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National Development Bank (COL:NDB.N0000) Cyclically Adjusted Book per Share : රු178.20 (As of Mar. 2025)


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What is National Development 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.

National Development Bank's adjusted book value per share for the three months ended in Mar. 2025 was රු192.530. 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 රු178.20 for the trailing ten years ended in Mar. 2025.

During the past 12 months, National Development Bank's average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% 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 National Development Bank was 5.90% per year. The lowest was 5.90% per year. And the median was 5.90% per year.

As of today (2025-06-03), National Development Bank's current stock price is රු114.00. National Development Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was රු178.20. National Development Bank's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of National Development Bank was 0.72. The lowest was 0.18. And the median was 0.39.


National Development Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for National Development 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.

National Development Bank Cyclically Adjusted Book per Share Chart

National Development Bank 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 - 147.27 160.30 167.50 175.14

National Development 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 171.35 173.10 174.11 175.14 178.20

Competitive Comparison of National Development Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, National Development 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.


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

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

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


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National Development 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, National Development Bank'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)
=192.53/134.9266*134.9266
=192.530

Current CPI (Mar. 2025) = 134.9266.

National Development Bank Quarterly Data

Book Value per Share CPI Adj_Book
201506 122.739 100.684 164.483
201509 124.573 100.392 167.427
201512 121.082 99.792 163.712
201603 118.940 100.470 159.730
201606 122.266 101.688 162.231
201609 128.325 101.861 169.981
201612 127.699 101.863 169.149
201703 124.693 102.862 163.563
201706 130.285 103.349 170.093
201709 131.354 104.136 170.193
201712 135.646 104.011 175.964
201803 138.049 105.290 176.907
201806 143.310 106.317 181.875
201809 151.209 106.507 191.557
201812 138.068 105.998 175.749
201903 138.230 107.251 173.900
201906 141.419 108.070 176.564
201909 145.085 108.329 180.706
201912 153.537 108.420 191.074
202003 157.369 108.902 194.977
202006 162.305 108.767 201.340
202009 165.366 109.815 203.181
202012 169.792 109.897 208.463
202103 175.972 111.754 212.460
202106 143.669 114.631 169.105
202109 145.645 115.734 169.797
202112 147.624 117.630 169.332
202203 139.394 121.301 155.052
202206 159.072 125.017 171.681
202209 154.290 125.227 166.241
202212 158.868 125.222 171.180
202303 163.249 127.348 172.964
202306 167.905 128.729 175.989
202309 179.034 129.860 186.020
202312 175.263 129.419 182.721
202403 175.666 131.776 179.866
202406 177.524 132.554 180.702
202409 179.803 133.029 182.368
202412 194.729 133.157 197.317
202503 192.530 134.927 192.530

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


National Development Bank  (COL:NDB.N0000) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=114.00/178.20
=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 National Development Bank was 0.72. The lowest was 0.18. And the median was 0.39.


Be Aware

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


National Development Bank Cyclically Adjusted Book per Share Related Terms

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


National Development Bank Business Description

Traded in Other Exchanges
N/A
Address
No. 40, Navam Mawatha, Colombo, LKA, 02
National Development Bank PLC is involved in the banking sector and its business operates under different segments that are Banking, Capital Markets, Property Investments, and Others. Its services include retail banking, small and medium enterprise (SME) banking, corporate banking, project and infrastructure financing, trade finance, investment banking, leasing, housing finance, credit cards, cash management, correspondent banking, remittance services, margin trading, pawning, treasury, underwriting, custodian, investment services and bancassurance. The Banking Segment generates maximum revenue for the company.

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