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Banco Pine (BSP:PINE3) Cyclically Adjusted Book per Share : R$7.99 (As of Mar. 2025)


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What is Banco Pine 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.

Banco Pine's adjusted book value per share for the three months ended in Mar. 2025 was R$4.934. 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 R$7.99 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Banco Pine's average Cyclically Adjusted Book Growth Rate was -6.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -6.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.30% 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 Banco Pine was 0.40% per year. The lowest was -6.00% per year. And the median was -2.10% per year.

As of today (2025-05-31), Banco Pine's current stock price is R$5.15. Banco Pine's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$7.99. Banco Pine's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banco Pine was 1.10. The lowest was 0.17. And the median was 0.99.


Banco Pine Cyclically Adjusted Book per Share Historical Data

The historical data trend for Banco Pine'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.

Banco Pine Cyclically Adjusted Book per Share Chart

Banco Pine 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 9.48 9.72 9.22 8.66 8.07

Banco Pine 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 8.53 8.37 8.19 8.07 7.99

Competitive Comparison of Banco Pine's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Banco Pine'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.


Banco Pine's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Banco Pine 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, Banco Pine'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)
=4.934/168.1016*168.1016
=4.934

Current CPI (Mar. 2025) = 168.1016.

Banco Pine Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.350 100.006 14.036
201509 8.339 101.392 13.826
201512 7.913 104.247 12.760
201603 8.345 106.979 13.113
201606 8.185 108.851 12.640
201609 8.094 109.986 12.371
201612 8.068 110.802 12.240
201703 8.057 111.869 12.107
201706 7.863 112.115 11.790
201709 6.388 112.777 9.522
201712 6.290 114.068 9.270
201803 6.385 114.868 9.344
201806 6.356 117.038 9.129
201809 6.373 117.881 9.088
201812 5.912 118.340 8.398
201903 5.650 120.124 7.907
201906 5.496 120.977 7.637
201909 5.327 121.292 7.383
201912 5.030 123.436 6.850
202003 5.035 124.092 6.821
202006 5.054 123.557 6.876
202009 4.872 125.095 6.547
202012 4.741 129.012 6.177
202103 4.486 131.660 5.728
202106 4.635 133.871 5.820
202109 4.612 137.913 5.622
202112 4.660 141.992 5.517
202203 4.966 146.537 5.697
202206 4.516 149.784 5.068
202209 4.587 147.800 5.217
202212 4.648 150.207 5.202
202303 5.052 153.352 5.538
202306 5.019 154.519 5.460
202309 5.307 155.464 5.738
202312 5.358 157.148 5.731
202403 5.134 159.372 5.415
202406 5.393 161.052 5.629
202409 5.649 162.342 5.849
202412 5.453 164.740 5.564
202503 4.934 168.102 4.934

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


Banco Pine  (BSP:PINE3) 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.

Banco Pine's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.15/7.99
=0.64

* 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 Banco Pine was 1.10. The lowest was 0.17. And the median was 0.99.


Be Aware

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


Banco Pine Cyclically Adjusted Book per Share Related Terms

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


Banco Pine Business Description

Industry
Traded in Other Exchanges
Address
Avenida Presidente Juscelino Kubitschek, n° 1.830 - 4th Floor, Itaim Bibi, Pinheiros, SP, BRA, 4543900
Banco Pine SA is a banking company. It operates commercial, credit and financing and foreign exchange portfolios. The company's operations are conducted in the context of a group of institutions which act jointly, and certain transactions involve the co-participation or intermediation of member companies of the Pine financial conglomerate. The benefits from the intercompany services and the costs for the operating and administrative structures are absorbed, either jointly or individually, by these companies as is practicable and reasonable in the circumstances.

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