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Bay National (Bay National) Cyclically Adjusted PB Ratio : (As of May. 15, 2024)


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What is Bay National Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bay National Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bay National'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.

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Bay National Cyclically Adjusted PB Ratio Chart

Bay National Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Cyclically Adjusted PB Ratio
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Bay National Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10
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Competitive Comparison of Bay National's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Bay National'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.


Bay National's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Bay National 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.

Bay National's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2010 is calculated as:

For example, Bay National's adjusted Book Value per Share data for the three months ended in Mar. 2010 was:

Adj_Book=Book Value per Share/CPI of Mar. 2010 (Change)*Current CPI (Mar. 2010)
=-1.672/91.8208*91.8208
=-1.672

Current CPI (Mar. 2010) = 91.8208.

Bay National Quarterly Data

Book Value per Share CPI Adj_Book
200006 8.251 72.737 10.416
200009 7.896 73.286 9.893
200012 7.479 73.413 9.354
200103 7.169 74.341 8.855
200106 6.860 75.100 8.387
200109 6.601 75.227 8.057
200112 6.296 74.552 7.754
200203 6.083 75.438 7.404
200206 5.846 75.902 7.072
200209 5.680 76.366 6.830
200212 5.570 76.324 6.701
200303 5.419 77.716 6.403
200306 5.773 77.505 6.839
200309 5.825 78.138 6.845
200312 5.889 77.758 6.954
200403 5.919 79.066 6.874
200406 5.991 80.037 6.873
200409 6.139 80.121 7.035
200412 6.357 80.290 7.270
200503 6.565 81.555 7.391
200506 6.773 82.062 7.578
200509 7.127 83.876 7.802
200512 7.659 83.032 8.470
200603 7.950 84.298 8.659
200606 8.271 85.606 8.871
200609 8.596 85.606 9.220
200612 8.851 85.142 9.545
200703 9.140 86.640 9.687
200706 9.429 87.906 9.849
200709 9.568 87.964 9.987
200712 9.319 88.616 9.656
200803 8.632 90.090 8.798
200806 8.275 92.320 8.230
200809 7.446 92.307 7.407
200812 6.977 88.697 7.223
200903 6.563 89.744 6.715
200906 5.601 91.003 5.651
200909 5.012 91.120 5.051
200912 -0.460 91.111 -0.464
201003 -1.672 91.821 -1.672

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.


Bay National  (GREY:BAYN) 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.


Bay National Cyclically Adjusted PB Ratio Related Terms

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Bay National (Bay National) Business Description

Traded in Other Exchanges
N/A
Address
2328 West Joppa Road, Lutherville, MD, USA, 21093
Bay National Corp is a bank holding company, which through National Bank, offers a complete range of commercial, private, cash management, retail, and residential mortgage banking services.

Bay National (Bay National) Headlines