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Piraeus Financial Holdings (STU:BKP6) Cyclically Adjusted PB Ratio : 0.00 (As of Sep. 21, 2024)


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What is Piraeus Financial Holdings Cyclically Adjusted PB Ratio?

As of today (2024-09-21), Piraeus Financial Holdings's current share price is €3.654. Piraeus Financial Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €5,427.80. Piraeus Financial Holdings's Cyclically Adjusted PB Ratio for today is 0.00.

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

STU:BKP6's Cyclically Adjusted PB Ratio is not ranked *
in the Banks industry.
Industry Median: 0.98
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Piraeus Financial Holdings's adjusted book value per share data for the three months ended in Jun. 2024 was €6.216. 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 €5,427.80 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Piraeus Financial Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Piraeus Financial Holdings'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.

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Piraeus Financial Holdings Cyclically Adjusted PB Ratio Chart

Piraeus Financial Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Piraeus Financial Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Piraeus Financial Holdings's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Piraeus Financial Holdings'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.


Piraeus Financial Holdings's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Piraeus Financial Holdings's Cyclically Adjusted PB Ratio falls into.



Piraeus Financial Holdings 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.

Piraeus Financial Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.654/5427.8
=0.00

* 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.

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

For example, Piraeus Financial Holdings'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)
=6.216/118.1286*118.1286
=6.216

Current CPI (Jun. 2024) = 118.1286.

Piraeus Financial Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201409 41,366.200 102.624 47,615.687
201412 38,992.813 100.254 45,944.826
201503 38,428.988 100.549 45,147.585
201506 32,540.433 100.838 38,120.263
201509 35,753.003 100.856 41,875.938
201512 374.451 100.087 441.951
201603 371.620 99.041 443.242
201606 370.148 100.121 436.724
201609 370.345 99.878 438.017
201612 365.330 100.110 431.087
201703 365.472 100.770 428.429
201706 363.761 101.138 424.871
201709 362.758 100.882 424.776
201712 356.033 100.762 417.395
201803 291.761 100.534 342.822
201806 273.351 102.121 316.200
201809 275.090 101.982 318.646
201812 279.481 101.330 325.814
201903 281.655 101.482 327.855
201906 284.913 101.837 330.493
201909 288.808 101.906 334.785
201912 289.518 102.120 334.903
202003 279.396 101.479 325.238
202006 284.724 100.239 335.539
202009 285.041 99.886 337.100
202012 268.289 99.751 317.717
202103 130.866 99.817 154.873
202106 5.144 101.270 6.000
202109 4.581 102.095 5.300
202112 4.634 104.853 5.221
202203 4.935 108.651 5.365
202206 4.959 113.517 5.160
202209 5.064 114.371 5.230
202212 5.242 112.428 5.508
202303 5.390 113.620 5.604
202306 5.483 115.515 5.607
202309 5.710 116.234 5.803
202312 5.855 116.364 5.944
202403 6.048 117.285 6.092
202406 6.216 118.129 6.216

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.


Piraeus Financial Holdings  (STU:BKP6) 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.


Piraeus Financial Holdings Cyclically Adjusted PB Ratio Related Terms

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


Piraeus Financial Holdings Business Description

Traded in Other Exchanges
Address
4 Amerikis Street, Athens, GRC, 105 64
Piraeus Financial Holdings SA is a universal banking group primarily operating in Greece, but with a presence in southeastern Europe and the eastern Mediterranean. Its banking unit specializes in small to midsize enterprise banking, agricultural banking, consumer and mortgage credit, green banking, investment banking, as well as leasing and factoring. The bank has an extensive distribution network, both traditional and alternative, most notably its e-banking platform Winbank. A majority of the bank's net revenue is net interest income, overwhelmingly derived from loans and advances to customers.

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