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Charles Schwab (WBO:SCHW) Cyclically Adjusted Book per Share : €17.49 (As of Dec. 2024)


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What is Charles Schwab 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.

Charles Schwab's adjusted book value per share for the three months ended in Dec. 2024 was €20.435. 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 €17.49 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Charles Schwab's average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.00% 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 Charles Schwab was 35.50% per year. The lowest was 6.50% per year. And the median was 13.80% per year.

As of today (2025-05-12), Charles Schwab's current stock price is €74.45. Charles Schwab's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €17.49. Charles Schwab's Cyclically Adjusted PB Ratio of today is 4.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Charles Schwab was 7.82. The lowest was 3.02. And the median was 4.95.


Charles Schwab Cyclically Adjusted Book per Share Historical Data

The historical data trend for Charles Schwab'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.

Charles Schwab Cyclically Adjusted Book per Share Chart

Charles Schwab 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 9.02 12.32 14.44 15.42 17.49

Charles Schwab 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 15.94 16.41 15.92 17.49 -

Competitive Comparison of Charles Schwab's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Charles Schwab'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.


Charles Schwab's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Charles Schwab's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Charles Schwab 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, Charles Schwab'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)
=20.435/133.1571*133.1571
=20.435

Current CPI (Dec. 2024) = 133.1571.

Charles Schwab Quarterly Data

Book Value per Share CPI Adj_Book
201503 7.941 99.621 10.614
201506 7.825 100.684 10.349
201509 7.946 100.392 10.539
201512 8.304 99.792 11.080
201603 8.377 100.470 11.102
201606 8.612 101.688 11.277
201609 8.935 101.861 11.680
201612 9.701 101.863 12.681
201703 9.931 102.862 12.856
201706 9.781 103.349 12.602
201709 9.544 104.136 12.204
201712 9.881 104.011 12.650
201803 9.948 105.290 12.581
201806 10.964 106.317 13.732
201809 11.438 106.507 14.300
201812 11.793 105.998 14.815
201903 12.490 107.251 15.507
201906 12.531 108.070 15.440
201909 13.075 108.329 16.072
201912 13.266 108.420 16.293
202003 16.505 108.902 20.181
202006 17.610 108.767 21.559
202009 17.164 109.815 20.812
202012 21.123 109.897 25.594
202103 20.075 111.754 23.920
202106 20.882 114.631 24.257
202109 21.368 115.734 24.585
202112 21.646 117.630 24.503
202203 17.918 121.301 19.669
202206 17.605 125.017 18.751
202209 14.398 125.227 15.310
202212 13.704 125.222 14.572
202303 13.946 127.348 14.582
202306 14.175 128.729 14.663
202309 14.710 129.860 15.084
202312 15.975 129.419 16.436
202403 16.729 131.776 16.904
202406 17.661 132.554 17.741
202409 18.726 133.029 18.744
202412 20.435 133.157 20.435

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


Charles Schwab  (WBO:SCHW) 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.

Charles Schwab's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=74.45/17.49
=4.26

* 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 Charles Schwab was 7.82. The lowest was 3.02. And the median was 4.95.


Be Aware

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


Charles Schwab Cyclically Adjusted Book per Share Related Terms

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


Charles Schwab Business Description

Address
3000 Schwab Way, Westlake, TX, USA, 76262
Charles Schwab is one of the largest retail-oriented financial services companies in the US, with $10.1 trillion in client assets across its brokerage, banking, asset-management, custody, financial advisory, and wealth-management businesses at year-end 2024. While best known for its retail brokerage offering, Schwab generates the lion's share of its revenue and profits through its Charles Schwab Bank and asset-management segments. The firm is a dominant player in registered investment advisor custody, with over 40% market share, and has recently pushed into wealth management with robo-advisory, direct indexing, and other managed-investment solutions.