GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Triumph Financial Inc (STU:2THA) » Definitions » Cyclically Adjusted Book per Share

Triumph Financial (STU:2THA) Cyclically Adjusted Book per Share : €25.16 (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Triumph Financial 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.

Triumph Financial's adjusted book value per share for the three months ended in Mar. 2024 was €32.618. 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 €25.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Triumph Financial's average Cyclically Adjusted Book Growth Rate was 8.80% 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 (2024-06-23), Triumph Financial's current stock price is €71.00. Triumph Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €25.16. Triumph Financial's Cyclically Adjusted PB Ratio of today is 2.82.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Triumph Financial was 3.07. The lowest was 1.92. And the median was 2.57.


Triumph Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Triumph Financial'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.

Triumph Financial Cyclically Adjusted Book per Share Chart

Triumph Financial 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 - - - 22.83 24.10

Triumph Financial 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 23.17 23.86 24.77 24.10 25.16

Competitive Comparison of Triumph Financial's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Triumph Financial'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.


Triumph Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Triumph Financial 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, Triumph Financial'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)
=32.618/131.7762*131.7762
=32.618

Current CPI (Mar. 2024) = 131.7762.

Triumph Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.781 100.560 7.576
201409 6.558 100.428 8.605
201412 10.283 99.070 13.678
201503 12.496 99.621 16.529
201506 12.235 100.684 16.013
201509 12.554 100.392 16.479
201512 13.160 99.792 17.378
201603 13.178 100.470 17.284
201606 13.272 101.688 17.199
201609 13.521 101.861 17.492
201612 14.662 101.863 18.968
201703 15.033 102.862 19.259
201706 14.765 103.349 18.826
201709 15.169 104.136 19.195
201712 15.505 104.011 19.644
201803 15.316 105.290 19.169
201806 19.478 106.317 24.142
201809 19.794 106.507 24.490
201812 20.764 105.998 25.814
201903 21.412 107.251 26.308
201906 21.733 108.070 26.500
201909 22.691 108.329 27.602
201912 22.949 108.420 27.893
202003 22.130 108.902 26.778
202006 22.450 108.767 27.199
202009 22.166 109.815 26.599
202012 22.536 109.897 27.023
202103 24.272 111.754 28.621
202106 24.705 114.631 28.400
202109 26.243 115.734 29.881
202112 28.629 117.630 32.072
202203 30.373 121.301 32.996
202206 32.076 125.017 33.810
202209 34.914 125.227 36.740
202212 33.122 125.222 34.856
202303 31.261 127.348 32.348
202306 31.274 128.729 32.014
202309 32.400 129.860 32.878
202312 32.245 129.419 32.832
202403 32.618 131.776 32.618

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


Triumph Financial  (STU:2THA) 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.

Triumph Financial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=71.00/25.16
=2.82

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Triumph Financial was 3.07. The lowest was 1.92. And the median was 2.57.


Be Aware

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


Triumph Financial Cyclically Adjusted Book per Share Related Terms

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


Triumph Financial (STU:2THA) Business Description

Industry
Traded in Other Exchanges
Address
12700 Park Central Drive, Suite 1700, Dallas, TX, USA, 75251
Triumph Financial Inc is a is a financial holding company. The company has four reportable segments namely Banking, Factoring, Payments, and Corporate. The Banking segment includes the operations of TBK Bank. The Factoring segment includes the operations of Triumph Financial Services with revenue derived from factoring services, The Payments segment includes the operations of TBK Bank's TriumphPay division which provides a presentment, audit, and payment solution to Shipper, Broker, and Factor clients in the trucking industry and The corporate segment includes holding company financing and investment activities and management and administrative expenses to support the overall operations of the Company.

Triumph Financial (STU:2THA) Headlines

No Headlines