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ASRV (AmeriServ Financial) Cyclically Adjusted PB Ratio : 0.40 (As of May. 30, 2025)


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What is AmeriServ Financial Cyclically Adjusted PB Ratio?

As of today (2025-05-30), AmeriServ Financial's current share price is $2.80. AmeriServ Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $6.94. AmeriServ Financial's Cyclically Adjusted PB Ratio for today is 0.40.

The historical rank and industry rank for AmeriServ Financial's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASRV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.66   Max: 0.88
Current: 0.39

During the past years, AmeriServ Financial's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.31. And the median was 0.66.

ASRV's Cyclically Adjusted PB Ratio is ranked better than
89% of 1282 companies
in the Banks industry
Industry Median: 1.01 vs ASRV: 0.39

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.

AmeriServ Financial's adjusted book value per share data for the three months ended in Mar. 2025 was $6.705. 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 $6.94 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


AmeriServ Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AmeriServ Financial'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.

AmeriServ Financial Cyclically Adjusted PB Ratio Chart

AmeriServ Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.64 0.61 0.48 0.39

AmeriServ Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.38 0.33 0.38 0.39 0.35

Competitive Comparison of AmeriServ Financial's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, AmeriServ Financial'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.


AmeriServ Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where AmeriServ Financial's Cyclically Adjusted PB Ratio falls into.


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AmeriServ Financial 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.

AmeriServ Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.80/6.94
=0.40

* 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.

AmeriServ Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, AmeriServ Financial'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)
=6.705/134.9266*134.9266
=6.705

Current CPI (Mar. 2025) = 134.9266.

AmeriServ Financial Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.106 100.684 6.843
201509 5.215 100.392 7.009
201512 5.192 99.792 7.020
201603 5.165 100.470 6.936
201606 5.251 101.688 6.967
201609 5.292 101.861 7.010
201612 5.047 101.863 6.685
201703 5.122 102.862 6.719
201706 5.215 103.349 6.808
201709 5.312 104.136 6.883
201712 5.246 104.011 6.805
201803 5.313 105.290 6.809
201806 5.369 106.317 6.814
201809 5.470 106.507 6.930
201812 5.561 105.998 7.079
201903 5.647 107.251 7.104
201906 5.837 108.070 7.288
201909 5.975 108.329 7.442
201912 5.781 108.420 7.194
202003 5.916 108.902 7.330
202006 6.015 108.767 7.462
202009 6.059 109.815 7.445
202012 6.120 109.897 7.514
202103 6.171 111.754 7.451
202106 6.517 114.631 7.671
202109 6.661 115.734 7.766
202112 6.823 117.630 7.826
202203 6.645 121.301 7.391
202206 6.218 125.017 6.711
202209 5.936 125.227 6.396
202212 6.203 125.222 6.684
202303 6.176 127.348 6.544
202306 6.040 128.729 6.331
202309 5.909 129.860 6.140
202312 5.965 129.419 6.219
202403 6.061 131.776 6.206
202406 6.275 132.554 6.387
202409 6.549 133.029 6.642
202412 6.492 133.157 6.578
202503 6.705 134.927 6.705

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.


AmeriServ Financial  (NAS:ASRV) 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.


AmeriServ Financial Cyclically Adjusted PB Ratio Related Terms

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


AmeriServ Financial Business Description

Traded in Other Exchanges
N/A
Address
Main and Franklin Streets, P.O. Box 430, Johnstown, PA, USA, 15907-0430
AmeriServ Financial Inc is a bank holding company. The company and its subsidiaries derive substantially all of their income from banking, bank-related services, and trust-related services. Its operating segment includes community banking and it generates maximum revenue. The community banking segment includes both retail and commercial banking activities. The company also offers retail banking which includes the deposit-gathering branch franchise and lending to both individuals and small businesses; Lending activities include residential mortgage loans, direct consumer loans, and small business commercial loans; Commercial banking to businesses includes commercial loans, business services, and CRE loans.
Executives
Jeffrey A Stopko officer: Senior Vice President and CFO
Richard W. Bloomingdale director C/O AMERISERV FINANCIAL, INC., 216 FRANKLIN STREET, JOHNSTOWN PA 15901
Kim W Kunkle director
David J. Hickton director C/O AMERISERV FINANCIAL, INC., 216 FRANKLIN STREET, JOHNSTOWN PA 15901
James T Huerth officer: EVP, Commercial Banking 102 S MAIN STREET, CULPEPER VA 22701
Amy Bradley director MAIN & FRANKLIN STREETS, P. O. BOX 430, JOHNSTOWN PA 15907
O Malley Margaret A director
Daniel A. Onorato director MAIN & FRANKLIN STREETS, P.O. BOX 430, JOHNSTOWN PA 15907
Robert L Wise director
Craig G Ford director, officer: Chairman, President & CEO
Thomas C Slater director
Young Gregor T Iv officer: President & CEO of Trust Co. C/O S&T BANCORP INC, P O BOX 190, INDIANA PA 15701
Duke Bruce E Iii director
Michael D Lynch officer: Interim SVP & CFO 216 FRANKLIN STREET, JOHNSTOWN PA 15901
Michael R. Baylor officer: EVP & Regional President 216 FRANKLIN STREET, JOHNSTOWN PA 15901