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Banco Patagonia (BUE:BPAA) Cyclically Adjusted Book per Share : ARS0.20 (As of Mar. 2024)


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What is Banco Patagonia 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 Patagonia's adjusted book value per share for the three months ended in Mar. 2024 was ARS1,240.381. 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 ARS0.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Banco Patagonia's average Cyclically Adjusted Book Growth Rate was 103.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 76.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 63.50% 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 Banco Patagonia was 76.50% per year. The lowest was 49.20% per year. And the median was 67.00% per year.

As of today (2024-06-17), Banco Patagonia's current stock price is ARS1.31. Banco Patagonia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS0.20. Banco Patagonia's Cyclically Adjusted PB Ratio of today is 6.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banco Patagonia was 16.87. The lowest was 1.76. And the median was 3.35.


Banco Patagonia Cyclically Adjusted Book per Share Historical Data

The historical data trend for Banco Patagonia'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 Patagonia Cyclically Adjusted Book per Share Chart

Banco Patagonia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.38 0.52 0.66 0.24

Banco Patagonia Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.68 0.36 0.39 0.24 0.20

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

For the Banks - Regional subindustry, Banco Patagonia'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 Patagonia's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Banco Patagonia 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 Patagonia's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1240.381/131.7762*131.7762
=1,240.381

Current CPI (Mar. 2024) = 131.7762.

Banco Patagonia Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.519 100.560 9.853
201409 8.152 100.428 10.697
201412 9.631 99.070 12.811
201503 9.579 99.621 12.671
201506 8.811 100.684 11.532
201509 9.649 100.392 12.666
201512 11.591 99.792 15.306
201603 11.720 100.470 15.372
201606 12.790 101.688 16.574
201609 11.646 101.861 15.066
201612 14.927 101.863 19.311
201703 13.882 102.862 17.784
201706 12.757 103.349 16.266
201709 14.065 104.136 17.798
201712 17.319 104.011 21.942
201803 18.320 105.290 22.929
201806 17.879 106.317 22.160
201809 19.841 106.507 24.548
201812 54.699 105.998 68.002
201903 29.240 107.251 35.927
201906 31.480 108.070 38.386
201909 36.549 108.329 44.460
201912 64.945 108.420 78.936
202003 53.554 108.902 64.803
202006 53.268 108.767 64.536
202009 61.653 109.815 73.983
202012 104.877 109.897 125.757
202103 80.072 111.754 94.418
202106 81.651 114.631 93.863
202109 91.038 115.734 103.657
202112 202.240 117.630 226.562
202203 121.232 121.301 131.701
202206 143.820 125.017 151.596
202209 181.737 125.227 191.242
202212 695.934 125.222 732.361
202303 275.278 127.348 284.851
202306 338.630 128.729 346.647
202309 470.044 129.860 476.982
202312 793.598 129.419 808.050
202403 1,240.381 131.776 1,240.381

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


Banco Patagonia  (BUE:BPAA) 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 Patagonia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.31/0.2
=6.55

* 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 Patagonia was 16.87. The lowest was 1.76. And the median was 3.35.


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 Patagonia Cyclically Adjusted Book per Share Related Terms

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


Banco Patagonia (BUE:BPAA) Business Description

Industry
Traded in Other Exchanges
Address
Avenida de Mayo 701, 24th Floor, Buenos Aires, ARG
Banco Patagonia SA is a commercial bank based in Argentina. It provides products and services including savings accounts, checking accounts. It also provides mortgage loans, debit and credit cards, fixed-term deposits, consumer and commercial loans personal loans and other banking services. The company serves individuals, foreign residents, corporate customers, large companies, medium and small enterprises as well as agribusiness, private, financial, non-financial and government sector.

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