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BankIslami Pakistan (KAR:BIPL) Cyclically Adjusted Book per Share : ₨23.38 (As of Mar. 2025)


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What is BankIslami Pakistan 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.

BankIslami Pakistan's adjusted book value per share for the three months ended in Mar. 2025 was ₨40.877. 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 ₨23.38 for the trailing ten years ended in Mar. 2025.

During the past 12 months, BankIslami Pakistan's average Cyclically Adjusted Book Growth Rate was 14.10% 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.

As of today (2025-05-30), BankIslami Pakistan's current stock price is ₨20.53. BankIslami Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₨23.38. BankIslami Pakistan's Cyclically Adjusted PB Ratio of today is 0.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BankIslami Pakistan was 1.28. The lowest was 0.53. And the median was 0.96.


BankIslami Pakistan Cyclically Adjusted Book per Share Historical Data

The historical data trend for BankIslami Pakistan'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.

BankIslami Pakistan Cyclically Adjusted Book per Share Chart

BankIslami Pakistan 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 - - 17.81 19.67 22.47

BankIslami Pakistan 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 20.49 21.03 21.75 22.47 23.38

Competitive Comparison of BankIslami Pakistan's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, BankIslami Pakistan'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.


BankIslami Pakistan's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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BankIslami Pakistan 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, BankIslami Pakistan'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)
=40.877/134.9266*134.9266
=40.877

Current CPI (Mar. 2025) = 134.9266.

BankIslami Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.043 100.684 25.520
201509 10.999 100.392 14.783
201512 11.124 99.792 15.040
201603 11.522 100.470 15.473
201606 11.883 101.688 15.767
201609 12.251 101.861 16.228
201612 12.680 101.863 16.796
201703 12.567 102.862 16.484
201706 12.591 103.349 16.438
201709 12.396 104.136 16.061
201712 13.811 104.011 17.916
201803 13.675 105.290 17.524
201806 13.851 106.317 17.578
201809 13.653 106.507 17.296
201812 14.854 105.998 18.908
201903 15.111 107.251 19.010
201906 14.150 108.070 17.667
201909 14.463 108.329 18.014
201912 18.272 108.420 22.739
202003 17.907 108.902 22.186
202006 17.542 108.767 21.761
202009 18.452 109.815 22.671
202012 18.306 109.897 22.475
202103 18.855 111.754 22.765
202106 19.523 114.631 22.979
202109 20.275 115.734 23.637
202112 20.571 117.630 23.596
202203 21.005 121.301 23.364
202206 21.965 125.017 23.706
202209 23.376 125.227 25.187
202212 24.164 125.222 26.037
202303 24.580 127.348 26.043
202306 27.478 128.729 28.801
202309 29.911 129.860 31.078
202312 32.806 129.419 34.202
202403 33.781 131.776 34.589
202406 37.227 132.554 37.893
202409 41.480 133.029 42.072
202412 43.488 133.157 44.066
202503 40.877 134.927 40.877

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


BankIslami Pakistan  (KAR:BIPL) 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.

BankIslami Pakistan's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.53/23.38
=0.88

* 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 BankIslami Pakistan was 1.28. The lowest was 0.53. And the median was 0.96.


Be Aware

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


BankIslami Pakistan Cyclically Adjusted Book per Share Related Terms

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


BankIslami Pakistan Business Description

Industry
Traded in Other Exchanges
N/A
Address
Marine Drive, Block-4, 11th Floor, Executive Tower, Dolmen City, Karachi, SD, PAK
BankIslami Pakistan Ltd provides various banking products and services in Pakistan. The Bank's segments include Trading and Sales including equity, foreign exchanges, commodities, money market placements, and Shariah-compliant debt investments; Retail Banking includes retail Islamic financing and related assets, deposits, and banking services offered to the Bank's retail customers; and Commercial Banking includes investment banking business, trade business and Islamic financing and related assets relating to the Bank's corporate, SME and agriculture customers; and Support Centre segment includes the assets and liabilities relating to support functions at Head Office and their related income and expenses. The Majority of the firm's revenue derives from the Retail Banking segment.

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