GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Landmark Bancorp Inc (NAS:LARK) » Definitions » Cyclically Adjusted PB Ratio

Landmark Bancorp (Landmark Bancorp) Cyclically Adjusted PB Ratio : 0.86 (As of Apr. 29, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Landmark Bancorp Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Landmark Bancorp's current share price is $18.45. Landmark Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $21.54. Landmark Bancorp's Cyclically Adjusted PB Ratio for today is 0.86.

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

LARK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.29   Max: 1.71
Current: 0.88

During the past years, Landmark Bancorp's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.74. And the median was 1.29.

LARK's Cyclically Adjusted PB Ratio is ranked better than
53.99% of 1178 companies
in the Banks industry
Industry Median: 0.92 vs LARK: 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.

Landmark Bancorp's adjusted book value per share data for the three months ended in Dec. 2023 was $23.170. 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 $21.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Landmark Bancorp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Landmark Bancorp'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.

Landmark Bancorp Cyclically Adjusted PB Ratio Chart

Landmark Bancorp 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 1.34 1.20 1.40 1.06 0.92

Landmark Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.06 0.95 0.98 0.81 0.92

Competitive Comparison of Landmark Bancorp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Landmark Bancorp'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.


Landmark Bancorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Landmark Bancorp 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.

Landmark Bancorp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.45/21.54
=0.86

* 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.

Landmark Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Landmark Bancorp's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=23.17/129.4194*129.4194
=23.170

Current CPI (Dec. 2023) = 129.4194.

Landmark Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.673 99.695 16.452
201406 13.287 100.560 17.100
201409 14.221 100.428 18.326
201412 13.855 99.070 18.099
201503 14.533 99.621 18.880
201506 14.524 100.684 18.669
201509 15.257 100.392 19.669
201512 15.444 99.792 20.029
201603 16.104 100.470 20.744
201606 16.706 101.688 21.262
201609 16.598 101.861 21.089
201612 15.608 101.863 19.830
201703 15.916 102.862 20.025
201706 16.713 103.349 20.929
201709 15.962 104.136 19.838
201712 16.019 104.011 19.932
201803 15.302 105.290 18.809
201806 15.546 106.317 18.924
201809 15.561 106.507 18.909
201812 16.470 105.998 20.109
201903 17.356 107.251 20.944
201906 18.437 108.070 22.079
201909 18.988 108.329 22.685
201912 19.435 108.420 23.199
202003 20.275 108.902 24.095
202006 21.472 108.767 25.549
202009 22.226 109.815 26.194
202012 23.033 109.897 27.125
202103 23.297 111.754 26.980
202106 24.037 114.631 27.138
202109 24.575 115.734 27.481
202112 24.619 117.630 27.087
202203 22.417 121.301 23.917
202206 21.380 125.017 22.133
202209 19.238 125.227 19.882
202212 20.357 125.222 21.039
202303 21.494 127.348 21.844
202306 21.428 128.729 21.543
202309 19.986 129.860 19.918
202312 23.170 129.419 23.170

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.


Landmark Bancorp  (NAS:LARK) 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.


Landmark Bancorp Cyclically Adjusted PB Ratio Related Terms

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


Landmark Bancorp (Landmark Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
701 Poyntz Avenue, Manhattan, KS, USA, 66502
Landmark Bancorp Inc is the bank holding company for Landmark National Bank, which is dedicated to providing quality financial and banking services. The bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one-to-four-family residential real estate, construction and land, commercial real estate, commercial, agriculture, municipal and consumer loans. In addition, it also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Its primary deposit gathering and lending markets are geographically diversified with locations in central, eastern, southeast, and southwest Kansas.
Executives
Richard Ball director 2006 BROADWAY, SUITE D, GREAT BEND KS 67530
Mark A Herpich officer: Chief Financial Officer 701 POYNTZ AVENUE, MANHATTAN KS 66052
Michael E Scheopner officer: Executive Vice President 6701 SW HAMPTONSHIRE LANE, TOPEKA KS 66614-4464
Jim Lewis director 800 POYNTZ AVE, MANHATTAN KS 66502
Angela S. Hurt director 701 POYNTZ AVENUE, MANHATTAN KS 66502
Angelia K. Stanland director 701 POYNTZ AVENUE, MANHATTAN KS 66502
Sandra J Moll director P.O. BOX 402, PAOLA KS 66071
Wayne R Sloan director 1044 BRIANNA CT, MANHATTAN KS 66503
Patrick L Alexander director, officer: President & CEO 2004 E. 175TH RD, LECOMPTON KS 66050
Mark J Oliphant officer: Market President 800 POYNTZ AVE, MANHATTAN KS 66502
Sarah Hill-nelson director 1311 WEST 8TH STREET, LAWRENCE KS 66044
Bradly L. Chindamo officer: Market President 902 APRIL RAIN RD, LAWRENCE KS 66049
Larry R Heyka officer: Market President 701 POYNTZ AVENUE, MANHATTAN KS 66502
Dean R Thibault officer: Market President 800 POYNTZ AVENUE, MANHATTAN KS 66052
C Duane Ross director 800 POYNTZ AVE, MANHATTAN KS 66502