GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rogaland Sparebank (OSL:ROGS) » Definitions » Cyclically Adjusted Book per Share

Rogaland Sparebank (OSL:ROGS) Cyclically Adjusted Book per Share : kr180.57 (As of Jun. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Rogaland Sparebank 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.

Rogaland Sparebank's adjusted book value per share for the three months ended in Jun. 2024 was kr159.521. 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 kr180.57 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Rogaland Sparebank's average Cyclically Adjusted Book Growth Rate was -1.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.20% 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 Rogaland Sparebank was 4.20% per year. The lowest was 4.20% per year. And the median was 4.20% per year.

As of today (2024-09-22), Rogaland Sparebank's current stock price is kr105.50. Rogaland Sparebank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was kr180.57. Rogaland Sparebank's Cyclically Adjusted PB Ratio of today is 0.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Rogaland Sparebank was 0.64. The lowest was 0.45. And the median was 0.53.


Rogaland Sparebank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Rogaland Sparebank'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.

Rogaland Sparebank Cyclically Adjusted Book per Share Chart

Rogaland Sparebank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 160.52 173.14 179.93 181.81

Rogaland Sparebank Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 183.04 180.56 181.81 181.12 180.57

Competitive Comparison of Rogaland Sparebank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Rogaland Sparebank'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.


Rogaland Sparebank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Rogaland Sparebank 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, Rogaland Sparebank's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=159.521/133.8000*133.8000
=159.521

Current CPI (Jun. 2024) = 133.8000.

Rogaland Sparebank Quarterly Data

Book Value per Share CPI Adj_Book
201409 184.020 98.500 249.968
201412 185.755 98.600 252.069
201503 188.269 99.200 253.935
201506 186.604 100.100 249.427
201509 187.047 100.600 248.776
201512 179.838 100.900 238.477
201603 178.648 102.500 233.201
201606 301.439 103.800 388.560
201609 110.168 104.200 141.463
201612 112.302 104.400 143.927
201703 114.097 105.000 145.392
201706 115.579 105.800 146.167
201709 117.520 105.900 148.481
201712 117.691 106.100 148.417
201803 116.172 107.300 144.863
201806 120.098 108.500 148.102
201809 126.323 109.500 154.356
201812 128.605 109.800 156.715
201903 124.319 110.400 150.669
201906 126.800 110.600 153.398
201909 128.919 111.100 155.260
201912 131.267 111.300 157.803
202003 130.786 111.200 157.367
202006 135.889 112.100 162.194
202009 138.632 112.900 164.295
202012 140.943 112.900 167.034
202103 144.207 114.600 168.367
202106 147.774 115.300 171.484
202109 150.339 117.500 171.195
202112 146.773 118.900 165.166
202203 148.843 119.800 166.237
202206 153.618 122.600 167.652
202209 155.815 125.600 165.988
202212 161.977 125.900 172.141
202303 156.014 127.600 163.595
202306 164.042 130.400 168.319
202309 164.809 129.800 169.888
202312 172.374 131.900 174.857
202403 176.446 132.600 178.043
202406 159.521 133.800 159.521

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


Rogaland Sparebank  (OSL:ROGS) 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.

Rogaland Sparebank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=105.50/180.57
=0.58

* 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 Rogaland Sparebank was 0.64. The lowest was 0.45. And the median was 0.53.


Be Aware

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


Rogaland Sparebank Cyclically Adjusted Book per Share Related Terms

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


Rogaland Sparebank Business Description

Industry
Traded in Other Exchanges
N/A
Address
Radhusgata 3, Sandnes, NOR, 4306
Sandnes Sparebank is an independent savings bank. The company offers a broad range of banking and investment products to retail and corporate customers. It is also involved in real estate brokerage through its subsidiary, Aktiv Eiendomsmegling Jaeren AS. The Group has three operating segments: Retail Market (RM), Corporate Market (CM), and Real Estate. The group's majority of revenue is derived from the Retail market segment followed by the Corporate market segment. The Real Estate segment involves real estate brokerage activities.

Rogaland Sparebank Headlines

No Headlines