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WTBA (West Bancorp) Cyclically Adjusted PB Ratio : 1.34 (As of May. 31, 2025)


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What is West Bancorp Cyclically Adjusted PB Ratio?

As of today (2025-05-31), West Bancorp's current share price is $19.38. West Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $14.51. West Bancorp's Cyclically Adjusted PB Ratio for today is 1.34.

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

WTBA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 2.33   Max: 3.17
Current: 1.34

During the past years, West Bancorp's highest Cyclically Adjusted PB Ratio was 3.17. The lowest was 1.13. And the median was 2.33.

WTBA's Cyclically Adjusted PB Ratio is ranked worse than
69.19% of 1282 companies
in the Banks industry
Industry Median: 1.01 vs WTBA: 1.34

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.

West Bancorp's adjusted book value per share data for the three months ended in Mar. 2025 was $14.056. 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 $14.51 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


West Bancorp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for West Bancorp'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.

West Bancorp Cyclically Adjusted PB Ratio Chart

West Bancorp 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 1.86 2.63 1.98 1.55 1.52

West Bancorp 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 1.28 1.27 1.34 1.52 1.37

Competitive Comparison of West Bancorp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, West Bancorp'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.


West Bancorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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West Bancorp 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.

West Bancorp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.38/14.51
=1.34

* 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.

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

For example, West Bancorp'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)
=14.056/134.9266*134.9266
=14.056

Current CPI (Mar. 2025) = 134.9266.

West Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.054 100.684 12.133
201509 9.289 100.392 12.484
201512 9.486 99.792 12.826
201603 9.743 100.470 13.084
201606 9.978 101.688 13.239
201609 10.216 101.861 13.532
201612 10.248 101.863 13.574
201703 10.488 102.862 13.757
201706 10.788 103.349 14.084
201709 10.982 104.136 14.229
201712 10.983 104.011 14.248
201803 10.955 105.290 14.039
201806 11.191 106.317 14.202
201809 11.330 106.507 14.353
201812 11.723 105.998 14.922
201903 11.998 107.251 15.094
201906 12.328 108.070 15.392
201909 12.463 108.329 15.523
201912 12.932 108.420 16.094
202003 12.202 108.902 15.118
202006 12.672 108.767 15.720
202009 13.074 109.815 16.064
202012 13.583 109.897 16.677
202103 14.180 111.754 17.120
202106 14.891 114.631 17.527
202109 15.245 115.734 17.773
202112 15.725 117.630 18.037
202203 14.219 121.301 15.816
202206 12.992 125.017 14.022
202209 11.945 125.227 12.870
202212 12.687 125.222 13.670
202303 12.984 127.348 13.757
202306 12.982 128.729 13.607
202309 12.193 129.860 12.669
202312 13.455 129.419 14.028
202403 13.308 131.776 13.626
202406 13.300 132.554 13.538
202409 13.982 133.029 14.181
202412 13.537 133.157 13.717
202503 14.056 134.927 14.056

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.


West Bancorp  (NAS:WTBA) 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.


West Bancorp Cyclically Adjusted PB Ratio Related Terms

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


West Bancorp Business Description

Industry
Traded in Other Exchanges
N/A
Address
3330 Westown Parkway, West Des Moines, IA, USA, 50266
West Bancorp Inc is a United States-based company that offers a full range of deposit services, including checking, savings and money market accounts and time certificates of deposit. West Bank also offers online banking, mobile banking, and treasury management services, which help to meet the banking needs of its customers. Treasury management services offered to business customers include cash management, client-generated automated clearing house transactions, remote deposit, and fraud protection services. Also offered are merchant credit card processing and corporate credit cards. The bank operates only in the United States of America region.
Executives
David D Nelson director, officer: CEO & PRESIDENT 1601 22ND STREET, WEST DES MOINES IA 50266
Douglas R Gulling director, officer: EVP & CFO 9620 HAMMONTREE DRIVE, DES MOINES IA 50322
Bradley P Peters officer: Executive Vice President 4808 SYCAMORE COURT, EAGAN MN 55123
Sean Patrick Mcmurray director 13230 ASHLEAF DR, CLIVE IA 50325
George D Milligan director 118 2ND AVE SE, CEDAR RAPIDS IA 52401
Rosemary Parson director 3608 129TH STREET, URBANDALE IA 50322
Patrick J Donovan director 445 MINNESOTA ST STE 2000, ST PAUL MN 55101
Lisa J Elming director 6826 NW 88TH CT, JOHNSTON IA 50131
David R Milligan director, officer: CEO & PRESIDENT 10165 LINCOLN AVENUE, DES MOINES IA 50325
Steven T Schuler director 12917 WILDEN CIRCLE, URBANDALE IA 50323
Michael J Gerdin director 901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Therese M Vaughan director VALIDUS HOLDINGS, THE CHARTIS BUILDING / 29 RICHMOND ROAD, PEMBROKE D0 HM 08
Jane M Funk officer: SVP / Controller C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVENUE, FORT DODGE IA 50501
Marie I Roberts officer: SVP, CONTROLLER AND CAC 13050 WALNUT RIDGE CIRCLE, CLIVE IA 50325
Harlee Olafson officer: CHIEF RISK OFFICER 1601 22ND STREET, WEST DES MOINES IA 50266