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BankUnited (BankUnited) Cyclically Adjusted PB Ratio : 0.81 (As of Apr. 30, 2024)


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What is BankUnited Cyclically Adjusted PB Ratio?

As of today (2024-04-30), BankUnited's current share price is $26.73. BankUnited's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $32.99. BankUnited's Cyclically Adjusted PB Ratio for today is 0.81.

The historical rank and industry rank for BankUnited's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 1.2   Max: 2.02
Current: 0.83

During the past years, BankUnited's highest Cyclically Adjusted PB Ratio was 2.02. The lowest was 0.52. And the median was 1.20.

BKU's Cyclically Adjusted PB Ratio is ranked better than
57.93% of 1179 companies
in the Banks industry
Industry Median: 0.92 vs BKU: 0.83

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.

BankUnited's adjusted book value per share data for the three months ended in Mar. 2024 was $35.312. 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 $32.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BankUnited Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BankUnited's Cyclically Adjusted PB Ratio 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.

BankUnited Cyclically Adjusted PB Ratio Chart

BankUnited Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 1.41 1.51 1.10 0.99

BankUnited Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.72 0.67 0.70 0.99 0.85

Competitive Comparison of BankUnited's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, BankUnited'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.


BankUnited's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



BankUnited Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

BankUnited's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.73/32.99
=0.81

* 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.

BankUnited's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BankUnited'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)
=35.312/129.4194*129.4194
=35.312

Current CPI (Mar. 2024) = 129.4194.

BankUnited Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.819 100.560 25.507
201409 20.067 100.428 25.860
201412 20.191 99.070 26.376
201503 20.458 99.621 26.577
201506 20.742 100.684 26.662
201509 21.352 100.392 27.526
201512 21.654 99.792 28.083
201603 21.741 100.470 28.005
201606 22.379 101.688 28.482
201609 22.787 101.861 28.952
201612 23.217 101.863 29.498
201703 23.709 102.862 29.830
201706 24.165 103.349 30.261
201709 24.559 104.136 30.522
201712 28.321 104.011 35.239
201803 28.567 105.290 35.114
201806 29.174 106.317 35.513
201809 29.625 106.507 35.998
201812 29.492 105.998 36.009
201903 29.708 107.251 35.849
201906 30.089 108.070 36.033
201909 30.601 108.329 36.559
201912 31.334 108.420 37.403
202003 27.229 108.902 32.359
202006 29.810 108.767 35.470
202009 31.008 109.815 36.544
202012 32.052 109.897 37.746
202103 32.830 111.754 38.019
202106 33.908 114.631 38.282
202109 34.389 115.734 38.455
202112 35.468 117.630 39.023
202203 34.041 121.301 36.319
202206 32.151 125.017 33.283
202209 31.972 125.227 33.043
202212 32.190 125.222 33.269
202303 33.342 127.348 33.884
202306 33.942 128.729 34.124
202309 33.920 129.860 33.805
202312 34.662 129.419 34.662
202403 35.312 129.419 35.312

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


BankUnited  (NYSE:BKU) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


BankUnited Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of BankUnited's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BankUnited (BankUnited) Business Description

Industry
Traded in Other Exchanges
N/A
Address
14817 Oak Lane, Miami Lakes, FL, USA, 33016
BankUnited Inc is a bank holding company with one wholly owned subsidiary, BankUnited. The bank provides a full range of banking services through banking centers located primarily throughout Florida, as well as New York City. BankUnited is a commercially focused regional bank focusing on small and middle-market businesses, but also provides certain commercial lending and deposit products on a national platform. It has historically grown through organic growth. BankUnited was established by a group of investors who acquired the assets and most of the liabilities of its predecessor from the Federal Deposit Insurance Corporation. The group recapitalized BankUnited with an investment of over $900 million. most of its revenue comprises net interest income derived mostly from loans.
Executives
Germaine Smith-baugh director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Kevin A. Malcolm other: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
A. Gail Prudenti director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Jay D. Richards officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
John N. Digiacomo director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Douglas J Pauls officer: Chief Financial Officer C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Sanjiv Sobti director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Rishi Bansal other: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Rajinder P Singh officer: Chief Operating Officer C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Leslie Lunak officer: Chief Financial Officer C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Michael R. Alford officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
William S. Rubenstein director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Mark Bagnoli officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Thomas M. Cornish officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Jeffrey Starr officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016

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