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Enterprise Financial Services (Enterprise Financial Services) Cyclically Adjusted Book per Share : $32.52 (As of Dec. 2023)


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What is Enterprise Financial Services Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Enterprise Financial Services's adjusted book value per share for the three months ended in Dec. 2023 was $43.941. 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 $32.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Enterprise Financial Services's average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Enterprise Financial Services was 15.20% per year. The lowest was 3.80% per year. And the median was 6.80% per year.

As of today (2024-04-27), Enterprise Financial Services's current stock price is $38.80. Enterprise Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $32.52. Enterprise Financial Services's Cyclically Adjusted PB Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Enterprise Financial Services was 3.51. The lowest was 1.08. And the median was 1.86.


Enterprise Financial Services Cyclically Adjusted Book per Share Historical Data

The historical data trend for Enterprise Financial Services's Cyclically Adjusted Book per Share 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.

Enterprise Financial Services Cyclically Adjusted Book per Share Chart

Enterprise Financial Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.08 21.52 25.38 29.18 32.52

Enterprise Financial Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 30.25 31.17 32.00 32.52 -

Competitive Comparison of Enterprise Financial Services's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Enterprise Financial Services'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.


Enterprise Financial Services's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Enterprise Financial Services Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Enterprise Financial Services'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)
=43.941/129.4194*129.4194
=43.941

Current CPI (Dec. 2023) = 129.4194.

Enterprise Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.790 99.695 19.200
201406 15.258 100.560 19.637
201409 15.605 100.428 20.110
201412 15.942 99.070 20.826
201503 16.358 99.621 21.251
201506 16.666 100.684 21.423
201509 17.213 100.392 22.190
201512 17.526 99.792 22.729
201603 17.975 100.470 23.154
201606 18.601 101.688 23.674
201609 19.066 101.861 24.224
201612 19.312 101.863 24.536
201703 22.951 102.862 28.877
201706 23.366 103.349 29.260
201709 23.689 104.136 29.441
201712 23.759 104.011 29.563
201803 24.015 105.290 29.519
201806 24.805 106.317 30.195
201809 25.413 106.507 30.880
201812 26.466 105.998 32.314
201903 29.684 107.251 35.820
201906 30.681 108.070 36.742
201909 31.793 108.329 37.983
201912 32.671 108.420 38.999
202003 32.355 108.902 38.451
202006 33.133 108.767 39.424
202009 33.662 109.815 39.671
202012 34.571 109.897 40.712
202103 34.950 111.754 40.475
202106 35.860 114.631 40.486
202109 37.518 115.734 41.954
202112 38.528 117.630 42.390
202203 37.349 121.301 39.849
202206 36.968 125.017 38.270
202209 36.919 125.227 38.155
202212 38.930 125.222 40.235
202303 40.761 127.348 41.424
202306 41.388 128.729 41.610
202309 41.190 129.860 41.050
202312 43.941 129.419 43.941

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Enterprise Financial Services  (NAS:EFSC) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Enterprise Financial Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.80/32.52
=1.19

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Enterprise Financial Services was 3.51. The lowest was 1.08. And the median was 1.86.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Enterprise Financial Services Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Enterprise Financial Services's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Enterprise Financial Services (Enterprise Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
150 North Meramec Avenue, Clayton, MO, USA, 63105
Enterprise Financial Services Corporation is a financial holding company. It offers banking and wealth management services to individuals and business customers. The company offers a broad range of business and personal banking services including wealth management services. Lending services include commercial and industrial, commercial real estate, real estate construction and development, residential real estate, and consumer loans.
Executives
Richard Sanborn director
Guest Robert E Jr director 150 N MERAMEC, CLAYTON MO 63105
Stephen P Marsh officer: President 150 N. MERAMEC, CLAYTON MI 63105
Bridget Huffman officer: SEVP, Chief Risk Officer 150 N MERAMEC, CLAYTON MO 63105
Lina A Young director 150 N MERAMEC, CLAYTON MO 63105
Marcela Manjarrez director 150 N MERAMEC, CLAYTON MO 63105
Lyne Andrich director 150 N MERAMEC, CLAYTON MO 63105
Daniel A Rodrigues director C/O ENGINEERED SUPPORT SYSTEMS INC, 201 EVANS LANE, ST LOUIS MO 63121
Peter Hui director 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS CA 90703
Tony Scavuzzo director 102 E. FRONT ST., MONROE MI 48161
Troy Dumlao officer: SVP, Chief Accounting Officer 821 17TH STREET, C/O VOXWARE INC, DENVER CO 80229
S Turner Keene officer: EVP, Chief Financial Officer P O BOX 547, BOYERTOWN PA 19512
John S Eulich director 411 FOUNTAIN LAKES BLVD., ST. CHARLES MO 63301
Scott Richard Goodman officer: President, St. Louis Region 150 N. MERAMEC, ST. LOUIS MO 63105
James F. Deutsch director C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901

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