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Arab National Bank (SAU:1080) Cyclically Adjusted PB Ratio : 1.28 (As of Jun. 04, 2024)


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What is Arab National Bank Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Arab National Bank's current share price is ﷼20.46. Arab National Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ﷼15.99. Arab National Bank's Cyclically Adjusted PB Ratio for today is 1.28.

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

SAU:1080' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.37   Max: 1.91
Current: 1.28

During the past years, Arab National Bank's highest Cyclically Adjusted PB Ratio was 1.91. The lowest was 1.10. And the median was 1.37.

SAU:1080's Cyclically Adjusted PB Ratio is ranked worse than
71.98% of 1192 companies
in the Banks industry
Industry Median: 0.92 vs SAU:1080: 1.28

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.

Arab National Bank's adjusted book value per share data for the three months ended in Mar. 2024 was ﷼17.585. 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 ﷼15.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arab National Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Arab National Bank'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.

Arab National Bank Cyclically Adjusted PB Ratio Chart

Arab National Bank 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 - - 1.29 1.64 1.22

Arab National Bank 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 1.29 1.29 1.16 1.22 1.37

Competitive Comparison of Arab National Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Arab National Bank'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.


Arab National Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Arab National Bank 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.

Arab National Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.46/15.99
=1.28

* 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.

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

For example, Arab National Bank'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)
=17.585/131.7762*131.7762
=17.585

Current CPI (Mar. 2024) = 131.7762.

Arab National Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.137 100.560 13.284
201409 10.407 100.428 13.656
201412 10.301 99.070 13.702
201503 10.464 99.621 13.842
201506 10.690 100.684 13.991
201509 10.935 100.392 14.354
201512 10.947 99.792 14.456
201603 11.250 100.470 14.755
201606 11.154 101.688 14.454
201609 11.454 101.861 14.818
201612 11.618 101.863 15.030
201703 11.660 102.862 14.938
201706 11.795 103.349 15.039
201709 12.021 104.136 15.212
201712 12.185 104.011 15.438
201803 12.233 105.290 15.310
201806 12.326 106.317 15.278
201809 12.363 106.507 15.296
201812 13.260 105.998 16.485
201903 13.221 107.251 16.244
201906 13.697 108.070 16.702
201909 13.807 108.329 16.795
201912 14.154 108.420 17.203
202003 13.842 108.902 16.750
202006 14.213 108.767 17.220
202009 14.669 109.815 17.603
202012 14.867 109.897 17.827
202103 14.987 111.754 17.672
202106 15.016 114.631 17.262
202109 15.372 115.734 17.503
202112 15.551 117.630 17.421
202203 16.017 121.301 17.400
202206 15.514 125.017 16.353
202209 15.874 125.227 16.704
202212 16.167 125.222 17.013
202303 16.322 127.348 16.890
202306 16.855 128.729 17.254
202309 16.866 129.860 17.115
202312 17.535 129.419 17.854
202403 17.585 131.776 17.585

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.


Arab National Bank  (SAU:1080) 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.


Arab National Bank Cyclically Adjusted PB Ratio Related Terms

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


Arab National Bank (SAU:1080) Business Description

Traded in Other Exchanges
N/A
Address
Arab National Bank, P.O. Box 56921, Riyadh, SAU, 11564
Arab National Bank is a commercial banking service provider based in Saudi Arabia. Its core business comprises commercial, Islamic, and investment banking services. The company's business is divided into business segments; the Retail banking segment includes Deposit, credit, and investment products for individuals and the Bank's London branch, and the Corporate banking segment includes Loans and advances, deposits, and other credit products for corporate and institutional customers, small to medium-sized businesses.

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