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Regions Financial (STU:RN7) Cyclically Adjusted Book per Share : €15.52 (As of Mar. 2024)


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What is Regions 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.

Regions Financial's adjusted book value per share for the three months ended in Mar. 2024 was €15.419. 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 €15.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Regions Financial's average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.00% 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 Regions Financial was 8.00% per year. The lowest was -9.30% per year. And the median was 5.40% per year.

As of today (2024-05-13), Regions Financial's current stock price is €18.30. Regions Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.52. Regions Financial's Cyclically Adjusted PB Ratio of today is 1.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Regions Financial was 1.68. The lowest was 0.42. And the median was 1.03.


Regions Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Regions 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.

Regions Financial Cyclically Adjusted Book per Share Chart

Regions 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 11.76 10.90 13.42 15.11 15.46

Regions 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 15.40 15.36 15.93 15.46 15.52

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

For the Banks - Regional subindustry, Regions 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.


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

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

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



Regions 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, Regions 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)
=15.419/129.4194*129.4194
=15.419

Current CPI (Mar. 2024) = 129.4194.

Regions Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.602 100.560 11.071
201409 9.152 100.428 11.794
201412 9.577 99.070 12.511
201503 11.137 99.621 14.468
201506 10.745 100.684 13.812
201509 11.008 100.392 14.191
201512 11.339 99.792 14.705
201603 11.546 100.470 14.873
201606 11.710 101.688 14.903
201609 11.924 101.861 15.150
201612 12.367 101.863 15.713
201703 12.338 102.862 15.523
201706 11.928 103.349 14.937
201709 11.383 104.136 14.147
201712 11.454 104.011 14.252
201803 10.870 105.290 13.361
201806 11.489 106.317 13.986
201809 11.327 106.507 13.764
201812 12.204 105.998 14.901
201903 12.836 107.251 15.489
201906 13.487 108.070 16.151
201909 14.377 108.329 17.176
201912 14.089 108.420 16.818
202003 15.144 108.902 17.997
202006 14.749 108.767 17.549
202009 14.366 109.815 16.931
202012 14.083 109.897 16.585
202103 14.170 111.754 16.410
202106 14.428 114.631 16.289
202109 15.090 115.734 16.874
202112 15.660 117.630 17.230
202203 14.914 121.301 15.912
202206 15.033 125.017 15.562
202209 14.607 125.227 15.096
202212 14.433 125.222 14.917
202303 15.214 127.348 15.461
202306 14.735 128.729 14.814
202309 14.420 129.860 14.371
202312 15.679 129.419 15.679
202403 15.419 129.419 15.419

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


Regions Financial  (STU:RN7) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.30/15.52
=1.18

* 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 Regions Financial was 1.68. The lowest was 0.42. And the median was 1.03.


Be Aware

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


Regions Financial Cyclically Adjusted Book per Share Related Terms

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


Regions Financial (STU:RN7) Business Description

Industry
Traded in Other Exchanges
Address
1900 Fifth Avenue North, Birmingham, AL, USA, 35203
Regions Financial is a regional bank headquartered in Alabama, with branches primarily in the Southeastern and Midwestern United States. Regions primarily provides traditional commercial and retail banking and also offers mortgage services, asset-management, wealth-management, securities brokerage, and trust services.

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