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CSB Bancorp (CSB Bancorp) Cyclically Adjusted Book per Share : $34.80 (As of Mar. 2024)


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What is CSB Bancorp 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.

CSB Bancorp's adjusted book value per share for the three months ended in Mar. 2024 was $41.114. 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 $34.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CSB Bancorp's average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.10% 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 CSB Bancorp was 10.10% per year. The lowest was 2.30% per year. And the median was 5.30% per year.

As of today (2024-05-24), CSB Bancorp's current stock price is $38.82. CSB Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $34.80. CSB Bancorp's Cyclically Adjusted PB Ratio of today is 1.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CSB Bancorp was 2.04. The lowest was 1.07. And the median was 1.35.


CSB Bancorp Cyclically Adjusted Book per Share Historical Data

The historical data trend for CSB Bancorp'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.

CSB Bancorp Cyclically Adjusted Book per Share Chart

CSB Bancorp 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 23.72 25.33 28.51 31.42 33.80

CSB Bancorp 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 32.25 32.92 33.54 33.80 34.80

Competitive Comparison of CSB Bancorp's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, CSB Bancorp'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.


CSB Bancorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



CSB Bancorp 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, CSB Bancorp'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)
=41.114/131.7762*131.7762
=41.114

Current CPI (Mar. 2024) = 131.7762.

CSB Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.182 100.560 26.447
201409 20.549 100.428 26.963
201412 20.972 99.070 27.896
201503 21.461 99.621 28.388
201506 21.525 100.684 28.172
201509 22.087 100.392 28.992
201512 22.352 99.792 29.516
201603 22.900 100.470 30.035
201606 23.487 101.688 30.436
201609 23.977 101.861 31.019
201612 23.855 101.863 30.860
201703 24.406 102.862 31.266
201706 25.062 103.349 31.956
201709 25.468 104.136 32.228
201712 25.721 104.011 32.587
201803 25.898 105.290 32.413
201806 26.467 106.317 32.805
201809 26.940 106.507 33.332
201812 27.910 105.998 34.698
201903 28.797 107.251 35.382
201906 29.704 108.070 36.220
201909 30.490 108.329 37.089
201912 31.169 108.420 37.883
202003 31.954 108.902 38.666
202006 32.807 108.767 39.747
202009 33.494 109.815 40.192
202012 34.226 109.897 41.040
202103 33.944 111.754 40.025
202106 35.115 114.631 40.367
202109 35.622 115.734 40.560
202112 35.804 117.630 40.110
202203 34.925 121.301 37.941
202206 34.460 125.017 36.323
202209 33.972 125.227 35.749
202212 35.426 125.222 37.280
202303 36.934 127.348 38.218
202306 37.361 128.729 38.245
202309 37.963 129.860 38.523
202312 40.428 129.419 41.164
202403 41.114 131.776 41.114

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


CSB Bancorp  (OTCPK:CSBB) 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.

CSB Bancorp's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.82/34.8
=1.12

* 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 CSB Bancorp was 2.04. The lowest was 1.07. And the median was 1.35.


Be Aware

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


CSB Bancorp Cyclically Adjusted Book per Share Related Terms

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


CSB Bancorp (CSB Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
91 North Clay Street, P.O. Box 232, Millersburg, OH, USA, 44654
CSB Bancorp Inc is a registered financial holding company that operates through the Bank and CSB Investment Services LLC, providing a wide range of banking, trust, financial, and brokerage services to corporate, institutional, and individual customers throughout northeast Ohio. The Bank provides retail and commercial banking services to its customers, including checking and savings accounts, time deposits, IRAs, safe deposit facilities, personal loans, commercial loans, real estate mortgage loans, installment loans, night depository facilities, brokerage, and trust services. The Bank provides residential real estate, commercial real estate, and commercial, and consumer loans to customers located in Holmes, Stark, Tuscarawas, Wayne, and portions of surrounding counties in Ohio.
Executives
Eddie L Steiner director 14950 HACKETT ROAD, APPLE CREEK OH 44606
Brett A. Gallion officer: SVP/COO/CIO 91 N. CLAY STREET, MILLERSBURG OH 44654
Julian L Coblentz director 91 NORTH CLAY STREET, MILLERSBURG OH 44654
Vikki G Briggs director 91 N CLAY STREET, MILLERSBURG OH 44654
Robert K Baker director, other: Chairman of the Board P.O. BOX 913, KILLBUCK OH 44637
Cheryl M Kirkbride director 91 N CLAY STREET, MILLERSBURG OH 44654
Jeffery A Robb director 4700 JAEGER DR, THORNVILLE OH 43076
Daniel J Miller director P.O. BOX 143, WALNUT CREEK OH 44687
John R Waltman director 24 HILLSIDE DRIVE, MILLERSBURG OH 44654
Margaret L Conn officer: Corporate Secretary 105 MARK AVENUE, KILLBUCK OH 44637
Steven R Bailey officer: SVP/COO/CIO 91 NORTH CLAY STREET, MILLERSBURG OH 44654
J Thomas Lang director 7109 STATE ROUTE 514, BIG PRAIRIE OH 44611
Manning William R Jr officer: SVP/COO/CIO 91 NORTH CLAY STREET, MILLERSBURG OH 44654
Paula J Meiler officer: Senior Vice President 30186 MOUNTZ RD, SALEM OH 44460
A Lee Miller officer: Senior Vice President 5046 TOWNSHIP ROAD 376, MILLERSBURG OH 44654

CSB Bancorp (CSB Bancorp) Headlines