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Bank Alfalah (KAR:BAFL) Cyclically Adjusted Book per Share : ₨63.93 (As of Mar. 2025)


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What is Bank Alfalah 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.

Bank Alfalah's adjusted book value per share for the three months ended in Mar. 2025 was ₨115.580. 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 ₨63.93 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bank Alfalah's average Cyclically Adjusted Book Growth Rate was 16.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.50% 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 Bank Alfalah was 14.50% per year. The lowest was 14.50% per year. And the median was 14.50% per year.

As of today (2025-05-28), Bank Alfalah's current stock price is ₨73.79. Bank Alfalah's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₨63.93. Bank Alfalah's Cyclically Adjusted PB Ratio of today is 1.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Alfalah was 1.46. The lowest was 0.60. And the median was 0.88.


Bank Alfalah Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Alfalah'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.

Bank Alfalah Cyclically Adjusted Book per Share Chart

Bank Alfalah Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 40.67 45.67 52.25 61.12

Bank Alfalah Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 54.78 56.79 59.06 61.12 63.93

Competitive Comparison of Bank Alfalah's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bank Alfalah'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.


Bank Alfalah's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Bank Alfalah 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, Bank Alfalah's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=115.58/134.9266*134.9266
=115.580

Current CPI (Mar. 2025) = 134.9266.

Bank Alfalah Quarterly Data

Book Value per Share CPI Adj_Book
201506 27.722 100.684 37.150
201509 29.288 100.392 39.363
201512 30.775 99.792 41.610
201603 31.771 100.470 42.667
201606 33.164 101.688 44.004
201609 33.956 101.861 44.979
201612 34.536 101.863 45.746
201703 35.769 102.862 46.919
201706 36.716 103.349 47.934
201709 36.815 104.136 47.701
201712 37.554 104.011 48.716
201803 38.042 105.290 48.750
201806 39.304 106.317 49.881
201809 39.676 106.507 50.263
201812 43.118 105.998 54.886
201903 43.905 107.251 55.235
201906 46.886 108.070 58.538
201909 47.292 108.329 58.903
201912 50.187 108.420 62.457
202003 50.259 108.902 62.270
202006 52.816 108.767 65.519
202009 53.586 109.815 65.840
202012 52.079 109.897 63.940
202103 50.367 111.754 60.811
202106 53.183 114.631 62.599
202109 53.047 115.734 61.844
202112 57.251 117.630 65.670
202203 57.939 121.301 64.447
202206 59.833 125.017 64.576
202209 66.705 125.227 71.872
202212 64.632 125.222 69.641
202303 67.265 127.348 71.268
202306 73.371 128.729 76.904
202309 77.276 129.860 80.291
202312 88.715 129.419 92.490
202403 90.271 131.776 92.429
202406 95.723 132.554 97.437
202409 108.074 133.029 109.616
202412 114.994 133.157 116.522
202503 115.580 134.927 115.580

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


Bank Alfalah  (KAR:BAFL) 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.

Bank Alfalah's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=73.79/63.93
=1.15

* 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 Bank Alfalah was 1.46. The lowest was 0.60. And the median was 0.88.


Be Aware

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


Bank Alfalah Cyclically Adjusted Book per Share Related Terms

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


Bank Alfalah Business Description

Industry
Traded in Other Exchanges
N/A
Address
I. I. Chundrigar Road, B.A. Building, Karachi, PAK, 74000
Bank Alfalah Ltd provides banking and financial services. The company's reportable segments include Retail banking, Corporate Banking, Treasury, Digital banking, Islamic (Domestic Operations), Overseas, and Others. It generates maximum revenue from the Retail banking segment. The Retail banking segment includes loans, deposits, trading activity, wealth management, and other banking transactions with retail, individual, commercial, and small and middle-sized customers of the Bank. Geographically, it derives a majority of its revenue from Pakistan.

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