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UniCredit SpA (XBUL:CRIN) Cyclically Adjusted Book per Share : лв33.52 (As of Mar. 2025)


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What is UniCredit SpA 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.

UniCredit SpA's adjusted book value per share for the three months ended in Mar. 2025 was лв79.650. 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 лв33.52 for the trailing ten years ended in Mar. 2025.

During the past 12 months, UniCredit SpA's average Cyclically Adjusted Book Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -6.60% 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 -1.50% per year. The lowest was -14.00% per year. And the median was -9.80% per year.

As of today (2025-05-16), UniCredit SpA's current stock price is лв55.94. UniCredit SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was лв33.52. UniCredit SpA's Cyclically Adjusted PB Ratio of today is 1.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UniCredit SpA was 1.53. The lowest was 0.12. And the median was 0.25.


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 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 - - - - 35.76

UniCredit SpA 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 - - 35.31 35.76 33.52

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.


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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. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=79.65/122.1000*122.1000
=79.650

Current CPI (Mar. 2025) = 122.1000.

UniCredit SpA Quarterly Data

Book Value per Share CPI Adj_Book
201506 82.989 100.279 101.048
201509 83.060 100.000 101.416
201512 80.375 99.814 98.321
201603 82.731 99.600 101.420
201606 80.135 99.900 97.943
201609 81.822 100.100 99.805
201612 59.041 100.300 71.873
201703 80.235 101.000 96.997
201706 48.851 101.100 58.998
201709 54.212 101.200 65.408
201712 55.342 101.200 66.771
201803 55.336 101.800 66.371
201806 50.982 102.400 60.790
201809 49.858 102.600 59.334
201812 50.477 102.300 60.247
201903 51.355 102.800 60.997
201906 52.770 103.100 62.495
201909 51.953 102.900 61.647
201912 53.618 102.800 63.684
202003 52.712 102.900 62.547
202006 53.658 102.900 63.670
202009 56.028 102.300 66.872
202012 56.782 102.600 67.574
202103 56.482 103.700 66.504
202106 58.272 104.200 68.282
202109 57.670 104.900 67.126
202112 55.766 106.600 63.875
202203 54.044 110.400 59.771
202206 55.444 112.500 60.175
202209 54.819 114.200 58.611
202212 60.840 119.000 62.425
202303 61.975 118.800 63.697
202306 64.804 119.700 66.103
202309 66.711 120.300 67.709
202312 71.608 119.700 73.044
202403 74.194 120.200 75.367
202406 71.864 120.700 72.698
202409 78.832 121.200 79.417
202412 74.419 121.200 74.972
202503 79.650 122.100 79.650

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


UniCredit SpA  (XBUL:CRIN) 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.

UniCredit SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=55.94/33.52
=1.67

* 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 UniCredit SpA was 1.53. The lowest was 0.12. And the median was 0.25.


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 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 a half of its operations is 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 Headlines

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