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SALAFIN (Groupe BMCE) (CAS:SLF) Cyclically Adjusted PB Ratio : 1.61 (As of Oct. 31, 2024)


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What is SALAFIN (Groupe BMCE) Cyclically Adjusted PB Ratio?

As of today (2024-10-31), SALAFIN (Groupe BMCE)'s current share price is MAD569.90. SALAFIN (Groupe BMCE)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was MAD353.93. SALAFIN (Groupe BMCE)'s Cyclically Adjusted PB Ratio for today is 1.61.

The historical rank and industry rank for SALAFIN (Groupe BMCE)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

CAS:SLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 1.75   Max: 3.07
Current: 1.61

During the past 13 years, SALAFIN (Groupe BMCE)'s highest Cyclically Adjusted PB Ratio was 3.07. The lowest was 1.41. And the median was 1.75.

CAS:SLF's Cyclically Adjusted PB Ratio is ranked worse than
66.89% of 299 companies
in the Credit Services industry
Industry Median: 1 vs CAS:SLF: 1.61

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.

SALAFIN (Groupe BMCE)'s adjusted book value per share data of for the fiscal year that ended in Dec23 was MAD276.164. 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 MAD353.93 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


SALAFIN (Groupe BMCE) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SALAFIN (Groupe BMCE)'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.

SALAFIN (Groupe BMCE) Cyclically Adjusted PB Ratio Chart

SALAFIN (Groupe BMCE) 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 2.44 1.46 1.98 1.61 1.47

SALAFIN (Groupe BMCE) Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 1.61 - 1.47 -

Competitive Comparison of SALAFIN (Groupe BMCE)'s Cyclically Adjusted PB Ratio

For the Credit Services subindustry, SALAFIN (Groupe BMCE)'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.


SALAFIN (Groupe BMCE)'s Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SALAFIN (Groupe BMCE)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SALAFIN (Groupe BMCE)'s Cyclically Adjusted PB Ratio falls into.



SALAFIN (Groupe BMCE) 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.

SALAFIN (Groupe BMCE)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=569.90/353.93
=1.61

* 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.

SALAFIN (Groupe BMCE)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, SALAFIN (Groupe BMCE)'s adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=276.164/129.4194*129.4194
=276.164

Current CPI (Dec23) = 129.4194.

SALAFIN (Groupe BMCE) Annual Data

Book Value per Share CPI Adj_Book
201412 0.000 99.070 0.000
201512 0.000 99.792 0.000
201612 268.399 101.863 341.008
201712 269.141 104.011 334.888
201812 374.113 105.998 456.778
201912 359.883 108.420 429.587
202012 323.551 109.897 381.028
202112 298.723 117.630 328.664
202212 274.171 125.222 283.362
202312 276.164 129.419 276.164

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.


SALAFIN (Groupe BMCE)  (CAS:SLF) 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.


SALAFIN (Groupe BMCE) Cyclically Adjusted PB Ratio Related Terms

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SALAFIN (Groupe BMCE) Business Description

Traded in Other Exchanges
N/A
Address
Immeuble Zenith Millenium 8, Sidi Maarouf, Casablanca, MAR
SALAFIN (Groupe BMCE) is a Morocco-based company. It is a finance company. It offers consumer credit services. The company operates through various business segments that are Personal Credit, which include personal loan, and mortgage credit; Auto Financing, which provides car loans; and Revolving Credit.