GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » UniCredit SpA (OTCPK:UNCFY) » Definitions » Cyclically Adjusted Book per Share

UniCredit SpA (UniCredit SpA) Cyclically Adjusted Book per Share : $0.00 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is UniCredit SpA Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

UniCredit SpA's adjusted book value per share for the three months ended in Mar. 2024 was $47.919. 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 $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, UniCredit SpA's average Cyclically Adjusted Book Growth Rate was -3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -9.00% 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 UniCredit SpA was -5.20% per year. The lowest was -14.00% per year. And the median was -11.45% per year.

As of today (2024-06-22), UniCredit SpA's current stock price is $0.00. UniCredit SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.00. UniCredit SpA's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UniCredit SpA was 0.98. The lowest was 0.12. And the median was 0.24.


UniCredit SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for UniCredit SpA'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.

UniCredit SpA Cyclically Adjusted Book per Share Chart

UniCredit SpA 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 - - - - -

UniCredit SpA 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 - - - - -

Competitive Comparison of UniCredit SpA's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, UniCredit SpA'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.


UniCredit SpA's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



UniCredit SpA 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, UniCredit SpA'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)
=47.919/120.2000*120.2000
=47.919

Current CPI (Mar. 2024) = 120.2000.

UniCredit SpA Quarterly Data

Book Value per Share CPI Adj_Book
201406 170.101 100.093 204.271
201409 169.229 99.814 203.792
201412 155.734 99.721 187.716
201503 139.591 99.814 168.101
201506 141.557 100.279 169.678
201509 141.679 100.000 170.298
201512 137.153 99.814 165.165
201603 136.305 99.600 164.497
201606 136.687 99.900 164.462
201609 139.566 100.100 167.591
201612 50.477 100.300 60.492
201703 37.995 101.000 45.218
201706 41.762 101.100 49.652
201709 46.349 101.200 55.051
201712 47.316 101.200 56.199
201803 47.322 101.800 55.875
201806 43.662 102.400 51.252
201809 42.705 102.600 50.031
201812 43.231 102.300 50.795
201903 44.051 102.800 51.507
201906 45.029 103.100 52.497
201909 44.558 102.900 52.049
201912 45.986 102.800 53.770
202003 45.288 102.900 52.902
202006 46.100 102.900 53.851
202009 48.137 102.300 56.560
202012 48.785 102.600 57.154
202103 48.663 103.700 56.406
202106 49.816 104.200 57.465
202109 49.302 104.900 56.493
202112 47.351 106.600 53.392
202203 45.335 110.400 49.359
202206 44.308 112.500 47.341
202209 42.027 114.200 44.235
202212 45.215 119.000 45.671
202303 45.960 118.800 46.502
202306 45.193 119.700 45.382
202309 45.112 120.300 45.075
202312 47.090 119.700 47.287
202403 47.919 120.200 47.919

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


UniCredit SpA  (OTCPK:UNCFY) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UniCredit SpA was 0.98. The lowest was 0.12. And the median was 0.24.


Be Aware

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


UniCredit SpA Cyclically Adjusted Book per Share Related Terms

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


UniCredit SpA (UniCredit SpA) Business Description

Industry
Address
Piazza Gae Aulenti 3, Tower A, Milano, ITA, 20154
UniCredit is one of the two largest Italian retail and commercial banks, but roughly half of its operations are outside Italy. It has a strong presence in Germany, Austria, and Central and Eastern Europe. It generates most of its revenue from retail banking, but also maintains a sizable corporate and investment bank.

UniCredit SpA (UniCredit SpA) Headlines

From GuruFocus

UniCredit Sells Pioneer Investments to Amundi

By Alberto Abaterusso Alberto Abaterusso 12-12-2016

3 High Earnings Return Stocks That Wall Street Suggests Buying

By Alberto Abaterusso Alberto Abaterusso 09-09-2019