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Bank of Montreal (LTS:0UKH) Cyclically Adjusted PB Ratio : 1.55 (As of May. 25, 2025)


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What is Bank of Montreal Cyclically Adjusted PB Ratio?

As of today (2025-05-25), Bank of Montreal's current share price is C$138.50. Bank of Montreal's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was C$89.43. Bank of Montreal's Cyclically Adjusted PB Ratio for today is 1.55.

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

LTS:0UKH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.12   Med: 1.87   Max: 2.33
Current: 1.61

During the past years, Bank of Montreal's highest Cyclically Adjusted PB Ratio was 2.33. The lowest was 1.12. And the median was 1.87.

LTS:0UKH's Cyclically Adjusted PB Ratio is ranked worse than
78.78% of 1282 companies
in the Banks industry
Industry Median: 1.01 vs LTS:0UKH: 1.61

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 of Montreal's adjusted book value per share data for the three months ended in Jan. 2025 was C$117.746. 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 C$89.43 for the trailing ten years ended in Jan. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Montreal Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank of Montreal'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 of Montreal Cyclically Adjusted PB Ratio Chart

Bank of Montreal Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 2.06 1.68 1.28 1.45

Bank of Montreal Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 1.54 1.45 1.35 1.45 1.62

Competitive Comparison of Bank of Montreal's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Bank of Montreal'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 of Montreal's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Bank of Montreal 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 of Montreal's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=138.50/89.43
=1.55

* 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 of Montreal's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 is calculated as:

For example, Bank of Montreal's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book=Book Value per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=117.746/127.4427*127.4427
=117.746

Current CPI (Jan. 2025) = 127.4427.

Bank of Montreal Quarterly Data

Book Value per Share CPI Adj_Book
201504 51.650 99.710 66.015
201507 55.362 100.579 70.148
201510 56.307 100.500 71.402
201601 59.635 100.184 75.861
201604 55.530 101.370 69.813
201607 58.055 101.844 72.648
201610 59.564 102.002 74.420
201701 59.510 102.318 74.123
201704 62.220 103.029 76.964
201707 59.650 103.029 73.785
201710 61.922 103.424 76.303
201801 59.777 104.056 73.212
201804 61.667 105.320 74.620
201807 63.316 106.110 76.045
201810 64.729 105.952 77.858
201901 67.370 105.557 81.338
201904 69.987 107.453 83.007
201907 70.880 108.243 83.452
201910 72.565 107.927 85.686
202001 74.240 108.085 87.536
202004 77.990 107.216 92.703
202007 77.624 108.401 91.259
202010 80.359 108.638 94.268
202101 80.709 109.192 94.199
202104 79.672 110.851 91.597
202107 82.945 112.431 94.020
202110 83.120 113.695 93.171
202201 86.598 114.801 96.134
202204 96.449 118.357 103.853
202207 94.822 120.964 99.901
202210 101.001 121.517 105.926
202301 100.913 121.596 105.765
202304 102.052 123.571 105.249
202307 98.892 124.914 100.894
202310 100.977 125.310 102.696
202401 101.949 125.072 103.881
202404 104.544 126.890 105.000
202407 110.330 128.075 109.785
202410 112.675 127.838 112.327
202501 117.746 127.443 117.746

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 of Montreal  (LTS:0UKH) 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 of Montreal Cyclically Adjusted PB Ratio Related Terms

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


Bank of Montreal Business Description

Industry
Address
129 rue Saint Jacques, Montreal, QC, CAN, H2Y 1L6
Bank of Montreal is a diversified financial-services provider based in North America with over CAD 1.4 trillion in assets. BMO operates four business segments: Canadian personal and commercial banking, US personal and commercial banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the US.

Bank of Montreal Headlines

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