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Berner Kantonalbank AG (XSWX:BEKN) Cyclically Adjusted Book per Share : CHF291.60 (As of Dec. 2023)


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What is Berner Kantonalbank AG 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.

Berner Kantonalbank AG's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was CHF312.693. 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 CHF291.60 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Berner Kantonalbank AG's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 Berner Kantonalbank AG was 5.90% per year. The lowest was 3.50% per year. And the median was 4.50% per year.

As of today (2024-05-02), Berner Kantonalbank AG's current stock price is CHF 251.00. Berner Kantonalbank AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was CHF291.60. Berner Kantonalbank AG's Cyclically Adjusted PB Ratio of today is 0.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Berner Kantonalbank AG was 1.00. The lowest was 0.78. And the median was 0.85.


Berner Kantonalbank AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Berner Kantonalbank AG'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.

Berner Kantonalbank AG Cyclically Adjusted Book per Share Chart

Berner Kantonalbank AG 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 249.61 255.68 266.90 280.58 291.60

Berner Kantonalbank AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 266.90 - 280.58 - 291.60

Competitive Comparison of Berner Kantonalbank AG's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Berner Kantonalbank AG'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.


Berner Kantonalbank AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Berner Kantonalbank AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Berner Kantonalbank AG's Cyclically Adjusted PB Ratio falls into.



Berner Kantonalbank AG 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, Berner Kantonalbank AG's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_Book=Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=312.693/106.4611*106.4611
=312.693

Current CPI (Dec. 2023) = 106.4611.

Berner Kantonalbank AG Annual Data

Book Value per Share CPI Adj_Book
201412 248.523 100.704 262.731
201512 251.175 99.386 269.055
201612 259.313 99.380 277.791
201712 269.126 100.213 285.906
201812 278.465 100.906 293.795
201912 284.722 101.063 299.929
202012 286.130 100.241 303.886
202112 292.916 101.776 306.401
202212 298.709 104.666 303.832
202312 312.693 106.461 312.693

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


Berner Kantonalbank AG  (XSWX:BEKN) 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.

Berner Kantonalbank AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=251.00/291.6
=0.86

* 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 Berner Kantonalbank AG was 1.00. The lowest was 0.78. And the median was 0.85.


Be Aware

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


Berner Kantonalbank AG Cyclically Adjusted Book per Share Related Terms

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


Berner Kantonalbank AG (XSWX:BEKN) Business Description

Industry
Traded in Other Exchanges
Address
Bundesplatz 8, Postfach, Bern, CHE, 3011
Berner Kantonalbank AG is a Swiss cantonal bank. It is engaged in the business activities in the Canton and the neighboring economic area. It manages the assets, grants loans to private individuals and companies. The bank offers solutions for paying, saving, investing, financing and provisioning. It focuses its activities on two core business areas namely business with private and corporate customers, in particular, SMEs, and asset management. The bank provides consultancies to SMEs and individuals, as an employer, as a training bank, and as a taxpayer.

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