GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of China Ltd (OTCPK:BACHF) » Definitions » Cyclically Adjusted Book per Share

BACHF (Bank Of China) Cyclically Adjusted Book per Share : $0.70 (As of Mar. 2025)


View and export this data going back to 2006. Start your Free Trial

What is Bank Of China 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.

Bank Of China's adjusted book value per share for the three months ended in Mar. 2025 was $1.278. 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 $0.70 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bank Of China's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Bank Of China was 11.40% per year. The lowest was 8.70% per year. And the median was 10.40% per year.

As of today (2025-05-19), Bank Of China's current stock price is $0.5972. Bank Of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $0.70. Bank Of China's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Of China was 2.15. The lowest was 0.57. And the median was 0.86.


Bank Of China Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Of China'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.

Bank Of China Cyclically Adjusted Book per Share Chart

Bank Of China 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 0.48 0.58 0.65 0.56 0.55

Bank Of China 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 0.56 0.69 0.64 0.55 0.70

Competitive Comparison of Bank Of China's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Bank Of China'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.


Bank Of China's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


;
;

Bank Of China 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, Bank Of China'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)
=1.278/115.1156*115.1156
=1.278

Current CPI (Mar. 2025) = 115.1156.

Bank Of China Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.613 99.500 0.709
201509 0.618 100.500 0.708
201512 0.635 100.600 0.727
201603 0.652 102.200 0.734
201606 0.644 101.400 0.731
201609 0.657 102.400 0.739
201612 0.644 102.600 0.723
201703 0.666 103.200 0.743
201706 0.675 103.100 0.754
201709 0.714 104.100 0.790
201712 0.719 104.500 0.792
201803 0.755 105.300 0.825
201806 0.750 104.900 0.823
201809 0.733 106.600 0.792
201812 0.747 106.500 0.807
201903 0.812 107.700 0.868
201906 0.797 107.700 0.852
201909 0.796 109.800 0.835
201912 0.819 111.200 0.848
202003 0.847 112.300 0.868
202006 0.853 110.400 0.889
202009 0.898 111.700 0.925
202012 0.982 111.500 1.014
202103 1.012 112.662 1.034
202106 1.050 111.769 1.081
202109 1.074 112.215 1.102
202112 1.123 113.108 1.143
202203 1.151 114.335 1.159
202206 1.114 114.558 1.119
202209 1.095 115.339 1.093
202212 1.123 115.116 1.123
202303 1.162 115.116 1.162
202306 1.136 114.558 1.142
202309 1.138 115.339 1.136
202312 1.194 114.781 1.197
202403 1.195 115.227 1.194
202406 1.184 114.781 1.187
202409 1.259 115.785 1.252
202412 1.258 114.893 1.260
202503 1.278 115.116 1.278

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


Bank Of China  (OTCPK:BACHF) 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.

Bank Of China's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.5972/0.70
=0.85

* 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 Bank Of China was 2.15. The lowest was 0.57. And the median was 0.86.


Be Aware

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


Bank Of China Cyclically Adjusted Book per Share Related Terms

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


Bank Of China Business Description

Industry
Address
No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818
Bank of China was founded in 1912 and has its headquarters in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across Greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%. BOC has the most extensive global reach among Chinese banks, with operations in 64 countries and regions.