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Trustmark (FRA:TT4) Cyclically Adjusted PB Ratio : 0.95 (As of Jun. 09, 2024)


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What is Trustmark Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Trustmark's current share price is €25.80. Trustmark's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €27.09. Trustmark's Cyclically Adjusted PB Ratio for today is 0.95.

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

FRA:TT4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.28   Max: 1.82
Current: 0.97

During the past years, Trustmark's highest Cyclically Adjusted PB Ratio was 1.82. The lowest was 0.68. And the median was 1.28.

FRA:TT4's Cyclically Adjusted PB Ratio is ranked worse than
55.19% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs FRA:TT4: 0.97

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.

Trustmark's adjusted book value per share data for the three months ended in Mar. 2024 was €25.303. 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 €27.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trustmark Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Trustmark'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.

Trustmark Cyclically Adjusted PB Ratio Chart

Trustmark 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 1.50 1.15 1.24 1.25 0.97

Trustmark 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 0.87 0.74 0.75 0.97 0.96

Competitive Comparison of Trustmark's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Trustmark'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.


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

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

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



Trustmark 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.80/27.09
=0.95

* 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.

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

For example, Trustmark'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)
=25.303/131.7762*131.7762
=25.303

Current CPI (Mar. 2024) = 131.7762.

Trustmark Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.278 100.560 20.021
201409 16.283 100.428 21.366
201412 17.065 99.070 22.699
201503 19.779 99.621 26.163
201506 19.129 100.684 25.036
201509 19.477 100.392 25.566
201512 20.016 99.792 26.431
201603 20.024 100.470 26.263
201606 20.050 101.688 25.983
201609 20.221 101.861 26.160
201612 21.310 101.863 27.568
201703 21.231 102.862 27.199
201706 20.521 103.349 26.165
201709 19.600 104.136 24.802
201712 19.604 104.011 24.837
201803 18.788 105.290 23.514
201806 20.052 106.317 24.854
201809 20.273 106.507 25.083
201812 21.249 105.998 26.417
201903 21.678 107.251 26.635
201906 22.243 108.070 27.122
201909 23.248 108.329 28.280
201912 23.281 108.420 28.296
202003 23.588 108.902 28.543
202006 23.437 108.767 28.395
202009 22.891 109.815 27.469
202012 22.565 109.897 27.057
202103 23.317 111.754 27.494
202106 23.526 114.631 27.045
202109 24.072 115.734 27.409
202112 24.997 117.630 28.003
202203 24.100 121.301 26.181
202206 24.526 125.017 25.852
202209 25.003 125.227 26.311
202212 23.102 125.222 24.311
202303 23.899 127.348 24.730
202306 23.747 128.729 24.309
202309 24.094 129.860 24.450
202312 24.953 129.419 25.407
202403 25.303 131.776 25.303

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.


Trustmark  (FRA:TT4) 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.


Trustmark Cyclically Adjusted PB Ratio Related Terms

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


Trustmark (FRA:TT4) Business Description

Industry
Traded in Other Exchanges
Address
248 East Capitol Street, Jackson, MS, USA, 39201
Trustmark Corp with over $12 billion in assets and more than 200 branches, Trustmark provides banking, insurance, and wealth management services in Mississippi, Alabama, Memphis, Houston, and the Florida Panhandle. Roughly 65% of its loans are in Mississippi, 12% in Houston, 10% in Alabama, and the rest are split between Memphis and Florida. Around three-fourths of its revenue comes from general banking, while insurance and wealth management services combine for roughly 10%.

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