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Alior Bank (FRA:A6O) Cyclically Adjusted Book per Share : €14.38 (As of Mar. 2024)


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What is Alior 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.

Alior Bank's adjusted book value per share for the three months ended in Mar. 2024 was €17.771. 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 €14.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Alior Bank's average Cyclically Adjusted Book Growth Rate was 5.10% 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.

As of today (2024-05-14), Alior Bank's current stock price is €21.63. Alior Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.38. Alior Bank's Cyclically Adjusted PB Ratio of today is 1.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alior Bank was 1.67. The lowest was 0.42. And the median was 0.85.


Alior Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alior 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.

Alior Bank Cyclically Adjusted Book per Share Chart

Alior Bank 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 - - 10.69 11.80 14.45

Alior Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.56 13.25 12.41 14.45 14.38

Competitive Comparison of Alior Bank's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Alior 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.


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

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

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



Alior 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, Alior Bank's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=17.771/147.5783*147.5783
=17.771

Current CPI (Mar. 2024) = 147.5783.

Alior Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.773 101.180 11.337
201409 8.038 100.611 11.790
201412 8.300 100.122 12.234
201503 8.790 100.041 12.967
201506 8.888 100.448 13.058
201509 9.197 99.634 13.623
201512 9.314 99.471 13.819
201603 9.546 98.983 14.233
201606 10.604 99.552 15.720
201609 10.744 99.064 16.006
201612 11.260 100.366 16.557
201703 11.539 101.018 16.858
201706 11.679 101.180 17.035
201709 12.078 101.343 17.588
201712 12.230 102.564 17.598
201803 11.259 102.564 16.200
201806 11.478 103.378 16.386
201809 11.758 103.378 16.785
201812 11.740 103.785 16.694
201903 11.839 104.274 16.756
201906 12.044 105.983 16.771
201909 12.271 105.983 17.087
201912 12.195 107.123 16.801
202003 12.349 109.076 16.708
202006 11.525 109.402 15.547
202009 11.703 109.320 15.799
202012 11.873 109.565 15.992
202103 11.849 112.658 15.522
202106 11.914 113.960 15.429
202109 11.948 115.588 15.255
202112 10.714 119.088 13.277
202203 10.100 125.031 11.921
202206 9.631 131.705 10.792
202209 9.857 135.531 10.733
202212 11.168 139.113 11.848
202303 12.505 145.950 12.644
202306 13.911 147.009 13.965
202309 15.538 146.113 15.694
202312 16.742 147.578 16.742
202403 17.771 147.578 17.771

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


Alior Bank  (FRA:A6O) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.63/14.38
=1.50

* 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 Alior Bank was 1.67. The lowest was 0.42. And the median was 0.85.


Be Aware

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


Alior Bank Cyclically Adjusted Book per Share Related Terms

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


Alior Bank (FRA:A6O) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Alior Bank SA (FRA:A6O) » Definitions » Cyclically Adjusted Book per Share
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Address
ul. Lopuszanska 38D, Warsaw, POL, 02-232
Alior Bank SA is a universal lending and deposit-taking bank that provides services primarily to a Polish customer base. Its core activities include maintaining bank accounts, granting loans and advances, issuing banking securities, and buying and selling foreign currencies. Its subsidiary group company conducts brokerage activities, consulting, financial agency services, and other financial services. Its loan and advances book is diversified across various categories, notably retail cash loans and overdrafts, housing loans and other mortgages, working capital, and investment loans. About a quarter of the amounts due from customers originates from the Mazovia province. The group's operations are financed from the funds of non-financial-sector customers deposited with the bank.

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