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KBC Groupe NV (CHIX:KBCB) Cyclically Adjusted Book per Share : €60.16 (As of Mar. 2025)


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What is KBC Groupe NV 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.

KBC Groupe NV's adjusted book value per share for the three months ended in Mar. 2025 was €63.521. 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 €60.16 for the trailing ten years ended in Mar. 2025.

During the past 12 months, KBC Groupe NV's average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 KBC Groupe NV was 5.70% per year. The lowest was -0.80% per year. And the median was 3.80% per year.

As of today (2025-05-29), KBC Groupe NV's current stock price is €86.78. KBC Groupe NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €60.16. KBC Groupe NV's Cyclically Adjusted PB Ratio of today is 1.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of KBC Groupe NV was 1.79. The lowest was 0.88. And the median was 1.28.


KBC Groupe NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for KBC Groupe NV'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.

KBC Groupe NV Cyclically Adjusted Book per Share Chart

KBC Groupe NV 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 46.73 49.05 52.83 54.34 54.94

KBC Groupe NV 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 55.97 57.62 56.04 54.94 60.16

Competitive Comparison of KBC Groupe NV's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, KBC Groupe NV'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.


KBC Groupe NV's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where KBC Groupe NV's Cyclically Adjusted PB Ratio falls into.


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KBC Groupe NV 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, KBC Groupe NV'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)
=63.521/134.3475*134.3475
=63.521

Current CPI (Mar. 2025) = 134.3475.

KBC Groupe NV Quarterly Data

Book Value per Share CPI Adj_Book
201506 40.638 100.107 54.538
201509 41.699 100.245 55.884
201512 37.817 100.572 50.517
201603 37.631 101.653 49.734
201606 38.827 102.267 51.007
201609 39.547 102.118 52.028
201612 41.487 102.614 54.317
201703 42.797 103.972 55.300
201706 43.183 103.902 55.836
201709 43.994 104.170 56.739
201712 44.926 104.804 57.590
201803 44.249 105.419 56.392
201806 45.696 106.063 57.882
201809 46.354 106.618 58.410
201812 47.180 107.252 59.099
201903 46.680 107.876 58.135
201906 46.379 107.896 57.749
201909 47.064 107.470 58.834
201912 48.569 108.065 60.382
202003 47.367 108.550 58.624
202006 48.541 108.540 60.082
202009 50.157 108.441 62.139
202012 51.673 108.511 63.977
202103 53.440 109.522 65.554
202106 55.436 110.305 67.519
202109 56.629 111.543 68.206
202112 55.358 114.705 64.838
202203 55.435 118.620 62.785
202206 48.551 120.948 53.930
202209 48.058 124.120 52.018
202212 52.303 126.578 55.514
202303 55.474 126.528 58.902
202306 54.784 125.973 58.426
202309 57.600 127.083 60.893
202312 59.390 128.292 62.193
202403 59.274 130.552 60.997
202406 57.571 130.691 59.182
202409 58.785 130.968 60.302
202412 61.309 132.346 62.236
202503 63.521 134.348 63.521

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


KBC Groupe NV  (CHIX:KBCb) 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.

KBC Groupe NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=86.78/60.16
=1.44

* 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 KBC Groupe NV was 1.79. The lowest was 0.88. And the median was 1.28.


Be Aware

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


KBC Groupe NV Cyclically Adjusted Book per Share Related Terms

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


KBC Groupe NV Business Description

Industry
Address
Havenlaan 2, Brussels, BEL, 1080
KBC was formed in 1998 by the merger of Belgian commercial bank Kredietbank, cooperative farmers bank CERA Bank, and cooperative insurer ABB Verzekering. KBC offers banking, insurance, and investment products. Belgium and the Czech Republic account for the most of KBC's profits, while the bank has smaller operations in Hungary, Slovakia, and Bulgaria.

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