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SpareBank 1 Nord-Norge (STU:93S) Cyclically Adjusted Book per Share : €13.05 (As of Sep. 2024)


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What is SpareBank 1 Nord-Norge 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.

SpareBank 1 Nord-Norge's adjusted book value per share for the three months ended in Sep. 2024 was €15.272. 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 €13.05 for the trailing ten years ended in Sep. 2024.

During the past 12 months, SpareBank 1 Nord-Norge's average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 SpareBank 1 Nord-Norge was 8.00% per year. The lowest was 5.40% per year. And the median was 6.90% per year.

As of today (2024-12-11), SpareBank 1 Nord-Norge's current stock price is €9.989. SpareBank 1 Nord-Norge's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €13.05. SpareBank 1 Nord-Norge's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SpareBank 1 Nord-Norge was 0.89. The lowest was 0.44. And the median was 0.65.


SpareBank 1 Nord-Norge Cyclically Adjusted Book per Share Historical Data

The historical data trend for SpareBank 1 Nord-Norge'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.

SpareBank 1 Nord-Norge Cyclically Adjusted Book per Share Chart

SpareBank 1 Nord-Norge 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 - 11.13 13.13 13.11 13.23

SpareBank 1 Nord-Norge Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 12.80 13.23 12.89 13.49 13.05

Competitive Comparison of SpareBank 1 Nord-Norge's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, SpareBank 1 Nord-Norge'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.


SpareBank 1 Nord-Norge's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 Nord-Norge's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SpareBank 1 Nord-Norge's Cyclically Adjusted PB Ratio falls into.



SpareBank 1 Nord-Norge 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, SpareBank 1 Nord-Norge's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=15.272/133.7000*133.7000
=15.272

Current CPI (Sep. 2024) = 133.7000.

SpareBank 1 Nord-Norge Quarterly Data

Book Value per Share CPI Adj_Book
201412 10.354 98.600 14.040
201503 10.605 99.200 14.293
201506 10.797 100.100 14.421
201509 10.380 100.600 13.795
201512 10.472 100.900 13.876
201603 10.636 102.500 13.873
201606 11.049 103.800 14.232
201609 11.598 104.200 14.882
201612 12.144 104.400 15.552
201703 11.579 105.000 14.744
201706 11.822 105.800 14.940
201709 12.391 105.900 15.644
201712 12.445 106.100 15.682
201803 12.140 107.300 15.127
201806 12.734 108.500 15.692
201809 13.203 109.500 16.121
201812 13.253 109.800 16.138
201903 13.361 110.400 16.181
201906 13.886 110.600 16.786
201909 14.034 111.100 16.889
201912 14.078 111.300 16.911
202003 12.051 111.200 14.489
202006 13.157 112.100 15.692
202009 13.534 112.900 16.027
202012 14.125 112.900 16.727
202103 14.951 114.600 17.443
202106 15.496 115.300 17.969
202109 15.971 117.500 18.173
202112 16.152 118.900 18.163
202203 16.070 119.800 17.935
202206 15.277 122.600 16.660
202209 15.175 125.600 16.154
202212 14.934 125.900 15.859
202303 13.088 127.600 13.714
202306 13.084 130.400 13.415
202309 13.815 129.800 14.230
202312 14.671 131.900 14.871
202403 13.904 132.600 14.019
202406 14.638 133.800 14.627
202409 15.272 133.700 15.272

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


SpareBank 1 Nord-Norge  (STU:93S) 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.

SpareBank 1 Nord-Norge's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.989/13.05
=0.77

* 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 SpareBank 1 Nord-Norge was 0.89. The lowest was 0.44. And the median was 0.65.


Be Aware

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


SpareBank 1 Nord-Norge Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of SpareBank 1 Nord-Norge's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SpareBank 1 Nord-Norge Business Description

Industry
Traded in Other Exchanges
Address
Storgata 65, PO Box 6800, Tromso, NOR, 9008
SpareBank 1 Nord-Norge is a Norwegian banking services provider. Apart from general banking solutions, its areas of expertise include estate agency, asset financing, and accounting operations. The company operates with primary segments, namely Retail Banking, Corporate Banking, and leasing & Markets. The Retail Banking segment serves individual customers through the provision of retail banking products such as loans, deposits, cards, and insurances. The Corporate Banking segment focuses purely on corporate customers. The bank also provides real estate brokerage, trading in securities, active investment management, and value assessment.

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