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UMB Financial (UMB Financial) Cyclically Adjusted Book per Share : $57.10 (As of Dec. 2023)


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What is UMB Financial 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.

UMB Financial's adjusted book value per share for the three months ended in Dec. 2023 was $63.855. 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 $57.10 for the trailing ten years ended in Dec. 2023.

During the past 12 months, UMB Financial's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 UMB Financial was 10.70% per year. The lowest was 4.10% per year. And the median was 6.00% per year.

As of today (2024-04-28), UMB Financial's current stock price is $83.17. UMB Financial's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $57.10. UMB Financial's Cyclically Adjusted PB Ratio of today is 1.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UMB Financial was 2.58. The lowest was 1.00. And the median was 1.87.


UMB Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for UMB Financial'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.

UMB Financial Cyclically Adjusted Book per Share Chart

UMB Financial 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 39.52 42.84 48.88 53.54 57.10

UMB Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 53.54 54.87 55.94 56.79 57.10

Competitive Comparison of UMB Financial's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, UMB Financial'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.


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

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

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



UMB Financial 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, UMB Financial'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)
=63.855/129.4194*129.4194
=63.855

Current CPI (Dec. 2023) = 129.4194.

UMB Financial Quarterly Data

Book Value per Share CPI Adj_Book
201403 33.944 99.695 44.065
201406 35.214 100.560 45.320
201409 35.514 100.428 45.766
201412 36.101 99.070 47.160
201503 36.763 99.621 47.759
201506 37.677 100.684 48.430
201509 38.559 100.392 49.708
201512 38.337 99.792 49.719
201603 39.379 100.470 50.725
201606 40.436 101.688 51.463
201609 40.864 101.861 51.920
201612 39.506 101.863 50.193
201703 40.338 102.862 50.753
201706 41.419 103.349 51.867
201709 42.147 104.136 52.380
201712 43.722 104.011 54.403
201803 43.308 105.290 53.233
201806 43.960 106.317 53.512
201809 44.204 106.507 53.714
201812 45.370 105.998 55.395
201903 47.919 107.251 57.824
201906 50.502 108.070 60.479
201909 52.230 108.329 62.398
201912 53.087 108.420 63.369
202003 55.333 108.902 65.758
202006 57.836 108.767 68.818
202009 59.427 109.815 70.036
202012 62.845 109.897 74.009
202103 61.244 111.754 70.925
202106 63.919 114.631 72.165
202109 64.374 115.734 71.986
202112 64.947 117.630 71.457
202203 56.781 121.301 60.581
202206 54.712 125.017 56.639
202209 52.237 125.227 53.986
202212 55.197 125.222 57.047
202303 58.026 127.348 58.970
202306 58.363 128.729 58.676
202309 57.835 129.860 57.639
202312 63.855 129.419 63.855

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


UMB Financial  (NAS:UMBF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=83.17/57.1
=1.46

* 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 UMB Financial was 2.58. The lowest was 1.00. And the median was 1.87.


Be Aware

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


UMB Financial Cyclically Adjusted Book per Share Related Terms

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


UMB Financial (UMB Financial) Business Description

Industry
Traded in Other Exchanges
Address
1010 Grand Boulevard, Kansas, MO, USA, 64106
UMB Financial Corp, or UMBF, is a financial services holding company offering a suite of banking, asset management, and health spending solutions. Its customer base includes commercial, institutional, and personal customers across the United States. The company's banking subsidiaries own and operate banking and wealth-management centres mostly throughout the Midwest and Southwest regions of the U.S. Subsidiaries of the holding company and its lead bank, UMB Bank, include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisory. The bank's revenue is split nearly evenly between interest income and noninterest income.
Executives
Thomas S Terry officer: Chief Lending Officer 1010 GRAND BOULEVARD, KANSAS CITY MO 64106
Robert Brian Beaird officer: Chief Human Resource Officer 1010 GRAND BLVD, KANSAS CITY MO 64106
Uma Wilson officer: Executive Vice President 1010 GRAND BLVD, KANSAS CITY MO 64106
Shannon Andresen Johnson officer: EVP/Chief HR Officer 1010 GRAND BLVD, KANSAS CITY MO 64106
J Mariner Kemper officer: Vice Chairman 1010 GRAND BLVD., KANSAS CITY MO 64106
Abigail M Wendel officer: President - Consumer Banking 1010 GRAND BOULEVARD, KANSAS CITY MO 64106
Tamara Peterman director 1010 GRAND BLVD, KANSAS CITY MO 64106
Greg M Graves director 1010 GRAND BLVD, KANSAS CITY MO 64106
Nikki Farentino Newton officer: President, Private Wealth Mgmt 1010 GRAND BLVD, KANSAS CITY MO 64106
Timothy R. Murphy director 1524 N. CORRINGTON AVE, KANSAS CITY MO 64120
Phillip James Mason officer: President, Inst. Banking 1010 GRAND BLVD, KANSAS CITY MO 64106
Janine Davidson director 1010 GRAND BLVD, KANSAS CITY MO 64106
Lansford E. Gordon director 1001 LOCUST ST., KANSAS CITY MO 64106
Kris A Robbins director
L Joshua Sosland director