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City Holding Co (City Holding Co) Cyclically Adjusted PB Ratio : 2.49 (As of Apr. 27, 2024)


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What is City Holding Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), City Holding Co's current share price is $104.11. City Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $41.78. City Holding Co's Cyclically Adjusted PB Ratio for today is 2.49.

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

CHCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.85   Med: 2.28   Max: 3.12
Current: 2.52

During the past years, City Holding Co's highest Cyclically Adjusted PB Ratio was 3.12. The lowest was 1.85. And the median was 2.28.

CHCO's Cyclically Adjusted PB Ratio is ranked worse than
91.72% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs CHCO: 2.52

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.

City Holding Co's adjusted book value per share data for the three months ended in Dec. 2023 was $45.650. 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 $41.78 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


City Holding Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for City Holding Co'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.

City Holding Co Cyclically Adjusted PB Ratio Chart

City Holding Co 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 2.80 2.20 2.28 2.37 2.64

City Holding Co 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 2.26 2.19 2.17 2.64 -

Competitive Comparison of City Holding Co's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, City Holding Co'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.


City Holding Co's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



City Holding Co 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.

City Holding Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=104.11/41.78
=2.49

* 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.

City Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, City Holding Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=45.65/129.4194*129.4194
=45.650

Current CPI (Dec. 2023) = 129.4194.

City Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 25.048 99.695 32.516
201406 25.453 100.560 32.758
201409 25.522 100.428 32.890
201412 25.793 99.070 33.695
201503 26.626 99.621 34.590
201506 26.919 100.684 34.602
201509 27.336 100.392 35.240
201512 27.620 99.792 35.820
201603 27.928 100.470 35.975
201606 28.547 101.688 36.332
201609 28.972 101.861 36.810
201612 29.246 101.863 37.158
201703 30.903 102.862 38.882
201706 31.536 103.349 39.491
201709 32.035 104.136 39.813
201712 32.175 104.011 40.035
201803 31.858 105.290 39.159
201806 32.600 106.317 39.684
201809 33.142 106.507 40.272
201812 36.289 105.998 44.307
201903 37.566 107.251 45.331
201906 38.842 108.070 46.516
201909 39.848 108.329 47.606
201912 40.359 108.420 48.176
202003 42.454 108.902 50.453
202006 43.153 108.767 51.347
202009 43.624 109.815 51.412
202012 44.465 109.897 52.364
202103 43.990 111.754 50.943
202106 44.791 114.631 50.569
202109 44.584 115.734 49.856
202112 45.220 117.630 49.752
202203 42.034 121.301 44.847
202206 39.827 125.017 41.230
202209 36.908 125.227 38.144
202212 39.075 125.222 40.385
202303 42.664 127.348 43.358
202306 42.393 128.729 42.620
202309 40.945 129.860 40.806
202312 45.650 129.419 45.650

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.


City Holding Co  (NAS:CHCO) 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.


City Holding Co Cyclically Adjusted PB Ratio Related Terms

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


City Holding Co (City Holding Co) Business Description

Industry
Traded in Other Exchanges
N/A
Address
25 Gatewater Road, P.O. Box 7520, Charleston, WV, USA, 25313
City Holding Co is a financial holding company. It provides banking, trust and investment management and other financial solutions through its network of banking offices located in the states of West Virginia, Virginia, southeastern Ohio and Kentucky. It offers various products and services such as overdraft facilities, saving accounts, credit card and debit cards, loans for various purposes, investment advisory, securities brokerage, insurance, technology products, and others. These products and services are provided to commercial banking, consumer banking, mortgage banking, wealth management and trust services.
Executives
David L Bumgarner officer: SVP & Chief Financial Officer 214 BENT TREE ESTATES, SCOTT DEPOT WV 25560
J. Thomas Jones director ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Hylton Tracy W Ii director PO BOX 1109, BECKLEY WV 25802-1109
Robert D Fisher director
Sharon Horton Rowe director 25 GATEWATER ROAD, CROSS LANES WV 25313
Quinlan Michael T Jr officer: SVP, Branch Banking 209 PARKVIEW DRIVE, ST ALBANS WV 25177
Gregory A Burton director 4504 WASHINGTON AVENUE SE, CHARLESTON WV 25304
Charles R Hageboeck director, officer: President & CEO
John A Derito officer: EVP, Commercial Banking 6 FOXCHASE ROAD, CHARLESTON WV 25304
Jeffrey Dale Legge officer: SVP, CAO & CIO 634 RIDGEWOOD ROAD, HUNTINGTON WV 25701
Javier A Reyes director 65 FALLING WATER LANE, MORGANTOWN WV 26508
Craig G Stilwell officer: EVP Retail Banking
Diane W Strong-treister director 503 PENNSYLVANIA AVENUE, CHARLESTON WV 25302
James L Rossi director
Charles W Fairchilds director C/O COMMUNITY FINANCIAL CORP, 38 NORTH CENTRAL AVENUE, STAUNTON VA 24401

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