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ING Bank Slaski (STU:6GF) Cyclically Adjusted Book per Share : €31.50 (As of Mar. 2024)


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What is ING Bank Slaski 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.

ING Bank Slaski's adjusted book value per share for the three months ended in Mar. 2024 was €30.676. 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 €31.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ING Bank Slaski's average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.60% 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 ING Bank Slaski was 15.30% per year. The lowest was 13.50% per year. And the median was 13.70% per year.

As of today (2024-06-23), ING Bank Slaski's current stock price is €64.90. ING Bank Slaski's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €31.50. ING Bank Slaski's Cyclically Adjusted PB Ratio of today is 2.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ING Bank Slaski was 2.83. The lowest was 1.14. And the median was 2.01.


ING Bank Slaski Cyclically Adjusted Book per Share Historical Data

The historical data trend for ING Bank Slaski'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.

ING Bank Slaski Cyclically Adjusted Book per Share Chart

ING Bank Slaski 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 18.34 19.41 22.73 25.37 30.01

ING Bank Slaski 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 26.33 28.96 26.70 30.01 31.50

Competitive Comparison of ING Bank Slaski's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, ING Bank Slaski'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.


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

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

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



ING Bank Slaski 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, ING Bank Slaski'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)
=30.676/149.0435*149.0435
=30.676

Current CPI (Mar. 2024) = 149.0435.

ING Bank Slaski Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.102 101.180 23.719
201409 17.461 100.611 25.867
201412 18.379 100.122 27.359
201503 17.984 100.041 26.793
201506 16.800 100.448 24.928
201509 18.111 99.634 27.093
201512 18.773 99.471 28.129
201603 18.755 98.983 28.240
201606 19.005 99.552 28.453
201609 19.298 99.064 29.034
201612 18.416 100.366 27.348
201703 18.965 101.018 27.981
201706 19.610 101.180 28.886
201709 20.194 101.343 29.699
201712 20.278 102.564 29.467
201803 21.201 102.564 30.809
201806 20.903 103.378 30.137
201809 21.382 103.378 30.827
201812 23.420 103.785 33.633
201903 23.609 104.274 33.746
201906 25.029 105.983 35.198
201909 26.833 105.983 37.735
201912 26.764 107.123 37.238
202003 30.487 109.076 41.658
202006 32.060 109.402 43.677
202009 32.693 109.320 44.573
202012 32.733 109.565 44.528
202103 30.872 112.658 40.843
202106 31.395 113.960 41.060
202109 30.662 115.588 39.537
202112 23.789 119.088 29.773
202203 19.613 125.031 23.380
202206 13.567 131.705 15.353
202209 13.050 135.531 14.351
202212 16.428 139.113 17.601
202303 19.759 145.950 20.178
202306 22.794 147.009 23.110
202309 26.697 146.113 27.232
202312 29.434 147.741 29.693
202403 30.676 149.044 30.676

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


ING Bank Slaski  (STU:6GF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=64.90/31.5
=2.06

* 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 ING Bank Slaski was 2.83. The lowest was 1.14. And the median was 2.01.


Be Aware

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


ING Bank Slaski Cyclically Adjusted Book per Share Related Terms

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


ING Bank Slaski (STU:6GF) Business Description

Industry
Traded in Other Exchanges
Address
Sokolska Street 34, Katowice, POL, 40-086
ING Bank Slaski SA offers a broad range of banking services rendered to individual and institutional clients in line with the scope of services outlined in the Bank's charter. The Bank runs operations both in the home currency and in foreign currencies. Additionally, through subsidiaries, the Group conducts leasing and factoring activity, advisory and acts as a financial intermediary as well as provides other financial services. The Group's business model includes the division of clients into two main segments namely the retail banking segment and corporate banking segment. The Group pursues business within the territory of the Republic of Poland.

ING Bank Slaski (STU:6GF) Headlines

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