Commercial Bank of Ceylon (COL:COMB.N0000) Cyclically Adjusted PB Ratio : 0.86 (As of Jun. 20, 2024)

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What is Commercial Bank of Ceylon Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Commercial Bank of Ceylon's current share price is රු105.50. Commercial Bank of Ceylon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was රු122.53. Commercial Bank of Ceylon's Cyclically Adjusted PB Ratio for today is 0.86.

The historical rank and industry rank for Commercial Bank of Ceylon's Cyclically Adjusted PB Ratio or its related term are showing as below:

COL:COMB.N0000' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.73 Max: 0.95
Current: 0.88

During the past years, Commercial Bank of Ceylon's highest Cyclically Adjusted PB Ratio was 0.95. The lowest was 0.44. And the median was 0.73.

COL:COMB.N0000's Cyclically Adjusted PB Ratio is ranked better than
52.5% of 1202 companies
in the Banks industry
Industry Median: 0.9 vs COL:COMB.N0000: 0.88

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.

Commercial Bank of Ceylon's adjusted book value per share data for the three months ended in Mar. 2024 was රු164.925. 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 රු122.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Commercial Bank of Ceylon Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Commercial Bank of Ceylon'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.

Commercial Bank of Ceylon Cyclically Adjusted PB Ratio Chart

Commercial Bank of Ceylon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.76

0.43

0.79

Commercial Bank of Ceylon 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															0.56	0.59	0.76	0.79	0.78

Competitive Comparison of Commercial Bank of Ceylon's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Commercial Bank of Ceylon'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.

Commercial Bank of Ceylon's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Commercial Bank of Ceylon's Cyclically Adjusted PB Ratio falls into.

Commercial Bank of Ceylon 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.

Commercial Bank of Ceylon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	105.50	/	122.53
	=	0.86

Commercial Bank of Ceylon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Commercial Bank of Ceylon'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)
	=	164.925	/	131.7762	*	131.7762
	=	164.925

Current CPI (Mar. 2024) = 131.7762.

Commercial Bank of Ceylon Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	57.265	100.560	75.042
201409	63.004	100.428	82.671
201412	64.343	99.070	85.585
201503	59.464	99.621	78.657
201506	64.024	100.684	83.795
201509	64.277	100.392	84.371
201512	63.965	99.792	84.466
201603	58.194	100.470	76.327
201606	63.739	101.688	82.598
201609	68.864	101.861	89.088
201612	71.111	101.863	91.994
201703	72.260	102.862	92.572
201706	80.639	103.349	102.819
201709	85.982	104.136	108.804
201712	89.837	104.011	113.818
201803	90.763	105.290	113.595
201806	94.747	106.317	117.436
201809	99.959	106.507	123.675
201812	99.042	105.998	123.129
201903	99.730	107.251	122.536
201906	103.800	108.070	126.570
201909	108.198	108.329	131.616
201912	111.474	108.420	135.488
202003	112.264	108.902	135.845
202006	121.256	108.767	146.907
202009	119.510	109.815	143.410
202012	118.995	109.897	142.686
202103	123.681	111.754	145.840
202106	125.511	114.631	144.283
202109	123.987	115.734	141.173
202112	125.135	117.630	140.184
202203	134.088	121.301	145.667
202206	147.691	125.017	155.676
202209	149.715	125.227	157.546
202212	156.062	125.222	164.231
202303	153.878	127.348	159.229
202306	153.775	128.729	157.415
202309	159.681	129.860	162.038
202312	164.657	129.419	167.655
202403	164.925	131.776	164.925

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.

Commercial Bank of Ceylon (COL:COMB.N0000) 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.

Commercial Bank of Ceylon Cyclically Adjusted PB Ratio Related Terms

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

Commercial Bank of Ceylon (COL:COMB.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial Bank of Ceylon PLC (COL:COMB.N0000) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

COMB.X0000:Sri Lanka

Address

No. 21, Commercial House, Sir Razik Fareed Mawatha, P.O. Box 856, Colombo, LKA, 01

Website

https://www.combank.lk

Commercial Bank of Ceylon PLC is a financial institution operating in Sri Lanka. It offers a savings account, deposits, current accounts, loans, cards, online banking, mobile banking, among others. The operating segments of the group are Personal Banking; Corporate Banking; International operations; Dealing/treasury; and NBFI, Real Estate and Services.

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