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Cullen/Frost Bankers (Cullen/Frost Bankers) Cyclically Adjusted Book per Share : $0.00 (As of Mar. 2024)


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What is Cullen/Frost Bankers Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Cullen/Frost Bankers's adjusted book value per share for the three months ended in Mar. 2024 was $56.588. 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 $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cullen/Frost Bankers's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.50% 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 Cullen/Frost Bankers was 12.40% per year. The lowest was 6.50% per year. And the median was 8.40% per year.

As of today (2024-04-29), Cullen/Frost Bankers's current stock price is $25.00. Cullen/Frost Bankers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.00. Cullen/Frost Bankers's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cullen/Frost Bankers was 2.82. The lowest was 1.13. And the median was 2.19.


Cullen/Frost Bankers Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cullen/Frost Bankers'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.

Cullen/Frost Bankers Cyclically Adjusted Book per Share Chart

Cullen/Frost Bankers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
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Cullen/Frost Bankers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Cullen/Frost Bankers's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Cullen/Frost Bankers'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.


Cullen/Frost Bankers's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Cullen/Frost Bankers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cullen/Frost Bankers's Cyclically Adjusted PB Ratio falls into.



Cullen/Frost Bankers 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, Cullen/Frost Bankers'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)
=56.588/129.4194*129.4194
=56.588

Current CPI (Mar. 2024) = 129.4194.

Cullen/Frost Bankers Quarterly Data

Book Value per Share CPI Adj_Book
201406 42.549 100.560 54.760
201409 43.313 100.428 55.817
201412 43.857 99.070 57.292
201503 44.821 99.621 58.228
201506 44.185 100.684 56.796
201509 44.725 100.392 57.657
201512 44.487 99.792 57.695
201603 46.138 100.470 59.432
201606 48.478 101.688 61.698
201609 48.885 101.861 62.111
201612 46.305 101.863 58.832
201703 47.842 102.862 60.194
201706 49.892 103.349 62.477
201709 49.327 104.136 61.303
201712 51.090 104.011 63.570
201803 50.208 105.290 61.715
201806 51.279 106.317 62.422
201809 51.258 106.507 62.285
201812 52.241 105.998 63.784
201903 55.881 107.251 67.432
201906 58.275 108.070 69.788
201909 60.545 108.329 72.332
201912 61.035 108.420 72.857
202003 61.998 108.902 73.679
202006 64.949 108.767 77.281
202009 66.184 109.815 77.999
202012 67.197 109.897 79.134
202103 66.791 111.754 77.349
202106 68.507 114.631 77.345
202109 68.483 115.734 76.581
202112 69.572 117.630 76.545
202203 58.826 121.301 62.763
202206 51.870 125.017 53.697
202209 43.210 125.227 44.657
202212 48.472 125.222 50.097
202303 53.828 127.348 54.704
202306 52.514 128.729 52.796
202309 46.244 129.860 46.087
202312 57.856 129.419 57.856
202403 56.588 129.419 56.588

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


Cullen/Frost Bankers  (NYSE:CFRpA.CL.PFD) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cullen/Frost Bankers was 2.82. The lowest was 1.13. And the median was 2.19.


Be Aware

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


Cullen/Frost Bankers Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Cullen/Frost Bankers's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Cullen/Frost Bankers (Cullen/Frost Bankers) Business Description

Traded in Other Exchanges
Address
111 W. Houston Street, San Antonio, TX, USA, 78205
Cullen/Frost Bankers is a financial holding company, headquartered in San Antonio. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments, and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley, and San Antonio regions.