.128. 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 $37.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Security Federal Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Security Federal'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.

Security Federal Cyclically Adjusted PB Ratio Chart

Security Federal 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 1.41 0.99 1.10 0.77 0.63

Security Federal 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 0.73 0.71 0.64 0.63 0.63

Competitive Comparison of Security Federal's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Security Federal'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.


Security Federal's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Security Federal 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.

Security Federal's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.00/37.89
=0.58

* 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.

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

For example, Security Federal'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)
=54.128/131.7762*131.7762
=54.128

Current CPI (Mar. 2024) = 131.7762.

Security Federal Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.230 100.560 27.820
201409 21.627 100.428 28.378
201412 22.227 99.070 29.565
201503 22.705 99.621 30.034
201506 22.235 100.684 29.101
201509 23.239 100.392 30.504
201512 23.415 99.792 30.920
201603 24.205 100.470 31.747
201606 25.652 101.688 33.242
201609 25.623 101.861 33.148
201612 24.143 101.863 31.233
201703 24.776 102.862 31.740
201706 25.942 103.349 33.078
201709 26.451 104.136 33.472
201712 26.388 104.011 33.432
201803 25.835 105.290 32.334
201806 26.055 106.317 32.294
201809 26.033 106.507 32.210
201812 27.258 105.998 33.887
201903 28.826 107.251 35.418
201906 30.155 108.070 36.770
201909 31.221 108.329 37.978
201912 31.032 108.420 37.717
202003 29.593 108.902 35.809
202006 32.916 108.767 39.879
202009 33.524 109.815 40.228
202012 34.402 109.897 41.251
202103 33.589 111.754 39.607
202106 35.432 114.631 40.731
202109 35.870 115.734 40.842
202112 35.514 117.630 39.785
202203 29.653 121.301 32.214
202206 51.307 125.017 54.081
202209 48.141 125.227 50.659
202212 49.259 125.222 51.837
202303 51.178 127.348 52.958
202306 50.191 128.729 51.379
202309 49.045 129.860 49.769
202312 53.383 129.419 54.355
202403 54.128 131.776 54.128

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.


Security Federal  (OTCPK:SFDL) 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.


Security Federal Cyclically Adjusted PB Ratio Related Terms

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


Security Federal (Security Federal) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 810, Aiken, SC, USA, 29802
Security Federal Corp and its subsidiaries are involved in the business of providing commercial and personal banking services as well as auto, business, home, and health insurance. The primary business of the company is to accept deposits from the general public and originate commercial real estate loans, commercial business loans, consumer loans as well as mortgage loans to buy or refinance one-to-four family residential real estate. It also originates construction loans and loans for the acquisition, development, and construction of residential subdivisions and commercial projects. The bank also operates Security federal trust and investments that offer trust, financial planning, and financial management services.
Executives
J Chris Verens director, officer: President P O BOX 810, AIKEN SC 29802
Nathan Crowe officer: Chief Accounting Officer 238 RICHLAND AVENUE NORTHWEST, AIKEN SC 29801
Darrell R Rains officer: Chief Financial Officer P.O. BOX 15367, AUGUSTA GA 30909
Philip R. Wahl director 238 RICHLAND AVENUE NW, AIKEN SC 29801
Toole Frampton W. Iii director 238 RICHLAND AVENUE NW, AIKEN SC 29801
Robert E Alexander director P O BOX 810, AIKEN SC 29802
Richard T Harmon director, officer: Exec. VP and CLO of the Bank 238 RICHLAND AVENUE WEST, AIKEN SC 29801
Toole Gasper L Iii director, officer: VP P O BOX 810, AIKEN SC 29802
Jessica T Cummins officer: Chief Financial Officer 238 RICHLAND AVENUE WEST, AIKEN SC 29801
Thomas Lucius Moore director P O BOX 810, AIKEN SC 29802
Thomas Francis M Jr officer: Senior VP P O BOX 810, AIKEN SC 29802
William Clyburn director P O BOX 810, AIKEN SC 29802
Roy G Lindburg officer: Treasurer/CFO P O BOX 810, AIKEN SC 29802
Frank M Thomas director PO BOX 810, AIKEN SC 29802
William Barry Adams director, officer: Exec. VP-Security Federal Bank P.O. BOX 810, AIKEN SC 29802

Security Federal (Security Federal) Headlines

From GuruFocus

Security Federal Corporation Announces Cash Dividend

By Marketwired Marketwired 02-16-2021

Security Federal Corporation Announces Cash Dividend

By GuruFocusNews GuruFocusNews 11-19-2021

Security Federal Corporation Announces Cash Dividend

By GlobeNewswire GlobeNewswire 05-25-2021

Security Federal Announces Cash Dividend Increase

By GuruFocusNews GuruFocusNews 02-14-2022

Security Federal Announces Cash Dividend

By GlobeNewswire GlobeNewswire 06-10-2022

Security Federal Announces Cash Dividend

By GuruFocusNews GuruFocusNews 06-20-2022

Security Federal Announces Cash Dividend

By Marketwired 08-21-2023