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Swedbank AB (OSTO:SWED A) Cyclically Adjusted PB Ratio : 1.41 (As of Dec. 15, 2024)


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What is Swedbank AB Cyclically Adjusted PB Ratio?

As of today (2024-12-15), Swedbank AB's current share price is kr219.10. Swedbank AB's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was kr155.73. Swedbank AB's Cyclically Adjusted PB Ratio for today is 1.41.

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

OSTO:SWED A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.34   Max: 2.01
Current: 1.41

During the past years, Swedbank AB's highest Cyclically Adjusted PB Ratio was 2.01. The lowest was 0.91. And the median was 1.34.

OSTO:SWED A's Cyclically Adjusted PB Ratio is ranked worse than
70.08% of 1220 companies
in the Banks industry
Industry Median: 1.04 vs OSTO:SWED A: 1.41

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.

Swedbank AB's adjusted book value per share data for the three months ended in Sep. 2024 was kr185.569. 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 kr155.73 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swedbank AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Swedbank AB'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.

Swedbank AB Cyclically Adjusted PB Ratio Chart

Swedbank AB 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 1.23 1.24 1.47 1.26 1.34

Swedbank AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.36 1.34 1.39 1.41 1.38

Competitive Comparison of Swedbank AB's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Swedbank AB'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.


Swedbank AB's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Swedbank AB 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.

Swedbank AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=219.10/155.73
=1.41

* 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.

Swedbank AB's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Swedbank AB's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=185.569/132.3043*132.3043
=185.569

Current CPI (Sep. 2024) = 132.3043.

Swedbank AB Quarterly Data

Book Value per Share CPI Adj_Book
201412 106.346 100.225 140.385
201503 96.746 99.950 128.063
201506 103.084 99.995 136.392
201509 107.538 100.228 141.954
201512 111.419 100.276 147.007
201603 113.346 100.751 148.843
201606 107.399 101.019 140.660
201609 111.637 101.138 146.039
201612 116.603 102.022 151.214
201703 107.287 102.022 139.133
201706 111.335 102.752 143.355
201709 115.715 103.279 148.235
201712 117.841 103.793 150.212
201803 109.741 103.962 139.659
201806 114.688 104.875 144.685
201809 119.714 105.679 149.876
201812 123.041 105.912 153.702
201903 113.179 105.886 141.417
201906 115.714 106.742 143.426
201909 119.597 107.214 147.585
201912 123.945 107.766 152.167
202003 126.399 106.563 156.932
202006 128.924 107.498 158.675
202009 134.433 107.635 165.244
202012 138.544 108.296 169.258
202103 137.114 108.360 167.413
202106 142.111 108.928 172.609
202109 146.788 110.338 176.011
202112 144.164 112.486 169.564
202203 137.656 114.825 158.610
202206 143.849 118.384 160.764
202209 150.669 122.296 162.999
202212 156.760 126.365 164.128
202303 154.135 127.042 160.520
202306 164.142 129.407 167.818
202309 171.534 130.224 174.275
202312 176.707 131.912 177.233
202403 170.730 132.205 170.858
202406 177.382 132.716 176.832
202409 185.569 132.304 185.569

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.


Swedbank AB  (OSTO:SWED A) 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.


Swedbank AB Cyclically Adjusted PB Ratio Related Terms

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


Swedbank AB Business Description

Industry
Traded in Other Exchanges
Address
Landsvagen 40, Sundbyberg, Stockholm, SWE, 172 63
Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.

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