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Peapack Gladstone Financial (FRA:45V) Cyclically Adjusted Book per Share : €25.68 (As of Mar. 2024)


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What is Peapack Gladstone Financial 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.

Peapack Gladstone Financial's adjusted book value per share for the three months ended in Mar. 2024 was €30.166. 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 €25.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Peapack Gladstone Financial's average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 Peapack Gladstone Financial was 11.90% per year. The lowest was 2.80% per year. And the median was 5.80% per year.

As of today (2024-06-07), Peapack Gladstone Financial's current stock price is €19.40. Peapack Gladstone Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €25.68. Peapack Gladstone Financial's Cyclically Adjusted PB Ratio of today is 0.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Peapack Gladstone Financial was 2.45. The lowest was 0.74. And the median was 1.52.


Peapack Gladstone Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Peapack Gladstone 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.

* Premium members only.

Peapack Gladstone Financial Cyclically Adjusted Book per Share Chart

Peapack Gladstone 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 Premium Member Only Premium Member Only - 15.80 20.12 23.45 24.96

Peapack Gladstone Financial 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 23.47 24.50 25.34 24.96 25.68

Competitive Comparison of Peapack Gladstone Financial's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Peapack Gladstone 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.


Peapack Gladstone Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Peapack Gladstone Financial's Cyclically Adjusted PB Ratio falls into.



Peapack Gladstone Financial 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, Peapack Gladstone Financial'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)
=30.166/131.7762*131.7762
=30.166

Current CPI (Mar. 2024) = 131.7762.

Peapack Gladstone Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.041 100.560 14.468
201409 11.878 100.428 15.586
201412 12.964 99.070 17.244
201503 14.922 99.621 19.738
201506 14.736 100.684 19.287
201509 15.017 100.392 19.712
201512 15.750 99.792 20.798
201603 15.593 100.470 20.452
201606 16.090 101.688 20.851
201609 16.250 101.861 21.022
201612 17.809 101.863 23.039
201703 18.133 102.862 23.230
201706 17.796 103.349 22.691
201709 17.500 104.136 22.145
201712 18.320 104.011 23.210
201803 18.105 105.290 22.660
201806 19.681 106.317 24.394
201809 20.280 106.507 25.092
201812 21.319 105.998 26.504
201903 21.913 107.251 26.924
201906 22.465 108.070 27.393
201909 23.674 108.329 28.798
201912 23.949 108.420 29.108
202003 23.831 108.902 28.837
202006 23.861 108.767 28.909
202009 23.450 109.815 28.140
202012 22.835 109.897 27.381
202103 23.055 111.754 27.186
202106 23.735 114.631 27.285
202109 24.778 115.734 28.212
202112 26.289 117.630 29.451
202203 25.872 121.301 28.106
202206 27.060 125.017 28.523
202209 29.054 125.227 30.574
202212 28.245 125.222 29.723
202303 28.773 127.348 29.774
202306 29.157 128.729 29.847
202309 29.396 129.860 29.830
202312 30.172 129.419 30.721
202403 30.166 131.776 30.166

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


Peapack Gladstone Financial  (FRA:45V) 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.

Peapack Gladstone Financial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.40/25.68
=0.76

* 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 Peapack Gladstone Financial was 2.45. The lowest was 0.74. And the median was 1.52.


Be Aware

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


Peapack Gladstone Financial Cyclically Adjusted Book per Share Related Terms

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


Peapack Gladstone Financial (FRA:45V) Business Description

Traded in Other Exchanges
Address
500 Hills Drive, Suite 300, Bedminster, NJ, USA, 07921
Peapack Gladstone Financial Corp provides banking services. It operates through two segments namely Banking, which involves the delivery of loans and deposits, and Peapack Private Division which includes asset management services. The banking segment includes commercial real estate, multifamily, residential and consumer lending, deposit generation, and internet banking services. Peapack Private includes asset management services for individuals and institutions; personal trust services, administrator, custodian and guardian, and other financial planning and advisory services.

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