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TBC Bank Group (LSE:TBCG) Cyclically Adjusted Book per Share : £18.02 (As of Mar. 2025)


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What is TBC Bank Group 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.

TBC Bank Group's adjusted book value per share for the three months ended in Mar. 2025 was £27.810. 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 £18.02 for the trailing ten years ended in Mar. 2025.

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 (2025-05-28), TBC Bank Group's current stock price is £44.55. TBC Bank Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was £18.02. TBC Bank Group's Cyclically Adjusted PB Ratio of today is 2.47.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of TBC Bank Group was 2.61. The lowest was 1.75. And the median was 2.38.


TBC Bank Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for TBC Bank Group'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.

TBC Bank Group Cyclically Adjusted Book per Share Chart

TBC Bank Group 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 - - - - 17.29

TBC Bank Group 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 - - - 17.29 18.02

Competitive Comparison of TBC Bank Group's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, TBC Bank Group'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.


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

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

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


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TBC Bank Group 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, TBC Bank Group'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)
=27.81/136.1000*136.1000
=27.810

Current CPI (Mar. 2025) = 136.1000.

TBC Bank Group Quarterly Data

Book Value per Share CPI Adj_Book
201412 5.583 99.900 7.606
201509 0.000 100.200 0.000
201512 6.844 100.400 9.278
201603 0.000 100.400 0.000
201606 0.000 101.000 0.000
201609 7.231 101.500 9.696
201612 8.276 102.200 11.021
201703 8.703 102.700 11.533
201706 8.756 103.500 11.514
201709 9.248 104.300 12.068
201712 9.766 105.000 12.659
201803 9.861 105.100 12.770
201806 9.918 105.900 12.746
201809 10.512 106.600 13.421
201812 11.280 107.100 14.334
201903 11.871 107.000 15.099
201906 11.974 107.900 15.103
201909 12.549 108.400 15.756
201912 13.046 108.500 16.365
202003 12.916 108.600 16.187
202006 13.315 108.800 16.656
202009 14.179 109.200 17.672
202012 14.466 109.400 17.997
202103 15.680 109.700 19.453
202106 16.734 111.400 20.444
202109 17.302 112.400 20.950
202112 17.151 114.700 20.351
202203 19.402 116.500 22.666
202206 19.985 120.500 22.572
202209 21.018 122.300 23.390
202212 19.711 125.300 21.410
202303 20.846 126.800 22.375
202306 21.279 129.400 22.381
202309 21.885 130.100 22.894
202312 23.975 130.500 25.004
202403 24.129 131.600 24.954
202406 25.087 133.000 25.672
202409 26.352 133.500 26.865
202412 27.843 135.100 28.049
202503 27.810 136.100 27.810

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


TBC Bank Group  (LSE:TBCG) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=44.55/18.02
=2.47

* 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 12 years, the highest Cyclically Adjusted PB Ratio of TBC Bank Group was 2.61. The lowest was 1.75. And the median was 2.38.


Be Aware

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


TBC Bank Group Cyclically Adjusted Book per Share Related Terms

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


TBC Bank Group Business Description

Industry
Traded in Other Exchanges
Address
100 Bishopsgate, C/O Law Debenture, London, GBR, EC2N 4AG
TBC Bank Group PLC is a UK-based banking group. Its business activity involves universal banking operations within Georgia. The bank is focused on financial services activities, and the majority of its total assets relate to banking, insurance, leasing, brokerage, and corporate advisory services. Its operating segments include Georgian financial services (Georgia FS), which includes corporate and investment banking (CIB), Retail - non-business individual customers;, Micro, Small, and Medium Enterprises: (MSME), Uzbekistan and Other Operations. The majority of its revenues are derived from the Retail segment, which includes all non-business individual or individual business customers.

TBC Bank Group Headlines

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