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Standard Chartered (Standard Chartered) Cyclically Adjusted PB Ratio : 0.48 (As of Apr. 29, 2024)


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What is Standard Chartered Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Standard Chartered's current share price is $8.545. Standard Chartered's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $17.86. Standard Chartered's Cyclically Adjusted PB Ratio for today is 0.48.

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

SCBFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.47   Max: 0.78
Current: 0.48

During the past years, Standard Chartered's highest Cyclically Adjusted PB Ratio was 0.78. The lowest was 0.34. And the median was 0.47.

SCBFF's Cyclically Adjusted PB Ratio is ranked better than
83.45% of 1178 companies
in the Banks industry
Industry Median: 0.92 vs SCBFF: 0.48

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.

Standard Chartered's adjusted book value per share data for the three months ended in Dec. 2023 was $18.945. 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 $17.86 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Standard Chartered Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Standard Chartered'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.

Standard Chartered Cyclically Adjusted PB Ratio Chart

Standard Chartered 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 0.74 0.46 0.40 0.47 0.47

Standard Chartered 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 0.47 0.45 0.49 0.54 0.47

Competitive Comparison of Standard Chartered's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Standard Chartered'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.


Standard Chartered's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Standard Chartered 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.

Standard Chartered's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.545/17.86
=0.48

* 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.

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

For example, Standard Chartered'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)
=18.945/130.0000*130.0000
=18.945

Current CPI (Dec. 2023) = 130.0000.

Standard Chartered Quarterly Data

Book Value per Share CPI Adj_Book
200906 11.057 88.100 16.316
200912 12.380 88.900 18.103
201006 13.030 90.200 18.779
201012 15.490 91.700 21.960
201106 16.376 93.500 22.769
201112 16.254 95.000 22.242
201206 16.830 95.600 22.886
201212 17.893 97.300 23.906
201306 17.582 98.000 23.323
201312 18.136 99.200 23.767
201406 18.603 99.800 24.232
201412 17.871 99.900 23.256
201506 18.336 100.100 23.813
201512 14.701 100.400 19.035
201606 14.773 101.000 19.015
201612 14.719 102.200 18.723
201706 15.514 103.500 19.486
201712 15.615 105.000 19.333
201806 15.483 105.900 19.007
201812 15.139 107.100 18.376
201903 0.000 107.000 0.000
201906 15.355 107.900 18.500
201909 0.000 108.400 0.000
201912 15.753 108.500 18.875
202003 15.792 108.600 18.904
202006 15.708 108.800 18.769
202009 15.487 109.200 18.437
202012 15.971 109.400 18.978
202103 16.647 109.700 19.728
202106 16.835 111.400 19.646
202109 16.708 112.400 19.324
202112 16.975 114.700 19.239
202203 16.685 116.500 18.618
202206 16.622 120.500 17.932
202209 17.085 122.300 18.161
202212 17.322 125.300 17.972
202303 17.671 126.800 18.117
202306 17.781 129.400 17.863
202309 17.607 130.100 17.593
202312 18.945 130.000 18.945

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.


Standard Chartered  (OTCPK:SCBFF) 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.


Standard Chartered Cyclically Adjusted PB Ratio Related Terms

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


Standard Chartered (Standard Chartered) Business Description

Address
1 Basinghall Avenue, London, GBR, EC2V 5DD
Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with the holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the U.K. and provides banking services across 60 countries, primarily in Asia, Africa, the Middle East, and the United Kingdom. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank has also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets.

Standard Chartered (Standard Chartered) Headlines

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