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BNP Paribas (BNP Paribas) Cyclically Adjusted Book per Share : $52.92 (As of Mar. 2024)


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What is BNP Paribas 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.

BNP Paribas's adjusted book value per share for the three months ended in Mar. 2024 was $59.684. 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 $52.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BNP Paribas's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% 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 BNP Paribas was 6.40% per year. The lowest was 3.80% per year. And the median was 5.10% per year.

As of today (2024-05-25), BNP Paribas's current stock price is $36.51. BNP Paribas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $52.92. BNP Paribas's Cyclically Adjusted PB Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BNP Paribas was 0.88. The lowest was 0.32. And the median was 0.61.


BNP Paribas Cyclically Adjusted Book per Share Historical Data

The historical data trend for BNP Paribas'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.

BNP Paribas Cyclically Adjusted Book per Share Chart

BNP Paribas 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 43.79 49.19 47.95 48.35 53.31

BNP Paribas 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 50.26 51.66 50.09 53.31 52.92

Competitive Comparison of BNP Paribas's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, BNP Paribas'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.


BNP Paribas's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



BNP Paribas 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, BNP Paribas'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)
=59.684/119.4700*119.4700
=59.684

Current CPI (Mar. 2024) = 119.4700.

BNP Paribas Quarterly Data

Book Value per Share CPI Adj_Book
201406 46.200 100.180 55.096
201409 45.295 99.920 54.157
201412 44.265 99.860 52.958
201503 40.790 100.170 48.649
201506 41.574 100.440 49.451
201509 42.797 99.950 51.155
201512 42.118 100.040 50.298
201603 44.076 100.020 52.647
201606 43.983 100.630 52.218
201609 44.528 100.340 53.017
201612 42.607 100.650 50.574
201703 43.844 101.170 51.775
201706 44.747 101.320 52.763
201709 48.089 101.330 56.698
201712 47.133 101.850 55.287
201803 49.499 102.750 57.554
201806 46.182 103.370 53.375
201809 46.691 103.560 53.864
201812 46.263 103.470 53.417
201903 47.725 103.890 54.882
201906 47.187 104.580 53.905
201909 47.327 104.500 54.107
201912 47.879 104.980 54.488
202003 48.232 104.590 55.094
202006 50.302 104.790 57.349
202009 52.763 104.550 60.293
202012 54.974 104.960 62.574
202103 54.228 105.750 61.264
202106 55.953 106.340 62.862
202109 54.720 106.810 61.206
202112 54.002 107.850 59.820
202203 53.142 110.490 57.461
202206 49.729 112.550 52.787
202209 48.463 112.740 51.356
202212 52.061 114.160 54.483
202303 55.247 116.790 56.515
202306 55.812 117.650 56.675
202309 56.640 118.260 57.220
202312 58.800 118.390 59.336
202403 59.684 119.470 59.684

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


BNP Paribas  (OTCPK:BNPQY) 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.

BNP Paribas's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=36.51/52.92
=0.69

* 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 BNP Paribas was 0.88. The lowest was 0.32. And the median was 0.61.


Be Aware

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


BNP Paribas Cyclically Adjusted Book per Share Related Terms

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


BNP Paribas (BNP Paribas) Business Description

Industry
Address
16, Boulevard Des Italiens, Paris, FRA, 75009
The merger of Banque Nationale de Paris and Paribas created BNP Paribas in 2000, making it the largest publicly traded bank in France. Although BNP Paribas has operations in about 80 countries, it considers France, Italy, and Belgium to be its home markets.