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EQB (FRA:V22) Cyclically Adjusted PB Ratio : 1.74 (As of Jun. 02, 2025)


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What is EQB Cyclically Adjusted PB Ratio?

As of today (2025-06-02), EQB's current share price is €57.50. EQB's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was €33.03. EQB's Cyclically Adjusted PB Ratio for today is 1.74.

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

FRA:V22' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.87   Max: 2.69
Current: 1.82

During the past years, EQB's highest Cyclically Adjusted PB Ratio was 2.69. The lowest was 1.01. And the median was 1.87.

FRA:V22's Cyclically Adjusted PB Ratio is ranked worse than
83.1% of 1284 companies
in the Banks industry
Industry Median: 1.01 vs FRA:V22: 1.82

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.

EQB's adjusted book value per share data for the three months ended in Apr. 2025 was €54.004. 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 €33.03 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


EQB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EQB'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.

EQB Cyclically Adjusted PB Ratio Chart

EQB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Oct24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.27 1.85 2.13 1.47 2.20

EQB Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 1.83 2.04 2.20 2.17 1.83

Competitive Comparison of EQB's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, EQB'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.


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

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

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


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EQB 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.50/33.03
=1.74

* 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.

EQB's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, EQB's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book=Book Value per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=54.004/129.1809*129.1809
=54.004

Current CPI (Apr. 2025) = 129.1809.

EQB Quarterly Data

Book Value per Share CPI Adj_Book
201503 15.427 99.789 19.971
201506 15.781 100.500 20.285
201509 15.018 100.421 19.319
201512 15.586 99.947 20.145
201603 16.230 101.054 20.747
201606 17.102 102.002 21.659
201609 17.571 101.765 22.305
201612 19.582 101.449 24.935
201703 20.072 102.634 25.264
201706 20.076 103.029 25.172
201709 21.266 103.345 26.583
201712 21.362 103.345 26.703
201803 21.066 105.004 25.916
201806 22.510 105.557 27.548
201809 23.581 105.636 28.837
201812 23.860 105.399 29.244
201903 24.678 106.979 29.799
201906 25.703 107.690 30.832
201909 27.419 107.611 32.915
201912 28.382 107.769 34.021
202003 26.594 107.927 31.831
202006 27.813 108.401 33.144
202009 28.637 108.164 34.201
202012 29.954 108.559 35.644
202103 32.698 110.298 38.296
202106 34.612 111.720 40.022
202109 35.486 112.905 40.602
202112 38.192 113.774 43.364
202203 41.340 117.646 45.393
202206 43.778 120.806 46.813
202209 44.386 120.648 47.525
202212 43.537 120.964 46.494
202303 44.007 122.702 46.331
202306 46.740 124.203 48.613
202401 48.788 125.072 50.391
202404 50.255 126.890 51.162
202407 53.460 128.075 53.922
202410 54.283 127.838 54.853
202501 56.085 127.443 56.850
202504 54.004 129.181 54.004

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.


EQB  (FRA:V22) 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.


EQB Cyclically Adjusted PB Ratio Related Terms

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


EQB Business Description

Industry
Traded in Other Exchanges
Address
30 St. Clair Avenue West, Suite 700, Toronto, ON, CAN, M4V 3A1
EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.

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