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Banco Macro (STU:B4W) Cyclically Adjusted PB Ratio : 8.15 (As of Jun. 01, 2025)


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What is Banco Macro Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Banco Macro's current share price is €74.00. Banco Macro's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €9.08. Banco Macro's Cyclically Adjusted PB Ratio for today is 8.15.

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

STU:B4W' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.11   Med: 6.83   Max: 13.22
Current: 9.5

During the past years, Banco Macro's highest Cyclically Adjusted PB Ratio was 13.22. The lowest was 2.11. And the median was 6.83.

STU:B4W's Cyclically Adjusted PB Ratio is ranked worse than
98.99% of 1282 companies
in the Banks industry
Industry Median: 1.01 vs STU:B4W: 9.50

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.

Banco Macro's adjusted book value per share data for the three months ended in Dec. 2024 was €59.877. 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 €9.08 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Macro Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Banco Macro'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.

Banco Macro Cyclically Adjusted PB Ratio Chart

Banco Macro Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.45 2.62 2.55 5.45 10.74

Banco Macro Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.45 8.84 10.05 8.71 10.74

Competitive Comparison of Banco Macro's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Banco Macro'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.


Banco Macro's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Banco Macro 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.

Banco Macro's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=74.00/9.08
=8.15

* 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.

Banco Macro's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Banco Macro's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=59.877/133.1571*133.1571
=59.877

Current CPI (Dec. 2024) = 133.1571.

Banco Macro Quarterly Data

Book Value per Share CPI Adj_Book
201503 22.301 99.621 29.808
201506 21.202 100.684 28.040
201509 22.258 100.392 29.523
201512 19.016 99.792 25.374
201603 18.329 100.470 24.292
201606 20.187 101.688 26.434
201609 20.587 101.861 26.912
201612 47.362 101.863 61.913
201703 24.445 102.862 31.645
201706 29.029 103.349 37.402
201709 28.360 104.136 36.264
201712 46.677 104.011 59.757
201803 29.765 105.290 37.643
201806 25.412 106.317 31.827
201809 17.523 106.507 21.908
201812 33.688 105.998 42.320
201903 21.724 107.251 26.971
201906 19.269 108.070 23.742
201909 19.164 108.329 23.556
201912 33.600 108.420 41.266
202003 26.831 108.902 32.807
202006 23.895 108.767 29.253
202009 23.669 109.815 28.700
202012 35.708 109.897 43.266
202103 24.505 111.754 29.198
202106 24.712 114.631 28.706
202109 27.789 115.734 31.972
202112 63.210 117.630 71.554
202203 36.899 121.301 40.506
202206 41.228 125.017 43.913
202209 47.725 125.227 50.747
202212 138.788 125.222 147.583
202303 46.231 127.348 48.340
202306 44.152 128.729 45.671
202309 42.192 129.860 43.263
202312 176.331 129.419 181.424
202403 57.384 131.776 57.985
202406 52.728 132.554 52.968
202409 54.956 133.029 55.009
202412 59.877 133.157 59.877

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.


Banco Macro  (STU:B4W) 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.


Banco Macro Cyclically Adjusted PB Ratio Related Terms

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


Banco Macro Business Description

Industry
Traded in Other Exchanges
Address
Avenida Eduardo Madero 1182, City of Buenos Aires, ARG, 1172
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.

Banco Macro Headlines

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