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NDBKY (Nedbank Group) Cyclically Adjusted PB Ratio : 1.24 (As of Dec. 16, 2024)


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What is Nedbank Group Cyclically Adjusted PB Ratio?

As of today (2024-12-16), Nedbank Group's current share price is $16.437. Nedbank Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $13.21. Nedbank Group's Cyclically Adjusted PB Ratio for today is 1.24.

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

NDBKY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.3   Max: 2.35
Current: 1.22

During the past 13 years, Nedbank Group's highest Cyclically Adjusted PB Ratio was 2.35. The lowest was 0.44. And the median was 1.30.

NDBKY's Cyclically Adjusted PB Ratio is ranked worse than
64.51% of 1220 companies
in the Banks industry
Industry Median: 1.04 vs NDBKY: 1.22

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.

Nedbank Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was $13.657. 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 $13.21 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nedbank Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nedbank Group'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.

Nedbank Group Cyclically Adjusted PB Ratio Chart

Nedbank Group 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 1.19 0.69 0.85 0.95 0.90

Nedbank Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 0.95 - 0.90 -

Competitive Comparison of Nedbank Group's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Nedbank Group'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.


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

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

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



Nedbank Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.437/13.21
=1.24

* 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.

Nedbank Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Nedbank Group's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=13.657/152.7175*152.7175
=13.657

Current CPI (Dec23) = 152.7175.

Nedbank Group Annual Data

Book Value per Share CPI Adj_Book
201412 12.519 96.794 19.752
201512 10.456 101.808 15.685
201612 11.742 109.002 16.451
201712 13.396 113.907 17.960
201812 12.815 118.921 16.457
201912 13.629 123.717 16.824
202012 13.444 127.467 16.107
202112 14.108 135.029 15.956
202212 13.682 145.156 14.395
202312 13.657 152.718 13.657

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.


Nedbank Group  (OTCPK:NDBKY) 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.


Nedbank Group Cyclically Adjusted PB Ratio Related Terms

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


Nedbank Group Business Description

Address
135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.

Nedbank Group Headlines