GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial Bank of Korea (XKRX:024110) » Definitions » Cyclically Adjusted PB Ratio

Industrial Bank of Korea (XKRX:024110) Cyclically Adjusted PB Ratio : 0.35 (As of Jun. 07, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Industrial Bank of Korea Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Industrial Bank of Korea's current share price is ₩13440.00. Industrial Bank of Korea's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩38,110.40. Industrial Bank of Korea's Cyclically Adjusted PB Ratio for today is 0.35.

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

XKRX:024110' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.33   Max: 0.68
Current: 0.35

During the past years, Industrial Bank of Korea's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.22. And the median was 0.33.

XKRX:024110's Cyclically Adjusted PB Ratio is ranked better than
89.84% of 1191 companies
in the Banks industry
Industry Median: 0.91 vs XKRX:024110: 0.35

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.

Industrial Bank of Korea's adjusted book value per share data for the three months ended in Mar. 2024 was ₩39,635.836. 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 ₩38,110.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Industrial Bank of Korea Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Industrial Bank of Korea'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.

Industrial Bank of Korea Cyclically Adjusted PB Ratio Chart

Industrial Bank of Korea 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 0.40 0.28 0.31 0.27 0.31

Industrial Bank of Korea 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 0.28 0.28 0.30 0.31 0.35

Competitive Comparison of Industrial Bank of Korea's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Industrial Bank of Korea'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.


Industrial Bank of Korea's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Industrial Bank of Korea 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.

Industrial Bank of Korea's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13440.00/38110.4
=0.35

* 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.

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

For example, Industrial Bank of Korea'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)
=39635.836/118.8477*118.8477
=39,635.836

Current CPI (Mar. 2024) = 118.8477.

Industrial Bank of Korea Quarterly Data

Book Value per Share CPI Adj_Book
201406 26,509.141 99.353 31,710.672
201409 27,125.128 99.608 32,364.459
201412 27,245.059 99.098 32,674.853
201503 28,322.641 99.720 33,755.322
201506 28,874.738 100.050 34,299.812
201509 29,905.083 100.110 35,502.451
201512 30,037.938 100.220 35,621.032
201603 30,097.482 100.560 35,570.968
201606 30,977.790 100.790 36,527.821
201609 31,712.225 101.460 37,146.905
201612 31,179.932 101.560 36,487.428
201703 31,806.125 102.850 36,753.377
201706 32,769.193 102.610 37,954.812
201709 33,934.399 103.490 38,970.193
201712 34,300.417 102.990 39,581.762
201803 34,475.623 104.100 39,359.736
201806 35,308.704 104.130 40,299.225
201809 36,136.502 105.650 40,650.640
201812 36,596.113 104.350 41,680.535
201903 36,911.287 104.490 41,983.171
201906 37,702.355 104.880 42,723.476
201909 38,370.482 105.200 43,348.323
201912 38,415.802 105.120 43,432.551
202003 38,920.673 105.540 43,828.240
202006 34,846.876 104.870 39,491.476
202009 33,106.456 106.200 37,049.210
202012 33,206.425 105.765 37,313.783
202103 34,067.592 107.357 37,713.865
202106 34,662.020 107.579 38,292.944
202109 35,395.391 108.759 38,678.666
202112 36,137.955 109.676 39,159.863
202203 35,594.597 111.806 37,836.463
202206 35,861.981 114.083 37,359.830
202209 36,991.084 114.831 38,284.904
202212 36,203.472 115.200 37,349.756
202303 36,952.772 116.550 37,681.399
202306 37,948.047 117.140 38,501.297
202309 38,506.924 119.111 38,421.738
202312 39,417.263 118.848 39,417.263
202403 39,635.836 118.848 39,635.836

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.


Industrial Bank of Korea  (XKRX:024110) 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.


Industrial Bank of Korea Cyclically Adjusted PB Ratio Related Terms

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


Industrial Bank of Korea (XKRX:024110) Business Description

Traded in Other Exchanges
N/A
Address
50 Euljiro 2-Ga, Joong-Gu, Seoul, KOR, 100-758
Industrial Bank of Korea is a financial institution domiciled in Korea. The company principally earns revenue from interest income. The bank organises itself into seven segments: retail, corporate, money market, investment banking, credit card, foreign exchange, and others. Corporate banking operations represent more than half consolidated revenue, with retail banking operations the next most significant segment. The vast majority of revenue is derived domestically. The Republic of Korea is a majority shareholder in Industrial Bank of Korea.

Industrial Bank of Korea (XKRX:024110) Headlines

No Headlines