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OPBK (OP Bancorp) Cyclically Adjusted Book per Share : $11.45 (As of Mar. 2025)


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What is OP Bancorp 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.

OP Bancorp's adjusted book value per share for the three months ended in Mar. 2025 was $14.087. 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 $11.45 for the trailing ten years ended in Mar. 2025.

During the past 12 months, OP Bancorp's average Cyclically Adjusted Book Growth Rate was 3.60% 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.

As of today (2025-05-19), OP Bancorp's current stock price is $13.05. OP Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $11.45. OP Bancorp's Cyclically Adjusted PB Ratio of today is 1.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of OP Bancorp was 1.57. The lowest was 0.71. And the median was 0.94.


OP Bancorp Cyclically Adjusted Book per Share Historical Data

The historical data trend for OP Bancorp'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.

OP Bancorp Cyclically Adjusted Book per Share Chart

OP Bancorp 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 - - - 10.86 11.24

OP Bancorp 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 11.05 11.12 11.18 11.24 11.45

Competitive Comparison of OP Bancorp's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, OP Bancorp'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.


OP Bancorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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OP Bancorp 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, OP Bancorp'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)
=14.087/134.9266*134.9266
=14.087

Current CPI (Mar. 2025) = 134.9266.

OP Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
200706 7.222 87.906 11.085
200709 7.288 87.964 11.179
201212 11.769 96.871 16.392
201312 4.312 98.326 5.917
201412 5.273 99.070 7.181
201512 5.715 99.792 7.727
201612 6.303 101.863 8.349
201703 0.000 102.862 0.000
201706 0.000 103.349 0.000
201709 0.000 104.136 0.000
201712 6.935 104.011 8.996
201803 7.550 105.290 9.675
201806 7.767 106.317 9.857
201809 7.924 106.507 10.038
201812 8.183 105.998 10.416
201903 8.421 107.251 10.594
201906 8.617 108.070 10.758
201909 8.757 108.329 10.907
201912 8.952 108.420 11.141
202003 9.136 108.902 11.319
202006 9.234 108.767 11.455
202009 9.358 109.815 11.498
202012 9.547 109.897 11.721
202103 9.775 111.754 11.802
202106 10.042 114.631 11.820
202109 10.482 115.734 12.220
202112 10.914 117.630 12.519
202203 10.965 121.301 12.197
202206 11.159 125.017 12.044
202209 11.190 125.227 12.057
202212 11.586 125.222 12.484
202303 12.022 127.348 12.737
202306 12.156 128.729 12.741
202309 12.166 129.860 12.641
202312 12.842 129.419 13.388
202403 12.996 131.776 13.307
202406 13.228 132.554 13.465
202409 13.746 133.029 13.942
202412 13.832 133.157 14.016
202503 14.087 134.927 14.087

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


OP Bancorp  (NAS:OPBK) 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.

OP Bancorp's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.05/11.45
=1.14

* 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 OP Bancorp was 1.57. The lowest was 0.71. And the median was 0.94.


Be Aware

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


OP Bancorp Cyclically Adjusted Book per Share Related Terms

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


OP Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OP Bancorp (NAS:OPBK) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
1000 Wilshire Boulevard, Suite 500, Los Angeles, CA, USA, 90017
OP Bancorp is engaged in the general commercial banking business in Los Angeles, Orange, and Santa Clara Counties, California, Carrollton, Texas, and Las Vegas, Nevada. The Bank is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. It operates with eleven full branches.
Executives
Ki Won Yoon officer: Chief Lending Officer 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Brian Choi director 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Hyung J Kim director 1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Sunny Kwon director 1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Yong Sin Shin director 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Ock Hee Kim director 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Ryan Shin officer: Chief SBA Officer 1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Jae H. Park officer: Chief Risk Officer 1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Kathrine Duncan officer: Chief Risk Officer 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Ihnsuk Jimmy Bang officer: Chief Banking Officer 1000 WILSHIRE BLVD., SUITE 500, LOS ANGELES CA 90017
Ernest Dow director 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Christine Yoon Oh officer: Chief Financial Officer 3731 WILSHIRE BLVD., SUITE 1000, LOS ANGELES CA 90010
Myung Park director 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Jason Hwang director 1000 WILSHIRE BLVD, SUITE 500, LOS ANGELES CA 90017
Sang Kyo Oh officer: CHIEF CREDIT OFFICER 1000 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90017