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Lombard Bank Malta (MAL:LOM) Cyclically Adjusted PB Ratio : 0.63 (As of Jun. 20, 2024)


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What is Lombard Bank Malta Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Lombard Bank Malta's current share price is €0.79. Lombard Bank Malta's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was €1.25. Lombard Bank Malta's Cyclically Adjusted PB Ratio for today is 0.63.

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

MAL:LOM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.97   Max: 1.38
Current: 0.63

During the past 13 years, Lombard Bank Malta's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.55. And the median was 0.97.

MAL:LOM's Cyclically Adjusted PB Ratio is ranked better than
72.13% of 1202 companies
in the Banks industry
Industry Median: 0.9 vs MAL:LOM: 0.63

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.

Lombard Bank Malta's adjusted book value per share data of for the fiscal year that ended in Dec22 was €1.371. 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 €1.25 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lombard Bank Malta Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lombard Bank Malta'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.

Lombard Bank Malta Cyclically Adjusted PB Ratio Chart

Lombard Bank Malta Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 1.02 1.01 0.76 0.77

Lombard Bank Malta Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 0.76 - 0.77 -

Competitive Comparison of Lombard Bank Malta's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Lombard Bank Malta'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.


Lombard Bank Malta's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Lombard Bank Malta 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.

Lombard Bank Malta's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.79/1.25
=0.63

* 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.

Lombard Bank Malta's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Lombard Bank Malta's adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book=Book Value per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=1.371/125.2218*125.2218
=1.371

Current CPI (Dec22) = 125.2218.

Lombard Bank Malta Annual Data

Book Value per Share CPI Adj_Book
201312 0.805 98.326 1.025
201412 0.841 99.070 1.063
201512 0.908 99.792 1.139
201612 0.944 101.863 1.160
201712 0.968 104.011 1.165
201812 1.090 105.998 1.288
201912 1.199 108.420 1.385
202012 1.268 109.897 1.445
202112 1.382 117.630 1.471
202212 1.371 125.222 1.371

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.


Lombard Bank Malta  (MAL:LOM) 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.


Lombard Bank Malta Cyclically Adjusted PB Ratio Related Terms

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


Lombard Bank Malta (MAL:LOM) Business Description

Traded in Other Exchanges
N/A
Address
67, Republic Street, Valletta, MLT, VLT 1117
Lombard Bank Malta PLC is engaged in providing banking services and acts as an authorized currency dealer and a financial intermediary. It also provides postal service activities and carries out stockbroking activities. Banking services comprise the group's banking services and other activities carried out as a licensed credit institution, an authorized currency dealer, and a financial intermediary. Postal Services comprise the group's postal services activities, being the sole licensed Universal Service Provider of postal services in Malta.

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