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BPIRY (Piraeus Financial Holdings) Cyclically Adjusted Book per Share : $2,394.19 (As of Mar. 2025)


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What is Piraeus Financial Holdings 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.

Piraeus Financial Holdings's adjusted book value per share for the three months ended in Mar. 2025 was $7.381. 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 $2,394.19 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Piraeus Financial Holdings's average Cyclically Adjusted Book Growth Rate was -68.30% 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 Piraeus Financial Holdings was -33.10% per year. The lowest was -59.20% per year. And the median was -56.10% per year.

As of today (2025-05-19), Piraeus Financial Holdings's current stock price is $6.04. Piraeus Financial Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $2,394.19. Piraeus Financial Holdings's Cyclically Adjusted PB Ratio of today is 0.00.


Piraeus Financial Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Piraeus Financial Holdings'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.

Piraeus Financial Holdings Cyclically Adjusted Book per Share Chart

Piraeus Financial Holdings 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 35,630.89 -66,561.91 15,125.19 9,123.35 3,449.52

Piraeus Financial Holdings 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 7,708.16 6,020.99 4,916.91 3,449.52 2,394.19

Competitive Comparison of Piraeus Financial Holdings's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Piraeus Financial Holdings'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.


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

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

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


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Piraeus Financial Holdings 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, Piraeus Financial Holdings'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)
=7.381/120.1327*120.1327
=7.381

Current CPI (Mar. 2025) = 120.1327.

Piraeus Financial Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201506 36,481.768 100.838 43,462.491
201509 40,083.449 100.856 47,744.493
201512 407.901 100.087 489.599
201603 413.833 99.041 501.964
201606 415.900 100.121 499.030
201609 415.652 99.878 499.943
201612 385.366 100.110 462.444
201703 390.874 100.770 465.980
201706 408.720 101.138 485.482
201709 432.373 100.882 514.882
201712 421.335 100.762 502.331
201803 359.759 100.534 429.892
201806 319.333 102.121 375.657
201809 320.998 101.982 378.131
201812 317.952 101.330 376.951
201903 318.249 101.482 376.737
201906 321.932 101.837 379.770
201909 318.076 101.906 374.968
201912 321.690 102.120 378.431
202003 308.728 101.479 365.480
202006 320.638 100.239 384.273
202009 335.741 99.886 403.796
202012 326.379 99.751 393.067
202103 155.791 99.817 187.498
202106 6.198 101.270 7.352
202109 5.389 102.095 6.341
202112 5.236 104.853 5.999
202203 5.435 108.651 6.009
202206 5.243 113.517 5.549
202209 5.014 114.371 5.267
202212 5.553 112.428 5.934
202303 5.771 113.620 6.102
202306 5.940 115.515 6.177
202309 6.094 116.234 6.298
202312 6.385 116.364 6.592
202403 6.574 117.285 6.734
202406 6.691 118.129 6.805
202409 7.184 119.650 7.213
202412 6.894 119.360 6.939
202503 7.381 120.133 7.381

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


Piraeus Financial Holdings  (OTCPK:BPIRY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.04/2394.19
=0.00

* 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.


Be Aware

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


Piraeus Financial Holdings Cyclically Adjusted Book per Share Related Terms

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


Piraeus Financial Holdings Business Description

Traded in Other Exchanges
Address
4 Amerikis Street, Athens, GRC, 105 64
Piraeus Financial Holdings SA is a universal banking group operating in Greece but with a presence in southeastern Europe and the eastern Mediterranean. Its banking unit specializes in small to midsize enterprise banking, agricultural banking, consumer and mortgage credit, green banking, investment banking, as well as leasing and factoring. The bank has an extensive distribution network, both traditional and alternative, the majority of notably its e-banking platform Winbank. Its reporting segments include Retail Banking; Corporate Banking; Piraeus Financial Markets (PFM); Other and NPE Management Unit (NPE MU).