BANX has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
BANX has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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.
ArrowMark Financial's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was $21.432. 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 $25.47 for the trailing ten years ended in Dec. 2023.
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.
As of today (2024-10-31), ArrowMark Financial's current stock price is $ 20.65. ArrowMark Financial's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was $25.47. ArrowMark Financial's Cyclically Adjusted PB Ratio of today is 0.81.
During the past 11 years, the highest Cyclically Adjusted PB Ratio of ArrowMark Financial was 0.83. The lowest was 0.58. And the median was 0.72.
The historical data trend for ArrowMark Financial'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.
ArrowMark Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cyclically Adjusted Book per Share | Get a 7-Day Free Trial | - | - | - | 25.50 | 25.47 |
ArrowMark Financial Semi-Annual Data | ||||||||||||||||||||
Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | |
Cyclically Adjusted Book per Share | Get a 7-Day Free Trial | - | 25.50 | - | 25.47 | - |
For the Asset Management subindustry, ArrowMark Financial'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.
For the Asset Management industry and Financial Services sector, ArrowMark Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where ArrowMark Financial's Cyclically Adjusted PB Ratio falls into.
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, ArrowMark Financial's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:
Adj_Book | = | Book Value per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 21.432 | / | 129.4194 | * | 129.4194 | |
= | 21.432 |
Current CPI (Dec. 2023) = 129.4194.
ArrowMark Financial Annual Data
Book Value per Share | CPI | Adj_Book | |
201412 | 21.863 | 99.070 | 28.561 |
201512 | 21.621 | 99.792 | 28.040 |
201612 | 21.224 | 101.863 | 26.966 |
201712 | 21.560 | 104.011 | 26.827 |
201812 | 21.432 | 105.998 | 26.168 |
201912 | 21.832 | 108.420 | 26.061 |
202012 | 21.444 | 109.897 | 25.253 |
202112 | 21.695 | 117.630 | 23.869 |
202212 | 20.789 | 125.222 | 21.486 |
202312 | 21.432 | 129.419 | 21.432 |
Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.
ArrowMark Financial (NAS:BANX) 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.
ArrowMark Financial's Cyclically Adjusted PB Ratio of today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 20.65 | / | 25.47 | |
= | 0.81 |
* 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 11 years, the highest Cyclically Adjusted PB Ratio of ArrowMark Financial was 0.83. The lowest was 0.58. And the median was 0.72.
Be Aware
Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.
Thank you for viewing the detailed overview of ArrowMark Financial's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick Joseph Farrell | officer: Chief Financial Officer | 152 WEST 57TH STREET, NEW YORK NY 10019 |
Dana Staggs | officer: President | C/O ARROWMARK FINANCIAL CORP., 340 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10173 |
John Scott Emrich | director | C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070 |
Guy M Arnold | director | 518 17TH STREET, STE 1700, DENVER CO 80202 |
Sanjai Bhonsle | director, officer: CEO | C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
Richard Allen Grove | officer: Chief Compliance Officer | 518 17TH STREET, 17TH FLOOR, DENVER CO 80202 |
Michael Stolper | director | C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
Karen Reidy | director | C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
Praag Michael Van | director | C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
S David Lentinello | officer: Controller | 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
Joshua S. Siegel | director, 10 percent owner, officer: Chief Executive Officer | 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
Clara Miller | director | STONECASTLE FINANCIAL CORP, 152 WEST 57TH STREET, 35TH FL., NEW YORK NY 10019 |
George Shilowitz | director, 10 percent owner, officer: President | 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
Emil Henry | director | HENRY, TIGER LLC, 717 5TH AVE, FLOOR 12-A, NEW YORK NY 10022 |
Rachel Schatten | officer: See Remarks | 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019 |
From GuruFocus
By GuruFocus Research • 02-06-2024
By GuruFocus Research • 02-06-2024
By Marketwired • 06-18-2024
By Marketwired • 06-14-2024
By GlobeNewswire • 09-17-2024
By GuruFocus Research • 02-06-2024
By GlobeNewswire • 07-11-2024
By GuruFocus Research • 02-06-2024
By GuruFocus Research • 02-06-2024
By GlobeNewswire • 09-16-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.