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Bankwell Financial Group (Bankwell Financial Group) Cyclically Adjusted Book per Share : $26.01 (As of Dec. 2023)


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What is Bankwell Financial Group 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.

Bankwell Financial Group's adjusted book value per share for the three months ended in Dec. 2023 was $33.714. 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 $26.01 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Bankwell Financial Group's average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.20% 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 Bankwell Financial Group was 10.80% per year. The lowest was 10.10% per year. And the median was 10.30% per year.

As of today (2024-05-02), Bankwell Financial Group's current stock price is $23.63. Bankwell Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $26.01. Bankwell Financial Group's Cyclically Adjusted PB Ratio of today is 0.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bankwell Financial Group was 2.12. The lowest was 0.69. And the median was 1.37.


Bankwell Financial Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bankwell Financial Group'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.

Bankwell Financial Group Cyclically Adjusted Book per Share Chart

Bankwell Financial Group 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 17.98 19.48 21.90 24.12 26.01

Bankwell Financial Group 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 24.70 25.14 25.55 26.01 -

Competitive Comparison of Bankwell Financial Group's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bankwell Financial Group'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.


Bankwell Financial Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Bankwell Financial Group 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, Bankwell Financial Group's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=33.714/129.4194*129.4194
=33.714

Current CPI (Dec. 2023) = 129.4194.

Bankwell Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.139 99.695 11.864
201406 16.105 100.560 20.727
201409 16.390 100.428 21.121
201412 16.454 99.070 21.495
201503 16.626 99.621 21.599
201506 16.944 100.684 21.780
201509 17.209 100.392 22.185
201512 17.531 99.792 22.736
201603 17.874 100.470 23.024
201606 18.175 101.688 23.131
201609 18.588 101.861 23.617
201612 19.145 101.863 24.324
201703 19.594 102.862 24.653
201706 20.013 103.349 25.061
201709 20.545 104.136 25.533
201712 20.774 104.011 25.849
201803 21.189 105.290 26.045
201806 21.624 106.317 26.323
201809 22.282 106.507 27.076
201812 22.212 105.998 27.120
201903 22.460 107.251 27.103
201906 22.566 108.070 27.024
201909 22.447 108.329 26.817
201912 23.180 108.420 27.670
202003 21.624 108.902 25.698
202006 21.599 108.767 25.700
202009 22.069 109.815 26.009
202012 22.300 109.897 26.261
202103 23.764 111.754 27.520
202106 24.166 114.631 27.284
202109 25.014 115.734 27.972
202112 25.885 117.630 28.479
202203 27.086 121.301 28.899
202206 29.084 125.017 30.108
202209 30.019 125.227 31.024
202212 30.847 125.222 31.881
202303 30.893 127.348 31.396
202306 31.777 128.729 31.948
202309 32.884 129.860 32.773
202312 33.714 129.419 33.714

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


Bankwell Financial Group  (NAS:BWFG) 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.

Bankwell Financial Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.63/26.01
=0.91

* 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 Bankwell Financial Group was 2.12. The lowest was 0.69. And the median was 1.37.


Be Aware

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


Bankwell Financial Group Cyclically Adjusted Book per Share Related Terms

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


Bankwell Financial Group (Bankwell Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
258 Elm Street, New Canaan, CT, USA, 06840
Bankwell Financial Group Inc is a bank holding company, engaged in providing financial products and services. It offers products related to commercial lending, retail lending, depository services, and others. The bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans to small and mid-sized businesses, and real estate construction and development loans. The retail lending products include residential mortgage loans, home equity lines of credit, and consumer installment loans. Its depository products include checking, savings, money market, certificates of deposit, noninterest-bearing demand, and time deposits.
Executives
Lawrence B Seidman director LANIDEX CORPORATE PARK, 100 LANIDEX PLAZA 1ST FL, PARSIPPANY NJ 07054
Eric J Dale director C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Jeffrey R Dunne director 90 BUTTERNUT LANE, SOUTHPORT CT 06890
Carl M Porto director C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Blake S Drexler director C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Christine Chivily officer: EVP & Chief Credit Officer C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Garnett James M Jr director C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Todd Lampert director C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Anahaita N. Kotval director C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Ryan Jason Hildebrand officer: Chief Innovation Officer 32520 NE CORRAL CREEK ROAD, NEWBERG OR 97132
Christopher Gruseke officer: Chief Strategic Officer C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Sacchetti Courtney E officer: EVP & Chief Financial Officer 258 ELM STREET, NEW CANAAN CT 06840
Laura Waitz officer: EVP & Chief of Staff C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Darryl Demos director 300 COLONIAL CENTER PARKWAY, SUITE 600, ROSWELL GA 30076
Richard Castiglioni director C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840