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Bank Of China (MEX:3980) Cyclically Adjusted Book per Share : MXN11.26 (As of Dec. 2024)


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What is Bank Of China 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.

Bank Of China's adjusted book value per share for the three months ended in Dec. 2024 was MXN26.240. 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 MXN11.26 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Bank Of China's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Bank Of China was 11.40% per year. The lowest was 8.70% per year. And the median was 10.40% per year.

As of today (2025-04-26), Bank Of China's current stock price is MXN11.15. Bank Of China's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was MXN11.26. Bank Of China's Cyclically Adjusted PB Ratio of today is 0.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Of China was 2.15. The lowest was 0.57. And the median was 0.86.


Bank Of China Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Of China'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.

Bank Of China Cyclically Adjusted Book per Share Chart

Bank Of China 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 - - - - 11.26

Bank Of China Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - 11.04 11.26

Competitive Comparison of Bank Of China's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Bank Of China'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.


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

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

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


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Bank Of China 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, Bank Of China's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=26.24/114.8925*114.8925
=26.240

Current CPI (Dec. 2024) = 114.8925.

Bank Of China Quarterly Data

Book Value per Share CPI Adj_Book
201503 9.362 99.900 10.767
201506 9.623 99.500 11.112
201509 10.449 100.500 11.945
201512 10.916 100.600 12.467
201603 11.226 102.200 12.620
201606 11.903 101.400 13.487
201609 12.701 102.400 14.250
201612 13.278 102.600 14.869
201703 12.541 103.200 13.962
201706 12.193 103.100 13.588
201709 12.965 104.100 14.309
201712 14.128 104.500 15.533
201803 13.721 105.300 14.971
201806 14.735 104.900 16.139
201809 13.708 106.600 14.774
201812 14.662 106.500 15.817
201903 15.745 107.700 16.796
201906 15.303 107.700 16.325
201909 15.711 109.800 16.440
201912 15.453 111.200 15.966
202003 19.856 112.300 20.314
202006 19.697 110.400 20.499
202009 19.830 111.700 20.397
202012 19.539 111.500 20.133
202103 20.690 112.662 21.100
202106 20.899 111.769 21.483
202109 22.080 112.215 22.607
202112 23.036 113.108 23.400
202203 22.920 114.335 23.032
202206 22.412 114.558 22.477
202209 22.025 115.339 21.940
202212 21.890 115.116 21.848
202303 20.946 115.116 20.905
202306 19.483 114.558 19.540
202309 19.831 115.339 19.754
202312 20.269 114.781 20.289
202403 19.836 115.227 19.778
202406 21.696 114.781 21.717
202409 24.790 115.785 24.599
202412 26.240 114.893 26.240

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


Bank Of China  (MEX:3980) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.15/11.26
=0.99

* 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 Bank Of China was 2.15. The lowest was 0.57. And the median was 0.86.


Be Aware

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


Bank Of China Cyclically Adjusted Book per Share Related Terms

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


Bank Of China Business Description

Industry
Address
No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818
Bank of China was founded in 1912 and has its headquarters in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across Greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%. BOC has the most extensive global reach among Chinese banks, with operations in 64 countries and regions.

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