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OTP Bank (LSE:OTPD) Cyclically Adjusted Book per Share : $11.13 (As of Mar. 2025)


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What is OTP Bank 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.

OTP Bank's adjusted book value per share for the three months ended in Mar. 2025 was $28.259. 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 $11.13 for the trailing ten years ended in Mar. 2025.

During the past 12 months, OTP Bank's average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.70% 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 OTP Bank was 18.70% per year. The lowest was 17.70% per year. And the median was 18.20% per year.

As of today (2025-05-28), OTP Bank's current stock price is $17.00. OTP Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $11.13. OTP Bank's Cyclically Adjusted PB Ratio of today is 1.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of OTP Bank was 2.75. The lowest was 0.89. And the median was 1.63.


OTP Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for OTP Bank'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.

OTP Bank Cyclically Adjusted Book per Share Chart

OTP Bank 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 11.06 9.55 20.75 14.71 12.23

OTP Bank 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 14.39 13.56 13.70 12.23 11.13

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

For the Banks - Regional subindustry, OTP Bank'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.


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

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

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


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OTP Bank 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, OTP Bank'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)
=28.259/171.5766*171.5766
=28.259

Current CPI (Mar. 2025) = 171.5766.

OTP Bank Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.366 100.962 10.818
201509 6.201 99.704 10.671
201512 6.192 99.704 10.656
201603 6.232 99.482 10.748
201606 6.579 100.814 11.197
201609 6.943 100.370 11.869
201612 7.185 101.406 12.157
201703 7.265 102.147 12.203
201706 7.546 102.724 12.604
201709 7.951 102.902 13.257
201712 8.215 103.627 13.602
201803 8.037 104.219 13.231
201806 8.606 105.922 13.940
201809 8.923 106.588 14.364
201812 9.130 106.440 14.717
201903 9.412 108.068 14.943
201906 9.965 109.475 15.618
201909 11.002 109.623 17.220
201912 12.241 110.659 18.980
202003 11.627 112.287 17.766
202006 12.706 112.583 19.364
202009 12.545 113.398 18.981
202012 12.869 113.694 19.421
202103 13.353 116.358 19.690
202106 13.520 118.579 19.563
202109 13.533 119.541 19.424
202112 15.337 122.058 21.559
202203 15.190 126.351 20.627
202206 16.490 132.420 21.366
202209 17.961 143.597 21.461
202212 17.287 152.036 19.509
202303 17.627 158.105 19.129
202306 18.822 158.993 20.312
202309 20.961 161.140 22.319
202312 21.411 160.400 22.903
202403 23.285 163.879 24.379
202406 24.040 164.841 25.022
202409 25.490 165.877 26.366
202412 27.423 167.802 28.040
202503 28.259 171.577 28.259

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


OTP Bank  (LSE:OTPD) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.00/11.13
=1.53

* 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 OTP Bank was 2.75. The lowest was 0.89. And the median was 1.63.


Be Aware

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


OTP Bank Cyclically Adjusted Book per Share Related Terms

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


OTP Bank Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OTP Bank PLC (LSE:OTPD) » Definitions » Cyclically Adjusted Book per Share
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Address
16, Nador Street, Budapest, HUN, 1051
OTP Bank PLC provides universal financial services through several subsidiaries. It performs banking operations via its bank in Hungary. The Group's operating segments are as follows: OTP Core Hungary, Russia, Ukraine, Bulgaria, Romania, Serbia, Croatia, Montenegro, Albania, Moldova, Slovenia, Merkantil Group, Asset Management subsidiaries, other subsidiaries, Corporate Centre. The Bank provides comprehensive banking & other financial services to both retail & corporate customers: its activities include deposit collection from customers, raising money from the money & capital markets; It also offers mortgage loans, consumer credits, working capital & investment loans to companies, and municipalities. A majority of the bank's net revenue is net interest income.

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