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Sumitomo Mitsui Financial Group (MEX:SMFG N) Cyclically Adjusted Book per Share : MXN247.18 (As of Mar. 2025)


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What is Sumitomo Mitsui Financial Group 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.

Sumitomo Mitsui Financial Group's adjusted book value per share for the three months ended in Mar. 2025 was MXN312.586. 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 MXN247.18 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Sumitomo Mitsui Financial Group's average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.90% 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 Sumitomo Mitsui Financial Group was 9.20% per year. The lowest was 5.40% per year. And the median was 7.80% per year.

As of today (2025-07-06), Sumitomo Mitsui Financial Group's current stock price is MXN307.39. Sumitomo Mitsui Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN247.18. Sumitomo Mitsui Financial Group's Cyclically Adjusted PB Ratio of today is 1.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sumitomo Mitsui Financial Group was 1.36. The lowest was 0.42. And the median was 0.74.


Sumitomo Mitsui Financial Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sumitomo Mitsui Financial Group'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.

Sumitomo Mitsui Financial Group Cyclically Adjusted Book per Share Chart

Sumitomo Mitsui Financial Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 214.87 158.43 247.18

Sumitomo Mitsui Financial Group 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 158.43 134.69 161.23 245.71 247.18

Competitive Comparison of Sumitomo Mitsui Financial Group's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group'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.


Sumitomo Mitsui Financial Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Sumitomo Mitsui Financial Group 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, Sumitomo Mitsui Financial Group'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)
=312.586/111.1000*111.1000
=312.586

Current CPI (Mar. 2025) = 111.1000.

Sumitomo Mitsui Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 171.090 98.400 193.172
201509 195.196 98.500 220.165
201512 192.190 98.100 217.659
201603 198.819 97.900 225.626
201606 225.684 98.100 255.591
201609 261.438 98.000 296.385
201612 240.244 98.400 271.251
201703 230.255 98.100 260.768
201706 228.673 98.500 257.925
201709 255.525 98.800 287.336
201712 260.424 99.400 291.078
201803 252.459 99.200 282.744
201806 267.964 99.200 300.109
201809 274.918 99.900 305.740
201812 263.126 99.700 293.213
201903 269.450 99.700 300.260
201906 275.237 99.800 306.401
201909 303.396 100.100 336.736
201912 279.229 100.500 308.680
202003 341.003 100.300 377.721
202006 341.315 99.900 379.581
202009 343.021 99.900 381.478
202012 320.120 99.300 358.160
202103 324.615 99.900 361.008
202106 315.209 99.500 351.957
202109 347.974 100.100 386.213
202112 321.583 100.100 356.922
202203 296.425 101.100 325.745
202206 270.498 101.800 295.210
202209 259.101 103.100 279.206
202212 262.784 104.100 280.454
202303 254.369 104.400 270.693
202306 242.170 105.200 255.752
202309 241.907 106.200 253.068
202312 245.457 106.800 255.340
202403 247.208 107.200 256.202
202406 265.275 108.200 272.385
202409 311.581 108.900 317.876
202412 316.730 110.700 317.874
202503 312.586 111.100 312.586

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


Sumitomo Mitsui Financial Group  (MEX:SMFG 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.

Sumitomo Mitsui Financial Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=307.39/247.18
=1.24

* 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 Sumitomo Mitsui Financial Group was 1.36. The lowest was 0.42. And the median was 0.74.


Be Aware

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


Sumitomo Mitsui Financial Group Cyclically Adjusted Book per Share Related Terms

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


Sumitomo Mitsui Financial Group Business Description

Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2024, its market share of domestic loans was 7.2%, compared with 8.0% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.

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