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Credito Emiliano (Credito Emiliano) Cyclically Adjusted Book per Share : $9.36 (As of Mar. 2024)


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What is Credito Emiliano 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.

Credito Emiliano's adjusted book value per share for the three months ended in Mar. 2024 was $12.208. 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 $9.36 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Credito Emiliano's average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.20% 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 Credito Emiliano was 7.80% per year. The lowest was 3.20% per year. And the median was 5.90% per year.

As of today (2024-05-29), Credito Emiliano's current stock price is $8.90. Credito Emiliano's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.36. Credito Emiliano's Cyclically Adjusted PB Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Credito Emiliano was 1.12. The lowest was 0.45. And the median was 0.71.


Credito Emiliano Cyclically Adjusted Book per Share Historical Data

The historical data trend for Credito Emiliano'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.

Credito Emiliano Cyclically Adjusted Book per Share Chart

Credito Emiliano 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 8.22 9.77 9.70 7.95 10.66

Credito Emiliano 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 10.88 10.57 9.89 10.66 9.36

Competitive Comparison of Credito Emiliano's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Credito Emiliano'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.


Credito Emiliano's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Credito Emiliano 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, Credito Emiliano'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)
=12.208/120.2000*120.2000
=12.208

Current CPI (Mar. 2024) = 120.2000.

Credito Emiliano Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.447 100.093 11.345
201409 9.142 99.814 11.009
201412 8.842 99.721 10.658
201503 7.837 99.814 9.438
201506 8.041 100.279 9.638
201509 8.195 100.000 9.850
201512 8.164 99.814 9.831
201603 8.231 99.600 9.933
201606 8.219 99.900 9.889
201609 8.364 100.100 10.043
201612 7.887 100.300 9.452
201703 7.875 101.000 9.372
201706 8.566 101.100 10.184
201709 9.291 101.200 11.035
201712 9.477 101.200 11.256
201803 9.667 101.800 11.414
201806 8.830 102.400 10.365
201809 8.945 102.600 10.479
201812 8.836 102.300 10.382
201903 8.893 102.800 10.398
201906 9.286 103.100 10.826
201909 9.460 102.900 11.050
201912 9.699 102.800 11.341
202003 9.300 102.900 10.864
202006 9.967 102.900 11.643
202009 10.812 102.300 12.704
202012 11.524 102.600 13.501
202103 11.235 103.700 13.023
202106 11.630 104.200 13.416
202109 12.039 104.900 13.795
202112 11.481 106.600 12.946
202203 10.549 110.400 11.485
202206 9.720 112.500 10.385
202209 9.126 114.200 9.605
202212 10.483 119.000 10.589
202303 10.715 118.800 10.841
202306 11.430 119.700 11.478
202309 11.714 120.300 11.704
202312 12.410 119.700 12.462
202403 12.208 120.200 12.208

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


Credito Emiliano  (GREY:CDEFF) 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.

Credito Emiliano's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.90/9.36
=0.95

* 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 Credito Emiliano was 1.12. The lowest was 0.45. And the median was 0.71.


Be Aware

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


Credito Emiliano Cyclically Adjusted Book per Share Related Terms

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


Credito Emiliano (Credito Emiliano) Business Description

Industry
Traded in Other Exchanges
Address
Via Emilia San Pietro No. 4, Reggio Emilia, ITA, 42100
Credito Emiliano is a banking group that consists of several financial services companies. The group operates in multiple regions throughout Italy, particularly in the north and central portions of the country. Its activities principally include commercial banking, including retail services and small and medium enterprise banking, asset management, bancassurance as well as Trading services, and treasury. The group's distribution network targeting retail and corporate banking customers includes branches, business centers, and financial outlets. Its wealth management activities include mutual fund management, portfolio management, as well as private equity and hedge fund offerings. The bank's funding sources derive from direct bank deposits, insurance reserves, and assets under management.

Credito Emiliano (Credito Emiliano) Headlines

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