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Camden National (STU:3LR) Cyclically Adjusted Book per Share : €31.13 (As of Mar. 2024)


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What is Camden National 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.

Camden National's adjusted book value per share for the three months ended in Mar. 2024 was €31.620. 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 €31.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Camden National's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Camden National was 9.30% per year. The lowest was 6.00% per year. And the median was 7.90% per year.

As of today (2024-06-06), Camden National's current stock price is €29.00. Camden National's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €31.13. Camden National's Cyclically Adjusted PB Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Camden National was 2.28. The lowest was 0.80. And the median was 1.55.


Camden National Cyclically Adjusted Book per Share Historical Data

The historical data trend for Camden National'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.

Camden National Cyclically Adjusted Book per Share Chart

Camden National 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 - 20.86 26.34 29.87 31.04

Camden National 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 30.05 30.72 31.52 31.04 31.13

Competitive Comparison of Camden National's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Camden National'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.


Camden National's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Camden National 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, Camden National'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)
=31.62/131.7762*131.7762
=31.620

Current CPI (Mar. 2024) = 131.7762.

Camden National Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.717 100.560 20.596
201409 16.723 100.428 21.943
201412 17.845 99.070 23.736
201503 20.851 99.621 27.581
201506 20.296 100.684 26.564
201509 20.671 100.392 27.133
201512 21.748 99.792 28.718
201603 21.884 100.470 28.703
201606 22.210 101.688 28.782
201609 22.697 101.861 29.363
201612 23.984 101.863 31.027
201703 23.986 102.862 30.728
201706 23.348 103.349 29.770
201709 22.407 104.136 28.354
201712 21.958 104.011 27.820
201803 21.052 105.290 26.348
201806 22.528 106.317 27.923
201809 22.960 106.507 28.407
201812 24.570 105.998 30.545
201903 25.805 107.251 31.706
201906 26.781 108.070 32.656
201909 28.130 108.329 34.218
201912 28.134 108.420 34.195
202003 29.821 108.902 36.085
202006 30.057 108.767 36.415
202009 29.454 109.815 35.344
202012 29.183 109.897 34.993
202103 29.942 111.754 35.306
202106 30.286 114.631 34.816
202109 31.253 115.734 35.585
202112 32.500 117.630 36.409
202203 29.706 121.301 32.271
202206 28.874 125.017 30.435
202209 29.890 125.227 31.453
202212 29.244 125.222 30.775
202303 29.764 127.348 30.799
202306 29.639 128.729 30.341
202309 29.819 129.860 30.259
202312 31.167 129.419 31.735
202403 31.620 131.776 31.620

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


Camden National  (STU:3LR) 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.

Camden National's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.00/31.13
=0.93

* 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 Camden National was 2.28. The lowest was 0.80. And the median was 1.55.


Be Aware

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


Camden National Cyclically Adjusted Book per Share Related Terms

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


Camden National (STU:3LR) Business Description

Industry
Traded in Other Exchanges
Address
2 Elm Street, Camden, ME, USA, 04843
Camden National Corporation is a banking solutions provider in the United States. Its core business is providing commercial banking products to individuals and corporates. Its consumer and commercial banking services entail services such as loans and deposits, savings and online banking, treasury management solutions and non-profit products to consumer, institutional, municipal, non-profit and commercial customers. The company also offers investment management and fiduciary services. In addition, it offers various other services which include lending to dentists, optometrists and veterinarians across the United States.

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