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Nordea Bank Abp (LTS:0N4T) Cyclically Adjusted Book per Share : kr95.43 (As of Mar. 2025)


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What is Nordea Bank Abp 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.

Nordea Bank Abp's adjusted book value per share for the three months ended in Mar. 2025 was kr93.749. 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 kr95.43 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Nordea Bank Abp's average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.90% 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 Nordea Bank Abp was 8.20% per year. The lowest was 4.20% per year. And the median was 6.70% per year.

As of today (2025-05-30), Nordea Bank Abp's current stock price is kr138.40. Nordea Bank Abp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr95.43. Nordea Bank Abp's Cyclically Adjusted PB Ratio of today is 1.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nordea Bank Abp was 1.89. The lowest was 0.75. And the median was 1.29.


Nordea Bank Abp Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nordea Bank Abp'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.

Nordea Bank Abp Cyclically Adjusted Book per Share Chart

Nordea Bank Abp 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 73.27 78.52 87.86 92.35 94.64

Nordea Bank Abp 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 94.49 94.46 94.66 94.64 95.43

Competitive Comparison of Nordea Bank Abp's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Nordea Bank Abp'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.


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

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

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


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Nordea Bank Abp 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, Nordea Bank Abp'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)
=93.749/123.0100*123.0100
=93.749

Current CPI (Mar. 2025) = 123.0100.

Nordea Bank Abp Quarterly Data

Book Value per Share CPI Adj_Book
201506 68.586 100.030 84.342
201509 69.835 100.130 85.793
201512 71.220 99.990 87.616
201603 66.987 100.080 82.335
201606 69.705 100.390 85.411
201609 73.693 100.540 90.163
201612 77.976 101.020 94.950
201703 72.942 100.910 88.917
201706 75.408 101.140 91.714
201709 75.959 101.320 92.220
201712 81.568 101.510 98.844
201803 77.732 101.730 93.992
201806 81.393 102.320 97.851
201809 84.297 102.600 101.066
201812 83.757 102.710 100.311
201903 79.317 102.870 94.846
201906 81.741 103.360 97.281
201909 80.760 103.540 95.946
201912 81.702 103.650 96.962
202003 84.711 103.490 100.689
202006 82.394 103.320 98.096
202009 84.053 103.710 99.695
202012 84.986 103.890 100.627
202103 86.820 104.870 101.838
202106 88.878 105.360 103.767
202109 92.111 106.290 106.601
202112 87.472 107.490 100.102
202203 84.751 110.950 93.963
202206 86.880 113.570 94.102
202209 90.409 114.920 96.774
202212 93.134 117.320 97.651
202303 87.875 119.750 90.267
202306 94.923 120.690 96.748
202309 101.298 121.280 102.743
202312 99.251 121.540 100.451
202403 93.402 122.360 93.898
202406 97.935 122.230 98.560
202409 102.057 122.260 102.683
202412 106.969 122.390 107.511
202503 93.749 123.010 93.749

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


Nordea Bank Abp  (LTS:0N4T) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=138.40/95.43
=1.45

* 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 Nordea Bank Abp was 1.89. The lowest was 0.75. And the median was 1.29.


Be Aware

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


Nordea Bank Abp Cyclically Adjusted Book per Share Related Terms

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


Nordea Bank Abp Business Description

Industry
Address
Hamnbanegatan 5, Helsinki, FIN, FI-00020
Nordea is a universal Nordic bank which generates most of its income through vanilla lending products such as mortgages, household loans and corporate loans. The bank is also a leading equity and debt underwriter and issuer specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.

Nordea Bank Abp Headlines

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