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PT Bank Victoria International Tbk (ISX:BVIC) Cyclically Adjusted Book per Share : Rp340.66 (As of Dec. 2023)


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What is PT Bank Victoria International Tbk 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.

PT Bank Victoria International Tbk's adjusted book value per share for the three months ended in Dec. 2023 was Rp241.339. 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 Rp340.66 for the trailing ten years ended in Dec. 2023.

During the past 12 months, PT Bank Victoria International Tbk's average Cyclically Adjusted Book Growth Rate was -0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.60% 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 PT Bank Victoria International Tbk was 1.60% per year. The lowest was 1.60% per year. And the median was 1.60% per year.

As of today (2024-05-22), PT Bank Victoria International Tbk's current stock price is Rp76.00. PT Bank Victoria International Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was Rp340.66. PT Bank Victoria International Tbk's Cyclically Adjusted PB Ratio of today is 0.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Bank Victoria International Tbk was 0.95. The lowest was 0.18. And the median was 0.34.


PT Bank Victoria International Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Bank Victoria International Tbk'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.

PT Bank Victoria International Tbk Cyclically Adjusted Book per Share Chart

PT Bank Victoria International Tbk 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 - 323.12 326.69 341.04 340.66

PT Bank Victoria International Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 341.04 340.93 340.89 340.03 340.66

Competitive Comparison of PT Bank Victoria International Tbk's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PT Bank Victoria International Tbk'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.


PT Bank Victoria International Tbk's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where PT Bank Victoria International Tbk's Cyclically Adjusted PB Ratio falls into.



PT Bank Victoria International Tbk 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, PT Bank Victoria International Tbk's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=241.339/129.3947*129.3947
=241.339

Current CPI (Dec. 2023) = 129.3947.

PT Bank Victoria International Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201403 257.549 92.483 360.340
201406 251.977 93.015 350.530
201409 251.445 94.576 344.016
201412 246.499 98.819 322.767
201503 252.304 98.388 331.818
201506 257.738 99.766 334.281
201509 299.325 101.037 383.337
201512 293.845 102.133 372.280
201603 302.613 102.764 381.034
201606 285.286 103.212 357.656
201609 314.005 104.142 390.144
201612 332.831 105.222 409.293
201703 314.809 106.476 382.571
201706 322.737 107.722 387.671
201709 332.535 108.020 398.335
201712 328.256 109.017 389.615
201803 331.216 110.097 389.273
201806 321.853 111.085 374.904
201809 319.788 111.135 372.331
201812 323.607 112.430 372.437
201903 330.660 112.829 379.210
201906 346.677 114.730 390.988
201909 336.205 114.905 378.602
201912 333.607 115.486 373.786
202003 295.409 116.252 328.805
202006 308.996 116.630 342.815
202009 305.438 116.397 339.547
202012 295.395 117.318 325.803
202103 278.666 117.840 305.991
202106 300.154 118.184 328.626
202109 283.964 118.262 310.696
202112 287.440 119.516 311.198
202203 285.042 120.948 304.948
202206 310.605 123.322 325.899
202209 256.129 125.298 264.502
202212 233.494 126.098 239.599
202303 236.959 126.953 241.517
202306 240.410 127.663 243.671
202309 241.737 128.151 244.082
202312 241.339 129.395 241.339

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


PT Bank Victoria International Tbk  (ISX:BVIC) 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.

PT Bank Victoria International Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=76.00/340.66
=0.22

* 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 PT Bank Victoria International Tbk was 0.95. The lowest was 0.18. And the median was 0.34.


Be Aware

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


PT Bank Victoria International Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Bank Victoria International Tbk (ISX:BVIC) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Gatot Subroto Kav. 23, Graha BIP Building, 10th Floor, Jakarta Selatan, IDN, 12930
PT Bank Victoria International Tbk is an Indonesia-based private commercial bank. It provides general banking services like collecting deposits, granting loans and advances, clearing and collection services, RTGS, bill payment, and many others. The group's operating segments are conventional segment which is the key revenue driver; and sharia segment. Conventional segment consists of products and services in the forms of savings products, lending products, and services. It operates in Jadetabek, West Java, Central Java, East Java, and Outer Java regions.

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