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Banco del Bajio (MEX:BBAJIOO) Cyclically Adjusted Book per Share : MXN28.82 (As of Mar. 2024)


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What is Banco del Bajio 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.

Banco del Bajio's adjusted book value per share for the three months ended in Mar. 2024 was MXN37.246. 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 MXN28.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Banco del Bajio's average Cyclically Adjusted Book Growth Rate was 12.30% 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.

As of today (2024-06-25), Banco del Bajio's current stock price is MXN53.60. Banco del Bajio's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN28.82. Banco del Bajio's Cyclically Adjusted PB Ratio of today is 1.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banco del Bajio was 2.55. The lowest was 1.77. And the median was 2.13.


Banco del Bajio Cyclically Adjusted Book per Share Historical Data

The historical data trend for Banco del Bajio'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.

Banco del Bajio Cyclically Adjusted Book per Share Chart

Banco del Bajio 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 - - - - 27.92

Banco del Bajio 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 25.67 26.06 26.95 27.92 28.82

Competitive Comparison of Banco del Bajio's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Banco del Bajio'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.


Banco del Bajio's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banco del Bajio's Cyclically Adjusted PB Ratio falls into.



Banco del Bajio 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, Banco del Bajio'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)
=37.246/152.9470*152.9470
=37.246

Current CPI (Mar. 2024) = 152.9470.

Banco del Bajio Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.284 96.609 16.281
201409 10.816 97.652 16.941
201412 11.127 99.469 17.109
201503 11.425 99.973 17.479
201506 11.731 99.382 18.054
201509 12.043 100.112 18.399
201512 12.467 101.588 18.770
201603 13.199 102.573 19.681
201606 13.626 101.905 20.451
201609 14.136 103.084 20.974
201612 14.665 105.002 21.361
201703 15.311 108.063 21.670
201706 18.566 108.339 26.211
201709 19.426 109.628 27.102
201712 20.320 112.114 27.721
201803 21.255 113.505 28.641
201806 21.655 113.373 29.214
201809 22.785 115.130 30.269
201812 23.993 117.530 31.223
201903 25.088 118.050 32.504
201906 24.499 117.848 31.796
201909 25.527 118.581 32.925
201912 26.608 120.854 33.674
202003 27.499 121.885 34.507
202006 27.925 121.777 35.073
202009 28.629 123.341 35.501
202012 29.303 124.661 35.952
202103 30.348 127.574 36.384
202106 29.382 128.936 34.854
202109 30.477 130.742 35.653
202112 31.867 133.830 36.419
202203 33.213 137.082 37.057
202206 30.835 139.233 33.872
202209 28.761 142.116 30.953
202212 31.063 144.291 32.926
202303 33.311 146.472 34.784
202306 31.597 146.272 33.039
202309 33.908 148.446 34.936
202312 34.910 151.017 35.356
202403 37.246 152.947 37.246

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


Banco del Bajio  (MEX:BBAJIOO) 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.

Banco del Bajio's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=53.60/28.82
=1.86

* 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 Banco del Bajio was 2.55. The lowest was 1.77. And the median was 2.13.


Be Aware

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


Banco del Bajio Cyclically Adjusted Book per Share Related Terms

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


Banco del Bajio (MEX:BBAJIOO) Business Description

Industry
Traded in Other Exchanges
Address
Avenida Manuel J. Clouthier No. 402, Col. Jardines del Campestre, León, MEX, 37128
Banco del Bajio SA is a Mexico based company engaged in the provision of full-banking services. Its activities include receiving deposits, accepting loans, granting loans, operations with securities, trust agreements, and financial factoring and leasing operations. The business segments of the company are Banking and credit transactions, Rediscounted transactions, Treasury transactions and other segments. It derives a majority of the revenue from the Banking and credit transactions activities segment. The bank operates majorly in Mexico.

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