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Bread Financial Holdings (MEX:BFH) Cyclically Adjusted Book per Share : MXN1,123.44 (As of Sep. 2024)


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What is Bread Financial Holdings 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.

Bread Financial Holdings's adjusted book value per share for the three months ended in Sep. 2024 was MXN1,233.488. 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 MXN1,123.44 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Bread Financial Holdings's average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 15.90% 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 Bread Financial Holdings was 18.10% per year. The lowest was -2.60% per year. And the median was 13.80% per year.

As of today (2025-01-18), Bread Financial Holdings's current stock price is MXN1156.00. Bread Financial Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was MXN1,123.44. Bread Financial Holdings's Cyclically Adjusted PB Ratio of today is 1.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bread Financial Holdings was 21.55. The lowest was 0.65. And the median was 3.73.


Bread Financial Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bread Financial Holdings'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.

Bread Financial Holdings Cyclically Adjusted Book per Share Chart

Bread Financial Holdings 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 430.17 336.03 715.43 1,490.50 1,938.83

Bread Financial Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1,831.93 1,938.83 660.60 568.08 1,123.44

Competitive Comparison of Bread Financial Holdings's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Bread Financial Holdings'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.


Bread Financial Holdings's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

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

* The bar in red indicates where Bread Financial Holdings's Cyclically Adjusted PB Ratio falls into.



Bread Financial Holdings 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, Bread Financial Holdings's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1233.488/133.0289*133.0289
=1,233.488

Current CPI (Sep. 2024) = 133.0289.

Bread Financial Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201412 553.918 99.070 743.791
201503 469.148 99.621 626.476
201506 498.032 100.684 658.026
201509 538.510 100.392 713.580
201512 567.734 99.792 756.821
201603 508.017 100.470 672.645
201606 545.874 101.688 714.115
201609 596.724 101.861 779.312
201612 595.594 101.863 777.824
201703 460.096 102.862 595.030
201706 464.048 103.349 597.313
201709 522.977 104.136 668.081
201712 657.711 104.011 841.204
201803 655.147 105.290 827.751
201806 757.149 106.317 947.383
201809 784.925 106.507 980.386
201812 857.505 105.998 1,076.181
201903 830.628 107.251 1,030.275
201906 902.592 108.070 1,111.052
201909 641.037 108.329 787.196
201912 629.314 108.420 772.153
202003 535.496 108.902 654.136
202006 558.713 108.767 683.339
202009 612.335 109.815 741.778
202012 609.167 109.897 737.390
202103 725.708 111.754 863.860
202106 820.231 114.631 951.872
202109 927.189 115.734 1,065.742
202112 857.559 117.630 969.826
202203 906.790 121.301 994.462
202206 919.045 125.017 977.945
202209 968.994 125.227 1,029.368
202212 884.939 125.222 940.112
202303 977.164 127.348 1,020.756
202306 936.242 128.729 967.517
202309 1,011.921 129.860 1,036.618
202312 1,004.683 129.419 1,032.704
202403 1,015.340 131.776 1,024.992
202406 1,168.506 132.554 1,172.694
202409 1,233.488 133.029 1,233.488

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


Bread Financial Holdings  (MEX:BFH) 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.

Bread Financial Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1156.00/1123.44
=1.03

* 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 Bread Financial Holdings was 21.55. The lowest was 0.65. And the median was 3.73.


Be Aware

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


Bread Financial Holdings Cyclically Adjusted Book per Share Related Terms

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


Bread Financial Holdings Business Description

Address
3095 Loyalty Circle, Columbus, OH, USA, 43219
Formed by a combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial is a provider of private label and co-branded credit cards, loyalty programs, and marketing services. The company's most financially significant unit is its credit card business that partners with retailers to jointly market Bread's credit cards to their customers. The company also retains minority interest in its recently spun-off LoyaltyOne division, which operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.