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MVB Financial (STU:MV6) Cyclically Adjusted Book per Share : €17.38 (As of Mar. 2024)


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What is MVB 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.

MVB Financial's adjusted book value per share for the three months ended in Mar. 2024 was €20.910. 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 €17.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MVB Financial's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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 MVB Financial was 11.60% per year. The lowest was 5.20% per year. And the median was 6.70% per year.

As of today (2024-05-24), MVB Financial's current stock price is €16.80. MVB Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.38. MVB Financial's Cyclically Adjusted PB Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MVB Financial was 3.13. The lowest was 0.91. And the median was 1.52.


MVB Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for MVB 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.

MVB Financial Cyclically Adjusted Book per Share Chart

MVB 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 - 10.74 13.94 16.54 17.55

MVB 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 16.56 16.82 17.42 17.55 17.38

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

For the Banks - Regional subindustry, MVB 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.


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

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

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



MVB 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, MVB 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)
=20.91/131.7762*131.7762
=20.910

Current CPI (Mar. 2024) = 131.7762.

MVB Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.575 100.560 11.237
201409 9.069 100.428 11.900
201412 9.413 99.070 12.521
201503 10.972 99.621 14.513
201506 10.749 100.684 14.068
201509 10.756 100.392 14.119
201512 11.148 99.792 14.721
201603 11.144 100.470 14.616
201606 11.807 101.688 15.301
201609 11.961 101.861 15.474
201612 12.202 101.863 15.785
201703 12.184 102.862 15.609
201706 11.846 103.349 15.104
201709 11.338 104.136 14.347
201712 11.517 104.011 14.591
201803 10.973 105.290 13.733
201806 11.926 106.317 14.782
201809 12.111 106.507 14.984
201812 12.793 105.998 15.904
201903 13.185 107.251 16.200
201906 14.571 108.070 17.767
201909 15.287 108.329 18.596
201912 15.417 108.420 18.738
202003 15.461 108.902 18.709
202006 16.409 108.767 19.880
202009 16.195 109.815 19.434
202012 16.556 109.897 19.852
202103 17.120 111.754 20.187
202106 17.526 114.631 20.147
202109 18.855 115.734 21.468
202112 20.086 117.630 22.502
202203 19.672 121.301 21.371
202206 19.517 125.017 20.572
202209 20.050 125.227 21.099
202212 19.532 125.222 20.554
202303 20.014 127.348 20.710
202306 19.908 128.729 20.379
202309 19.984 129.860 20.279
202312 20.799 129.419 21.178
202403 20.910 131.776 20.910

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


MVB Financial  (STU:MV6) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.80/17.38
=0.97

* 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 MVB Financial was 3.13. The lowest was 0.91. And the median was 1.52.


Be Aware

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


MVB Financial Cyclically Adjusted Book per Share Related Terms

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


MVB Financial (STU:MV6) Business Description

Industry
Traded in Other Exchanges
Address
301 Virginia Avenue, Fairmont, WV, USA, 26554
MVB Financial Corp is a bank holding company. The company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region. The Bank offers its customers various products, such as checking accounts, negotiable order of withdrawal (NOW) accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. MVB has five reportable segments: CoRe banking; mortgage banking; professional services; Edge Ventures and the financial holding company. It generates a majority of its revenues from its CoRe banking segment.

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