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Bancontander (WAR:SAN) Cyclically Adjusted PB Ratio : 0.72 (As of Jun. 06, 2024)


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What is Bancontander Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Bancontander's current share price is zł20.37. Bancontander's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł28.19. Bancontander's Cyclically Adjusted PB Ratio for today is 0.72.

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

WAR:SAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.56   Max: 0.99
Current: 0.72

During the past years, Bancontander's highest Cyclically Adjusted PB Ratio was 0.99. The lowest was 0.23. And the median was 0.56.

WAR:SAN's Cyclically Adjusted PB Ratio is ranked better than
66.08% of 1191 companies
in the Banks industry
Industry Median: 0.91 vs WAR:SAN: 0.72

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.

Bancontander's adjusted book value per share data for the three months ended in Mar. 2024 was zł26.346. 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 zł28.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bancontander Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bancontander'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.

Bancontander Cyclically Adjusted PB Ratio Chart

Bancontander 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 0.52 0.40 0.46 0.43 0.58

Bancontander 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 0.53 0.52 0.56 0.58 0.69

Competitive Comparison of Bancontander's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Bancontander'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.


Bancontander's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Bancontander 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.

Bancontander's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.37/28.19
=0.72

* 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.

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

For example, Bancontander'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)
=26.346/122.7621*122.7621
=26.346

Current CPI (Mar. 2024) = 122.7621.

Bancontander Quarterly Data

Book Value per Share CPI Adj_Book
201406 32.889 101.081 39.944
201409 34.575 100.441 42.259
201412 30.096 100.251 36.854
201503 26.887 99.474 33.182
201506 26.810 101.138 32.542
201509 25.879 99.559 31.910
201512 24.817 100.268 30.384
201603 25.161 98.638 31.315
201606 25.764 100.333 31.523
201609 25.817 99.737 31.777
201612 24.580 101.842 29.629
201703 25.373 100.896 30.872
201706 25.557 101.848 30.805
201709 27.067 101.524 32.729
201712 26.290 102.975 31.342
201803 27.531 102.122 33.095
201806 25.822 104.165 30.432
201809 26.064 103.818 30.820
201812 25.654 104.193 30.226
201903 26.087 103.488 30.946
201906 26.030 104.612 30.546
201909 24.617 103.905 29.085
201912 25.387 105.015 29.677
202003 24.344 103.469 28.883
202006 21.176 104.254 24.935
202009 22.010 103.521 26.101
202012 22.657 104.456 26.628
202103 22.442 104.857 26.274
202106 23.519 107.102 26.958
202109 23.026 107.669 26.254
202112 22.780 111.298 25.126
202203 22.718 115.153 24.219
202206 22.295 118.044 23.186
202209 21.235 117.221 22.239
202212 22.241 117.650 23.207
202303 23.320 118.948 24.068
202306 24.761 120.278 25.272
202309 24.593 121.343 24.881
202312 25.921 121.300 26.234
202403 26.346 122.762 26.346

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.


Bancontander  (WAR:SAN) 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.


Bancontander Cyclically Adjusted PB Ratio Related Terms

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


Bancontander (WAR:SAN) Business Description

Address
Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660
Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's U.K. presence is the result of its acquisition of Abbey building society. In the U.S., Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.