GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Equity Group Holdings Ltd (NAI:EQTY) » Definitions » Cyclically Adjusted PB Ratio

Equity Group Holdings (NAI:EQTY) Cyclically Adjusted PB Ratio : 1.25 (As of Jun. 19, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Equity Group Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Equity Group Holdings's current share price is KES43.65. Equity Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was KES35.03. Equity Group Holdings's Cyclically Adjusted PB Ratio for today is 1.25.

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

NAI:EQTY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.59   Max: 2.31
Current: 1.25

During the past years, Equity Group Holdings's highest Cyclically Adjusted PB Ratio was 2.31. The lowest was 1.03. And the median was 1.59.

NAI:EQTY's Cyclically Adjusted PB Ratio is ranked worse than
71.96% of 1202 companies
in the Banks industry
Industry Median: 0.9 vs NAI:EQTY: 1.25

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.

Equity Group Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was KES55.880. 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 KES35.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equity Group Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Equity Group Holdings'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.

Equity Group Holdings Cyclically Adjusted PB Ratio Chart

Equity Group Holdings 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 - 1.75 2.04 1.52 1.01

Equity Group Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.48 1.21 1.09 1.01 1.35

Competitive Comparison of Equity Group Holdings's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Equity Group Holdings'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.


Equity Group Holdings's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Equity Group Holdings's Cyclically Adjusted PB Ratio falls into.



Equity Group Holdings 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.

Equity Group Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.65/35.03
=1.25

* 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.

Equity Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Equity Group Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=55.88/131.7762*131.7762
=55.880

Current CPI (Mar. 2024) = 131.7762.

Equity Group Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.398 100.560 18.868
201409 15.420 100.428 20.233
201412 17.224 99.070 22.910
201503 16.452 99.621 21.762
201506 17.553 100.684 22.974
201509 18.852 100.392 24.746
201512 18.945 99.792 25.017
201603 18.143 100.470 23.796
201606 19.803 101.688 25.662
201609 21.436 101.861 27.731
201612 21.537 101.863 27.862
201703 20.861 102.862 26.725
201706 22.570 103.349 28.778
201709 23.690 104.136 29.978
201712 24.483 104.011 31.019
201803 21.557 105.290 26.980
201806 22.655 106.317 28.080
201809 23.802 106.507 29.449
201812 24.929 105.998 30.992
201903 25.045 107.251 30.772
201906 26.968 108.070 32.884
201909 28.535 108.329 34.711
201912 29.340 108.420 35.660
202003 30.555 108.902 36.973
202006 32.395 108.767 39.248
202009 34.628 109.815 41.553
202012 35.026 109.897 41.999
202103 35.477 111.754 41.833
202106 39.276 114.631 45.150
202109 41.429 115.734 47.171
202112 44.829 117.630 50.220
202203 44.309 121.301 48.135
202206 38.083 125.017 40.142
202209 39.089 125.227 41.133
202212 46.691 125.222 49.135
202303 48.696 127.348 50.389
202306 38.083 128.729 38.985
202309 48.738 129.860 49.457
202312 55.064 129.419 56.067
202403 55.880 131.776 55.880

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.


Equity Group Holdings  (NAI:EQTY) 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.


Equity Group Holdings Cyclically Adjusted PB Ratio Related Terms

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


Equity Group Holdings (NAI:EQTY) Business Description

Traded in Other Exchanges
N/A
Address
Hospital Road, Upper Hill, 9th Floor, P.O.Box 75104, Equity Centre, Nairobi, KEN, 00200
Equity Group Holdings Ltd offers banking and financial services in Kenya. The company offers retail banking, microfinance, and related services. It operates in six geographical markets, Kenya, Uganda, South Sudan, Rwanda, Tanzania, and the Democratic Republic of Congo. The consumer business line focuses on salaried customers or customers receiving other regular remittances, such as the pension. The revenue is derived from Kenya. The firm offers Equity loans, Farm inputs, Mortgage loans, Asset finance loans, Trade finance, Development loan, and Business Loan.

Equity Group Holdings (NAI:EQTY) Headlines

From GuruFocus

Top 5 4th Quarter Trades of Kovitz Investment Group Partners, LLC

By GuruFocus Research GuruFocus Editor 01-19-2023