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Halyk Bank of Kazakhstan JSC (STU:H4L1) Cyclically Adjusted Book per Share : €9.75 (As of Dec. 2024)


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What is Halyk Bank of Kazakhstan 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.

Halyk Bank of Kazakhstan JSC's adjusted book value per share for the three months ended in Dec. 2024 was €20.903. 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 €9.75 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Halyk Bank of Kazakhstan JSC's average Cyclically Adjusted Book Growth Rate was 20.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -10.70% 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 Halyk Bank of Kazakhstan JSC was -10.70% per year. The lowest was -26.20% per year. And the median was -18.45% per year.

As of today (2025-05-13), Halyk Bank of Kazakhstan JSC's current stock price is €20.20. Halyk Bank of Kazakhstan JSC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €9.75. Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio of today is 2.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Halyk Bank of Kazakhstan JSC was 2.11. The lowest was 0.34. And the median was 0.95.


Halyk Bank of Kazakhstan JSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Halyk Bank of Kazakhstan 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.

Halyk Bank of Kazakhstan JSC Cyclically Adjusted Book per Share Chart

Halyk Bank of Kazakhstan JSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.07 15.56 10.62 9.46 9.75

Halyk Bank of Kazakhstan JSC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 9.46 9.84 10.68 10.13 9.75

Competitive Comparison of Halyk Bank of Kazakhstan JSC's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Halyk Bank of Kazakhstan 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.


Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio falls into.


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Halyk Bank of Kazakhstan 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, Halyk Bank of Kazakhstan JSC's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=20.903/133.1571*133.1571
=20.903

Current CPI (Dec. 2024) = 133.1571.

Halyk Bank of Kazakhstan JSC Quarterly Data

Book Value per Share CPI Adj_Book
201412 6.855 99.070 9.214
201503 8.164 99.621 10.912
201506 7.385 100.684 9.767
201512 4.703 99.792 6.275
201603 4.657 100.470 6.172
201606 5.679 101.688 7.436
201609 0.000 101.861 0.000
201612 6.916 101.863 9.041
201703 0.000 102.862 0.000
201706 7.679 103.349 9.894
201709 7.454 104.136 9.531
201712 8.035 104.011 10.287
201803 7.976 105.290 10.087
201806 7.753 106.317 9.710
201809 7.894 106.507 9.869
201812 8.596 105.998 10.799
201903 0.000 107.251 0.000
201906 8.935 108.070 11.009
201909 9.781 108.329 12.023
201912 10.526 108.420 12.928
202003 11.144 108.902 13.626
202006 10.947 108.767 13.402
202009 9.492 109.815 11.510
202012 9.875 109.897 11.965
202103 10.875 111.754 12.958
202106 9.987 114.631 11.601
202109 10.960 115.734 12.610
202112 12.360 117.630 13.992
202203 10.931 121.301 11.999
202206 14.311 125.017 15.243
202209 14.967 125.227 15.915
202212 14.927 125.222 15.873
202303 16.492 127.348 17.244
202306 15.236 128.729 15.760
202309 16.397 129.860 16.813
202312 18.074 129.419 18.596
202403 19.970 131.776 20.179
202406 19.647 132.554 19.736
202409 19.776 133.029 19.795
202412 20.903 133.157 20.903

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


Halyk Bank of Kazakhstan JSC  (STU:H4L1) 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.

Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.20/9.75
=2.07

* 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 Halyk Bank of Kazakhstan JSC was 2.11. The lowest was 0.34. And the median was 0.95.


Be Aware

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


Halyk Bank of Kazakhstan JSC Cyclically Adjusted Book per Share Related Terms

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


Halyk Bank of Kazakhstan JSC Business Description

Address
40 Al-Farabi Avenue, Almaty, KAZ, A26M3K5
Halyk Bank of Kazakhstan JSC is engaged in retail, corporate, and SME banking services. It also provides insurance, cash collection, asset management, brokerage, telecommunication, and leasing services. The Group has four main business segments: Corporate Banking, SME Banking, Retail Banking, and Investment Banking. The majority of revenue derives from the corporate banking segment which includes banking services to corporate clients and financial institutions including current accounts and correspondent accounts, deposits, custody, overdrafts, loans and other credit facilities, documentary operations, including guarantees and letters of credit, trade finance products, as well as cash services and foreign exchange transactions.

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