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CIMB Group Holdings Bhd (XKLS:1023) Cyclically Adjusted Book per Share : RM6.47 (As of Mar. 2024)


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What is CIMB Group Holdings Bhd 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.

CIMB Group Holdings Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM6.359. 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 RM6.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CIMB Group Holdings Bhd's average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% 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 CIMB Group Holdings Bhd was 8.00% per year. The lowest was 7.80% per year. And the median was 7.90% per year.

As of today (2024-06-18), CIMB Group Holdings Bhd's current stock price is RM6.92. CIMB Group Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM6.47. CIMB Group Holdings Bhd's Cyclically Adjusted PB Ratio of today is 1.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CIMB Group Holdings Bhd was 1.17. The lowest was 0.58. And the median was 0.90.


CIMB Group Holdings Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for CIMB Group Holdings Bhd'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.

CIMB Group Holdings Bhd Cyclically Adjusted Book per Share Chart

CIMB Group Holdings Bhd 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 4.79 5.07 5.57 6.04 6.35

CIMB Group Holdings Bhd 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 6.17 6.26 6.34 6.35 6.47

Competitive Comparison of CIMB Group Holdings Bhd's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, CIMB Group Holdings Bhd'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.


CIMB Group Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CIMB Group Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CIMB Group Holdings Bhd's Cyclically Adjusted PB Ratio falls into.



CIMB Group Holdings Bhd 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, CIMB Group Holdings Bhd'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)
=6.359/131.7762*131.7762
=6.359

Current CPI (Mar. 2024) = 131.7762.

CIMB Group Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.640 100.560 6.080
201409 4.382 100.428 5.750
201412 4.459 99.070 5.931
201503 4.586 99.621 6.066
201506 4.617 100.684 6.043
201509 4.679 100.392 6.142
201512 4.838 99.792 6.389
201603 4.825 100.470 6.328
201606 4.991 101.688 6.468
201609 4.964 101.861 6.422
201612 5.132 101.863 6.639
201703 5.187 102.862 6.645
201706 5.230 103.349 6.669
201709 5.230 104.136 6.618
201712 5.251 104.011 6.653
201803 5.034 105.290 6.300
201806 5.208 106.317 6.455
201809 5.361 106.507 6.633
201812 5.392 105.998 6.703
201903 5.545 107.251 6.813
201906 5.658 108.070 6.899
201909 5.786 108.329 7.038
201912 5.688 108.420 6.913
202003 5.532 108.902 6.694
202006 5.670 108.767 6.869
202009 5.570 109.815 6.684
202012 5.656 109.897 6.782
202103 5.749 111.754 6.779
202106 5.863 114.631 6.740
202109 5.722 115.734 6.515
202112 5.778 117.630 6.473
202203 5.727 121.301 6.222
202206 5.778 125.017 6.090
202209 5.819 125.227 6.123
202212 5.878 125.222 6.186
202303 6.144 127.348 6.358
202306 6.300 128.729 6.449
202309 6.414 129.860 6.509
202312 6.425 129.419 6.542
202403 6.359 131.776 6.359

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


CIMB Group Holdings Bhd  (XKLS:1023) 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.

CIMB Group Holdings Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.92/6.47
=1.07

* 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 CIMB Group Holdings Bhd was 1.17. The lowest was 0.58. And the median was 0.90.


Be Aware

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


CIMB Group Holdings Bhd Cyclically Adjusted Book per Share Related Terms

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


CIMB Group Holdings Bhd (XKLS:1023) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Stesen Sentral 2, Level 13, Menara CIMB, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470
CIMB Group Holdings Bhd is a full-service bank based primarily in Malaysia and other Association of Southeast Asian Nations. The bank's segment includes Consumer Banking, Commercial Banking, Wholesale Banking, and CIMB Digital Assets and Group Funding. Most of the bank's income is derived from net interest income.

CIMB Group Holdings Bhd (XKLS:1023) Headlines

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