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National Bank of Pakistan (KAR:NBP) Cyclically Adjusted Book per Share : ₨130.83 (As of Mar. 2024)


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What is National Bank of 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.

National Bank of Pakistan's adjusted book value per share for the three months ended in Mar. 2024 was ₨186.883. 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 ₨130.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, National Bank of Pakistan's average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 National Bank of Pakistan was 11.60% per year. The lowest was 11.60% per year. And the median was 11.60% per year.

As of today (2024-05-21), National Bank of Pakistan's current stock price is ₨40.12. National Bank of Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨130.83. National Bank of Pakistan's Cyclically Adjusted PB Ratio of today is 0.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of National Bank of Pakistan was 0.47. The lowest was 0.16. And the median was 0.26.


National Bank of Pakistan Cyclically Adjusted Book per Share Historical Data

The historical data trend for National Bank of 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.

National Bank of Pakistan Cyclically Adjusted Book per Share Chart

National Bank of Pakistan 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 - 91.03 104.51 115.22 126.38

National Bank of Pakistan 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 118.75 121.67 124.61 126.38 130.83

Competitive Comparison of National Bank of Pakistan's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, National Bank of 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.


National Bank of Pakistan's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



National Bank of 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, National Bank of Pakistan'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)
=186.883/131.7762*131.7762
=186.883

Current CPI (Mar. 2024) = 131.7762.

National Bank of Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201406 76.364 100.560 100.070
201409 79.421 100.428 104.212
201412 85.488 99.070 113.711
201503 79.906 99.621 105.698
201506 80.437 100.684 105.277
201509 79.590 100.392 104.472
201512 80.344 99.792 106.095
201603 73.362 100.470 96.221
201606 78.781 101.688 102.091
201609 80.484 101.861 104.121
201612 84.324 101.863 109.087
201703 79.901 102.862 102.361
201706 81.240 103.349 103.586
201709 82.906 104.136 104.912
201712 84.072 104.011 106.514
201803 86.989 105.290 108.872
201806 89.886 106.317 111.411
201809 89.963 106.507 111.307
201812 98.810 105.998 122.840
201903 101.876 107.251 125.173
201906 103.822 108.070 126.597
201909 106.028 108.329 128.977
201912 112.037 108.420 136.172
202003 113.711 108.902 137.596
202006 124.446 108.767 150.772
202009 128.393 109.815 154.070
202012 128.548 109.897 154.141
202103 129.547 111.754 152.757
202106 137.008 114.631 157.500
202109 139.460 115.734 158.791
202112 138.194 117.630 154.814
202203 143.511 121.301 155.904
202206 141.256 125.017 148.893
202209 145.102 125.227 152.691
202212 145.347 125.222 152.955
202303 148.705 127.348 153.876
202306 158.112 128.729 161.855
202309 167.962 129.860 170.441
202312 186.265 129.419 189.657
202403 186.883 131.776 186.883

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


National Bank of Pakistan  (KAR:NBP) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.12/130.83
=0.31

* 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 National Bank of Pakistan was 0.47. The lowest was 0.16. And the median was 0.26.


Be Aware

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


National Bank of Pakistan Cyclically Adjusted Book per Share Related Terms

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


National Bank of Pakistan (KAR:NBP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
I.I. Chundrigar Road, NBP Building, Karachi, SD, PAK
National Bank of Pakistan is a commercial bank which provides banking and related services in Pakistan and overseas. The company's operating segments include Retail Banking Group; Inclusive Development Group; Corporate and Investment Banking; Treasury; International Financial Institution and Remittance; Aitemaad and Islamic Banking and Head Office / Others. It generates maximum revenue from the Retail Banking Group segment. Geographically, it derives a majority of its revenue from Pakistan.

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