GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Barclays PLC (NYSE:BCS) » Definitions » Cyclically Adjusted Book per Share

BCS (Barclays) Cyclically Adjusted Book per Share : $25.78 (As of Mar. 2025)


View and export this data going back to 1986. Start your Free Trial

What is Barclays 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.

Barclays's adjusted book value per share for the three months ended in Mar. 2025 was $27.044. 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 $25.78 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Barclays's average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.30% 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 Barclays was 11.90% per year. The lowest was -0.10% per year. And the median was 5.20% per year.

As of today (2025-05-15), Barclays's current stock price is $17.23. Barclays's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $25.78. Barclays's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Barclays was 0.77. The lowest was 0.20. And the median was 0.44.


Barclays Cyclically Adjusted Book per Share Historical Data

The historical data trend for Barclays'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.

Barclays Cyclically Adjusted Book per Share Chart

Barclays 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 21.73 22.91 21.95 23.73 23.84

Barclays 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 24.14 24.25 25.70 23.84 25.78

Competitive Comparison of Barclays's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Barclays'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.


Barclays's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


;
;

Barclays 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, Barclays'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)
=27.044/135.6000*135.6000
=27.044

Current CPI (Mar. 2025) = 135.6000.

Barclays Quarterly Data

Book Value per Share CPI Adj_Book
201506 22.021 100.100 29.831
201509 22.644 100.200 30.644
201512 21.312 100.400 28.784
201603 20.980 100.400 28.336
201606 21.115 101.000 28.348
201609 19.832 101.500 26.495
201612 19.098 102.200 25.339
201703 19.060 102.700 25.166
201706 19.203 103.500 25.159
201709 20.231 104.300 26.302
201712 20.085 105.000 25.938
201803 19.480 105.100 25.133
201806 18.981 105.900 24.304
201809 19.285 106.600 24.531
201812 18.487 107.100 23.407
201903 19.883 107.000 25.198
201906 19.866 107.900 24.966
201909 18.977 108.400 23.739
201912 19.499 108.500 24.369
202003 19.528 108.600 24.383
202006 19.714 108.800 24.570
202009 20.249 109.200 25.144
202012 20.378 109.400 25.258
202103 20.972 109.700 25.923
202106 22.130 111.400 26.937
202109 22.400 112.400 27.023
202112 21.926 114.700 25.921
202203 21.526 116.500 25.055
202206 20.748 120.500 23.348
202209 19.113 122.300 21.192
202212 20.964 125.300 22.687
202303 21.549 126.800 23.045
202306 21.970 129.400 23.023
202309 22.193 130.100 23.131
202312 23.820 130.500 24.751
202403 24.189 131.600 24.924
202406 24.462 133.000 24.940
202409 25.805 133.500 26.211
202412 25.221 135.100 25.314
202503 27.044 135.600 27.044

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


Barclays  (NYSE:BCS) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.23/25.78
=0.67

* 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 Barclays was 0.77. The lowest was 0.20. And the median was 0.44.


Be Aware

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


Barclays Cyclically Adjusted Book per Share Related Terms

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


Barclays Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Barclays PLC (NYSE:BCS) » Definitions » Cyclically Adjusted Book per Share
Address
1 Churchill Place, London, GBR, E14 5HP
Barclays is a universal bank headquartered in the United Kingdom. It operates via five principal segments; UK (retail), UK corporate bank, private bank and wealth management, investment bank, and us consumer bank. In its UK segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The international segment includes a corporate bank offering banking solutions to large corporates, a bulge-bracket global investment bank, and a credit card and payments business.