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Jammu & Kashmir Bank (NSE:J&KBANK) Cyclically Adjusted Book per Share : ₹131.23 (As of Mar. 2025)


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What is Jammu & Kashmir Bank 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.

Jammu & Kashmir Bank's adjusted book value per share for the three months ended in Mar. 2025 was ₹129.028. 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 ₹131.23 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-07-07), Jammu & Kashmir Bank's current stock price is ₹114.24. Jammu & Kashmir Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹131.23. Jammu & Kashmir Bank's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jammu & Kashmir Bank was 0.87. The lowest was 0.69. And the median was 0.74.


Jammu & Kashmir Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Jammu & Kashmir Bank'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.

Jammu & Kashmir Bank Cyclically Adjusted Book per Share Chart

Jammu & Kashmir Bank 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 - - - - 131.23

Jammu & Kashmir Bank 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 - - - 131.70 131.23

Competitive Comparison of Jammu & Kashmir Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Jammu & Kashmir Bank'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.


Jammu & Kashmir Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jammu & Kashmir Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jammu & Kashmir Bank's Cyclically Adjusted PB Ratio falls into.


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Jammu & Kashmir Bank 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, Jammu & Kashmir Bank'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)
=129.028/157.5517*157.5517
=129.028

Current CPI (Mar. 2025) = 157.5517.

Jammu & Kashmir Bank Quarterly Data

Book Value per Share CPI Adj_Book
200603 37.120 45.521 128.475
200703 41.436 48.581 134.379
200803 47.628 52.407 143.185
200903 54.104 56.615 150.565
201003 62.103 65.030 150.460
201103 71.764 70.768 159.769
201203 84.436 76.889 173.017
201303 100.347 85.687 184.507
201403 118.036 91.425 203.410
201503 126.005 97.163 204.320
201603 132.449 102.518 203.550
201703 108.815 105.196 162.972
201803 110.577 109.786 158.686
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 118.913 118.202 158.499
201906 0.000 120.880 0.000
201909 102.850 123.175 131.554
201912 103.702 126.235 129.428
202003 88.946 124.705 112.374
202006 89.366 127.000 110.864
202009 89.896 130.118 108.849
202012 90.827 130.889 109.329
202103 95.343 131.771 113.997
202106 96.740 134.084 113.671
202109 82.495 135.847 95.675
202112 84.306 138.161 96.138
202203 86.582 138.822 98.264
202206 85.682 142.347 94.834
202209 88.175 144.661 96.032
202212 91.370 145.763 98.760
202303 95.944 146.865 102.926
202306 99.154 150.280 103.952
202309 102.875 151.492 106.990
202312 106.959 152.924 110.196
202403 110.724 153.035 113.992
202406 115.204 155.789 116.508
202409 120.833 157.882 120.580
202412 125.254 158.323 124.644
202503 129.028 157.552 129.028

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


Jammu & Kashmir Bank  (NSE:J&KBANK) 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.

Jammu & Kashmir Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=114.24/131.23
=0.87

* 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 Jammu & Kashmir Bank was 0.87. The lowest was 0.69. 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.


Jammu & Kashmir Bank Cyclically Adjusted Book per Share Related Terms

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


Jammu & Kashmir Bank Business Description

Traded in Other Exchanges
Address
Maulana Azad Road, Srinagar, IND, 190001
Jammu & Kashmir Bank Ltd is a bank that has businesses comprised of treasury, corporate/wholesale banking, retail banking and others. The bank's personal financial products include various loan products, personal account services, term bank deposits, mutual funds, bank cards, and insurance products. The company has Four crucial business segments namely Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. The company generates majority of its revenue from Retail Banking segment. The bank's financial products for businesses include loans, business accounts, and others.

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