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M&T Bank (MEX:MTB) Cyclically Adjusted PB Ratio : 1.23 (As of Jun. 02, 2025)


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What is M&T Bank Cyclically Adjusted PB Ratio?

As of today (2025-06-02), M&T Bank's current share price is MXN3459.94. M&T Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN2,806.35. M&T Bank's Cyclically Adjusted PB Ratio for today is 1.23.

The historical rank and industry rank for M&T Bank's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:MTB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.56   Max: 2.43
Current: 1.31

During the past years, M&T Bank's highest Cyclically Adjusted PB Ratio was 2.43. The lowest was 0.86. And the median was 1.56.

MEX:MTB's Cyclically Adjusted PB Ratio is ranked worse than
68.07% of 1284 companies
in the Banks industry
Industry Median: 1.01 vs MEX:MTB: 1.31

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.

M&T Bank's adjusted book value per share data for the three months ended in Mar. 2025 was MXN3,347.607. 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 MXN2,806.35 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


M&T Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for M&T Bank'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.

M&T Bank Cyclically Adjusted PB Ratio Chart

M&T Bank 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 1.31 1.42 1.22 1.07 1.38

M&T Bank Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.11 1.14 1.32 1.38 1.28

Competitive Comparison of M&T Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, M&T Bank'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.


M&T Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, M&T Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where M&T Bank's Cyclically Adjusted PB Ratio falls into.


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M&T Bank 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.

M&T Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3459.94/2806.35
=1.23

* 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.

M&T Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, M&T Bank's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3347.607/134.9266*134.9266
=3,347.607

Current CPI (Mar. 2025) = 134.9266.

M&T Bank Quarterly Data

Book Value per Share CPI Adj_Book
201506 1,348.551 100.684 1,807.195
201509 1,482.236 100.392 1,992.131
201512 1,610.163 99.792 2,177.058
201603 1,636.073 100.470 2,197.162
201606 1,785.116 101.688 2,368.612
201609 1,885.406 101.861 2,497.437
201612 2,013.784 101.863 2,667.444
201703 1,834.699 102.862 2,406.615
201706 1,784.007 103.349 2,329.096
201709 1,810.019 104.136 2,345.209
201712 1,965.379 104.011 2,549.554
201803 1,791.797 105.290 2,296.156
201806 1,954.417 106.317 2,480.350
201809 1,878.326 106.507 2,379.532
201812 2,017.041 105.998 2,567.527
201903 2,038.088 107.251 2,564.019
201906 2,070.123 108.070 2,584.584
201909 2,168.537 108.329 2,700.960
201912 2,089.663 108.420 2,600.543
202003 2,662.759 108.902 3,299.101
202006 2,644.251 108.767 3,280.212
202009 2,557.382 109.815 3,142.186
202012 2,315.648 109.897 2,843.054
202103 2,414.681 111.754 2,915.363
202106 2,393.328 114.631 2,817.061
202109 2,521.239 115.734 2,939.338
202112 2,574.975 117.630 2,953.618
202203 2,487.490 121.301 2,766.907
202206 2,719.144 125.017 2,934.684
202209 2,704.402 125.227 2,913.886
202212 2,684.191 125.222 2,892.218
202303 2,539.309 127.348 2,690.430
202306 2,458.552 128.729 2,576.924
202309 2,538.361 129.860 2,637.408
202312 2,548.753 129.419 2,657.210
202403 2,504.475 131.776 2,564.350
202406 2,813.522 132.554 2,863.886
202409 3,138.436 133.029 3,183.207
202412 3,355.909 133.157 3,400.505
202503 3,347.607 134.927 3,347.607

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.


M&T Bank  (MEX:MTB) 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.


M&T Bank Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of M&T Bank's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


M&T Bank Business Description

Industry
Address
One M&T Plaza, Buffalo, NY, USA, 14203
M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, Massachusetts, New Hampshire, Vermont, Maine, Connecticut, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.