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Danske Andelskassers Bank AS (OCSE:DAB) Cyclically Adjusted Book per Share : kr12.19 (As of Mar. 2025)


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What is Danske Andelskassers Bank AS 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.

Danske Andelskassers Bank AS's adjusted book value per share for the three months ended in Mar. 2025 was kr13.868. 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 kr12.19 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Danske Andelskassers Bank AS's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.50% 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 Danske Andelskassers Bank AS was 0.40% per year. The lowest was -2.60% per year. And the median was -1.70% per year.

As of today (2025-05-28), Danske Andelskassers Bank AS's current stock price is kr14.70. Danske Andelskassers Bank AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr12.19. Danske Andelskassers Bank AS's Cyclically Adjusted PB Ratio of today is 1.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Danske Andelskassers Bank AS was 1.28. The lowest was 0.48. And the median was 0.86.


Danske Andelskassers Bank AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Danske Andelskassers Bank AS'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.

Danske Andelskassers Bank AS Cyclically Adjusted Book per Share Chart

Danske Andelskassers Bank AS 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 12.44 11.88 11.94 11.80 12.04

Danske Andelskassers Bank AS 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 11.97 11.97 12.02 12.04 12.19

Competitive Comparison of Danske Andelskassers Bank AS's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Danske Andelskassers Bank AS'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.


Danske Andelskassers Bank AS's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Danske Andelskassers Bank AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Danske Andelskassers Bank AS's Cyclically Adjusted PB Ratio falls into.


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Danske Andelskassers Bank AS 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, Danske Andelskassers Bank AS'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)
=13.868/120.2000*120.2000
=13.868

Current CPI (Mar. 2025) = 120.2000.

Danske Andelskassers Bank AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.781 100.300 12.920
201509 6.903 100.200 8.281
201512 9.799 99.800 11.802
201603 9.860 100.200 11.828
201606 9.772 100.600 11.676
201609 9.922 100.200 11.902
201612 10.151 100.300 12.165
201703 10.296 101.200 12.229
201706 8.776 101.200 10.424
201709 8.781 101.800 10.368
201712 9.622 101.300 11.417
201803 9.293 101.700 10.983
201806 9.417 102.300 11.065
201809 9.635 102.400 11.310
201812 9.693 102.100 11.411
201903 9.683 102.900 11.311
201906 9.900 102.900 11.564
201909 10.936 102.900 12.775
201912 11.195 102.900 13.077
202003 10.858 103.300 12.634
202006 10.373 103.200 12.082
202009 10.653 103.500 12.372
202012 10.835 103.400 12.595
202103 11.100 104.300 12.792
202106 11.409 105.000 13.061
202109 11.543 105.800 13.114
202112 11.618 106.600 13.100
202203 11.640 109.900 12.731
202206 11.489 113.600 12.156
202209 11.660 116.400 12.041
202212 12.031 115.900 12.477
202303 11.898 117.300 12.192
202306 12.020 116.400 12.412
202309 12.320 117.400 12.614
202312 12.704 116.700 13.085
202403 13.041 118.400 13.239
202406 13.002 118.500 13.189
202409 13.440 118.900 13.587
202412 13.581 118.900 13.729
202503 13.868 120.200 13.868

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


Danske Andelskassers Bank AS  (OCSE:DAB) 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.

Danske Andelskassers Bank AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.70/12.19
=1.21

* 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 Danske Andelskassers Bank AS was 1.28. The lowest was 0.48. And the median was 0.86.


Be Aware

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


Danske Andelskassers Bank AS Cyclically Adjusted Book per Share Related Terms

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


Danske Andelskassers Bank AS Business Description

Traded in Other Exchanges
Address
Baneskellet 1, Hammershoj, Tjele, DNK, 8830
Danske Andelskassers Bank AS operates as a regional bank which provides various banking products and services to private, small and medium-sized business, and institutional customers in Denmark. It offers deposit products such as checking, savings and term certificate accounts, credit cards, Mortgages, loans, pensions, self-service facilities, insurance, mobile banking, Net banking, ATMs, debt management and investment advice.

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