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Svenska Handelsbanken AB (MEX:SHBA N) Cyclically Adjusted Book per Share : MXN140.07 (As of Jun. 2025)


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What is Svenska Handelsbanken AB 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.

Svenska Handelsbanken AB's adjusted book value per share for the three months ended in Jun. 2025 was MXN187.783. 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 MXN140.07 for the trailing ten years ended in Jun. 2025.

During the past 12 months, Svenska Handelsbanken AB's average Cyclically Adjusted Book Growth Rate was 1.40% 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 9.00% 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 Svenska Handelsbanken AB was 10.50% per year. The lowest was 8.70% per year. And the median was 10.30% per year.

As of today (2025-07-21), Svenska Handelsbanken AB's current stock price is MXN181.40. Svenska Handelsbanken AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2025 was MXN140.07. Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio of today is 1.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Svenska Handelsbanken AB was 1.60. The lowest was 0.97. And the median was 1.21.


Svenska Handelsbanken AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB Cyclically Adjusted Book per Share Chart

Svenska Handelsbanken AB 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 - 186.51 164.49 158.97 154.68

Svenska Handelsbanken AB Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 173.01 167.81 154.68 156.18 140.07

Competitive Comparison of Svenska Handelsbanken AB's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Svenska Handelsbanken AB'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.


Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio falls into.


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Svenska Handelsbanken AB 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, Svenska Handelsbanken AB's adjusted Book Value per Share data for the three months ended in Jun. 2025 was:

Adj_Book= Book Value per Share /CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=187.783/132.8245*132.8245
=187.783

Current CPI (Jun. 2025) = 132.8245.

Svenska Handelsbanken AB Quarterly Data

Book Value per Share CPI Adj_Book
201509 134.969 100.228 178.864
201512 136.158 100.276 180.354
201603 132.888 100.751 175.192
201606 149.064 101.019 195.996
201609 156.573 101.138 205.628
201612 157.077 102.022 204.503
201703 143.115 102.022 186.325
201706 144.526 102.752 186.824
201709 161.926 103.279 208.249
201712 170.430 103.793 218.101
201803 149.231 103.962 190.662
201806 158.784 104.875 201.101
201809 151.964 105.679 190.999
201812 159.090 105.912 199.516
201903 150.063 105.886 188.240
201906 155.066 106.742 192.957
201909 160.035 107.214 198.263
201912 161.395 107.766 198.924
202003 194.224 106.563 242.089
202006 204.348 107.498 252.493
202009 211.016 107.635 260.399
202012 205.974 108.296 252.627
202103 211.162 108.360 258.837
202106 213.855 108.928 260.771
202109 218.976 110.338 263.602
202112 207.111 112.486 244.559
202203 187.792 114.825 217.229
202206 187.989 118.384 210.921
202209 178.771 122.296 194.161
202212 184.081 126.365 193.491
202303 160.645 127.042 167.957
202306 157.814 129.407 161.982
202309 161.699 130.224 164.929
202312 171.393 131.912 172.579
202403 152.611 132.205 153.326
202406 172.074 132.716 172.215
202409 195.474 132.304 196.243
202412 201.381 132.987 201.135
202503 187.537 132.825 187.537
202506 187.783 132.825 187.783

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


Svenska Handelsbanken AB  (MEX:SHBA N) 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.

Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=181.40/140.07
=1.30

* 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 Svenska Handelsbanken AB was 1.60. The lowest was 0.97. And the median was 1.21.


Be Aware

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


Svenska Handelsbanken AB Cyclically Adjusted Book per Share Related Terms

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


Svenska Handelsbanken AB Business Description

Address
Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.

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