GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credit Agricole SA (OTCPK:CRARF) » Definitions » Cyclically Adjusted PB Ratio

Credit Agricole (Credit Agricole) Cyclically Adjusted PB Ratio : 0.62 (As of May. 14, 2024)


View and export this data going back to . Start your Free Trial

What is Credit Agricole Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Credit Agricole's current share price is $16.94. Credit Agricole's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $27.22. Credit Agricole's Cyclically Adjusted PB Ratio for today is 0.62.

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

CRARF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.53   Max: 0.77
Current: 0.63

During the past years, Credit Agricole's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.30. And the median was 0.53.

CRARF's Cyclically Adjusted PB Ratio is ranked better than
75.42% of 1184 companies
in the Banks industry
Industry Median: 0.935 vs CRARF: 0.63

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.

Credit Agricole's adjusted book value per share data for the three months ended in Dec. 2023 was $25.591. 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 $27.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Credit Agricole Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Credit Agricole'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.

Credit Agricole Cyclically Adjusted PB Ratio Chart

Credit Agricole 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 0.65 0.52 0.59 0.42 0.51

Credit Agricole 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 - 0.45 0.47 0.51 -

Competitive Comparison of Credit Agricole's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Credit Agricole'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.


Credit Agricole's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Credit Agricole 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.

Credit Agricole's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.94/27.22
=0.62

* 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.

Credit Agricole's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Credit Agricole's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=25.591/118.2300*118.2300
=25.591

Current CPI (Dec. 2023) = 118.2300.

Credit Agricole Quarterly Data

Book Value per Share CPI Adj_Book
201403 24.079 100.240 28.400
201406 23.908 100.180 28.216
201409 23.742 99.920 28.093
201412 23.137 99.860 27.393
201503 21.182 100.170 25.001
201506 21.173 100.440 24.923
201509 21.503 99.950 25.436
201512 21.420 100.040 25.315
201603 22.555 100.020 26.661
201606 21.746 100.630 25.549
201609 23.801 100.340 28.045
201612 20.819 100.650 24.455
201703 21.158 101.170 24.726
201706 21.828 101.320 25.471
201709 23.404 101.330 27.307
201712 22.895 101.850 26.577
201803 23.887 102.750 27.486
201806 23.433 103.370 26.802
201809 23.634 103.560 26.982
201812 23.377 103.470 26.712
201903 24.385 103.890 27.751
201906 24.152 104.580 27.304
201909 23.800 104.500 26.927
201912 24.239 104.980 27.298
202003 24.003 104.590 27.133
202006 24.959 104.790 28.160
202009 26.402 104.550 29.857
202012 27.212 104.960 30.652
202103 49.317 105.750 55.137
202106 25.795 106.340 28.679
202109 25.741 106.810 28.493
202112 25.480 107.850 27.932
202203 24.659 110.490 26.386
202206 22.526 112.550 23.663
202209 41.240 112.740 43.248
202212 23.305 114.160 24.136
202303 0.000 116.790 0.000
202306 24.314 117.650 24.434
202309 46.583 118.260 46.571
202312 25.591 118.230 25.591

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.


Credit Agricole  (OTCPK:CRARF) 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.


Credit Agricole Cyclically Adjusted PB Ratio Related Terms

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


Credit Agricole (Credit Agricole) Business Description

Address
12 Place des Etats-Unis, Montrouge Cedex, Paris, FRA, 92127
Credit Agricole S.A. is majority-owned by a group of 39 mutually owned, regional French banks, and together, they form the Credit Agricole Group, the largest cooperative bank globally. Credit Agricole S.A. houses all of Credit Agricole Group's activities, excluding the core French retail and commercial banking operations and including corporate and investment banking, its insurance operations, its international operations, notably in Italy, LCL, a separately branded French retail bank, and Credit Agricole S.A.'s majority interest in individually listed asset manager Amundi. Credit Agricole S.A. also acts as the central bank for the group.

Credit Agricole (Credit Agricole) Headlines

From GuruFocus