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Raiffeisen Bank International AG (XTER:RAW) Cyclically Adjusted Book per Share : €46.92 (As of Mar. 2024)


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What is Raiffeisen Bank International 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.

Raiffeisen Bank International AG's adjusted book value per share for the three months ended in Mar. 2024 was €58.612. 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 €46.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Raiffeisen Bank International AG'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 5.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.60% 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 Raiffeisen Bank International AG was 5.40% per year. The lowest was -0.20% per year. And the median was 2.10% per year.

As of today (2024-06-05), Raiffeisen Bank International AG's current stock price is €16.81. Raiffeisen Bank International AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €46.92. Raiffeisen Bank International AG's Cyclically Adjusted PB Ratio of today is 0.36.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Raiffeisen Bank International AG was 0.85. The lowest was 0.24. And the median was 0.45.


Raiffeisen Bank International AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Raiffeisen Bank International 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.

Raiffeisen Bank International AG Cyclically Adjusted Book per Share Chart

Raiffeisen Bank International 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 41.02 40.23 40.27 43.84 46.94

Raiffeisen Bank International AG 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 45.10 45.37 46.06 46.94 46.92

Competitive Comparison of Raiffeisen Bank International AG's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Raiffeisen Bank International 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.


Raiffeisen Bank International AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Raiffeisen Bank International AG's Cyclically Adjusted PB Ratio falls into.



Raiffeisen Bank International 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, Raiffeisen Bank International AG'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)
=58.612/133.7589*133.7589
=58.612

Current CPI (Mar. 2024) = 133.7589.

Raiffeisen Bank International AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 49.352 99.496 66.347
201409 31.884 99.586 42.825
201412 26.278 99.676 35.263
201503 27.892 99.992 37.311
201506 28.390 100.492 37.788
201509 27.823 100.292 37.108
201512 27.243 100.692 36.190
201603 27.741 100.692 36.851
201606 27.982 101.092 37.024
201609 28.991 101.192 38.321
201612 29.578 102.092 38.753
201703 28.539 102.592 37.209
201706 29.086 102.991 37.775
201709 31.706 103.591 40.939
201712 32.208 104.291 41.308
201803 34.464 104.491 44.117
201806 34.488 105.091 43.896
201809 35.497 105.691 44.924
201812 35.642 106.291 44.853
201903 36.812 106.391 46.281
201906 37.092 106.791 46.459
201909 38.251 106.991 47.821
201912 39.420 108.091 48.781
202003 37.710 108.024 46.694
202006 39.070 107.915 48.426
202009 40.336 108.348 49.796
202012 40.981 109.321 50.142
202103 41.717 110.186 50.642
202106 42.502 110.943 51.243
202109 44.018 111.916 52.609
202112 44.018 113.971 51.661
202203 45.022 117.647 51.188
202206 51.845 120.567 57.518
202209 55.709 123.811 60.185
202212 53.704 125.541 57.220
202303 55.007 128.460 57.276
202306 55.210 130.191 56.723
202309 56.629 131.272 57.702
202312 56.705 132.570 57.214
202403 58.612 133.759 58.612

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


Raiffeisen Bank International AG  (XTER:RAW) 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.

Raiffeisen Bank International AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.81/46.92
=0.36

* 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 Raiffeisen Bank International AG was 0.85. The lowest was 0.24. And the median was 0.45.


Be Aware

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


Raiffeisen Bank International AG Cyclically Adjusted Book per Share Related Terms

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


Raiffeisen Bank International AG (XTER:RAW) Business Description

Address
Am Stadtpark 9, Vienna, AUT, 1030
Raiffeisen Bank International AG part of Raiffeisen Banking Group is the largest banking group in Austria in terms of total assets. RBG makes up one-fourth of the Austrian banking sector. Raiffeisen Bank regards Austria and Central and Western Europe as its home markets, and The company operates in three main geographical segments: Central Europe (the Czech Republic, Hungary, Poland, Slovakia, and Slovenia), Southeastern Europe (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Romania, and Serbia), and Eastern Europe (Belarus, Russia, and Ukraine).
Executives
Mag. Peter Anzeletti-reikl Supervisory Board

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