GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Santander SA (FRA:BSD2) » Definitions » Cyclically Adjusted Book per Share

Bancontander (FRA:BSD2) Cyclically Adjusted Book per Share : €6.50 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Bancontander 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.

Bancontander's adjusted book value per share for the three months ended in Mar. 2024 was €6.125. 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 €6.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bancontander's average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.10% 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 Bancontander was 19.40% per year. The lowest was -4.10% per year. And the median was 6.10% per year.

As of today (2024-05-24), Bancontander's current stock price is €4.759. Bancontander's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.50. Bancontander's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bancontander was 0.99. The lowest was 0.23. And the median was 0.56.


Bancontander Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bancontander'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.

Bancontander Cyclically Adjusted Book per Share Chart

Bancontander 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 6.90 6.51 6.29 6.46 6.48

Bancontander 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 6.50 6.53 6.50 6.48 6.50

Competitive Comparison of Bancontander's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Bancontander'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.


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

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

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



Bancontander 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, Bancontander'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)
=6.125/122.7621*122.7621
=6.125

Current CPI (Mar. 2024) = 122.7621.

Bancontander Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.117 101.081 7.429
201409 6.780 100.441 8.287
201412 6.168 100.251 7.553
201503 6.278 99.474 7.748
201506 6.036 101.138 7.327
201509 5.827 99.559 7.185
201512 5.757 100.268 7.048
201603 5.710 98.638 7.107
201606 5.794 100.333 7.089
201609 5.813 99.737 7.155
201612 5.888 101.842 7.097
201703 5.995 100.896 7.294
201706 5.748 101.848 6.928
201709 5.739 101.524 6.940
201712 5.614 102.975 6.693
201803 5.642 102.122 6.782
201806 5.586 104.165 6.583
201809 5.645 103.818 6.675
201812 5.698 104.193 6.713
201903 5.834 103.488 6.921
201906 5.821 104.612 6.831
201909 5.648 103.905 6.673
201912 5.774 105.015 6.750
202003 5.567 103.469 6.605
202006 4.752 104.254 5.596
202009 4.722 103.521 5.600
202012 4.706 104.456 5.531
202103 4.764 104.857 5.577
202106 4.933 107.102 5.654
202109 4.946 107.669 5.639
202112 5.095 111.298 5.620
202203 5.213 115.153 5.557
202206 5.330 118.044 5.543
202209 5.420 117.221 5.676
202212 5.306 117.650 5.537
202303 5.504 118.948 5.680
202306 5.775 120.278 5.894
202309 5.823 121.343 5.891
202312 6.007 121.300 6.079
202403 6.125 122.762 6.125

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


Bancontander  (FRA:BSD2) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.759/6.5
=0.73

* 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 Bancontander was 0.99. The lowest was 0.23. And the median was 0.56.


Be Aware

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


Bancontander Cyclically Adjusted Book per Share Related Terms

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


Bancontander (FRA:BSD2) Business Description

Industry
Address
Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660
Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's U.K. presence is the result of its acquisition of Abbey building society. In the U.S., Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.

Bancontander (FRA:BSD2) Headlines

No Headlines