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Halyk Bank of Kazakhstan JSC (XKAZ:HSBK) Cyclically Adjusted Book per Share : ₸152.38 (As of Mar. 2025)


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What is Halyk Bank of Kazakhstan JSC 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.

Halyk Bank of Kazakhstan JSC's adjusted book value per share for the three months ended in Mar. 2025 was ₸302.045. 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 ₸152.38 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Halyk Bank of Kazakhstan JSC's average Cyclically Adjusted Book Growth Rate was 20.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -10.70% 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 Halyk Bank of Kazakhstan JSC was -10.70% per year. The lowest was -26.20% per year. And the median was -18.45% per year.

As of today (2025-05-31), Halyk Bank of Kazakhstan JSC's current stock price is ₸295.87. Halyk Bank of Kazakhstan JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₸152.38. Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio of today is 1.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Halyk Bank of Kazakhstan JSC was 2.08. The lowest was 0.34. And the median was 0.95.


Halyk Bank of Kazakhstan JSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Halyk Bank of Kazakhstan JSC'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.

Halyk Bank of Kazakhstan JSC Cyclically Adjusted Book per Share Chart

Halyk Bank of Kazakhstan JSC 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 296.20 202.06 132.98 119.09 143.71

Halyk Bank of Kazakhstan JSC 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 126.99 133.17 139.73 143.71 152.38

Competitive Comparison of Halyk Bank of Kazakhstan JSC's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Halyk Bank of Kazakhstan JSC'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.


Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio falls into.


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Halyk Bank of Kazakhstan JSC 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, Halyk Bank of Kazakhstan JSC'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)
=302.045/134.9266*134.9266
=302.045

Current CPI (Mar. 2025) = 134.9266.

Halyk Bank of Kazakhstan JSC Quarterly Data

Book Value per Share CPI Adj_Book
201503 40.399 99.621 54.716
201506 38.052 100.684 50.994
201512 43.064 99.792 58.226
201603 44.164 100.470 59.310
201606 53.479 101.688 70.960
201609 0.000 101.861 0.000
201612 60.544 101.863 80.196
201703 0.000 102.862 0.000
201706 68.648 103.349 89.623
201709 75.133 104.136 97.348
201712 78.409 104.011 101.715
201803 79.103 105.290 101.369
201806 74.854 106.317 94.997
201809 83.700 106.507 106.034
201812 91.238 105.998 116.138
201903 0.000 107.251 0.000
201906 96.531 108.070 120.521
201909 104.615 108.329 130.300
201912 112.144 108.420 139.561
202003 116.115 108.902 143.864
202006 125.607 108.767 155.816
202009 116.902 109.815 143.634
202012 127.800 109.897 156.907
202103 135.360 111.754 163.427
202106 128.625 114.631 151.398
202109 137.292 115.734 160.059
202112 152.254 117.630 174.643
202203 146.614 121.301 163.083
202206 162.012 125.017 174.854
202209 174.418 125.227 187.928
202212 184.882 125.222 199.211
202303 194.444 127.348 206.016
202306 185.032 128.729 193.941
202309 200.073 129.860 207.880
202312 227.197 129.419 236.865
202403 244.397 131.776 250.240
202406 236.363 132.554 240.594
202409 264.172 133.029 267.940
202412 281.989 133.157 285.736
202503 302.045 134.927 302.045

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


Halyk Bank of Kazakhstan JSC  (XKAZ:HSBK) 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.

Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=295.87/152.38
=1.94

* 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 Halyk Bank of Kazakhstan JSC was 2.08. The lowest was 0.34. And the median was 0.95.


Be Aware

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


Halyk Bank of Kazakhstan JSC Cyclically Adjusted Book per Share Related Terms

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


Halyk Bank of Kazakhstan JSC Business Description

Traded in Other Exchanges
Address
40 Al-Farabi Avenue, Almaty, KAZ, A26M3K5
Halyk Bank of Kazakhstan JSC is engaged in retail, corporate, and SME banking services. It also provides insurance, cash collection, asset management, brokerage, telecommunication, and leasing services. The Group has four main business segments: Corporate Banking, SME Banking, Retail Banking, and Investment Banking. The majority of revenue derives from the corporate banking segment which includes banking services to corporate clients and financial institutions including current accounts and correspondent accounts, deposits, custody, overdrafts, loans and other credit facilities, documentary operations, including guarantees and letters of credit, trade finance products, as well as cash services and foreign exchange transactions.

Halyk Bank of Kazakhstan JSC Headlines