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Bankinter (FRA:BAKA) Cyclically Adjusted Book per Share : €5.81 (As of Jun. 2024)


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What is Bankinter 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.

Bankinter's adjusted book value per share for the three months ended in Jun. 2024 was €6.280. 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 €5.81 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Bankinter's average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 5 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 Bankinter was 7.30% per year. The lowest was 1.20% per year. And the median was 5.65% per year.

As of today (2024-09-21), Bankinter's current stock price is €7.98. Bankinter's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €5.81. Bankinter's Cyclically Adjusted PB Ratio of today is 1.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bankinter was 1.59. The lowest was 0.50. And the median was 1.06.


Bankinter Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bankinter'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.

Bankinter Cyclically Adjusted Book per Share Chart

Bankinter 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 4.46 4.53 4.95 5.37 5.61

Bankinter Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.44 5.56 5.61 5.69 5.81

Competitive Comparison of Bankinter's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bankinter'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.


Bankinter's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Bankinter 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, Bankinter's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=6.28/124.4086*124.4086
=6.280

Current CPI (Jun. 2024) = 124.4086.

Bankinter Quarterly Data

Book Value per Share CPI Adj_Book
201409 4.058 100.441 5.026
201412 4.054 100.251 5.031
201503 4.107 99.474 5.136
201506 4.101 101.138 5.045
201509 4.183 99.559 5.227
201512 4.226 100.268 5.243
201603 4.271 98.638 5.387
201606 4.428 100.333 5.491
201609 4.536 99.737 5.658
201612 4.559 101.842 5.569
201703 4.594 100.896 5.665
201706 4.698 101.848 5.739
201709 4.784 101.524 5.862
201712 4.848 102.975 5.857
201803 4.906 102.122 5.977
201806 4.893 104.165 5.844
201809 4.953 103.818 5.935
201812 4.991 104.193 5.959
201903 5.059 103.488 6.082
201906 5.204 104.612 6.189
201909 5.321 103.905 6.371
201912 5.341 105.015 6.327
202003 5.190 103.469 6.240
202006 5.253 104.254 6.269
202009 5.394 103.521 6.482
202012 5.528 104.456 6.584
202103 5.618 104.857 6.666
202106 5.427 107.102 6.304
202109 5.393 107.669 6.231
202112 5.399 111.298 6.035
202203 5.402 115.153 5.836
202206 5.357 118.044 5.646
202209 5.437 117.221 5.770
202212 5.458 117.650 5.772
202303 5.539 118.948 5.793
202306 5.672 120.278 5.867
202309 5.890 121.343 6.039
202312 5.923 121.300 6.075
202403 6.046 122.762 6.127
202406 6.280 124.409 6.280

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


Bankinter  (FRA:BAKA) 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.

Bankinter's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.98/5.81
=1.37

* 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 Bankinter was 1.59. The lowest was 0.50. And the median was 1.06.


Be Aware

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


Bankinter Cyclically Adjusted Book per Share Related Terms

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


Bankinter Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bankinter SA (FRA:BAKA) » Definitions » Cyclically Adjusted Book per Share
Address
Paseo de la Castellana 29, Madrid, ESP, 28046
Bankinter SA is a bank operating primarily in Spain. Its services include financial planning, asset management, retail banking, corporate banking, treasury, and international banking. Customer loans constitute the overwhelming majority of earning assets on the balance sheet. The bank's strategy emphasizes innovation, as well as both organic and acquisitive growth, including international expansion beginning with Portugal. Bankinter's stated purpose for this expansion is to diversify its revenue base away from traditional spread lending and toward fee and commission income from private banking and asset management. To this end, the company has also placed an increasingly greater emphasis on corporate banking and higher-margin consumer finance.

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