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SBKFF (State Bank of India) Cyclically Adjusted Book per Share : $45.71 (As of Dec. 2024)


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What is State Bank of India 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.

State Bank of India's adjusted book value per share for the three months ended in Dec. 2024 was $63.324. 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 $45.71 for the trailing ten years ended in Dec. 2024.

During the past 12 months, State Bank of India's average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 State Bank of India was 7.40% per year. The lowest was 6.50% per year. And the median was 7.10% per year.

As of today (2025-04-18), State Bank of India's current stock price is $87.80. State Bank of India's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $45.71. State Bank of India's Cyclically Adjusted PB Ratio of today is 1.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of State Bank of India was 2.33. The lowest was 0.54. And the median was 1.46.


State Bank of India Cyclically Adjusted Book per Share Historical Data

The historical data trend for State Bank of India'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.

State Bank of India Cyclically Adjusted Book per Share Chart

State Bank of India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.51 43.42 46.64 41.71 37.24

State Bank of India Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 42.55 37.24 46.65 48.01 45.71

Competitive Comparison of State Bank of India's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, State Bank of India'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.


State Bank of India's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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State Bank of India 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, State Bank of India's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=63.324/158.3229*158.3229
=63.324

Current CPI (Dec. 2024) = 158.3229.

State Bank of India Quarterly Data

Book Value per Share CPI Adj_Book
201503 34.598 97.163 56.376
201506 35.704 99.841 56.618
201509 35.780 101.753 55.672
201512 35.226 102.901 54.199
201603 34.779 102.518 53.711
201606 40.993 105.961 61.250
201609 40.538 105.961 60.570
201612 40.339 105.196 60.711
201703 41.396 105.196 62.302
201706 0.000 107.109 0.000
201709 43.475 109.021 63.135
201712 41.124 109.404 59.512
201803 39.676 109.786 57.217
201806 37.489 111.317 53.320
201809 35.588 115.142 48.934
201812 36.760 115.142 50.546
201903 37.812 118.202 50.646
201906 38.228 120.880 50.069
201909 37.818 123.175 48.609
201912 39.108 126.235 49.049
202003 37.736 124.705 47.909
202006 38.715 127.000 48.263
202009 40.583 130.118 49.380
202012 41.593 130.889 50.311
202103 42.401 131.771 50.945
202106 43.247 134.084 51.065
202109 44.504 135.847 51.867
202112 44.862 138.161 51.409
202203 44.942 138.822 51.255
202206 45.629 142.347 50.750
202209 46.510 144.661 50.902
202212 47.684 145.763 51.793
202303 48.888 146.865 52.702
202306 51.454 150.280 54.208
202309 53.166 151.492 55.563
202312 54.650 152.924 56.579
202403 56.002 153.035 57.937
202406 58.946 155.789 59.905
202409 61.921 157.882 62.094
202412 63.324 158.323 63.324

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


State Bank of India  (OTCPK:SBKFF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=87.80/45.71
=1.92

* 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 State Bank of India was 2.33. The lowest was 0.54. And the median was 1.46.


Be Aware

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


State Bank of India Cyclically Adjusted Book per Share Related Terms

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


State Bank of India Business Description

Industry
Traded in Other Exchanges
Address
Madam Cama Road, State Bank Bhavan, 14th Floor, Corporate Centre, Nariman Point, Mumbai, MH, IND, 400 021
State Bank of India is a bank in India. The bank's business segments include Treasury; Corporate/Wholesale Banking; Retail Banking and Other Banking businesses. The bank generates maximum revenue from the Retail Banking segment. The Retail Banking Segment comprises retail branches, which primarily include Personal Banking activities including lending activities to corporate customers having banking relations with these branches. This segment also includes the agency business and ATMs. Geographically, it derives a majority of its revenue from India.