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Skandinaviska Enskilda Banken AB (FRA:SEBA) Cyclically Adjusted Book per Share : €7.73 (As of Mar. 2024)


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What is Skandinaviska Enskilda Banken AB 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.

Skandinaviska Enskilda Banken AB's adjusted book value per share for the three months ended in Mar. 2024 was €8.966. 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 €7.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Skandinaviska Enskilda Banken AB's average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.00% 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 Skandinaviska Enskilda Banken AB was 11.50% per year. The lowest was 4.20% per year. And the median was 8.10% per year.

As of today (2024-05-17), Skandinaviska Enskilda Banken AB's current stock price is €13.01. Skandinaviska Enskilda Banken AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.73. Skandinaviska Enskilda Banken AB's Cyclically Adjusted PB Ratio of today is 1.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Skandinaviska Enskilda Banken AB was 2.10. The lowest was 1.05. And the median was 1.54.


Skandinaviska Enskilda Banken AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Skandinaviska Enskilda Banken AB'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.

Skandinaviska Enskilda Banken AB Cyclically Adjusted Book per Share Chart

Skandinaviska Enskilda Banken AB 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 5.80 6.36 6.75 7.35 7.92

Skandinaviska Enskilda Banken AB 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 7.35 7.23 7.44 7.92 7.73

Competitive Comparison of Skandinaviska Enskilda Banken AB's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Skandinaviska Enskilda Banken AB'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.


Skandinaviska Enskilda Banken AB's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Skandinaviska Enskilda Banken AB's Cyclically Adjusted PB Ratio falls into.



Skandinaviska Enskilda Banken AB 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, Skandinaviska Enskilda Banken AB'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)
=8.966/132.2054*132.2054
=8.966

Current CPI (Mar. 2024) = 132.2054.

Skandinaviska Enskilda Banken AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.195 100.432 8.155
201409 6.388 100.161 8.432
201412 6.535 100.225 8.620
201503 6.354 99.950 8.405
201506 6.558 99.995 8.670
201509 6.629 100.228 8.744
201512 7.037 100.276 9.278
201603 6.204 100.751 8.141
201606 6.524 101.019 8.538
201609 6.527 101.138 8.532
201612 6.692 102.022 8.672
201703 6.512 102.022 8.439
201706 6.550 102.752 8.428
201709 6.892 103.279 8.822
201712 6.562 103.793 8.358
201803 5.918 103.962 7.526
201806 6.276 104.875 7.912
201809 6.442 105.679 8.059
201812 6.693 105.912 8.355
201903 6.094 105.886 7.609
201906 6.218 106.742 7.701
201909 6.323 107.214 7.797
201912 6.869 107.766 8.427
202003 6.673 106.563 8.279
202006 7.050 107.498 8.670
202009 7.349 107.635 9.027
202012 7.817 108.296 9.543
202103 7.946 108.360 9.695
202106 8.381 108.928 10.172
202109 8.697 110.338 10.421
202112 8.724 112.486 10.253
202203 8.249 114.825 9.498
202206 8.501 118.384 9.494
202209 8.620 122.296 9.318
202212 8.786 126.365 9.192
202303 9.030 127.042 9.397
202306 8.569 129.407 8.754
202309 8.826 130.224 8.960
202312 9.565 131.912 9.586
202403 8.966 132.205 8.966

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


Skandinaviska Enskilda Banken AB  (FRA:SEBA) 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.

Skandinaviska Enskilda Banken AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.01/7.73
=1.68

* 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 Skandinaviska Enskilda Banken AB was 2.10. The lowest was 1.05. And the median was 1.54.


Be Aware

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


Skandinaviska Enskilda Banken AB Cyclically Adjusted Book per Share Related Terms

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


Skandinaviska Enskilda Banken AB (FRA:SEBA) Business Description

Address
Kungstradgardsgatan 8, Stockholm, SWE, SE-106 40
Skandinaviska Enskilda Banken is a Swedish universal bank with a strong focus on the corporate lending sector. The bank operates in the Nordics, the Baltics, Germany, and the United Kingdom but derives the majority of its operating profits from Sweden. SEB specializes in corporate lending, particularly to large corporations. Additionally, it serves large midcorporate and multinational companies, financial institutions, and about small and medium-size enterprises. It also serves about 4 million private customers in Sweden and the Baltics. The bank offers asset management, life insurance, and to a lesser extent private banking services to its clients.

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