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Associated Banc-Corp (Associated Banc-Corp) Cyclically Adjusted PB Ratio : 0.86 (As of May. 15, 2024)


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What is Associated Banc-Corp Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Associated Banc-Corp's current share price is $22.37. Associated Banc-Corp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $25.88. Associated Banc-Corp's Cyclically Adjusted PB Ratio for today is 0.86.

The historical rank and industry rank for Associated Banc-Corp's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.99   Max: 1.5
Current: 0.86

During the past years, Associated Banc-Corp's highest Cyclically Adjusted PB Ratio was 1.50. The lowest was 0.57. And the median was 0.99.

ASB's Cyclically Adjusted PB Ratio is ranked better than
56.08% of 1184 companies
in the Banks industry
Industry Median: 0.935 vs ASB: 0.86

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.

Associated Banc-Corp's adjusted book value per share data for the three months ended in Mar. 2024 was $26.367. 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 $25.88 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Associated Banc-Corp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Associated Banc-Corp's Cyclically Adjusted PB Ratio 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.

Associated Banc-Corp Cyclically Adjusted PB Ratio Chart

Associated Banc-Corp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 0.83 0.99 0.94 0.83

Associated Banc-Corp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.72 0.64 0.66 0.83 0.83

Competitive Comparison of Associated Banc-Corp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Associated Banc-Corp'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.


Associated Banc-Corp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Associated Banc-Corp's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Associated Banc-Corp's Cyclically Adjusted PB Ratio falls into.



Associated Banc-Corp Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Associated Banc-Corp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.37/25.88
=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.

Associated Banc-Corp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Associated Banc-Corp'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)
=26.367/129.4194*129.4194
=26.367

Current CPI (Mar. 2024) = 129.4194.

Associated Banc-Corp Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.759 100.560 22.856
201409 17.916 100.428 23.088
201412 18.084 99.070 23.624
201503 18.379 99.621 23.876
201506 18.443 100.684 23.707
201509 18.767 100.392 24.193
201512 18.619 99.792 24.147
201603 18.955 100.470 24.417
201606 19.267 101.688 24.521
201609 19.420 101.861 24.674
201612 19.270 101.863 24.483
201703 19.416 102.862 24.429
201706 19.705 103.349 24.676
201709 19.982 104.136 24.834
201712 20.135 104.011 25.054
201803 20.634 105.290 25.363
201806 20.809 106.317 25.331
201809 20.912 106.507 25.411
201812 21.431 105.998 26.166
201903 21.769 107.251 26.269
201906 22.397 108.070 26.822
201909 23.003 108.329 27.481
201912 23.321 108.420 27.838
202003 22.993 108.902 27.325
202006 23.895 108.767 28.432
202009 24.043 109.815 28.335
202012 24.342 109.897 28.666
202103 24.558 111.754 28.440
202106 24.988 114.631 28.212
202109 25.352 115.734 28.350
202112 25.657 117.630 28.229
202203 25.028 121.301 26.703
202206 25.087 125.017 25.970
202209 25.011 125.227 25.848
202212 25.401 125.222 26.252
202303 26.056 127.348 26.480
202306 26.032 128.729 26.172
202309 26.058 129.860 25.970
202312 26.350 129.419 26.350
202403 26.367 129.419 26.367

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


Associated Banc-Corp  (NYSE:ASB) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Associated Banc-Corp Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Associated Banc-Corp's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Associated Banc-Corp (Associated Banc-Corp) Business Description

Traded in Other Exchanges
Address
433 Main Street, Green Bay, WI, USA, 54301
Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.
Executives
John A. Utz officer: Executive Vice President ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
David L Stein officer: Executive Vice President 433 MAIN STREET, GREEN BAY WI 54301
Jayne C Hladio officer: EVP, President Private Wealth C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Randall J. Erickson officer: Executive Vice President C/O ASSOCIATED BANC-CORP, 1200 HANSEN ROAD, GREEN BAY WI 54304
Michael J Haddad director C/O ASSOCIATED BANC CORP, 433 MAIN STREET, GREEN BAY WI 54301
Andrew J Harmening director, officer: President & CEO ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Karen Beckwith director 433 MAIN STREET, C/O ASSOCIATED BANC-CORP, GREEN BAY WI 54301
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
John B Williams director C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Terry Lynn Williams officer: Chief Information Officer C/O ASSOCIATED BANC CORP, 433 MAIN STREET, GREEN BAY WI 54301
Tammy C. Stadler officer: Principal Accounting Officer 330 E. KILBOURN, SUITE 200, MILWAUKEE WI 53202
Derek S. Meyer officer: EVP, Chief Financial Officer C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Bryan Carson officer: Executive Vice President C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Matthew R Braeger officer: Executive Vice President 433 MAIN STREET, GREEN BAY WI 54301
John P Thayer officer: Executive Vice President C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301