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Shinhan Financial Group Co (MEX:SHG N) Cyclically Adjusted Book per Share : MXN1,601.41 (As of Mar. 2025)


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What is Shinhan Financial Group Co 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.

Shinhan Financial Group Co's adjusted book value per share for the three months ended in Mar. 2025 was MXN1,599.738. 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 MXN1,601.41 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Shinhan Financial Group Co's average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 Shinhan Financial Group Co was 9.40% per year. The lowest was 4.40% per year. And the median was 6.00% per year.

As of today (2025-07-03), Shinhan Financial Group Co's current stock price is MXN800.00. Shinhan Financial Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN1,601.41. Shinhan Financial Group Co's Cyclically Adjusted PB Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shinhan Financial Group Co was 0.92. The lowest was 0.37. And the median was 0.62.


Shinhan Financial Group Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shinhan Financial Group Co'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.

Shinhan Financial Group Co Cyclically Adjusted Book per Share Chart

Shinhan Financial Group Co 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 1,489.70 1,272.61 1,504.92 1,037.66 1,546.27

Shinhan Financial Group Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 925.03 892.08 1,310.81 1,546.27 1,601.41

Competitive Comparison of Shinhan Financial Group Co's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Shinhan Financial Group Co'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.


Shinhan Financial Group Co's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Shinhan Financial Group Co's Cyclically Adjusted PB Ratio falls into.


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Shinhan Financial Group Co 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, Shinhan Financial Group Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1599.738/122.5900*122.5900
=1,599.738

Current CPI (Mar. 2025) = 122.5900.

Shinhan Financial Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 883.243 100.051 1,082.219
201509 913.704 100.111 1,118.870
201512 947.344 100.220 1,158.795
201603 913.008 100.561 1,113.014
201606 1,010.576 100.791 1,229.146
201609 1,126.646 101.461 1,361.265
201612 1,133.200 101.561 1,367.834
201703 1,086.306 102.851 1,294.793
201706 1,064.414 102.611 1,271.658
201709 1,099.861 103.491 1,302.844
201712 1,244.743 102.991 1,481.618
201803 1,152.084 104.101 1,356.704
201806 1,261.384 104.130 1,484.996
201809 1,235.206 105.651 1,433.253
201812 1,317.961 104.351 1,548.325
201903 1,308.277 104.491 1,534.887
201906 1,322.041 104.881 1,545.267
201909 1,385.765 105.200 1,614.833
201912 1,353.851 105.121 1,578.829
202003 1,592.454 105.354 1,852.977
202006 1,639.314 105.112 1,911.902
202009 0.000 106.198 0.000
202012 1,540.799 105.765 1,785.901
202103 1,545.537 107.357 1,764.832
202106 1,574.235 107.579 1,793.902
202109 1,588.446 108.759 1,790.447
202112 1,608.975 109.676 1,798.420
202203 1,489.531 111.848 1,632.587
202206 1,442.729 114.072 1,550.457
202209 1,351.922 114.715 1,444.725
202212 1,492.121 115.179 1,588.126
202303 1,430.080 116.507 1,504.741
202306 1,350.182 117.182 1,412.492
202309 1,350.926 118.964 1,392.107
202312 1,356.415 118.837 1,399.251
202403 1,324.281 120.123 1,351.476
202406 1,431.889 120.007 1,462.705
202409 1,637.909 120.861 1,661.338
202412 1,619.425 121.135 1,638.874
202503 1,599.738 122.590 1,599.738

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


Shinhan Financial Group Co  (MEX:SHG 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.

Shinhan Financial Group Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=800.00/1601.41
=0.50

* 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 Shinhan Financial Group Co was 0.92. The lowest was 0.37. And the median was 0.62.


Be Aware

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


Shinhan Financial Group Co Cyclically Adjusted Book per Share Related Terms

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


Shinhan Financial Group Co Business Description

Traded in Other Exchanges
Address
20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513
Shinhan Financial is a Korean banking group. Along with its subsidiaries the company provides, comprehensive financial services which consist of commercial banking services, credit card services, securities services, insurance, credit services, and asset management services, including securities investment trust management, investment advisory, call transaction, domestic and foreign private equity fund business, and other services. The majority of the revenue is generated from its Banking business which includes retail, corporate, international, and other banking services the company offers.

Shinhan Financial Group Co Headlines

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