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Banco Pine (BSP:PINE3) Cyclically Adjusted PB Ratio : 0.53 (As of Jan. 18, 2025)


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What is Banco Pine Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Banco Pine's current share price is R$4.38. Banco Pine's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was R$8.19. Banco Pine's Cyclically Adjusted PB Ratio for today is 0.53.

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

BSP:PINE3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.99   Max: 1.1
Current: 0.52

During the past years, Banco Pine's highest Cyclically Adjusted PB Ratio was 1.10. The lowest was 0.17. And the median was 0.99.

BSP:PINE3's Cyclically Adjusted PB Ratio is ranked better than
82.56% of 1227 companies
in the Banks industry
Industry Median: 1.02 vs BSP:PINE3: 0.52

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.

Banco Pine's adjusted book value per share data for the three months ended in Sep. 2024 was R$5.649. 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 R$8.19 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Pine Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Banco Pine'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.

Banco Pine Cyclically Adjusted PB Ratio Chart

Banco Pine 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 0.99 1.00 0.98 1.03 0.60

Banco Pine Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.47 0.60 0.98 0.62 0.65

Competitive Comparison of Banco Pine's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Banco Pine'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.


Banco Pine's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Banco Pine 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.

Banco Pine's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.38/8.19
=0.53

* 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.

Banco Pine's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Banco Pine's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=5.649/162.3424*162.3424
=5.649

Current CPI (Sep. 2024) = 162.3424.

Banco Pine Quarterly Data

Book Value per Share CPI Adj_Book
201412 8.681 94.194 14.962
201503 8.598 97.799 14.272
201506 8.350 100.006 13.555
201509 8.339 101.392 13.352
201512 7.913 104.247 12.323
201603 8.345 106.979 12.664
201606 8.185 108.851 12.207
201609 8.094 109.986 11.947
201612 8.068 110.802 11.821
201703 8.057 111.869 11.692
201706 7.863 112.115 11.386
201709 6.388 112.777 9.196
201712 6.290 114.068 8.952
201803 6.385 114.868 9.024
201806 6.356 117.038 8.816
201809 6.373 117.881 8.777
201812 5.912 118.340 8.110
201903 5.650 120.124 7.636
201906 5.496 120.977 7.375
201909 5.327 121.292 7.130
201912 5.030 123.436 6.615
202003 5.035 124.092 6.587
202006 5.054 123.557 6.640
202009 4.872 125.095 6.323
202012 4.741 129.012 5.966
202103 4.486 131.660 5.531
202106 4.635 133.871 5.621
202109 4.612 137.913 5.429
202112 4.660 141.992 5.328
202203 4.966 146.537 5.502
202206 4.516 149.784 4.895
202209 4.587 147.800 5.038
202212 4.648 150.207 5.024
202303 5.052 153.352 5.348
202306 5.019 154.519 5.273
202309 5.307 155.464 5.542
202312 5.358 157.148 5.535
202403 5.134 159.372 5.230
202406 5.393 161.052 5.436
202409 5.649 162.342 5.649

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.


Banco Pine  (BSP:PINE3) 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.


Banco Pine Cyclically Adjusted PB Ratio Related Terms

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


Banco Pine Business Description

Industry
Traded in Other Exchanges
Address
Avenida Presidente Juscelino Kubitschek, n° 1.830 - 4th Floor, Itaim Bibi, Pinheiros, SP, BRA, 4543900
Banco Pine SA is a banking company. It operates commercial, credit and financing and foreign exchange portfolios. The company's operations are conducted in the context of a group of institutions which act jointly, and certain transactions involve the co-participation or intermediation of member companies of the Pine financial conglomerate. The benefits from the intercompany services and the costs for the operating and administrative structures are absorbed, either jointly or individually, by these companies as is practicable and reasonable in the circumstances.

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