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UBS Group AG (CHIX:UBSGZ) Cyclically Adjusted Book per Share : CHF16.53 (As of Mar. 2024)


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What is UBS Group 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.

UBS Group AG's adjusted book value per share for the three months ended in Mar. 2024 was CHF23.628. 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 CHF16.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, UBS Group AG's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.40% 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 UBS Group AG was 5.30% per year. The lowest was -13.70% per year. And the median was -8.20% per year.

As of today (2024-05-24), UBS Group AG's current stock price is CHF27.90. UBS Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was CHF16.53. UBS Group AG's Cyclically Adjusted PB Ratio of today is 1.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UBS Group AG was 1.74. The lowest was 0.59. And the median was 1.04.


UBS Group AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for UBS Group 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.

UBS Group AG Cyclically Adjusted Book per Share Chart

UBS Group 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 - - - - 16.19

UBS Group 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 15.36 15.69 15.94 16.19 16.53

Competitive Comparison of UBS Group AG's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, UBS Group 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.


UBS Group AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



UBS Group 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, UBS Group 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)
=23.628/107.3549*107.3549
=23.628

Current CPI (Mar. 2024) = 107.3549.

UBS Group AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.266 101.517 14.029
201409 13.339 101.247 14.144
201412 13.754 100.704 14.662
201503 14.508 100.339 15.522
201506 13.792 100.464 14.738
201509 14.427 99.785 15.521
201512 14.845 99.386 16.035
201603 14.986 99.475 16.173
201606 14.117 100.088 15.142
201609 14.460 99.604 15.585
201612 14.531 99.380 15.697
201703 14.462 100.040 15.519
201706 14.105 100.285 15.099
201709 14.206 100.254 15.212
201712 13.925 100.213 14.917
201803 13.545 100.836 14.421
201806 13.510 101.435 14.298
201809 13.537 101.246 14.354
201812 14.230 100.906 15.139
201903 14.461 101.571 15.285
201906 14.356 102.044 15.103
201909 15.328 101.396 16.229
201912 14.810 101.063 15.732
202003 15.510 101.048 16.478
202006 15.125 100.743 16.118
202009 15.160 100.585 16.180
202012 14.870 100.241 15.925
202103 15.314 100.800 16.310
202106 15.345 101.352 16.254
202109 16.128 101.533 17.053
202112 16.434 101.776 17.335
202203 16.333 103.205 16.990
202206 16.931 104.783 17.347
202209 17.053 104.835 17.463
202212 17.050 104.666 17.488
202303 17.209 106.245 17.389
202306 24.269 106.576 24.446
202309 23.610 106.570 23.784
202312 23.207 106.461 23.402
202403 23.628 107.355 23.628

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


UBS Group AG  (CHIX:UBSGz) 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.

UBS Group AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.90/16.53
=1.69

* 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 UBS Group AG was 1.74. The lowest was 0.59. And the median was 1.04.


Be Aware

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


UBS Group AG Cyclically Adjusted Book per Share Related Terms

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


UBS Group AG (CHIX:UBSGZ) Business Description

Industry
Address
Bahnhofstrasse 45, Zurich, CHE, CH-8001
The core of UBS is its global wealth management business focusing on high and ultra-high-net-worth individuals. UBS is also a conventional retail and commercial bank in its Swiss home market. Its investment bank and asset management businesses support its wealth management operations, but also leverage its strength in wealth management to serve third-party clients.

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