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Webster Financial (FRA:WED) Cyclically Adjusted Book per Share : €35.41 (As of Sep. 2024)


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What is Webster Financial 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.

Webster Financial's adjusted book value per share for the three months ended in Sep. 2024 was €46.851. 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 €35.41 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Webster Financial's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.60% 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 Webster Financial was 10.30% per year. The lowest was -3.10% per year. And the median was 5.10% per year.

As of today (2024-12-14), Webster Financial's current stock price is €56.50. Webster Financial's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €35.41. Webster Financial's Cyclically Adjusted PB Ratio of today is 1.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Webster Financial was 2.65. The lowest was 0.76. And the median was 1.50.


Webster Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Webster Financial'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.

Webster Financial Cyclically Adjusted Book per Share Chart

Webster Financial 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 23.47 22.32 27.70 32.07 34.34

Webster Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 34.36 34.34 35.54 34.72 35.41

Competitive Comparison of Webster Financial's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Webster Financial'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.


Webster Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Webster Financial 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, Webster Financial's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=46.851/133.0289*133.0289
=46.851

Current CPI (Sep. 2024) = 133.0289.

Webster Financial Quarterly Data

Book Value per Share CPI Adj_Book
201412 19.482 99.070 26.160
201503 22.503 99.621 30.049
201506 21.922 100.684 28.965
201509 22.197 100.392 29.413
201512 22.972 99.792 30.623
201603 22.752 100.470 30.125
201606 22.905 101.688 29.964
201609 23.256 101.861 30.372
201612 24.842 101.863 32.443
201703 24.779 102.862 32.046
201706 24.001 103.349 30.894
201709 22.967 104.136 29.339
201712 23.479 104.011 30.029
201803 22.694 105.290 28.673
201806 24.337 106.317 30.452
201809 24.844 106.507 31.031
201812 26.142 105.998 32.809
201903 27.117 107.251 33.635
201906 28.089 108.070 34.576
201909 29.670 108.329 36.435
201912 29.953 108.420 36.752
202003 29.559 108.902 36.108
202006 29.829 108.767 36.483
202009 28.939 109.815 35.056
202012 28.156 109.897 34.083
202103 29.061 111.754 34.593
202106 29.177 114.631 33.860
202109 30.412 115.734 34.957
202112 32.175 117.630 36.387
202203 40.241 121.301 44.132
202206 41.452 125.017 44.109
202209 43.752 125.227 46.478
202212 42.165 125.222 44.794
202303 42.823 127.348 44.733
202306 42.595 128.729 44.018
202309 43.106 129.860 44.158
202312 44.810 129.419 46.060
202403 45.148 131.776 45.577
202406 46.207 132.554 46.373
202409 46.851 133.029 46.851

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


Webster Financial  (FRA:WED) 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.

Webster Financial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=56.50/35.41
=1.60

* 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 Webster Financial was 2.65. The lowest was 0.76. And the median was 1.50.


Be Aware

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


Webster Financial Cyclically Adjusted Book per Share Related Terms

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


Webster Financial Business Description

Industry
Traded in Other Exchanges
Address
200 Elm Street, Stamford, CT, USA, 06902
Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.

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