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Bank OZK (STU:BO8) Cyclically Adjusted PB Ratio : 1.45 (As of May. 23, 2024)


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What is Bank OZK Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Bank OZK's current share price is €44.36. Bank OZK's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €30.55. Bank OZK's Cyclically Adjusted PB Ratio for today is 1.45.

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

STU:BO8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.36   Max: 8.78
Current: 1.45

During the past years, Bank OZK's highest Cyclically Adjusted PB Ratio was 8.78. The lowest was 0.91. And the median was 2.36.

STU:BO8's Cyclically Adjusted PB Ratio is ranked worse than
77.6% of 1192 companies
in the Banks industry
Industry Median: 0.93 vs STU:BO8: 1.45

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.

Bank OZK's adjusted book value per share data for the three months ended in Mar. 2024 was €39.967. 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 €30.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank OZK Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank OZK'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.

Bank OZK Cyclically Adjusted PB Ratio Chart

Bank OZK 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 1.87 1.62 1.98 1.44 1.57

Bank OZK Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.18 1.34 1.19 1.57 1.37

Competitive Comparison of Bank OZK's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Bank OZK'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.


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

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

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



Bank OZK 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.36/30.55
=1.45

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=39.967/131.7762*131.7762
=39.967

Current CPI (Mar. 2024) = 131.7762.

Bank OZK Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.855 100.560 10.293
201409 8.525 100.428 11.186
201412 9.218 99.070 12.261
201503 12.559 99.621 16.613
201506 12.411 100.684 16.244
201509 13.270 100.392 17.419
201512 14.860 99.792 19.623
201603 14.929 100.470 19.581
201606 15.270 101.688 19.788
201609 20.274 101.861 26.228
201612 21.823 101.863 28.232
201703 22.098 102.862 28.310
201706 22.634 103.349 28.860
201709 21.829 104.136 27.623
201712 22.795 104.011 28.880
201803 22.238 105.290 27.832
201806 24.052 106.317 29.812
201809 24.346 106.507 30.122
201812 25.769 105.998 32.036
201903 26.650 107.251 32.744
201906 27.407 108.070 33.419
201909 28.718 108.329 34.934
201912 28.967 108.420 35.207
202003 28.574 108.902 34.576
202006 28.220 108.767 34.190
202009 27.479 109.815 32.974
202012 27.150 109.897 32.555
202103 28.384 111.754 33.469
202106 28.804 114.631 33.112
202109 30.044 115.734 34.208
202112 31.728 117.630 35.544
202203 32.205 121.301 34.986
202206 33.928 125.017 35.762
202209 36.026 125.227 37.910
202212 35.049 125.222 36.884
202303 35.897 127.348 37.145
202306 36.472 128.729 37.335
202309 37.804 129.860 38.362
202312 38.901 129.419 39.609
202403 39.967 131.776 39.967

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.


Bank OZK  (STU:BO8) 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.


Bank OZK Cyclically Adjusted PB Ratio Related Terms

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


Bank OZK (STU:BO8) Business Description

Industry
Traded in Other Exchanges
Address
18000 Cantrell Road, Little Rock, AR, USA, 72223
Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices primarily in the southeastern United States, as well as Texas, New York, and California. The bank holding company also owns a number of finance subsidiary business trusts formed in connection with the issuance of debt and preferred securities. Bank of the Ozarks provides a wide range of retail and commercial banking services, but principally concentrates its activities on real estate loans, which account for the great majority of the bank's loans and leases. The bank's real estate lending arm, which finances many metropolitan construction and development projects, extends further than many of its community banking competitors.

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