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BankUnited (FRA:BNU) Cyclically Adjusted PB Ratio : 0.85 (As of Jun. 09, 2024)


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What is BankUnited Cyclically Adjusted PB Ratio?

As of today (2024-06-09), BankUnited's current share price is €26.00. BankUnited's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €30.69. BankUnited's Cyclically Adjusted PB Ratio for today is 0.85.

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

FRA:BNU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 1.19   Max: 2.02
Current: 0.84

During the past years, BankUnited's highest Cyclically Adjusted PB Ratio was 2.02. The lowest was 0.52. And the median was 1.19.

FRA:BNU's Cyclically Adjusted PB Ratio is ranked better than
55.78% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs FRA:BNU: 0.84

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.

BankUnited's adjusted book value per share data for the three months ended in Mar. 2024 was €32.487. 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 €30.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BankUnited Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BankUnited'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.

BankUnited Cyclically Adjusted PB Ratio Chart

BankUnited 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 1.58 1.41 1.51 1.10 0.99

BankUnited 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 0.72 0.67 0.70 0.99 0.83

Competitive Comparison of BankUnited's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, BankUnited'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.


BankUnited's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



BankUnited 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.

BankUnited's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.00/30.69
=0.85

* 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.

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

For example, BankUnited'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)
=32.487/131.7762*131.7762
=32.487

Current CPI (Mar. 2024) = 131.7762.

BankUnited Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.586 100.560 19.114
201409 15.572 100.428 20.433
201412 16.375 99.070 21.781
201503 18.903 99.621 25.004
201506 18.481 100.684 24.188
201509 19.025 100.392 24.973
201512 19.878 99.792 26.249
201603 19.523 100.470 25.606
201606 19.917 101.688 25.810
201609 20.303 101.861 26.266
201612 22.010 101.863 28.474
201703 22.168 102.862 28.399
201706 21.507 103.349 27.423
201709 20.605 104.136 26.074
201712 23.931 104.011 30.319
201803 23.168 105.290 28.996
201806 24.973 106.317 30.953
201809 25.389 106.507 31.413
201812 25.923 105.998 32.227
201903 26.292 107.251 32.304
201906 26.628 108.070 32.469
201909 27.786 108.329 33.800
201912 28.201 108.420 34.276
202003 24.642 108.902 29.818
202006 26.471 108.767 32.071
202009 26.326 109.815 31.591
202012 26.347 109.897 31.592
202103 27.577 111.754 32.518
202106 28.144 114.631 32.353
202109 29.230 115.734 33.282
202112 31.389 117.630 35.164
202203 30.909 121.301 33.578
202206 30.415 125.017 32.059
202209 32.291 125.227 33.980
202212 30.388 125.222 31.979
202303 31.141 127.348 32.224
202306 31.329 128.729 32.071
202309 31.783 129.860 32.252
202312 31.785 129.419 32.364
202403 32.487 131.776 32.487

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.


BankUnited  (FRA:BNU) 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.


BankUnited Cyclically Adjusted PB Ratio Related Terms

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


BankUnited (FRA:BNU) Business Description

Industry
Traded in Other Exchanges
Address
14817 Oak Lane, Miami Lakes, FL, USA, 33016
BankUnited Inc is a bank holding company with one wholly owned subsidiary, BankUnited. The bank provides a full range of banking services through banking centers located primarily throughout Florida, as well as New York City. BankUnited is a commercially focused regional bank focusing on small and middle-market businesses, but also provides certain commercial lending and deposit products on a national platform. It has historically grown through organic growth. BankUnited was established by a group of investors who acquired the assets and most of the liabilities of its predecessor from the Federal Deposit Insurance Corporation. The group recapitalized BankUnited with an investment of over $900 million. most of its revenue comprises net interest income derived mostly from loans.

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