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United Commercial Bank (DHA:UCB) Cyclically Adjusted Book per Share : BDT24.02 (As of Mar. 2025)


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What is United Commercial 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.

United Commercial Bank's adjusted book value per share for the three months ended in Mar. 2025 was BDT24.574. 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 BDT24.02 for the trailing ten years ended in Mar. 2025.

During the past 12 months, United Commercial Bank's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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 United Commercial Bank was 8.10% per year. The lowest was 8.10% per year. And the median was 8.10% per year.

As of today (2025-06-29), United Commercial Bank's current stock price is BDT10.00. United Commercial Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was BDT24.02. United Commercial Bank's Cyclically Adjusted PB Ratio of today is 0.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Commercial Bank was 0.86. The lowest was 0.37. And the median was 0.54.


United Commercial Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Commercial 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.

United Commercial Bank Cyclically Adjusted Book per Share Chart

United Commercial 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 - 18.63 20.39 22.10 23.56

United Commercial 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 22.71 23.08 23.39 23.56 24.02

Competitive Comparison of United Commercial Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, United Commercial 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.


United Commercial Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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United Commercial 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, United Commercial 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)
=24.574/134.9266*134.9266
=24.574

Current CPI (Mar. 2025) = 134.9266.

United Commercial Bank Quarterly Data

Book Value per Share CPI Adj_Book
201506 14.595 100.684 19.559
201509 14.952 100.392 20.096
201512 15.764 99.792 21.314
201603 14.794 100.470 19.868
201606 15.192 101.688 20.158
201609 15.620 101.861 20.690
201612 15.867 101.863 21.017
201703 15.911 102.862 20.871
201706 15.632 103.349 20.408
201709 16.434 104.136 21.293
201712 16.507 104.011 21.413
201803 16.705 105.290 21.407
201806 16.539 106.317 20.990
201809 17.009 106.507 21.548
201812 18.671 105.998 23.767
201903 17.784 107.251 22.373
201906 18.247 108.070 22.782
201909 18.761 108.329 23.367
201912 20.495 108.420 25.506
202003 20.746 108.902 25.704
202006 20.955 108.767 25.995
202009 21.546 109.815 26.473
202012 21.954 109.897 26.954
202103 23.365 111.754 28.210
202106 23.832 114.631 28.051
202109 22.764 115.734 26.539
202112 22.968 117.630 26.345
202203 23.164 121.301 25.766
202206 23.600 125.017 25.471
202209 24.050 125.227 25.913
202212 24.681 125.222 26.594
202303 24.973 127.348 26.459
202306 25.132 128.729 26.342
202309 25.143 129.860 26.124
202312 25.541 129.419 26.628
202403 25.796 131.776 26.413
202406 26.025 132.554 26.491
202409 26.064 133.029 26.436
202412 24.570 133.157 24.897
202503 24.574 134.927 24.574

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


United Commercial Bank  (DHA:UCB) 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.

United Commercial Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.00/24.02
=0.42

* 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 United Commercial Bank was 0.86. The lowest was 0.37. And the median was 0.54.


Be Aware

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


United Commercial Bank Cyclically Adjusted Book per Share Related Terms

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


United Commercial Bank Business Description

Industry
Traded in Other Exchanges
N/A
Address
Road No. - 34, Gulshan Avenue, Plot - CWS- (A)-1, Bulus Center, Dhaka, BGD, 1212
United Commercial Bank PLC is a commercial bank. The company through its delivery channels and subsidiaries offers a wide range of banking products and services to corporate, SME, and retail customers. Its products and services include deposit products like current deposits, fixed deposits, and UCB Multi-Millionaires. Loan products such as trade finance, import finance, loan syndication, and pacing credit. It also provides other services such as Western Union Money Transfer, online services internet banking. The reportable segments of the company are Corporate Banking, SME Banking, Consumer Banking, Treasury, Investment Banking, Offshore Banking, Card and Alternate Delivery Channel, Mobile Financial Services, and Agent Banking.