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Bank Albilad (SAU:1140) Cyclically Adjusted Book per Share : ﷼8.85 (As of Mar. 2024)


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What is Bank Albilad 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.

Bank Albilad's adjusted book value per share for the three months ended in Mar. 2024 was ﷼12.561. 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 ﷼8.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank Albilad's average Cyclically Adjusted Book Growth Rate was 12.20% 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.

As of today (2024-06-15), Bank Albilad's current stock price is ﷼33.20. Bank Albilad's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ﷼8.85. Bank Albilad's Cyclically Adjusted PB Ratio of today is 3.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Albilad was 6.52. The lowest was 3.50. And the median was 4.22.


Bank Albilad Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Albilad'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.

Bank Albilad Cyclically Adjusted Book per Share Chart

Bank Albilad 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 - - 6.57 7.60 8.52

Bank Albilad Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.89 8.14 8.37 8.52 8.85

Competitive Comparison of Bank Albilad's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bank Albilad'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.


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

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

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



Bank Albilad 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, Bank Albilad's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.561/131.7762*131.7762
=12.561

Current CPI (Mar. 2024) = 131.7762.

Bank Albilad Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.376 100.560 5.734
201409 4.554 100.428 5.976
201412 4.713 99.070 6.269
201503 4.865 99.621 6.435
201506 4.872 100.684 6.377
201509 4.985 100.392 6.543
201512 5.154 99.792 6.806
201603 5.289 100.470 6.937
201606 5.448 101.688 7.060
201609 5.622 101.861 7.273
201612 5.690 101.863 7.361
201703 5.863 102.862 7.511
201706 5.828 103.349 7.431
201709 6.065 104.136 7.675
201712 6.071 104.011 7.692
201803 6.176 105.290 7.730
201806 6.171 106.317 7.649
201809 6.352 106.507 7.859
201812 6.266 105.998 7.790
201903 6.617 107.251 8.130
201906 7.065 108.070 8.615
201909 7.258 108.329 8.829
201912 7.541 108.420 9.165
202003 7.632 108.902 9.235
202006 7.882 108.767 9.549
202009 8.249 109.815 9.899
202012 8.593 109.897 10.304
202103 8.670 111.754 10.223
202106 9.133 114.631 10.499
202109 9.494 115.734 10.810
202112 9.584 117.630 10.737
202203 9.860 121.301 10.711
202206 10.086 125.017 10.631
202209 10.428 125.227 10.973
202212 10.719 125.222 11.280
202303 11.266 127.348 11.658
202306 11.337 128.729 11.605
202309 11.690 129.860 11.863
202312 12.206 129.419 12.428
202403 12.561 131.776 12.561

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


Bank Albilad  (SAU:1140) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.20/8.85
=3.75

* 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 Bank Albilad was 6.52. The lowest was 3.50. And the median was 4.22.


Be Aware

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


Bank Albilad Cyclically Adjusted Book per Share Related Terms

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


Bank Albilad (SAU:1140) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Albilad (SAU:1140) » Definitions » Cyclically Adjusted Book per Share
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Address
P.O. Box 140, Riyadh, SAU, 11411
Bank Albilad is a banking corporation conducting business mainly in the Kingdom of Saudi Arabia. It is divided into four operating segments: Retail banking provides services and products to individuals, including deposits, financing, remittances, and currency exchange, Corporate banking provides services and products to corporate customers including deposits, financing, and trade services, Treasury provides money market and treasury services and Investment banking and brokerage provides investment management services and asset management activities related to dealing, managing, arranging, advising and custody of securities. Key revenue is generated from the Retail banking segment.

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