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Eurobank Ergasias Services And Holdings (ATH:EUROB) Cyclically Adjusted Book per Share : €8.73 (As of Dec. 2023)


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What is Eurobank Ergasias Services And Holdings Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Eurobank Ergasias Services And Holdings's adjusted book value per share for the three months ended in Dec. 2023 was €2.158. 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 €8.73 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -59.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Eurobank Ergasias Services And Holdings was -59.00% per year. The lowest was -62.30% per year. And the median was -60.65% per year.

As of today (2024-05-16), Eurobank Ergasias Services And Holdings's current stock price is €2.057. Eurobank Ergasias Services And Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €8.73. Eurobank Ergasias Services And Holdings's Cyclically Adjusted PB Ratio of today is 0.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eurobank Ergasias Services And Holdings was 0.24. The lowest was 0.01. And the median was 0.14.


Eurobank Ergasias Services And Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Eurobank Ergasias Services And Holdings's Cyclically Adjusted Book per Share 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.

Eurobank Ergasias Services And Holdings Cyclically Adjusted Book per Share Chart

Eurobank Ergasias Services And Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 937.76 126.51 -364.29 -56.94 8.73

Eurobank Ergasias Services And Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 -56.94 14.90 12.40 10.36 8.73

Competitive Comparison of Eurobank Ergasias Services And Holdings's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Eurobank Ergasias Services And 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.


Eurobank Ergasias Services And Holdings's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Eurobank Ergasias Services And Holdings's Cyclically Adjusted PB Ratio falls into.



Eurobank Ergasias Services And Holdings Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Eurobank Ergasias Services And Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.158/116.3641*116.3641
=2.158

Current CPI (Dec. 2023) = 116.3641.

Eurobank Ergasias Services And Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 55.604 102.748 62.973
201406 37.730 103.060 42.600
201409 36.301 102.624 41.161
201412 31.863 100.254 36.983
201503 31.125 100.549 36.020
201506 20.865 100.838 24.078
201509 25.503 100.856 29.424
201512 2.523 100.087 2.933
201603 2.520 99.041 2.961
201606 2.563 100.121 2.979
201609 2.573 99.878 2.998
201612 2.657 100.110 3.088
201703 2.668 100.770 3.081
201706 2.733 101.138 3.144
201709 2.719 100.882 3.136
201712 2.837 100.762 3.276
201803 2.311 100.534 2.675
201806 2.318 102.121 2.641
201809 2.316 101.982 2.643
201812 2.308 101.330 2.650
201903 2.324 101.482 2.665
201906 1.727 101.837 1.973
201909 1.774 101.906 2.026
201912 1.799 102.120 2.050
202003 1.780 101.479 2.041
202006 1.468 100.239 1.704
202009 1.442 99.886 1.680
202012 1.420 99.751 1.656
202103 1.435 99.817 1.673
202106 1.470 101.270 1.689
202109 1.475 102.095 1.681
202112 1.494 104.853 1.658
202203 1.527 108.651 1.635
202206 1.677 113.517 1.719
202209 1.706 114.371 1.736
202212 1.789 112.428 1.852
202303 1.860 113.620 1.905
202306 1.987 115.515 2.002
202309 2.035 116.234 2.037
202312 2.158 116.364 2.158

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Eurobank Ergasias Services And Holdings  (ATH:EUROB) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Eurobank Ergasias Services And Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.057/8.73
=0.24

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eurobank Ergasias Services And Holdings was 0.24. The lowest was 0.01. And the median was 0.14.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Eurobank Ergasias Services And Holdings Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Eurobank Ergasias Services And Holdings's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Eurobank Ergasias Services And Holdings (ATH:EUROB) Business Description

Traded in Other Exchanges
Address
8 Othonos Street, Athens, GRC, 105 57
Eurobank Ergasias Services And Holdings SA is a full-service banking group operating in Greece, but with some exposure to the rest of Europe. In addition to its extensive branch network offering retail and corporate banking services in its home country, the group engages in retail and business banking in Bulgaria, Romania, and Serbia, as well as wealth management services in Cyprus, Luxembourg, and London. Loans and advances to customers constitute a majority of the group's earning assets, mostly in retail mortgages, followed by commercial and small business loans. A majority of the bank's net revenue is net interest income, followed by net fees and commissions.

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