Erste Group Bank AG. (BSE:EBS) Cyclically Adjusted Book per Share: lei285.23 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

BSE:EBS Erste Group Bank AG. BSE:EBS
79 GF Score
Price lei649.50
GF Value lei439.76
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Erste Group Bank AG. Cyclically Adjusted Book per Share?

Erste Group Bank AG. BSE:EBS +1.48% 79 Cyclically Adjusted Book per Share is lei285.23 as of Jun. 2026. GuruFocus rates BSE:EBS with a GF Score™ of 79/100 and a GF Value™ of lei439.76 (Significantly Overvalued). The stock has 6 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.

Erste Group Bank AG.'s adjusted book value per share for the three months ended in Jun. 2026 was lei383.275. 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 lei285.23 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Erste Group Bank AG.'s average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.50% 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 Erste Group Bank AG. was 8.90% per year. The lowest was 1.80% per year. And the median was 6.80% per year.

As of today (2026-09-02), Erste Group Bank AG.'s current stock price is lei649.50. Erste Group Bank AG.'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was lei285.23. Erste Group Bank AG.'s Cyclically Adjusted PB Ratio of today is 2.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Erste Group Bank AG. was 2.28. The lowest was 0.44. And the median was 0.98.


Erste Group Bank AG.  (BSE:EBS) 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.

Erste Group Bank AG.'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=649.50/285.23
=2.28

* 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 Erste Group Bank AG. was 2.28. The lowest was 0.44. And the median was 0.98.


Be Aware

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


Erste Group Bank AG. Cyclically Adjusted Book per Share Related Terms


Erste Group Bank AG. Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Erste Group Bank AG.'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.

Erste Group Bank AG. Cyclically Adjusted Book per Share Chart

Erste Group Bank AG. 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 180.44 200.38 218.48 233.75 260.65

Erste Group Bank AG. 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 251.97 258.08 260.65 276.17 285.23

BSE:EBS vs USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Erste Group Bank AG.'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.


Erste Group Bank AG. Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Erste Group Bank AG.'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Erste Group Bank AG.'s Cyclically Adjusted PB Ratio falls into.


BSE:EBS
79GF Score
Erste Group Bank AG. BSE:EBS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Erste Group Bank AG. 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, Erste Group Bank AG.'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)
=383.275/142.7100*142.7100
=383.275

Current CPI (Jun. 2026) = 142.7100.

Erste Group Bank AG. Quarterly Data

Book Value per Share CPI Adj_Book
201609 155.082 101.192 218.711
201612 145.666 102.092 203.621
201703 150.361 102.592 209.160
201706 165.002 102.991 228.635
201709 179.667 103.591 247.514
201712 182.070 104.291 249.141
201803 186.575 104.491 254.817
201806 172.239 105.091 233.894
201809 179.428 105.691 242.273
201812 181.634 106.291 243.868
201903 190.290 106.391 255.250
201906 188.552 106.791 251.971
201909 188.492 106.991 251.420
201912 192.992 108.091 254.803
202003 199.219 108.024 263.188
202006 203.791 107.915 269.498
202009 216.351 108.348 284.966
202012 236.075 109.321 308.177
202103 234.632 110.186 303.889
202106 243.942 110.943 313.791
202109 243.560 111.916 310.575
202112 227.640 113.971 285.042
202203 228.319 117.647 276.958
202206 216.257 120.567 255.975
202209 206.982 123.811 238.577
202212 228.447 125.541 259.690
202303 242.339 128.460 269.221
202306 245.111 130.191 268.681
202309 252.337 131.272 274.324
202312 263.129 132.570 283.256
202403 275.222 133.759 293.640
202406 266.423 134.083 283.564
202409 291.865 133.651 311.648
202412 283.267 135.273 298.841
202503 303.313 137.760 314.212
202506 332.397 138.517 342.460
202509 351.052 138.950 360.551
202512 359.803 140.350 365.853
202603 362.711 142.160 364.114
202606 383.275 142.710 383.275

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 lei285.23 mean?
Erste Group Bank AG. (BSE:EBS) has a Cyclically Adjusted Book per Share of lei285.23 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 Erste Group Bank AG. and its competitors.
Is Erste Group Bank AG.'s Cyclically Adjusted Book per Share too high?
Erste Group Bank AG.'s current Cyclically Adjusted Book per Share is lei285.23. Overall, Erste Group Bank AG. has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Erste Group Bank AG.'s Cyclically Adjusted Book per Share compare to USB?
Erste Group Bank AG.'s Cyclically Adjusted Book per Share of lei285.23 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 Erste Group Bank AG. and its competitors. Erste Group Bank AG.'s current Cyclically Adjusted Book per Share is lei285.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erste Group Bank AG. stock overvalued right now?
Based on GuruFocus' analysis, Erste Group Bank AG. (BSE:EBS) is currently considered Significantly Overvalued. The stock's GF Value™ is lei439.76, compared to a current price of lei649.50 — trading 47.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is lei285.23. Erste Group Bank AG.'s overall GF Score™ is 79/100 with 6 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 Erste Group Bank AG. (BSE:EBS), the current Cyclically Adjusted Book per Share is lei285.23 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 Erste Group Bank AG. (BSE:EBS) Overvalued in 2026?

Based on GuruFocus' analysis, Erste Group Bank AG. stock appears to be overvalued. The current stock price of lei649.50 is trading 47.7% above its estimated GF Value™ of lei439.76. GuruFocus considers Erste Group Bank AG. to be Significantly Overvalued.

Key valuation signals for BSE:EBS:

  • Cyclically Adjusted Book per Share: lei285.23
  • GF Value™: lei439.76 vs. price of lei649.50 (47.7% above fair value)
  • GF Score™: 79/100 with 6 warning signs

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


Erste Group Bank AG. Business Description

Address Am Belvedere 1, Vienna, AUT, A-1100
Erste Group Bank AG. is an Austria-based financial services provider catering to the needs of individuals, corporates, small businesses, and other enterprises. It offers a complete range of banking and other financial services, such as savings accounts, asset management (including investment funds), consumer credit and mortgage lending, investment banking, securities and derivatives trading, project finance, foreign exchange trading, leasing, factoring, etc. The Group's operating segments are defined according to the core markets in which it operates and include Austria, Central and Eastern Europe, and Other. Maximum revenue is generated from the Central and Eastern Europe segment, which represents its operations in the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.
79GF Score

Get the complete analysis for BSE:EBS

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

lei649.50
Price
lei439.76
GF Value