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SpareBank 1 SR Bank ASA (SpareBank 1 SR Bank ASA) Cyclically Adjusted Book per Share : $11.19 (As of Mar. 2024)


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What is SpareBank 1 SR Bank ASA 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.

SpareBank 1 SR Bank ASA's adjusted book value per share for the three months ended in Mar. 2024 was $12.312. 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 $11.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SpareBank 1 SR Bank ASA'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 9.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 SpareBank 1 SR Bank ASA was 9.40% per year. The lowest was 4.70% per year. And the median was 7.30% per year.

As of today (2024-05-18), SpareBank 1 SR Bank ASA's current stock price is $14.65. SpareBank 1 SR Bank ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $11.19. SpareBank 1 SR Bank ASA's Cyclically Adjusted PB Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SpareBank 1 SR Bank ASA was 1.67. The lowest was 0.73. And the median was 1.29.


SpareBank 1 SR Bank ASA Cyclically Adjusted Book per Share Historical Data

The historical data trend for SpareBank 1 SR Bank ASA'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.

SpareBank 1 SR Bank ASA Cyclically Adjusted Book per Share Chart

SpareBank 1 SR Bank ASA 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 7.99 6.68 8.39 11.30 11.66

SpareBank 1 SR Bank ASA 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 11.58 11.13 11.90 11.66 11.19

Competitive Comparison of SpareBank 1 SR Bank ASA's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, SpareBank 1 SR Bank ASA'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.


SpareBank 1 SR Bank ASA's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 SR Bank ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SpareBank 1 SR Bank ASA's Cyclically Adjusted PB Ratio falls into.



SpareBank 1 SR Bank ASA 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, SpareBank 1 SR Bank ASA'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)
=12.312/132.6000*132.6000
=12.312

Current CPI (Mar. 2024) = 132.6000.

SpareBank 1 SR Bank ASA Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.536 97.500 12.969
201409 9.321 98.500 12.548
201412 8.284 98.600 11.141
201503 7.804 99.200 10.432
201506 8.009 100.100 10.609
201509 7.727 100.600 10.185
201512 7.605 100.900 9.994
201603 7.986 102.500 10.331
201606 8.085 103.800 10.328
201609 8.462 104.200 10.768
201612 8.356 104.400 10.613
201703 8.571 105.000 10.824
201706 8.666 105.800 10.861
201709 9.652 105.900 12.086
201712 9.357 106.100 11.694
201803 10.269 107.300 12.690
201806 9.601 108.500 11.734
201809 9.964 109.500 12.066
201812 9.787 109.800 11.819
201903 10.508 110.400 12.621
201906 10.464 110.600 12.545
201909 10.270 111.100 12.257
201912 10.764 111.300 12.824
202003 9.549 111.200 11.387
202006 10.338 112.100 12.229
202009 10.996 112.900 12.915
202012 11.851 112.900 13.919
202103 11.788 114.600 13.640
202106 12.266 115.300 14.106
202109 11.902 117.500 13.432
202112 11.835 118.900 13.199
202203 12.402 119.800 13.727
202206 10.888 122.600 11.776
202209 10.633 125.600 11.226
202212 11.355 125.900 11.959
202303 11.107 127.600 11.542
202306 10.773 130.400 10.955
202309 11.331 129.800 11.575
202312 12.040 131.900 12.104
202403 12.312 132.600 12.312

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


SpareBank 1 SR Bank ASA  (OTCPK:SBRKF) 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.

SpareBank 1 SR Bank ASA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.65/11.19
=1.31

* 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 SpareBank 1 SR Bank ASA was 1.67. The lowest was 0.73. And the median was 1.29.


Be Aware

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


SpareBank 1 SR Bank ASA Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of SpareBank 1 SR Bank ASA's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SpareBank 1 SR Bank ASA (SpareBank 1 SR Bank ASA) Business Description

Traded in Other Exchanges
Address
Christen Tranes Gate 35, Stavanger, NOR, 4007
SpareBank 1 SR Bank ASA is a Norwegian regional bank engaged in selling and procuring a wide range of financial products and services, investments services, leasing, estate agency and accounting services. The company is organized around three customer segments: 1) Retail customers, 2) SME and Agriculture, and 3) Large Corporates. The company primarily operates in a geographical area bounded by Oslo in the southeast and Bergen in the northwest.

SpareBank 1 SR Bank ASA (SpareBank 1 SR Bank ASA) Headlines

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