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CB First Investment Bank AD (XBUL:FIB) Cyclically Adjusted Book per Share : лв10.12 (As of Dec. 2024)


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What is CB First Investment 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 First Investment Bank AD's adjusted book value per share for the three months ended in Dec. 2024 was лв11.567. 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 лв10.12 for the trailing ten years ended in Dec. 2024.

During the past 12 months, CB First Investment Bank AD's average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 First Investment Bank AD was 9.40% per year. The lowest was 7.40% per year. And the median was 8.40% per year.

As of today (2025-04-26), CB First Investment Bank AD's current stock price is лв3.96. CB First Investment Bank AD's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was лв10.12. CB First Investment Bank AD's Cyclically Adjusted PB Ratio of today is 0.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CB First Investment Bank AD was 0.53. The lowest was 0.20. And the median was 0.25.


CB First Investment Bank AD Cyclically Adjusted Book per Share Historical Data

The historical data trend for CB First Investment 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 First Investment Bank AD Cyclically Adjusted Book per Share Chart

CB First Investment Bank AD 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 7.34 8.17 8.95 9.60 10.12

CB First Investment Bank AD Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 9.60 9.83 9.95 10.05 10.12

Competitive Comparison of CB First Investment Bank AD's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, CB First Investment 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 First Investment Bank AD's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where CB First Investment Bank AD's Cyclically Adjusted PB Ratio falls into.


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CB First Investment 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 First Investment Bank AD'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)
=11.567/133.1571*133.1571
=11.567

Current CPI (Dec. 2024) = 133.1571.

CB First Investment Bank AD Quarterly Data

Book Value per Share CPI Adj_Book
201503 6.671 99.621 8.917
201506 6.524 100.684 8.628
201509 6.703 100.392 8.891
201512 6.795 99.792 9.067
201603 7.038 100.470 9.328
201606 7.748 101.688 10.146
201609 7.453 101.861 9.743
201612 7.767 101.863 10.153
201703 7.965 102.862 10.311
201706 8.175 103.349 10.533
201709 8.321 104.136 10.640
201712 8.589 104.011 10.996
201803 7.823 105.290 9.894
201806 8.098 106.317 10.142
201809 8.239 106.507 10.301
201812 7.669 105.998 9.634
201903 7.853 107.251 9.750
201906 8.606 108.070 10.604
201909 8.322 108.329 10.229
201912 8.872 108.420 10.896
202003 8.904 108.902 10.887
202006 9.073 108.767 11.108
202009 8.140 109.815 9.870
202012 8.136 109.897 9.858
202103 8.208 111.754 9.780
202106 8.343 114.631 9.691
202109 8.516 115.734 9.798
202112 8.824 117.630 9.989
202203 8.740 121.301 9.594
202206 8.937 125.017 9.519
202209 9.042 125.227 9.615
202212 9.354 125.222 9.947
202303 9.641 127.348 10.081
202306 10.000 128.729 10.344
202309 10.388 129.860 10.652
202312 10.516 129.419 10.820
202403 10.692 131.776 10.804
202406 10.911 132.554 10.961
202409 11.274 133.029 11.285
202412 11.567 133.157 11.567

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


CB First Investment Bank AD  (XBUL:FIB) 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 First Investment Bank AD's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.96/10.12
=0.39

* 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 First Investment Bank AD was 0.53. The lowest was 0.20. 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.


CB First Investment Bank AD Cyclically Adjusted Book per Share Related Terms

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


CB First Investment Bank AD Business Description

Traded in Other Exchanges
N/A
Address
111P, Tsarigradsko shose Boulevard, Sofia 1784, Sofia, BGR, 1797
CB First Investment Bank AD provides banking services. The company provides Retail banking; Microlending; SME banking; Corporate banking; Card payments; Digital banking; Trade financing; International payments; Corporate lending, and others. Geographically the group operates principally in Bulgaria but also has operations in Cyprus and Albania.

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