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BNP Paribas (WBO:BNP) Cyclically Adjusted Book per Share : €100.76 (As of Mar. 2025)


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What is BNP Paribas 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.

BNP Paribas's adjusted book value per share for the three months ended in Mar. 2025 was €115.191. 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 €100.76 for the trailing ten years ended in Mar. 2025.

During the past 12 months, BNP Paribas's average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% 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 BNP Paribas was 6.40% per year. The lowest was 3.90% per year. And the median was 5.60% per year.

As of today (2025-05-22), BNP Paribas's current stock price is €77.33. BNP Paribas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €100.76. BNP Paribas's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BNP Paribas was 0.80. The lowest was 0.32. And the median was 0.61.


BNP Paribas Cyclically Adjusted Book per Share Historical Data

The historical data trend for BNP Paribas'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.

BNP Paribas Cyclically Adjusted Book per Share Chart

BNP Paribas 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 80.48 83.75 91.48 96.07 99.37

BNP Paribas Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 96.58 101.19 99.02 99.37 100.76

Competitive Comparison of BNP Paribas's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, BNP Paribas'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.


BNP Paribas's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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BNP Paribas 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, BNP Paribas's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=115.191/120.3800*120.3800
=115.191

Current CPI (Mar. 2025) = 120.3800.

BNP Paribas Quarterly Data

Book Value per Share CPI Adj_Book
201506 74.084 100.440 88.792
201509 76.265 99.950 91.854
201512 77.329 100.040 93.051
201603 79.161 100.020 95.275
201606 78.291 100.630 93.657
201609 79.350 100.340 95.198
201612 80.784 100.650 96.620
201703 81.989 101.170 97.557
201706 79.649 101.320 94.632
201709 80.693 101.330 95.863
201712 79.655 101.850 94.147
201803 80.288 102.750 94.064
201806 79.064 103.370 92.074
201809 80.029 103.560 93.027
201812 81.331 103.470 94.623
201903 84.474 103.890 97.882
201906 83.522 104.580 96.141
201909 85.946 104.500 99.007
201912 86.059 104.980 98.683
202003 87.299 104.590 100.479
202006 89.337 104.790 102.628
202009 89.591 104.550 103.156
202012 90.377 104.960 103.655
202103 91.103 105.750 103.707
202106 92.882 106.340 105.145
202109 93.025 106.810 104.844
202112 95.583 107.850 106.688
202203 96.505 110.490 105.143
202206 94.086 112.550 100.631
202209 97.895 112.740 104.529
202212 98.291 114.160 103.646
202303 103.202 116.790 106.374
202306 103.029 117.650 105.420
202309 106.143 118.260 108.046
202312 107.838 118.390 109.651
202403 109.819 119.470 110.655
202406 108.136 120.200 108.298
202409 110.595 119.560 111.354
202412 113.440 119.950 113.847
202503 115.191 120.380 115.191

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


BNP Paribas  (WBO:BNP) 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.

BNP Paribas's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=77.33/100.76
=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 BNP Paribas was 0.80. The lowest was 0.32. And the median was 0.61.


Be Aware

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


BNP Paribas Cyclically Adjusted Book per Share Related Terms

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


BNP Paribas Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BNP Paribas (WBO:BNP) » Definitions » Cyclically Adjusted Book per Share
Address
16, Boulevard Des Italiens, Paris, FRA, 75009
The merger of Banque Nationale de Paris and Paribas created BNP Paribas in 2000, making it the largest publicly traded bank in France. Although BNP Paribas has operations in about 80 countries, it considers France, Italy, and Belgium to be its home markets.

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