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OTPBF (OTP Bank) Cyclically Adjusted PB Ratio : 1.64 (As of Sep. 21, 2024)


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What is OTP Bank Cyclically Adjusted PB Ratio?

As of today (2024-09-21), OTP Bank's current share price is $50.00. OTP Bank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $30.45. OTP Bank's Cyclically Adjusted PB Ratio for today is 1.64.

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

OTPBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.61   Max: 2.74
Current: 1.65

During the past years, OTP Bank's highest Cyclically Adjusted PB Ratio was 2.74. The lowest was 0.89. And the median was 1.61.

OTPBF's Cyclically Adjusted PB Ratio is ranked worse than
81.28% of 1234 companies
in the Banks industry
Industry Median: 0.98 vs OTPBF: 1.65

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.

OTP Bank's adjusted book value per share data for the three months ended in Jun. 2024 was $48.741. 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 $30.45 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OTP Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for OTP 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.

OTP Bank Cyclically Adjusted PB Ratio Chart

OTP Bank 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 2.70 2.10 2.30 1.06 1.50

OTP Bank Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 1.19 1.27 1.50 1.53 1.62

Competitive Comparison of OTP Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, OTP 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.


OTP Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



OTP 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.

OTP Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.00/30.45
=1.64

* 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.

OTP Bank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, OTP Bank's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=48.741/164.8409*164.8409
=48.741

Current CPI (Jun. 2024) = 164.8409.

OTP Bank Quarterly Data

Book Value per Share CPI Adj_Book
201409 13.470 100.074 22.188
201412 12.860 98.816 21.453
201503 12.262 99.704 20.273
201506 12.907 100.962 21.073
201509 12.573 99.704 20.787
201512 12.555 99.704 20.757
201603 12.636 99.482 20.938
201606 13.340 100.814 21.812
201609 14.077 100.370 23.119
201612 14.569 101.406 23.683
201703 14.730 102.147 23.771
201706 15.299 102.724 24.550
201709 16.121 102.902 25.825
201712 16.657 103.627 26.497
201803 16.294 104.219 25.772
201806 17.448 105.922 27.154
201809 18.091 106.588 27.978
201812 18.511 106.440 28.668
201903 19.082 108.068 29.107
201906 20.205 109.475 30.424
201909 22.306 109.623 33.542
201912 24.818 110.659 36.970
202003 23.575 112.287 34.609
202006 25.761 112.583 37.718
202009 25.436 113.398 36.975
202012 26.092 113.694 37.830
202103 27.074 116.358 38.355
202106 27.413 118.579 38.108
202109 27.439 119.541 37.837
202112 31.095 122.058 41.994
202203 30.798 126.351 40.180
202206 33.434 132.420 41.620
202209 36.415 143.597 41.802
202212 35.050 152.036 38.002
202303 35.740 158.105 37.263
202306 38.163 158.993 39.567
202309 42.498 161.140 43.474
202312 43.411 160.400 44.613
202403 47.211 163.879 47.488
202406 48.741 164.841 48.741

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.


OTP Bank  (OTCPK:OTPBF) 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.


OTP Bank Cyclically Adjusted PB Ratio Related Terms

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


OTP Bank Business Description

Industry
Traded in Other Exchanges
Address
16, Nador Street, Budapest, HUN, 1051
OTP Bank PLC provides universal financial services through several subsidiaries. It performs banking operations via its bank in Hungary. The Group's operating segments are as follows: OTP Core Hungary, Russia, Ukraine, Bulgaria, Romania, Serbia, Croatia, Montenegro, Albania, Moldova, Slovenia, Merkantil Group, Asset Management subsidiaries, other subsidiaries, Corporate Centre. The Bank provides comprehensive banking & other financial services to both retail & corporate customers: its activities include deposit collection from customers, raising money from the money & capital markets; It also offers mortgage loans, consumer credits, working capital & investment loans to companies, and municipalities. A majority of the bank's net revenue is net interest income.

OTP Bank Headlines

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