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SVNLF (Svenska Handelsbanken AB) Cyclically Adjusted PB Ratio : 1.33 (As of May. 31, 2025)


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What is Svenska Handelsbanken AB Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Svenska Handelsbanken AB's current share price is $13.41. Svenska Handelsbanken AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $10.06. Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio for today is 1.33.

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

SVNLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.2   Max: 1.6
Current: 1.31

During the past years, Svenska Handelsbanken AB's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.97. And the median was 1.20.

SVNLF's Cyclically Adjusted PB Ratio is ranked worse than
68.17% of 1282 companies
in the Banks industry
Industry Median: 1.01 vs SVNLF: 1.31

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.

Svenska Handelsbanken AB's adjusted book value per share data for the three months ended in Mar. 2025 was $9.167. 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 $10.06 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Svenska Handelsbanken AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB Cyclically Adjusted PB Ratio Chart

Svenska Handelsbanken AB 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 1.13 1.29 1.19 1.16 1.17

Svenska Handelsbanken AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.13 1.05 1.08 1.17 1.16

Competitive Comparison of Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Svenska Handelsbanken AB'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.


Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio falls into.


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Svenska Handelsbanken AB 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.

Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.41/10.06
=1.33

* 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.

Svenska Handelsbanken AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Svenska Handelsbanken AB's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=9.167/132.8245*132.8245
=9.167

Current CPI (Mar. 2025) = 132.8245.

Svenska Handelsbanken AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.865 99.995 10.447
201509 7.987 100.228 10.585
201512 7.918 100.276 10.488
201603 7.720 100.751 10.178
201606 8.060 101.019 10.598
201609 8.098 101.138 10.635
201612 7.619 102.022 9.919
201703 7.601 102.022 9.896
201706 7.995 102.752 10.335
201709 8.923 103.279 11.476
201712 8.678 103.793 11.105
201803 8.214 103.962 10.494
201806 8.081 104.875 10.235
201809 8.124 105.679 10.211
201812 8.102 105.912 10.161
201903 7.736 105.886 9.704
201906 8.073 106.742 10.046
201909 8.106 107.214 10.042
201912 8.558 107.766 10.548
202003 8.283 106.563 10.324
202006 8.853 107.498 10.939
202009 9.552 107.635 11.787
202012 10.355 108.296 12.700
202103 10.330 108.360 12.662
202106 10.743 108.928 13.100
202109 10.650 110.338 12.820
202112 10.096 112.486 11.921
202203 9.432 114.825 10.911
202206 9.344 118.384 10.484
202209 8.887 122.296 9.652
202212 9.442 126.365 9.925
202303 8.912 127.042 9.318
202306 9.205 129.407 9.448
202309 9.283 130.224 9.468
202312 10.097 131.912 10.167
202403 9.195 132.205 9.238
202406 9.393 132.716 9.401
202409 9.927 132.304 9.966
202412 9.656 132.987 9.644
202503 9.167 132.825 9.167

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.


Svenska Handelsbanken AB  (OTCPK:SVNLF) 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.


Svenska Handelsbanken AB Cyclically Adjusted PB Ratio Related Terms

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


Svenska Handelsbanken AB Business Description

Address
Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.