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LankaBangla Finance (DHA:LANKABAFIN) Cyclically Adjusted Book per Share : BDT19.96 (As of Sep. 2024)


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What is LankaBangla Finance 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.

LankaBangla Finance's adjusted book value per share for the three months ended in Sep. 2024 was BDT18.297. 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 BDT19.96 for the trailing ten years ended in Sep. 2024.

During the past 12 months, LankaBangla Finance's average Cyclically Adjusted Book Growth Rate was 3.40% 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.

As of today (2025-06-03), LankaBangla Finance's current stock price is BDT14.30. LankaBangla Finance's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was BDT19.96. LankaBangla Finance's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of LankaBangla Finance was 2.36. The lowest was 0.74. And the median was 1.36.


LankaBangla Finance Cyclically Adjusted Book per Share Historical Data

The historical data trend for LankaBangla Finance'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.

LankaBangla Finance Cyclically Adjusted Book per Share Chart

LankaBangla Finance 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 - - 16.73 18.65 19.33

LankaBangla Finance Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 19.31 19.33 19.72 19.87 19.96

Competitive Comparison of LankaBangla Finance's Cyclically Adjusted Book per Share

For the Credit Services subindustry, LankaBangla Finance'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.


LankaBangla Finance's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, LankaBangla Finance's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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LankaBangla Finance 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, LankaBangla Finance's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=18.297/133.0289*133.0289
=18.297

Current CPI (Sep. 2024) = 133.0289.

LankaBangla Finance Quarterly Data

Book Value per Share CPI Adj_Book
201412 12.130 99.070 16.288
201503 12.752 99.621 17.028
201506 13.434 100.684 17.750
201509 13.591 100.392 18.009
201512 12.459 99.792 16.609
201603 11.920 100.470 15.783
201606 12.290 101.688 16.078
201609 12.394 101.861 16.186
201612 13.305 101.863 17.376
201703 13.075 102.862 16.910
201706 13.746 103.349 17.694
201709 14.569 104.136 18.611
201712 16.569 104.011 21.192
201803 18.835 105.290 23.797
201806 19.196 106.317 24.019
201809 17.674 106.507 22.075
201812 18.230 105.998 22.879
201903 16.826 107.251 20.870
201906 17.213 108.070 21.188
201909 17.200 108.329 21.122
201912 17.598 108.420 21.592
202003 17.728 108.902 21.656
202006 17.740 108.767 21.697
202009 17.813 109.815 21.579
202012 18.645 109.897 22.570
202103 19.146 111.754 22.791
202106 18.242 114.631 21.170
202109 19.200 115.734 22.069
202112 19.818 117.630 22.412
202203 20.246 121.301 22.203
202206 19.396 125.017 20.639
202209 19.674 125.227 20.900
202212 20.020 125.222 21.268
202303 19.405 127.348 20.271
202306 18.526 128.729 19.145
202309 18.592 129.860 19.046
202312 18.816 129.419 19.341
202403 18.965 131.776 19.145
202406 19.017 132.554 19.085
202409 18.297 133.029 18.297

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


LankaBangla Finance  (DHA:LANKABAFIN) 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.

LankaBangla Finance's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.30/19.96
=0.72

* 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 LankaBangla Finance was 2.36. The lowest was 0.74. And the median was 1.36.


Be Aware

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


LankaBangla Finance Cyclically Adjusted Book per Share Related Terms

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


LankaBangla Finance Business Description

Traded in Other Exchanges
N/A
Address
20, Kemal Ataturk Avenue, Safura Tower (Level 11), Banani, Dhaka, BGD, 1213
LankaBangla Finance PLC is engaged in providing financial services. The company offers corporate financial services, personal financial services, SME financial services, stock broking, corporate advisory and wealth management services. It is a financial institution to operate credit card and provide third-party card processing services to different banks in Bangladesh. The company has four reportable segments being Core Financing Business; Brokerage; Investment Business, and Asset Management Business. It derives majority of its revenues from the Core Financing Business segment.

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