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Bursa De Valori Bucuresti (BSE:BVB) Cyclically Adjusted PB Ratio : 4.01 (As of Jun. 23, 2024)


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What is Bursa De Valori Bucuresti Cyclically Adjusted PB Ratio?

As of today (2024-06-23), Bursa De Valori Bucuresti's current share price is lei64.40. Bursa De Valori Bucuresti's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was lei16.05. Bursa De Valori Bucuresti's Cyclically Adjusted PB Ratio for today is 4.01.

The historical rank and industry rank for Bursa De Valori Bucuresti's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSE:BVB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.86   Med: 3.99   Max: 4.56
Current: 4.01

During the past years, Bursa De Valori Bucuresti's highest Cyclically Adjusted PB Ratio was 4.56. The lowest was 2.86. And the median was 3.99.

BSE:BVB's Cyclically Adjusted PB Ratio is ranked worse than
82.1% of 637 companies
in the Capital Markets industry
Industry Median: 1.16 vs BSE:BVB: 4.01

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.

Bursa De Valori Bucuresti's adjusted book value per share data for the three months ended in Mar. 2024 was lei16.480. 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 lei16.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bursa De Valori Bucuresti Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bursa De Valori Bucuresti'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.

Bursa De Valori Bucuresti Cyclically Adjusted PB Ratio Chart

Bursa De Valori Bucuresti 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 - - - - 4.16

Bursa De Valori Bucuresti 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 3.02 3.18 4.16 4.16 4.01

Competitive Comparison of Bursa De Valori Bucuresti's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Bursa De Valori Bucuresti'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.


Bursa De Valori Bucuresti's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bursa De Valori Bucuresti's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bursa De Valori Bucuresti's Cyclically Adjusted PB Ratio falls into.



Bursa De Valori Bucuresti 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.

Bursa De Valori Bucuresti's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=64.40/16.05
=4.01

* 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.

Bursa De Valori Bucuresti's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bursa De Valori Bucuresti'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)
=16.48/131.7762*131.7762
=16.480

Current CPI (Mar. 2024) = 131.7762.

Bursa De Valori Bucuresti Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.303 100.560 16.122
201409 12.784 100.428 16.775
201412 13.111 99.070 17.439
201503 13.330 99.621 17.633
201506 12.177 100.684 15.937
201509 12.289 100.392 16.131
201512 12.611 99.792 16.653
201603 12.597 100.470 16.522
201606 11.955 101.688 15.492
201609 12.287 101.861 15.896
201612 12.726 101.863 16.463
201703 13.103 102.862 16.786
201706 12.450 103.349 15.874
201709 12.765 104.136 16.153
201712 14.251 104.011 18.055
201803 14.783 105.290 18.502
201806 13.480 106.317 16.708
201809 13.547 106.507 16.761
201812 13.743 105.998 17.085
201903 14.139 107.251 17.372
201906 13.114 108.070 15.991
201909 13.404 108.329 16.305
201912 13.438 108.420 16.333
202003 13.892 108.902 16.810
202006 13.063 108.767 15.826
202009 13.519 109.815 16.223
202012 13.514 109.897 16.205
202103 13.782 111.754 16.251
202106 12.819 114.631 14.736
202109 13.011 115.734 14.814
202112 13.279 117.630 14.876
202203 13.826 121.301 15.020
202206 13.312 125.017 14.032
202209 13.572 125.227 14.282
202212 13.649 125.222 14.363
202303 13.909 127.348 14.393
202306 12.833 128.729 13.137
202309 15.151 129.860 15.375
202312 16.073 129.419 16.366
202403 16.480 131.776 16.480

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.


Bursa De Valori Bucuresti  (BSE:BVB) 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.


Bursa De Valori Bucuresti Cyclically Adjusted PB Ratio Related Terms

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


Bursa De Valori Bucuresti (BSE:BVB) Business Description

Traded in Other Exchanges
N/A
Address
34-36 Carol I Boulevard, 13th-14th Floor, District 2, Bucharest, ROU, 020922
Bursa De Valori Bucuresti SA is engaged in the management of the financial markets. The company's segment includes Capital markets, Post-trading services, Registry services, FCI services and Other services. Capital markets segment includes trading of securities and financial instruments transactions on regulated markets. Post-trading services include services provided after a transaction is completed and the bank account is debited, and the securities are transferred to the portfolio. Registry services include storage and updating of the registry of stakeholders for the listed companies. FCI services and other services are related to the investor's compensation scheme. Majority of revenue is generated from Trading services.

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