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Nordea Bank Abp (OCSE:NDA DK) Cyclically Adjusted Book per Share : kr65.87 (As of Mar. 2025)


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What is Nordea Bank Abp 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.

Nordea Bank Abp's adjusted book value per share for the three months ended in Mar. 2025 was kr63.833. 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 kr65.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Nordea Bank Abp's average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Nordea Bank Abp was 8.20% per year. The lowest was 4.20% per year. And the median was 6.70% per year.

As of today (2025-07-10), Nordea Bank Abp's current stock price is kr96.20. Nordea Bank Abp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr65.87. Nordea Bank Abp's Cyclically Adjusted PB Ratio of today is 1.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nordea Bank Abp was 1.89. The lowest was 0.75. And the median was 1.29.


Nordea Bank Abp Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nordea Bank Abp'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.

Nordea Bank Abp Cyclically Adjusted Book per Share Chart

Nordea Bank Abp 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 53.68 57.02 58.73 62.38 61.81

Nordea Bank Abp 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 61.39 61.95 62.33 61.81 65.87

Competitive Comparison of Nordea Bank Abp's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Nordea Bank Abp'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.


Nordea Bank Abp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Nordea Bank Abp's Cyclically Adjusted PB Ratio falls into.


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Nordea Bank Abp 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, Nordea Bank Abp'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)
=63.833/123.0100*123.0100
=63.833

Current CPI (Mar. 2025) = 123.0100.

Nordea Bank Abp Quarterly Data

Book Value per Share CPI Adj_Book
201506 55.149 100.030 67.818
201509 55.467 100.130 68.141
201512 57.462 99.990 70.691
201603 53.807 100.080 66.135
201606 55.576 100.390 68.098
201609 57.349 100.540 70.166
201612 59.728 101.020 72.730
201703 56.910 100.910 69.374
201706 57.529 101.140 69.969
201709 59.229 101.320 71.908
201712 61.119 101.510 74.064
201803 56.977 101.730 68.896
201806 58.989 102.320 70.917
201809 60.292 102.600 72.286
201812 60.825 102.710 72.847
201903 56.383 102.870 67.422
201906 57.448 103.360 68.370
201909 56.386 103.540 66.989
201912 58.233 103.650 69.110
202003 58.213 103.490 69.193
202006 58.598 103.320 69.765
202009 59.939 103.710 71.093
202012 62.145 103.890 73.582
202103 63.499 104.870 74.483
202106 65.337 105.360 76.282
202109 67.353 106.290 77.948
202112 63.331 107.490 72.475
202203 59.829 110.950 66.332
202206 60.956 113.570 66.023
202209 62.291 114.920 66.676
202212 63.025 117.320 66.082
202303 58.315 119.750 59.903
202306 60.571 120.690 61.735
202309 63.857 121.280 64.768
202312 66.133 121.540 66.933
202403 61.541 122.360 61.868
202406 64.751 122.230 65.164
202409 67.027 122.260 67.438
202412 69.353 122.390 69.704
202503 63.833 123.010 63.833

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


Nordea Bank Abp  (OCSE:NDA DK) 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.

Nordea Bank Abp's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=96.20/65.87
=1.46

* 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 Nordea Bank Abp was 1.89. The lowest was 0.75. And the median was 1.29.


Be Aware

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


Nordea Bank Abp Cyclically Adjusted Book per Share Related Terms

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


Nordea Bank Abp Business Description

Industry
Address
Hamnbanegatan 5, Helsinki, FIN, FI-00020
Nordea is a universal Nordic bank which generates most of its income through vanilla lending products such as mortgages, household loans and corporate loans. The bank is also a leading equity and debt underwriter and issuer specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.

Nordea Bank Abp Headlines

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