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Barclays (XSWX:BARC) Cyclically Adjusted PB Ratio : (As of Jun. 07, 2024)


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What is Barclays Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barclays Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Barclays'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.

Barclays Cyclically Adjusted PB Ratio Chart

Barclays 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 0.45 0.37 0.45 0.36 0.33

Barclays 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 0.32 0.33 0.34 0.33 0.39

Competitive Comparison of Barclays's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Barclays'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.


Barclays's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Barclays 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.

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

For example, Barclays'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)
=4.662/131.6000*131.6000
=4.662

Current CPI (Mar. 2024) = 131.6000.

Barclays Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.361 99.800 7.069
201409 5.525 100.000 7.271
201412 5.511 99.900 7.260
201503 5.317 99.600 7.025
201506 5.131 100.100 6.746
201509 5.505 100.200 7.230
201512 5.302 100.400 6.950
201603 5.146 100.400 6.745
201606 5.118 101.000 6.669
201609 4.825 101.500 6.256
201612 4.867 102.200 6.267
201703 4.772 102.700 6.115
201706 4.648 103.500 5.910
201709 4.868 104.300 6.142
201712 4.956 105.000 6.212
201803 4.617 105.100 5.781
201806 4.698 105.900 5.838
201809 4.668 106.600 5.763
201812 4.584 107.100 5.633
201903 4.973 107.000 6.116
201906 4.907 107.900 5.985
201909 4.700 108.400 5.706
201912 4.790 108.500 5.810
202003 4.683 108.600 5.675
202006 4.689 108.800 5.672
202009 4.631 109.200 5.581
202012 4.526 109.400 5.444
202103 4.837 109.700 5.803
202106 4.918 111.400 5.810
202109 5.016 112.400 5.873
202112 4.872 114.700 5.590
202203 4.830 116.500 5.456
202206 4.792 120.500 5.233
202209 4.257 122.300 4.581
202212 4.464 125.300 4.688
202303 4.510 126.800 4.681
202306 4.432 129.400 4.507
202309 4.382 130.100 4.433
202312 4.490 130.500 4.528
202403 4.662 131.600 4.662

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.


Barclays  (XSWX:BARC) 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.


Barclays Cyclically Adjusted PB Ratio Related Terms

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


Barclays (XSWX:BARC) Business Description

Industry
Address
1 Churchill Place, London, GBR, E14 5HP
Barclays is a universal bank headquartered in the United Kingdom. It operates via two principal segments; U.K. (38% of profit before tax) and International (71% of PBT). In its U.K. segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The international segment includes a corporate bank offering banking solutions to large corporates, a bulge-bracket global investment bank, and a credit card and payments business. In 2022, Barclays generated roughly 60% of its income from the U.K. and 25% from the United States.

Barclays (XSWX:BARC) Headlines

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