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OVCHF (Oversea-Chinese Banking) Cyclically Adjusted PB Ratio : 1.29 (As of Dec. 15, 2024)


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What is Oversea-Chinese Banking Cyclically Adjusted PB Ratio?

As of today (2024-12-15), Oversea-Chinese Banking's current share price is $12.20. Oversea-Chinese Banking's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $9.43. Oversea-Chinese Banking's Cyclically Adjusted PB Ratio for today is 1.29.

The historical rank and industry rank for Oversea-Chinese Banking's Cyclically Adjusted PB Ratio or its related term are showing as below:

OVCHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.23   Max: 1.79
Current: 1.37

During the past years, Oversea-Chinese Banking's highest Cyclically Adjusted PB Ratio was 1.79. The lowest was 0.94. And the median was 1.23.

OVCHF's Cyclically Adjusted PB Ratio is ranked worse than
68.2% of 1220 companies
in the Banks industry
Industry Median: 1.04 vs OVCHF: 1.37

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.

Oversea-Chinese Banking's adjusted book value per share data for the three months ended in Sep. 2024 was $9.882. 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 $9.43 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oversea-Chinese Banking Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Oversea-Chinese Banking'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.

Oversea-Chinese Banking Cyclically Adjusted PB Ratio Chart

Oversea-Chinese Banking 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 1.29 1.13 1.13 1.10 1.11

Oversea-Chinese Banking 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 1.10 1.11 1.13 1.19 1.24

Competitive Comparison of Oversea-Chinese Banking's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Oversea-Chinese Banking'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.


Oversea-Chinese Banking's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Oversea-Chinese Banking's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Oversea-Chinese Banking's Cyclically Adjusted PB Ratio falls into.



Oversea-Chinese Banking 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.

Oversea-Chinese Banking's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.20/9.43
=1.29

* 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.

Oversea-Chinese Banking's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Oversea-Chinese Banking'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)
=9.882/133.0289*133.0289
=9.882

Current CPI (Sep. 2024) = 133.0289.

Oversea-Chinese Banking Quarterly Data

Book Value per Share CPI Adj_Book
201412 5.669 99.070 7.612
201503 5.916 99.621 7.900
201506 6.052 100.684 7.996
201509 5.827 100.392 7.721
201512 5.790 99.792 7.718
201603 6.241 100.470 8.263
201606 6.320 101.688 8.268
201609 6.382 101.861 8.335
201612 5.996 101.863 7.831
201703 6.427 102.862 8.312
201706 6.570 103.349 8.457
201709 6.759 104.136 8.634
201712 6.925 104.011 8.857
201803 7.097 105.290 8.967
201806 6.999 106.317 8.757
201809 7.197 106.507 8.989
201812 7.235 105.998 9.080
201903 7.640 107.251 9.476
201906 7.634 108.070 9.397
201909 7.709 108.329 9.467
201912 7.900 108.420 9.693
202003 7.694 108.902 9.399
202006 7.800 108.767 9.540
202009 7.897 109.815 9.566
202012 8.325 109.897 10.077
202103 8.473 111.754 10.086
202106 8.618 114.631 10.001
202109 8.299 115.734 9.539
202112 8.599 117.630 9.725
202203 8.702 121.301 9.543
202206 8.489 125.017 9.033
202209 8.252 125.227 8.766
202212 8.412 125.222 8.936
202303 8.636 127.348 9.021
202306 8.693 128.729 8.983
202309 8.472 129.860 8.679
202312 9.048 129.419 9.300
202403 9.154 131.776 9.241
202406 9.369 132.554 9.403
202409 9.882 133.029 9.882

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.


Oversea-Chinese Banking  (OTCPK:OVCHF) 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.


Oversea-Chinese Banking Cyclically Adjusted PB Ratio Related Terms

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Oversea-Chinese Banking Business Description

Traded in Other Exchanges
Address
63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, SGP, 049514
Oversea-Chinese Banking Corp. is the longest-established Singapore bank, founded by the merger of three local banks in 1932. OCBC's operations include consumer banking; wealth management and private banking (through its Bank of Singapore subsidiary); small to midsize enterprise and business banking; corporate and institutional banking; and insurance through majority-owned Great Eastern.