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PT Bank Maybank Indonesia Tbk (ISX:BNII) Cyclically Adjusted Book per Share : Rp354.94 (As of Mar. 2024)


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What is PT Bank Maybank Indonesia Tbk 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.

PT Bank Maybank Indonesia Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp393.051. 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 Rp354.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Bank Maybank Indonesia Tbk's average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.30% 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 PT Bank Maybank Indonesia Tbk was 8.10% per year. The lowest was 7.30% per year. And the median was 7.70% per year.

As of today (2024-05-15), PT Bank Maybank Indonesia Tbk's current stock price is Rp226.00. PT Bank Maybank Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp354.94. PT Bank Maybank Indonesia Tbk's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Bank Maybank Indonesia Tbk was 1.53. The lowest was 0.48. And the median was 0.82.


PT Bank Maybank Indonesia Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Bank Maybank Indonesia Tbk'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.

PT Bank Maybank Indonesia Tbk Cyclically Adjusted Book per Share Chart

PT Bank Maybank Indonesia Tbk 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 262.93 285.36 300.26 331.93 352.11

PT Bank Maybank Indonesia Tbk 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 337.52 342.84 347.12 352.11 354.94

Competitive Comparison of PT Bank Maybank Indonesia Tbk's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PT Bank Maybank Indonesia Tbk'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.


PT Bank Maybank Indonesia Tbk's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Maybank Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Maybank Indonesia Tbk's Cyclically Adjusted PB Ratio falls into.



PT Bank Maybank Indonesia Tbk 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, PT Bank Maybank Indonesia Tbk'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)
=393.051/128.8650*128.8650
=393.051

Current CPI (Mar. 2024) = 128.8650.

PT Bank Maybank Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 203.317 93.015 281.680
201409 202.771 94.576 276.287
201412 209.841 98.819 273.642
201503 214.015 98.388 280.310
201506 216.778 99.766 280.006
201509 219.334 101.037 279.745
201512 227.646 102.133 287.230
201603 257.363 102.764 322.731
201606 263.021 103.212 328.393
201609 268.924 104.142 332.764
201612 279.186 105.222 341.918
201703 280.646 106.476 339.659
201706 288.213 107.722 344.783
201709 294.633 108.020 351.488
201712 300.439 109.017 355.138
201803 306.971 110.097 359.301
201806 300.565 111.085 348.674
201809 308.202 111.135 357.373
201812 324.315 112.430 371.724
201903 323.680 112.829 369.685
201906 329.483 114.730 370.075
201909 334.076 114.905 374.665
201912 344.412 115.486 384.312
202003 331.291 116.252 367.234
202006 339.418 116.630 375.025
202009 344.543 116.397 381.450
202012 353.684 117.318 388.495
202103 351.079 117.840 383.926
202106 354.139 118.184 386.145
202109 361.895 118.262 394.342
202112 373.400 119.516 402.608
202203 367.696 120.948 391.764
202206 368.205 123.324 384.749
202209 372.066 125.300 382.652
202212 381.197 126.099 389.558
202303 381.156 126.954 386.894
202306 387.708 127.666 391.349
202309 387.468 128.155 389.616
202312 397.012 128.865 397.012
202403 393.051 128.865 393.051

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


PT Bank Maybank Indonesia Tbk  (ISX:BNII) 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.

PT Bank Maybank Indonesia Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=226.00/354.94
=0.64

* 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 PT Bank Maybank Indonesia Tbk was 1.53. The lowest was 0.48. And the median was 0.82.


Be Aware

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


PT Bank Maybank Indonesia Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Bank Maybank Indonesia Tbk (ISX:BNII) Business Description

Traded in Other Exchanges
Address
Jalan Asia Afrika Number 8, Sentral Senayan III, Gelora Bung Karno, Jakarta Pusat, Jakarta, IDN, 10270
PT Bank Maybank Indonesia Tbk is an Indonesia-based company primarily engaged in the banking sector. It provides commercial banking services to individuals and corporations. The company's operating segment includes Global Banking; Business Banking and Retail. It generates maximum revenue from the Global Banking segment.

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