GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credit Agricole SA (MEX:ACAF) » Definitions » Cyclically Adjusted Book per Share

Credit Agricole (MEX:ACAF) Cyclically Adjusted Book per Share : MXN440.56 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Credit Agricole 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.

Credit Agricole's adjusted book value per share for the three months ended in Mar. 2024 was MXN431.669. 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 MXN440.56 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% 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 Credit Agricole was 8.00% per year. The lowest was 0.90% per year. And the median was 3.85% per year.

As of today (2024-06-23), Credit Agricole's current stock price is MXN281.95. Credit Agricole's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN440.56. Credit Agricole's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Credit Agricole was 0.77. The lowest was 0.30. And the median was 0.53.


Credit Agricole Cyclically Adjusted Book per Share Historical Data

The historical data trend for Credit Agricole'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.

Credit Agricole Cyclically Adjusted Book per Share Chart

Credit Agricole Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 457.42 482.95 476.59 385.27

Credit Agricole Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 484.22 421.29 385.27 440.56

Competitive Comparison of Credit Agricole's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Credit Agricole'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.


Credit Agricole's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Credit Agricole 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, Credit Agricole's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=431.669/119.4700*119.4700
=431.669

Current CPI (Mar. 2024) = 119.4700.

Credit Agricole Quarterly Data

Book Value per Share CPI Adj_Book
201406 310.077 100.180 369.783
201409 318.790 99.920 381.163
201412 341.264 99.860 408.280
201503 322.919 100.170 385.137
201506 332.204 100.440 395.145
201509 363.357 99.950 434.320
201512 368.320 100.040 439.856
201603 388.260 100.020 463.761
201606 402.167 100.630 477.461
201609 460.204 100.340 547.943
201612 429.228 100.650 509.487
201703 398.376 101.170 470.436
201706 394.568 101.320 465.249
201709 424.739 101.330 500.775
201712 449.637 101.850 527.424
201803 433.962 102.750 504.578
201806 460.448 103.370 532.163
201809 442.076 103.560 509.992
201812 459.010 103.470 529.989
201903 473.015 103.890 543.951
201906 463.932 104.580 529.986
201909 469.868 104.500 537.178
201912 457.146 104.980 520.244
202003 562.829 104.590 642.903
202006 576.115 104.790 656.823
202009 583.239 104.550 666.471
202012 541.302 104.960 616.133
202103 1,008.083 105.750 1,138.872
202106 513.479 106.340 576.879
202109 529.286 106.810 592.021
202112 522.700 107.850 579.017
202203 490.977 110.490 530.881
202206 453.183 112.550 481.046
202209 829.535 112.740 879.054
202212 454.359 114.160 475.493
202303 0.000 116.790 0.000
202306 416.835 117.650 423.283
202309 811.426 118.260 819.728
202312 434.390 118.390 438.353
202403 431.669 119.470 431.669

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


Credit Agricole  (MEX:ACAF) 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.

Credit Agricole's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=281.95/440.56
=0.64

* 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 Credit Agricole was 0.77. The lowest was 0.30. And the median was 0.53.


Be Aware

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


Credit Agricole Cyclically Adjusted Book per Share Related Terms

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


Credit Agricole (MEX:ACAF) Business Description

Industry
Address
12 Place des Etats-Unis, Montrouge Cedex, Paris, FRA, 92127
Credit Agricole S.A. is majority-owned by a group of 39 mutually owned, regional French banks, and together, they form the Credit Agricole Group, the largest cooperative bank globally. Credit Agricole S.A. houses all of Credit Agricole Group's activities, excluding the core French retail and commercial banking operations and including corporate and investment banking, its insurance operations, its international operations, notably in Italy, LCL, a separately branded French retail bank, and Credit Agricole S.A.'s majority interest in individually listed asset manager Amundi. Credit Agricole S.A. also acts as the central bank for the group.

Credit Agricole (MEX:ACAF) Headlines

No Headlines