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ICICI Bank (BUE:IBN) Cyclically Adjusted Book per Share : ARS8,123.96 (As of Dec. 2024)


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What is ICICI Bank 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.

ICICI Bank's adjusted book value per share for the three months ended in Dec. 2024 was ARS9,856.489. 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 ARS8,123.96 for the trailing ten years ended in Dec. 2024.

During the past 12 months, ICICI Bank's average Cyclically Adjusted Book Growth Rate was -100.00% 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 ICICI Bank was 15.90% per year. The lowest was 7.30% per year. And the median was 9.95% per year.

As of today (2025-05-24), ICICI Bank's current stock price is ARS39800.00. ICICI Bank's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ARS8,123.96. ICICI Bank's Cyclically Adjusted PB Ratio of today is 4.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ICICI Bank was 5.01. The lowest was 1.63. And the median was 3.55.


ICICI Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for ICICI Bank'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.

ICICI Bank Cyclically Adjusted Book per Share Chart

ICICI Bank Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 815.94 1,068.11 2,244.89 6,927.55 -

ICICI Bank 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 6,927.55 8,959.76 8,277.48 8,123.96 -

Competitive Comparison of ICICI Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, ICICI Bank'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.


ICICI Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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ICICI Bank 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, ICICI Bank's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=9856.489/158.3229*158.3229
=9,856.489

Current CPI (Dec. 2024) = 158.3229.

ICICI Bank Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.000 96.780 0.000
201412 0.000 96.780 0.000
201503 37.500 97.163 61.105
201506 0.000 99.841 0.000
201509 0.000 101.753 0.000
201512 0.000 102.901 0.000
201603 64.246 102.518 99.218
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 76.527 105.196 115.175
201709 0.000 109.021 0.000
201803 106.626 109.786 153.765
201806 0.000 111.317 0.000
201809 166.737 115.142 229.267
201812 0.000 115.142 0.000
201903 199.406 118.202 267.089
201906 233.013 120.880 305.190
201909 284.766 123.175 366.024
201912 317.438 126.235 398.127
202003 316.333 124.705 401.610
202006 352.290 127.000 439.177
202009 427.622 130.118 520.315
202012 487.425 130.889 589.587
202103 563.738 131.771 677.334
202106 566.583 134.084 669.005
202109 645.732 135.847 752.568
202112 675.643 138.161 774.242
202203 738.438 138.822 842.171
202206 840.410 142.347 934.728
202209 969.765 144.661 1,061.350
202212 1,192.169 145.763 1,294.896
202303 1,475.286 146.865 1,590.387
202306 1,886.169 150.280 1,987.114
202309 2,789.802 151.492 2,915.596
202312 3,014.417 152.924 3,120.833
202403 7,403.075 153.035 7,658.902
202406 8,317.269 155.789 8,452.554
202409 9,018.245 157.882 9,043.418
202412 9,856.489 158.323 9,856.489

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


ICICI Bank  (BUE:IBN) 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.

ICICI Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=39800.00/8123.96
=4.90

* 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 ICICI Bank was 5.01. The lowest was 1.63. And the median was 3.55.


Be Aware

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


ICICI Bank Cyclically Adjusted Book per Share Related Terms

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


ICICI Bank Business Description

Industry
Address
ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, MH, IND, 400 051
ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, Other Banking Business, and Others. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Geographical segments include Domestic operations and Foreign operations. The company generates the majority of its revenue from the domestic operations.

ICICI Bank Headlines

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