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PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Cyclically Adjusted PB Ratio : 2.79 (As of May. 24, 2024)


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What is PT Bank Mandiri (Persero) Tbk Cyclically Adjusted PB Ratio?

As of today (2024-05-24), PT Bank Mandiri (Persero) Tbk's current share price is Rp6050.00. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was Rp2,166.61. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 2.79.

The historical rank and industry rank for PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:BMRI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.2   Med: 2.2   Max: 3.43
Current: 3.03

During the past years, PT Bank Mandiri (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 3.43. The lowest was 1.20. And the median was 2.20.

ISX:BMRI's Cyclically Adjusted PB Ratio is ranked worse than
93.96% of 1192 companies
in the Banks industry
Industry Median: 0.92 vs ISX:BMRI: 3.03

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 Mandiri (Persero) Tbk's adjusted book value per share data for the three months ended in Dec. 2023 was Rp2,794.852. 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 Rp2,166.61 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank Mandiri (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Bank Mandiri (Persero) Tbk'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.

PT Bank Mandiri (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Bank Mandiri (Persero) Tbk 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 2.53 1.88 1.98 2.50 2.79

PT Bank Mandiri (Persero) Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.50 2.55 2.52 2.86 2.79

Competitive Comparison of PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PB Ratio

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

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

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



PT Bank Mandiri (Persero) Tbk 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.

PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6050.00/2166.61
=2.79

* 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.

PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, PT Bank Mandiri (Persero) Tbk'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)
=2794.852/129.3947*129.3947
=2,794.852

Current CPI (Dec. 2023) = 129.3947.

PT Bank Mandiri (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201403 937.025 92.483 1,311.004
201406 988.055 93.015 1,374.503
201409 1,039.771 94.576 1,422.569
201412 1,099.906 98.819 1,440.223
201503 1,105.830 98.388 1,454.335
201506 1,148.964 99.766 1,490.184
201509 1,188.569 101.037 1,522.167
201512 1,254.325 102.133 1,589.137
201603 1,243.007 102.764 1,565.127
201606 1,551.525 103.212 1,945.108
201609 1,609.820 104.142 2,000.167
201612 1,612.007 105.222 1,982.336
201703 1,599.449 106.476 1,943.728
201706 3,349.467 107.722 4,023.368
201709 3,484.237 108.020 4,173.673
201712 1,786.274 109.017 2,120.170
201803 1,737.082 110.097 2,041.565
201806 1,787.506 111.085 2,082.139
201809 1,852.190 111.135 2,156.518
201812 1,941.456 112.430 2,234.407
201903 2,035.320 112.829 2,334.159
201906 1,990.433 114.730 2,244.845
201909 2,107.258 114.905 2,372.995
201912 2,192.153 115.486 2,456.170
202003 1,859.140 116.252 2,069.317
202006 1,921.863 116.630 2,132.207
202009 1,984.555 116.397 2,206.172
202012 2,030.596 117.318 2,239.623
202103 1,947.495 117.840 2,138.459
202106 2,027.368 118.184 2,219.682
202109 2,103.226 118.262 2,301.221
202112 2,194.736 119.516 2,376.142
202203 2,092.108 120.948 2,238.212
202206 2,170.227 123.322 2,277.087
202209 2,272.458 125.298 2,346.750
202212 2,460.845 126.098 2,525.187
202303 2,333.136 126.953 2,378.019
202306 2,475.103 127.663 2,508.679
202309 2,606.889 128.151 2,632.181
202312 2,794.852 129.395 2,794.852

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.


PT Bank Mandiri (Persero) Tbk  (ISX:BMRI) 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.


PT Bank Mandiri (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms

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PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Gatot Subroto Kav. 36-38, Plaza Mandiri, Jakarta, IDN, 12190
PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its wide range of products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank's strategy emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries.

PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Headlines

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