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BIDV Securities JSC (STC:BSI) Cyclically Adjusted Book per Share : ₫13,913.00 (As of Mar. 2024)


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What is BIDV Securities JSC 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.

BIDV Securities JSC's adjusted book value per share for the three months ended in Mar. 2024 was ₫23,776.961. 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 ₫13,913.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BIDV Securities JSC's average Cyclically Adjusted Book Growth Rate was 15.50% 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 (2024-05-31), BIDV Securities JSC's current stock price is ₫57700.00. BIDV Securities JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₫13,913.00. BIDV Securities JSC's Cyclically Adjusted PB Ratio of today is 4.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BIDV Securities JSC was 4.76. The lowest was 1.14. And the median was 2.53.


BIDV Securities JSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for BIDV Securities JSC'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.

BIDV Securities JSC Cyclically Adjusted Book per Share Chart

BIDV Securities JSC 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 - - - 11,588.70 13,270.80

BIDV Securities JSC 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 12,048.30 12,438.30 12,927.40 13,270.80 13,913.00

Competitive Comparison of BIDV Securities JSC's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, BIDV Securities JSC'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.


BIDV Securities JSC's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BIDV Securities JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where BIDV Securities JSC's Cyclically Adjusted PB Ratio falls into.



BIDV Securities JSC 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, BIDV Securities JSC'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)
=23776.961/131.7762*131.7762
=23,776.961

Current CPI (Mar. 2024) = 131.7762.

BIDV Securities JSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 5,975.015 100.560 7,829.840
201409 6,238.617 100.428 8,185.993
201412 6,412.208 99.070 8,529.110
201503 6,470.031 99.621 8,558.389
201506 6,872.551 100.684 8,994.871
201509 7,166.320 100.392 9,406.677
201512 7,257.491 99.792 9,583.541
201603 7,405.505 100.470 9,713.003
201606 7,948.722 101.688 10,300.639
201609 8,189.163 101.861 10,594.210
201612 8,260.716 101.863 10,686.598
201703 8,404.812 102.862 10,767.359
201706 9,422.026 103.349 12,013.639
201709 9,360.316 104.136 11,844.815
201712 10,042.135 104.011 12,722.819
201803 10,740.957 105.290 13,442.960
201806 11,367.019 106.317 14,089.049
201809 11,309.511 106.507 13,992.776
201812 10,925.560 105.998 13,582.616
201903 11,093.235 107.251 13,630.000
201906 11,515.564 108.070 14,041.679
201909 10,922.088 108.329 13,286.063
201912 10,453.163 108.420 12,705.007
202003 9,953.972 108.902 12,044.798
202006 10,621.410 108.767 12,868.289
202009 11,134.794 109.815 13,361.582
202012 11,336.053 109.897 13,592.953
202103 11,753.493 111.754 13,859.236
202106 11,714.205 114.631 13,466.235
202109 12,507.604 115.734 14,241.280
202112 13,076.286 117.630 14,648.904
202203 13,709.124 121.301 14,893.004
202206 12,815.117 125.017 13,508.004
202209 21,475.510 125.227 22,598.740
202212 21,555.431 125.222 22,683.692
202303 22,037.683 127.348 22,804.023
202306 22,553.189 128.729 23,087.109
202309 22,728.208 129.860 23,063.672
202312 23,100.630 129.419 23,521.305
202403 23,776.961 131.776 23,776.961

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


BIDV Securities JSC  (STC:BSI) 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.

BIDV Securities JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=57700.00/13913
=4.15

* 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 BIDV Securities JSC was 4.76. The lowest was 1.14. And the median was 2.53.


Be Aware

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


BIDV Securities JSC Cyclically Adjusted Book per Share Related Terms

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


BIDV Securities JSC (STC:BSI) Business Description

Traded in Other Exchanges
N/A
Address
35 Hang Voi, 10th, 11th floor, BIDV Tower, Hanoi, VNM
BIDV Securities JSC is a Vietnam based securities firm. It is engaged in the business of providing services such as research and analysis, brokerage, trading and investment, and investment banking services. In addition, the firm also offers services for derivative securities, warranted warranties, digital certificate and iBroker facility.

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