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OTP Bank (LTS:0M69) Cyclically Adjusted Book per Share : Ft6,366.80 (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 Ft20,177.429. 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 Ft6,366.80 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 Ft12590.00. OTP Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was Ft6,366.80. OTP Bank's Cyclically Adjusted PB Ratio of today is 1.98.

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 6,106.47 5,465.23 11,872.88 8,416.20 6,996.05

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 8,236.30 7,757.56 7,840.54 6,996.05 6,366.80

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)
=20177.429/171.5766*171.5766
=20,177.429

Current CPI (Mar. 2025) = 171.5766.

OTP Bank Quarterly Data

Book Value per Share CPI Adj_Book
201506 4,545.460 100.962 7,724.612
201509 4,427.622 99.704 7,619.324
201512 4,421.295 99.704 7,608.436
201603 4,449.929 99.482 7,674.800
201606 4,697.740 100.814 7,995.126
201609 4,957.303 100.370 8,474.209
201612 5,130.481 101.406 8,680.621
201703 5,187.259 102.147 8,713.087
201706 5,387.696 102.724 8,998.904
201709 5,677.236 102.902 9,466.139
201712 5,865.956 103.627 9,712.351
201803 5,738.204 104.219 9,446.844
201806 6,144.656 105.922 9,953.401
201809 6,371.083 106.588 10,255.675
201812 6,518.976 106.440 10,508.332
201903 6,719.962 108.068 10,669.090
201906 7,115.433 109.475 11,151.837
201909 7,855.372 109.623 12,294.903
201912 8,740.035 110.659 13,551.435
202003 8,302.168 112.287 12,685.843
202006 9,072.139 112.583 13,825.912
202009 8,957.526 113.398 13,553.225
202012 9,188.541 113.694 13,866.556
202103 9,534.228 116.358 14,058.734
202106 9,653.624 118.579 13,968.230
202109 9,663.011 119.541 13,869.260
202112 10,950.601 122.058 15,393.268
202203 10,845.782 126.351 14,727.892
202206 11,774.242 132.420 15,255.840
202209 12,824.078 143.597 15,322.793
202212 12,343.133 152.036 13,929.594
202303 12,586.131 158.105 13,658.545
202306 13,439.418 158.993 14,503.062
202309 14,966.111 161.140 15,935.435
202312 15,287.481 160.400 16,352.736
202403 16,625.826 163.879 17,406.804
202406 17,164.799 164.841 17,866.184
202409 18,199.910 165.877 18,825.255
202412 19,580.570 167.802 20,021.070
202503 20,177.429 171.577 20,177.429

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


OTP Bank  (LTS:0M69) 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
=12590.00/6366.80
=1.98

* 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

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OTP Bank PLC (LTS:0M69) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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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