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Erste Group Bank AG. (Erste Group Bank AG.) Cyclically Adjusted Book per Share : $24.38 (As of Mar. 2024)


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What is Erste Group Bank AG. Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Erste Group Bank AG.'s adjusted book value per share for the three months ended in Mar. 2024 was $30.322. 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 $24.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Erste Group Bank AG.'s average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Erste Group Bank AG. was 8.10% per year. The lowest was 1.80% per year. And the median was 3.90% per year.

As of today (2024-06-06), Erste Group Bank AG.'s current stock price is $24.90. Erste Group Bank AG.'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $24.38. Erste Group Bank AG.'s Cyclically Adjusted PB Ratio of today is 1.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Erste Group Bank AG. was 1.28. The lowest was 0.44. And the median was 0.89.


Erste Group Bank AG. Cyclically Adjusted Book per Share Historical Data

The historical data trend for Erste Group Bank AG.'s Cyclically Adjusted Book per Share 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.

Erste Group Bank AG. Cyclically Adjusted Book per Share Chart

Erste Group Bank AG. Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.48 21.22 21.21 21.78 24.56

Erste Group Bank AG. Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 22.54 23.20 22.76 24.56 24.38

Competitive Comparison of Erste Group Bank AG.'s Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Erste Group Bank AG.'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.


Erste Group Bank AG.'s Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Erste Group Bank AG.'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Erste Group Bank AG.'s Cyclically Adjusted PB Ratio falls into.



Erste Group Bank AG. Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Erste Group Bank AG.'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)
=30.322/133.7589*133.7589
=30.322

Current CPI (Mar. 2024) = 133.7589.

Erste Group Bank AG. Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.026 99.496 22.889
201409 15.365 99.586 20.638
201412 14.797 99.676 19.857
201503 13.515 99.992 18.079
201506 14.114 100.492 18.786
201509 14.630 100.292 19.512
201512 14.605 100.692 19.401
201603 15.365 100.692 20.411
201606 16.498 101.092 21.829
201609 17.086 101.192 22.585
201612 16.048 102.092 21.026
201703 16.565 102.592 21.597
201706 18.179 102.991 23.610
201709 19.794 103.591 25.558
201712 20.059 104.291 25.727
201803 20.555 104.491 26.312
201806 18.976 105.091 24.152
201809 19.768 105.691 25.018
201812 20.011 106.291 25.182
201903 20.964 106.391 26.357
201906 20.773 106.791 26.019
201909 20.766 106.991 25.961
201912 21.262 108.091 26.311
202003 21.948 108.024 27.177
202006 22.452 107.915 27.829
202009 23.836 108.348 29.426
202012 26.009 109.321 31.823
202103 25.850 110.186 31.380
202106 26.875 110.943 32.402
202109 26.833 111.916 32.070
202112 25.079 113.971 29.433
202203 25.154 117.647 28.599
202206 23.825 120.567 26.432
202209 22.803 123.811 24.635
202212 25.168 125.541 26.816
202303 26.699 128.460 27.800
202306 27.004 130.191 27.744
202309 27.800 131.272 28.327
202312 28.989 132.570 29.249
202403 30.322 133.759 30.322

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Erste Group Bank AG.  (OTCPK:EBKDY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Erste Group Bank AG.'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.90/24.38
=1.02

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Erste Group Bank AG. was 1.28. The lowest was 0.44. And the median was 0.89.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Erste Group Bank AG. Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Erste Group Bank AG.'s Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Erste Group Bank AG. (Erste Group Bank AG.) Business Description

Industry
Address
Am Belvedere 1, Vienna, AUT, A-1100
Erste Group Bank AG. is a financial services provider. Its banking operations is the retail and corporate customer business in the eastern part of the European Union, including Austria. The geographical areas consist of two core markets, Austria and Central and Eastern Europe and a residual segment Other comprises the remaining business activities of the bank outside its core markets as well as the reconciliation to the consolidated accounting result. The company's operating segment include Retail; Corporates; Group Markets; Asset/Liability Management and Local Corporate Center; Savings Banks and Group Corporate Center.

Erste Group Bank AG. (Erste Group Bank AG.) Headlines

From GuruFocus

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