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Habib Bank (KAR:HBL) Cyclically Adjusted Book per Share : ₨184.22 (As of Mar. 2024)


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What is Habib Bank 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.

Habib Bank's adjusted book value per share for the three months ended in Mar. 2024 was ₨250.637. 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 ₨184.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Habib Bank's average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.70% 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 Habib Bank was 11.70% per year. The lowest was 11.70% per year. And the median was 11.70% per year.

As of today (2024-06-08), Habib Bank's current stock price is ₨106.85. Habib Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨184.22. Habib Bank's Cyclically Adjusted PB Ratio of today is 0.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Habib Bank was 1.12. The lowest was 0.38. And the median was 0.63.


Habib Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Habib Bank'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.

Habib Bank Cyclically Adjusted Book per Share Chart

Habib Bank 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 - 127.51 148.25 162.13 177.93

Habib Bank 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 167.00 171.29 175.49 177.93 184.22

Competitive Comparison of Habib Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Habib Bank'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.


Habib Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Habib Bank 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, Habib Bank'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)
=250.637/131.7762*131.7762
=250.637

Current CPI (Mar. 2024) = 131.7762.

Habib Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 100.472 100.560 131.662
201409 103.714 100.428 136.088
201412 114.811 99.070 152.714
201503 119.365 99.621 157.893
201506 120.348 100.684 157.513
201509 121.929 100.392 160.047
201512 123.340 99.792 162.871
201603 128.700 100.470 168.802
201606 130.972 101.688 169.725
201609 132.139 101.861 170.946
201612 131.452 101.863 170.055
201703 133.304 102.862 170.775
201706 133.915 103.349 170.750
201709 116.877 104.136 147.900
201712 126.301 104.011 160.016
201803 131.168 105.290 164.165
201806 131.100 106.317 162.494
201809 130.431 106.507 161.377
201812 133.103 105.998 165.473
201903 136.312 107.251 167.483
201906 139.955 108.070 170.656
201909 142.572 108.329 173.430
201912 150.223 108.420 182.584
202003 157.698 108.902 190.822
202006 170.517 108.767 206.589
202009 172.569 109.815 207.080
202012 177.894 109.897 213.311
202103 175.122 111.754 206.497
202106 182.552 114.631 209.855
202109 189.217 115.734 215.444
202112 190.643 117.630 213.571
202203 188.376 121.301 204.644
202206 184.948 125.017 194.948
202209 190.073 125.227 200.014
202212 192.346 125.222 202.414
202303 198.855 127.348 205.770
202306 220.724 128.729 225.949
202309 230.470 129.860 233.872
202312 247.615 129.419 252.124
202403 250.637 131.776 250.637

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


Habib Bank  (KAR:HBL) 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.

Habib Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=106.85/184.22
=0.58

* 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 Habib Bank was 1.12. The lowest was 0.38. And the median was 0.63.


Be Aware

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


Habib Bank Cyclically Adjusted Book per Share Related Terms

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


Habib Bank (KAR:HBL) Business Description

Industry
Traded in Other Exchanges
N/A
Address
HBL Tower, Plot No. G-4, KDA Scheme 5, Block 7 Clifton, Karachi, PAK, 75650
Habib Bank Ltd is engaged in commercial banking related services in Pakistan and overseas. The operating business segments are Branch banking, Consumer, SME and rural banking, Islamic banking, Corporate, commercial and investment banking, International and correspondent banking, Treasury, Asset management, Microfinance and Head Office / Others. The company operates in Pakistan, the Middle East, Asia and Africa, and Europe and North America. The branch banking segment derives maximum revenue for the company.

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