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Mutual Trust Bank (DHA:MTB) Cyclically Adjusted Book per Share : BDT18.57 (As of Mar. 2025)


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What is Mutual Trust 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.

Mutual Trust Bank's adjusted book value per share for the three months ended in Mar. 2025 was BDT23.696. 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 BDT18.57 for the trailing ten years ended in Mar. 2025.

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 (2025-05-28), Mutual Trust Bank's current stock price is BDT10.50. Mutual Trust Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was BDT18.57. Mutual Trust Bank's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Mutual Trust Bank was 0.60. The lowest was 0.56. And the median was 0.57.


Mutual Trust Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mutual Trust 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.

Mutual Trust Bank Cyclically Adjusted Book per Share Chart

Mutual Trust Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
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Mutual Trust 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 - - - - 18.57

Competitive Comparison of Mutual Trust Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Mutual Trust 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.


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

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

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


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Mutual Trust 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, Mutual Trust 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)
=23.696/134.9266*134.9266
=23.696

Current CPI (Mar. 2025) = 134.9266.

Mutual Trust Bank Quarterly Data

Book Value per Share CPI Adj_Book
201312 5.569 98.326 7.642
201412 6.920 99.070 9.425
201512 9.126 99.792 12.339
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 10.035 101.863 13.292
201703 10.149 102.862 13.313
201706 10.215 103.349 13.336
201709 10.276 104.136 13.314
201712 12.022 104.011 15.595
201803 12.360 105.290 15.839
201806 12.810 106.317 16.257
201809 13.036 106.507 16.514
201812 13.621 105.998 17.338
201903 13.992 107.251 17.603
201906 14.509 108.070 18.115
201909 14.817 108.329 18.455
201912 15.063 108.420 18.746
202003 15.624 108.902 19.358
202006 15.934 108.767 19.766
202009 15.940 109.815 19.585
202012 15.730 109.897 19.313
202103 16.388 111.754 19.786
202106 16.636 114.631 19.581
202109 16.634 115.734 19.392
202112 18.175 117.630 20.848
202203 18.642 121.301 20.736
202206 19.273 125.017 20.801
202209 20.140 125.227 21.700
202212 19.725 125.222 21.254
202303 20.341 127.348 21.552
202306 20.683 128.729 21.679
202309 21.590 129.860 22.432
202312 22.290 129.419 23.239
202403 23.203 131.776 23.758
202406 22.952 132.554 23.363
202409 23.759 133.029 24.098
202412 23.585 133.157 23.898
202503 23.696 134.927 23.696

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


Mutual Trust Bank  (DHA:MTB) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.50/18.57
=0.57

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Mutual Trust Bank was 0.60. The lowest was 0.56. And the median was 0.57.


Be Aware

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


Mutual Trust Bank Cyclically Adjusted Book per Share Related Terms

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


Mutual Trust Bank Business Description

Industry
Traded in Other Exchanges
N/A
Address
26 Gulshan Avenue, Gulshan 1, MTB Centre, Dhaka, BGD, 1212
Mutual Trust Bank PLC is a company that engages in the provision of various commercial banking and related services. Its products and services include savings and current accounts, and fixed deposits; personal, auto, home, home equity, and professional's loan products; overdraft facilities; credit cards; and locker services. The company's reportable segments include DBO (Domestic Banking Operation), OBU (Offshore Banking Unit), MTB Securities Limited, and MTB Capital Limited. The majority of its revenue is generated from the Domestic Banking Operation (Mian Operations) segment which includes the full range of commercial banking products and services offered by the following different business units: Corporate, Commercial, Retail Banking, Treasury, and Islamic Banking.