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Swedbank AB (Swedbank AB) Cyclically Adjusted Book per Share : $14.22 (As of Mar. 2024)


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What is Swedbank AB 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.

Swedbank AB's adjusted book value per share for the three months ended in Mar. 2024 was $16.399. 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 $14.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Swedbank AB's average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Swedbank AB was 9.00% per year. The lowest was 2.40% per year. And the median was 5.75% per year.

As of today (2024-04-28), Swedbank AB's current stock price is $19.109. Swedbank AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $14.22. Swedbank AB's Cyclically Adjusted PB Ratio of today is 1.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Swedbank AB was 2.01. The lowest was 0.91. And the median was 1.31.


Swedbank AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Swedbank AB'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.

Swedbank AB Cyclically Adjusted Book per Share Chart

Swedbank AB 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 12.07 14.23 13.66 13.45 14.90

Swedbank AB 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 13.69 13.66 13.52 14.90 14.22

Competitive Comparison of Swedbank AB's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Swedbank AB'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.


Swedbank AB's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Swedbank AB 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, Swedbank AB'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)
=16.399/130.9575*130.9575
=16.399

Current CPI (Mar. 2024) = 130.9575.

Swedbank AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.605 100.432 19.044
201409 14.177 100.161 18.536
201412 13.940 100.225 18.215
201503 11.322 99.950 14.834
201506 12.472 99.995 16.334
201509 12.854 100.228 16.795
201512 13.118 100.276 17.132
201603 13.592 100.751 17.667
201606 12.933 101.019 16.766
201609 13.086 101.138 16.944
201612 12.665 102.022 16.257
201703 12.035 102.022 15.448
201706 12.830 102.752 16.352
201709 14.447 103.279 18.319
201712 14.041 103.793 17.716
201803 13.317 103.962 16.775
201806 13.031 104.875 16.272
201809 13.392 105.679 16.595
201812 13.625 105.912 16.847
201903 12.179 105.886 15.063
201906 12.299 106.742 15.089
201909 12.319 107.214 15.047
201912 13.140 107.766 15.968
202003 12.841 106.563 15.781
202006 13.847 107.498 16.869
202009 15.181 107.635 18.470
202012 16.566 108.296 20.033
202103 16.050 108.360 19.397
202106 16.925 108.928 20.348
202109 16.981 110.338 20.154
202112 15.860 112.486 18.464
202203 14.391 114.825 16.413
202206 14.335 118.384 15.858
202209 13.810 122.296 14.788
202212 15.105 126.365 15.654
202303 14.713 127.042 15.166
202306 15.242 129.407 15.425
202309 15.475 130.224 15.562
202312 17.227 130.958 17.227
202403 16.399 130.958 16.399

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


Swedbank AB  (OTCPK:SWDBY) 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.

Swedbank AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.109/14.22
=1.34

* 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 Swedbank AB was 2.01. The lowest was 0.91. And the median was 1.31.


Be Aware

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


Swedbank AB Cyclically Adjusted Book per Share Related Terms

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


Swedbank AB (Swedbank AB) Business Description

Industry
Address
Landsvagen 40, Sundbyberg, Stockholm, SWE, 172 63
Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.

Swedbank AB (Swedbank AB) Headlines

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