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Bank Fur Tirol und Vorarlberg AG (FRA:ZTY) Cyclically Adjusted PB Ratio : 0.92 (As of Jun. 02, 2025)


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What is Bank Fur Tirol und Vorarlberg AG Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Bank Fur Tirol und Vorarlberg AG's current share price is €47.60. Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €51.83. Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted PB Ratio for today is 0.92.

The historical rank and industry rank for Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:ZTY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.65   Max: 1.05
Current: 1.03

During the past years, Bank Fur Tirol und Vorarlberg AG's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.48. And the median was 0.65.

FRA:ZTY's Cyclically Adjusted PB Ratio is ranked worse than
50.86% of 1284 companies
in the Banks industry
Industry Median: 1.01 vs FRA:ZTY: 1.03

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.

Bank Fur Tirol und Vorarlberg AG's adjusted book value per share data for the three months ended in Dec. 2024 was €65.548. 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 €51.83 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Fur Tirol und Vorarlberg AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank Fur Tirol und Vorarlberg AG'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.

Bank Fur Tirol und Vorarlberg AG Cyclically Adjusted PB Ratio Chart

Bank Fur Tirol und Vorarlberg AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.64 0.68 0.78 0.92

Bank Fur Tirol und Vorarlberg AG Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.78 0.89 0.87 0.91 0.92

Competitive Comparison of Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Bank Fur Tirol und Vorarlberg AG'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.


Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted PB Ratio falls into.


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Bank Fur Tirol und Vorarlberg AG 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.

Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.60/51.83
=0.92

* 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.

Bank Fur Tirol und Vorarlberg AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Bank Fur Tirol und Vorarlberg AG's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=65.548/135.2728*135.2728
=65.548

Current CPI (Dec. 2024) = 135.2728.

Bank Fur Tirol und Vorarlberg AG Quarterly Data

Book Value per Share CPI Adj_Book
201503 44.827 99.992 60.644
201506 40.944 100.492 55.115
201509 43.187 100.292 58.250
201512 40.151 100.692 53.940
201603 45.584 100.692 61.239
201606 45.792 101.092 61.275
201609 46.432 101.192 62.070
201612 46.822 102.092 62.040
201703 48.201 102.592 63.556
201706 41.974 102.991 55.130
201709 42.686 103.591 55.741
201712 39.586 104.291 51.346
201803 45.675 104.491 59.130
201806 47.145 105.091 60.685
201809 48.382 105.691 61.923
201812 43.674 106.291 55.582
201903 47.844 106.391 60.832
201906 49.029 106.791 62.105
201909 49.236 106.991 62.251
201912 46.604 108.091 58.324
202003 50.193 108.024 62.854
202006 50.749 107.915 63.614
202009 50.989 108.348 63.660
202012 51.217 109.321 63.375
202103 51.698 110.186 63.468
202106 52.930 110.943 64.537
202109 53.620 111.916 64.810
202112 53.835 113.971 63.897
202203 54.731 117.647 62.931
202206 55.942 120.567 62.765
202209 56.548 123.811 61.783
202212 54.660 125.541 58.897
202303 56.705 128.460 59.712
202306 58.638 130.191 60.927
202309 59.184 131.272 60.988
202312 60.203 132.570 61.431
202403 62.007 133.759 62.709
202406 63.991 134.083 64.559
202409 64.852 133.651 65.639
202412 65.548 135.273 65.548

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.


Bank Fur Tirol und Vorarlberg AG  (FRA:ZTY) 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.


Bank Fur Tirol und Vorarlberg AG Cyclically Adjusted PB Ratio Related Terms

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


Bank Fur Tirol und Vorarlberg AG Business Description

Traded in Other Exchanges
Address
Stadtforum 1, Innsbruck, AUT, 6020
Bank Fur Tirol und Vorarlberg AG provides banking and financial products and services. It operates in Austria, Switzerland and Germany. It has corporate clients, retail clients, institutional clients and banks, leasing, and cable cars segments. The firm derives the majority of the revenues from the corporate client's segment.

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