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Credito Emiliano (MIL:CE) Cyclically Adjusted Book per Share : €10.10 (As of Dec. 2024)


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What is Credito Emiliano 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.

Credito Emiliano's adjusted book value per share for the three months ended in Dec. 2024 was €12.621. 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 €10.10 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Credito Emiliano's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.90% 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 Credito Emiliano was 7.70% per year. The lowest was 3.20% per year. And the median was 6.80% per year.

As of today (2025-05-23), Credito Emiliano's current stock price is €12.34. Credito Emiliano's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €10.10. Credito Emiliano's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Credito Emiliano was 1.28. The lowest was 0.45. And the median was 0.73.


Credito Emiliano Cyclically Adjusted Book per Share Historical Data

The historical data trend for Credito Emiliano'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.

Credito Emiliano Cyclically Adjusted Book per Share Chart

Credito Emiliano 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 7.69 8.29 9.25 9.62 10.10

Credito Emiliano 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 9.74 9.87 10.00 10.10 -

Competitive Comparison of Credito Emiliano's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Credito Emiliano'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.


Credito Emiliano's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Credito Emiliano's Cyclically Adjusted PB Ratio falls into.


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Credito Emiliano 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, Credito Emiliano's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=12.621/121.2000*121.2000
=12.621

Current CPI (Dec. 2024) = 121.2000.

Credito Emiliano Quarterly Data

Book Value per Share CPI Adj_Book
201503 7.242 99.814 8.794
201506 7.164 100.279 8.659
201509 7.302 100.000 8.850
201512 7.495 99.814 9.101
201603 7.392 99.600 8.995
201606 7.315 99.900 8.875
201609 7.453 100.100 9.024
201612 7.477 100.300 9.035
201703 7.363 101.000 8.836
201706 7.624 101.100 9.140
201709 7.795 101.200 9.336
201712 8.008 101.200 9.591
201803 7.840 101.800 9.334
201806 7.559 102.400 8.947
201809 7.666 102.600 9.056
201812 7.767 102.300 9.202
201903 7.870 102.800 9.279
201906 8.218 103.100 9.661
201909 8.590 102.900 10.118
201912 8.729 102.800 10.291
202003 8.417 102.900 9.914
202006 8.850 102.900 10.424
202009 9.179 102.300 10.875
202012 9.472 102.600 11.189
202103 9.437 103.700 11.030
202106 9.653 104.200 11.228
202109 10.233 104.900 11.823
202112 10.161 106.600 11.553
202203 9.579 110.400 10.516
202206 9.195 112.500 9.906
202209 9.178 114.200 9.741
202212 9.896 119.000 10.079
202303 10.008 118.800 10.210
202306 10.550 119.700 10.682
202309 10.976 120.300 11.058
202312 11.380 119.700 11.523
202403 11.232 120.200 11.325
202406 11.699 120.700 11.747
202409 12.239 121.200 12.239
202412 12.621 121.200 12.621

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


Credito Emiliano  (MIL:CE) 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.

Credito Emiliano's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.34/10.10
=1.22

* 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 Credito Emiliano was 1.28. The lowest was 0.45. And the median was 0.73.


Be Aware

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


Credito Emiliano Cyclically Adjusted Book per Share Related Terms

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


Credito Emiliano Business Description

Industry
Traded in Other Exchanges
Address
Via Emilia San Pietro No. 4, Reggio Emilia, ITA, 42100
Credito Emiliano is a banking group that consists of several financial services companies. The group operates in multiple regions throughout Italy, particularly in the north and central portions of the country. Its activities principally include commercial banking, including retail services and small and medium enterprise banking, asset management, bancassurance as well as Trading services, and treasury. The group's distribution network targeting retail and corporate banking customers includes branches, business centers, and financial outlets. Its wealth management activities include mutual fund management, portfolio management, as well as private equity and hedge fund offerings. The bank's funding sources derive from direct bank deposits, insurance reserves, and assets under management.