BANR (Banner) Cyclically Adjusted Book per Share: $54.86 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BANR Banner Corp BANR
63 GF Score
Price $73.70
GF Value $66.66
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Banner Cyclically Adjusted Book per Share?

Banner BANR -0.49% 63 Cyclically Adjusted Book per Share is $54.86 as of Jun. 2026. GuruFocus rates BANR with a GF Score™ of 63/100 and a GF Value™ of $66.66 (Modestly Overvalued). The stock has 3 warning signs investors should review.

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.

Banner's adjusted book value per share for the three months ended in Jun. 2026 was $58.828. 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 $54.86 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Banner's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -3.70% 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 Banner was 9.00% per year. The lowest was -20.50% per year. And the median was -4.65% per year.

As of today (2026-08-18), Banner's current stock price is $73.70. Banner's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $54.86. Banner's Cyclically Adjusted PB Ratio of today is 1.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banner was 1.63. The lowest was 0.54. And the median was 1.21.


Banner  (NAS:BANR) 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.

Banner's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=73.70/54.86
=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 Banner was 1.63. The lowest was 0.54. And the median was 1.21.


Be Aware

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


Banner Cyclically Adjusted Book per Share Related Terms


Banner Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Banner'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.

Banner Cyclically Adjusted Book per Share Chart

Banner Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.72 45.54 48.08 50.66 53.01

Banner Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 52.34 53.00 53.01 54.13 54.86

BANR vs SYBT, EFSC, INTR: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Banner'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.


Banner Cyclically Adjusted PB Ratio vs Banks Industry

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

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


BANR
63GF Score
Banner Corp BANR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Banner 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, Banner's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=58.828/333.9520*333.9520
=58.828

Current CPI (Jun. 2026) = 333.9520.

Banner Quarterly Data

Book Value per Share CPI Adj_Book
201609 39.309 241.428 54.374
201612 39.337 241.432 54.411
201703 39.918 243.801 54.679
201706 39.361 244.955 53.662
201709 39.904 246.819 53.991
201712 38.887 246.524 52.678
201803 38.679 249.554 51.760
201806 38.666 251.989 51.243
201809 39.262 252.439 51.940
201812 42.026 251.233 55.863
201903 42.989 254.202 56.476
201906 43.994 256.143 57.358
201909 44.800 256.759 58.269
201912 44.586 256.974 57.942
202003 45.630 258.115 59.037
202006 46.223 257.797 59.878
202009 46.831 260.280 60.086
202012 47.392 260.474 60.761
202103 46.605 264.877 58.759
202106 48.312 271.696 59.382
202109 48.672 274.310 59.255
202112 49.348 278.802 59.110
202203 45.494 287.504 52.844
202206 43.457 296.311 48.977
202209 41.198 296.808 46.354
202212 42.593 296.797 47.925
202303 44.644 301.836 49.394
202306 44.912 305.109 49.158
202309 44.273 307.789 48.036
202312 48.116 306.746 52.384
202403 48.394 312.332 51.744
202406 49.070 314.175 52.159
202409 52.057 315.301 55.136
202412 51.489 315.605 54.482
202503 53.159 319.799 55.512
202506 53.946 322.561 55.851
202509 55.713 324.800 57.283
202512 57.080 324.054 58.823
202603 58.056 330.213 58.713
202606 58.828 333.952 58.828

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

What does a Cyclically Adjusted Book per Share of $54.86 mean?
Banner (BANR) has a Cyclically Adjusted Book per Share of $54.86 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Banner and its competitors.
Is Banner's Cyclically Adjusted Book per Share too high?
Banner's current Cyclically Adjusted Book per Share is $54.86. Overall, Banner has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banner's Cyclically Adjusted Book per Share compare to SYBT and EFSC?
Banner's Cyclically Adjusted Book per Share of $54.86 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Banner and its competitors. Banner's current Cyclically Adjusted Book per Share is $54.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banner stock overvalued right now?
Based on GuruFocus' analysis, Banner (BANR) is currently considered Modestly Overvalued. The stock's GF Value™ is $66.66, compared to a current price of $73.70 — trading 10.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is $54.86. Banner's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Banner (BANR), the current Cyclically Adjusted Book per Share is $54.86 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Banner (BANR) Overvalued in 2026?

Based on GuruFocus' analysis, Banner stock appears to be overvalued. The current stock price of $73.70 is trading 10.6% above its estimated GF Value™ of $66.66. GuruFocus considers Banner to be Modestly Overvalued.

Key valuation signals for BANR:

  • Cyclically Adjusted Book per Share: $54.86
  • GF Value™: $66.66 vs. price of $73.70 (10.6% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the BANR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Banner Business Description

Address 10 South First Avenue, Walla Walla, WA, USA, 99362
Banner Corp is a bank holding company. It wholly owns one subsidiary bank, Banner Bank. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California, Idaho, and Utah. Banner Bank also actively participates in the secondary loan markets, engaging in mortgage banking operations largely through the origination and sale of one to four family residential loans.
63GF Score

Get the complete analysis for BANR

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$73.70
Price
$66.66
GF Value