GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KBC Groupe NV (CHIX:KBCb) » Definitions » Cyclically Adjusted PB Ratio

KBC Groupe NV (CHIX:KBCB) Cyclically Adjusted PB Ratio : 1.21 (As of May. 29, 2024)


View and export this data going back to 2008. Start your Free Trial

What is KBC Groupe NV Cyclically Adjusted PB Ratio?

As of today (2024-05-29), KBC Groupe NV's current share price is €67.76. KBC Groupe NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €55.97. KBC Groupe NV's Cyclically Adjusted PB Ratio for today is 1.21.

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

CHIX:KBCb' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.28   Max: 1.79
Current: 1.19

During the past years, KBC Groupe NV's highest Cyclically Adjusted PB Ratio was 1.79. The lowest was 0.88. And the median was 1.28.

CHIX:KBCb's Cyclically Adjusted PB Ratio is ranked worse than
68.9% of 1196 companies
in the Banks industry
Industry Median: 0.92 vs CHIX:KBCb: 1.19

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.

KBC Groupe NV's adjusted book value per share data for the three months ended in Mar. 2024 was €59.274. 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 €55.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KBC Groupe NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KBC Groupe NV'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.

KBC Groupe NV Cyclically Adjusted PB Ratio Chart

KBC Groupe NV 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 1.41 1.23 1.55 1.13 1.07

KBC Groupe NV 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 1.19 1.20 1.10 1.07 1.24

Competitive Comparison of KBC Groupe NV's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, KBC Groupe NV'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.


KBC Groupe NV's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where KBC Groupe NV's Cyclically Adjusted PB Ratio falls into.



KBC Groupe NV 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.

KBC Groupe NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67.76/55.97
=1.21

* 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.

KBC Groupe NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, KBC Groupe NV'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)
=59.274/130.5518*130.5518
=59.274

Current CPI (Mar. 2024) = 130.5518.

KBC Groupe NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 37.663 99.482 49.426
201409 38.911 99.195 51.211
201412 39.552 99.086 52.112
201503 41.474 99.423 54.459
201506 40.638 100.107 52.997
201509 41.699 100.245 54.306
201512 37.817 100.572 49.090
201603 37.631 101.653 48.329
201606 38.827 102.267 49.566
201609 39.547 102.118 50.558
201612 41.487 102.614 52.782
201703 42.797 103.972 53.738
201706 43.183 103.902 54.259
201709 43.994 104.170 55.136
201712 44.926 104.804 55.963
201803 44.249 105.419 54.799
201806 45.696 106.063 56.247
201809 46.354 106.618 56.760
201812 47.180 107.252 57.429
201903 46.680 107.876 56.492
201906 46.379 107.896 56.117
201909 47.064 107.470 57.172
201912 48.569 108.065 58.676
202003 47.367 108.550 56.968
202006 48.541 108.540 58.385
202009 50.157 108.441 60.384
202012 51.673 108.511 62.169
202103 53.440 109.522 63.701
202106 55.436 110.305 65.612
202109 56.629 111.543 66.279
202112 55.358 114.705 63.006
202203 55.435 118.620 61.011
202206 48.551 120.948 52.406
202209 48.058 124.120 50.548
202212 52.303 126.578 53.945
202303 55.474 126.528 57.238
202306 54.784 125.973 56.775
202309 57.600 127.083 59.172
202312 59.390 128.292 60.436
202403 59.274 130.552 59.274

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.


KBC Groupe NV  (CHIX:KBCb) 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.


KBC Groupe NV Cyclically Adjusted PB Ratio Related Terms

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


KBC Groupe NV (CHIX:KBCB) Business Description

Industry
Address
Havenlaan 2, Brussels, BEL, B-1080
KBC was formed in 1998 by the merger of Belgian commercial bank Kredietbank, cooperative farmers bank CERA Bank, and cooperative insurer ABB Verzekering. KBC offers banking, insurance, and investment products. Belgium and the Czech Republic account for the bulk of KBC's profits, while the bank has smaller operations in Hungary, Slovakia, and Bulgaria.

KBC Groupe NV (CHIX:KBCB) Headlines

No Headlines