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CB Bulgarian American Credit Bank AD (XBUL:BACB) Cyclically Adjusted Book per Share : лв10.92 (As of Mar. 2024)


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What is CB Bulgarian American Credit Bank AD 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.

CB Bulgarian American Credit Bank AD's adjusted book value per share for the three months ended in Mar. 2024 was лв14.073. 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 лв10.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CB Bulgarian American Credit Bank AD's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 CB Bulgarian American Credit Bank AD was 4.90% per year. The lowest was -0.70% per year. And the median was 2.10% per year.

As of today (2024-06-25), CB Bulgarian American Credit Bank AD's current stock price is лв6.25. CB Bulgarian American Credit Bank AD's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was лв10.92. CB Bulgarian American Credit Bank AD's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CB Bulgarian American Credit Bank AD was 0.69. The lowest was 0.43. And the median was 0.61.


CB Bulgarian American Credit Bank AD Cyclically Adjusted Book per Share Historical Data

The historical data trend for CB Bulgarian American Credit Bank AD'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.

CB Bulgarian American Credit Bank AD Cyclically Adjusted Book per Share Chart

CB Bulgarian American Credit Bank AD 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 10.39 9.23 9.49 10.17 10.65

CB Bulgarian American Credit Bank AD 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 10.36 10.50 10.63 10.65 10.92

Competitive Comparison of CB Bulgarian American Credit Bank AD's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, CB Bulgarian American Credit Bank AD'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.


CB Bulgarian American Credit Bank AD's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CB Bulgarian American Credit Bank AD's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CB Bulgarian American Credit Bank AD's Cyclically Adjusted PB Ratio falls into.



CB Bulgarian American Credit Bank AD 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, CB Bulgarian American Credit Bank AD'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)
=14.073/131.7762*131.7762
=14.073

Current CPI (Mar. 2024) = 131.7762.

CB Bulgarian American Credit Bank AD Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.173 100.560 10.710
201409 7.656 100.428 10.046
201412 7.443 99.070 9.900
201503 6.334 99.621 8.378
201506 6.447 100.684 8.438
201509 6.519 100.392 8.557
201512 6.800 99.792 8.979
201603 6.911 100.470 9.064
201606 6.989 101.688 9.057
201609 7.134 101.861 9.229
201612 6.771 101.863 8.759
201703 6.877 102.862 8.810
201706 7.407 103.349 9.444
201709 7.930 104.136 10.035
201712 7.961 104.011 10.086
201803 8.208 105.290 10.273
201806 7.912 106.317 9.807
201809 15.775 106.507 19.518
201812 7.953 105.998 9.887
201903 8.070 107.251 9.915
201906 8.195 108.070 9.993
201909 8.172 108.329 9.941
201912 8.416 108.420 10.229
202003 0.000 108.902 0.000
202006 8.734 108.767 10.582
202009 9.266 109.815 11.119
202012 9.791 109.897 11.740
202103 9.757 111.754 11.505
202106 10.092 114.631 11.601
202109 10.003 115.734 11.390
202112 9.858 117.630 11.044
202203 9.817 121.301 10.665
202206 18.699 125.017 19.710
202209 9.202 125.227 9.683
202212 10.825 125.222 11.392
202303 11.414 127.348 11.811
202306 12.030 128.729 12.315
202309 12.504 129.860 12.689
202312 13.431 129.419 13.676
202403 14.073 131.776 14.073

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


CB Bulgarian American Credit Bank AD  (XBUL:BACB) 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.

CB Bulgarian American Credit Bank AD's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.25/10.92
=0.57

* 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 CB Bulgarian American Credit Bank AD was 0.69. The lowest was 0.43. 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.


CB Bulgarian American Credit Bank AD Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of CB Bulgarian American Credit Bank AD's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CB Bulgarian American Credit Bank AD (XBUL:BACB) Business Description

Traded in Other Exchanges
N/A
Address
2 Slavyanska Street, Sofia, BGR, 1000
CB Bulgarian American Credit Bank AD is engaged in providing secured finance to small and medium-sized businesses in Bulgaria. The company offers a full range of banking products and services to individual and corporate clients. It also provides retail, mortgage, working capital, and investment loans, overdrafts, discount credits against claims, and letters of credit and limits for issuance of letters of credit, as well as engage in the taking over/guarantee of credit/bill of exchange liability of a juridical entity or a sole trader.

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