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PT Bank Negara Indonesia (Persero) Tbk (PT Bank Negara Indonesia (Persero) Tbk) Cyclically Adjusted Book per Share : $10.01 (As of Mar. 2024)


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What is PT Bank Negara Indonesia (Persero) 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 Negara Indonesia (Persero) Tbk's adjusted book value per share for the three months ended in Mar. 2024 was $12.634. 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 $10.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Bank Negara Indonesia (Persero) Tbk's average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.80% 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 Negara Indonesia (Persero) Tbk was 10.10% per year. The lowest was 9.80% per year. And the median was 9.95% per year.

As of today (2024-06-08), PT Bank Negara Indonesia (Persero) Tbk's current stock price is $14.10. PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $10.01. PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio of today is 1.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Bank Negara Indonesia (Persero) Tbk was 2.34. The lowest was 0.77. And the median was 1.56.


PT Bank Negara Indonesia (Persero) Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Bank Negara Indonesia (Persero) 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 Negara Indonesia (Persero) Tbk Cyclically Adjusted Book per Share Chart

PT Bank Negara Indonesia (Persero) 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 7.47 8.42 9.01 8.55 9.75

PT Bank Negara Indonesia (Persero) 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 9.31 10.07 9.72 9.75 10.01

Competitive Comparison of PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PT Bank Negara Indonesia (Persero) 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 Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



PT Bank Negara Indonesia (Persero) 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 Negara Indonesia (Persero) 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)
=12.634/130.6070*130.6070
=12.634

Current CPI (Mar. 2024) = 130.6070.

PT Bank Negara Indonesia (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.004 93.015 8.431
201409 6.138 94.576 8.476
201412 6.366 98.819 8.414
201503 6.138 98.388 8.148
201506 5.942 99.766 7.779
201509 5.640 101.037 7.291
201512 7.486 102.133 9.573
201603 7.961 102.764 10.118
201606 8.245 103.212 10.433
201609 8.752 104.142 10.976
201612 8.696 105.222 10.794
201703 8.791 106.476 10.783
201706 9.150 107.722 11.094
201709 9.448 108.020 11.424
201712 9.756 109.017 11.688
201803 9.432 110.097 11.189
201806 9.127 111.085 10.731
201809 9.143 111.135 10.745
201812 10.005 112.430 11.623
201903 10.679 112.829 12.362
201906 10.833 114.730 12.332
201909 11.237 114.905 12.773
201912 11.815 115.486 13.362
202003 8.904 116.252 10.003
202006 10.310 116.630 11.546
202009 9.942 116.397 11.156
202012 10.495 117.318 11.684
202103 10.615 117.840 11.765
202106 10.785 118.184 11.919
202109 11.231 118.262 12.403
202112 11.641 119.516 12.721
202203 11.772 120.948 12.712
202206 11.398 123.322 12.071
202209 11.422 125.298 11.906
202212 11.589 126.098 12.003
202303 12.524 126.953 12.885
202306 12.401 127.663 12.687
202309 12.342 128.151 12.578
202312 13.084 129.395 13.207
202403 12.634 130.607 12.634

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


PT Bank Negara Indonesia (Persero) Tbk  (OTCPK:PTBRY) 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 Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.10/10.01
=1.41

* 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 Negara Indonesia (Persero) Tbk was 2.34. The lowest was 0.77. And the median was 1.56.


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 Negara Indonesia (Persero) Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Bank Negara Indonesia (Persero) Tbk (PT Bank Negara Indonesia (Persero) Tbk) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Sudirman Kav. 1, Gedung Grha BNI, Jakarta Pusat, Jakarta, IDN, 10220
PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. BNI's main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its business divisions include Corporate and International Banking; Institutional Banking; Enterprises and Commercial Banking; Consumer Banking and Treasury.

PT Bank Negara Indonesia (Persero) Tbk (PT Bank Negara Indonesia (Persero) Tbk) Headlines