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AVVZF (Avanza Bank Holding AB) Cyclically Adjusted Book per Share : $1.65 (As of Mar. 2025)


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What is Avanza Bank Holding 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.

Avanza Bank Holding AB's adjusted book value per share for the three months ended in Mar. 2025 was $4.416. 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 $1.65 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Avanza Bank Holding AB's average Cyclically Adjusted Book Growth Rate was 17.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 24.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 24.90% 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 Avanza Bank Holding AB was 28.50% per year. The lowest was 10.90% per year. And the median was 24.60% per year.

As of today (2025-05-18), Avanza Bank Holding AB's current stock price is $22.62. Avanza Bank Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $1.65. Avanza Bank Holding AB's Cyclically Adjusted PB Ratio of today is 13.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Avanza Bank Holding AB was 36.04. The lowest was 9.79. And the median was 13.58.


Avanza Bank Holding AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Avanza Bank Holding 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.

Avanza Bank Holding AB Cyclically Adjusted Book per Share Chart

Avanza Bank Holding AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.77

Avanza Bank Holding AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - 1.84 1.77 1.65

Competitive Comparison of Avanza Bank Holding AB's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Avanza Bank Holding 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.


Avanza Bank Holding AB's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Avanza Bank Holding 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, Avanza Bank Holding AB's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=4.416/132.8245*132.8245
=4.416

Current CPI (Mar. 2025) = 132.8245.

Avanza Bank Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.750 99.995 0.996
201509 0.820 100.228 1.087
201512 0.904 100.276 1.197
201603 1.000 100.751 1.318
201606 0.882 101.019 1.160
201609 0.948 101.138 1.245
201612 0.952 102.022 1.239
201703 0.826 102.022 1.075
201706 0.916 102.752 1.184
201709 1.106 103.279 1.422
201712 1.134 103.793 1.451
201803 1.002 103.962 1.280
201806 0.995 104.875 1.260
201809 1.129 105.679 1.419
201812 1.182 105.912 1.482
201903 1.007 105.886 1.263
201906 1.074 106.742 1.336
201909 1.231 107.214 1.525
201912 1.341 107.766 1.653
202003 1.214 106.563 1.513
202006 1.518 107.498 1.876
202009 1.912 107.635 2.359
202012 2.448 108.296 3.002
202103 2.772 108.360 3.398
202106 3.164 108.928 3.858
202109 3.474 110.338 4.182
202112 3.324 112.486 3.925
202203 3.427 114.825 3.964
202206 2.491 118.384 2.795
202209 2.587 122.296 2.810
202212 3.046 126.365 3.202
202303 3.322 127.042 3.473
202306 2.809 129.407 2.883
202309 3.042 130.224 3.103
202312 3.617 131.912 3.642
202403 3.909 132.205 3.927
202406 3.110 132.716 3.113
202409 3.544 132.304 3.558
202412 3.659 132.987 3.655
202503 4.416 132.825 4.416

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


Avanza Bank Holding AB  (OTCPK:AVVZF) 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.

Avanza Bank Holding AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.62/1.65
=13.71

* 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 Avanza Bank Holding AB was 36.04. The lowest was 9.79. And the median was 13.58.


Be Aware

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


Avanza Bank Holding AB Cyclically Adjusted Book per Share Related Terms

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


Avanza Bank Holding AB Business Description

Industry
Traded in Other Exchanges
Address
Regeringsgatan 103, Box 1399, Stockholm, SWE, SE-111 93
Avanza Bank Holding AB is a digital bank that operates in Sweden and serves predominantly private customers. The bank emphasizes its online to drive lower costs for its deposit base based on the law of large numbers. Its cost base is centered on a high percentage of fixed costs and personnel costs. The bank does not charge its customers fixed fees or deposit fees. Income is generated when customers carry out transactions themselves, predominantly through brokerage fees from securities trading, net interest income from deposits and lending, fund commissions, foreign exchange income, and other income from suppliers of investment products. Over the long term, income growth depends on the bank's ability to grow savings capital.