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Erste Group Bank AG. (WBO:EBS) Cyclically Adjusted Book per Share : €43.97 (As of Dec. 2023)


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What is Erste Group Bank AG. 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.

Erste Group Bank AG.'s adjusted book value per share for the three months ended in Dec. 2023 was €53.166. 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 €43.97 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Erste Group Bank AG.'s average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.30% 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 Erste Group Bank AG. was 8.00% per year. The lowest was 1.80% per year. And the median was 3.90% per year.

As of today (2024-04-28), Erste Group Bank AG.'s current stock price is €43.97. Erste Group Bank AG.'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €43.97. Erste Group Bank AG.'s Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Erste Group Bank AG. was 1.28. The lowest was 0.44. And the median was 0.89.


Erste Group Bank AG. Cyclically Adjusted Book per Share Historical Data

The historical data trend for Erste Group Bank AG.'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.

Erste Group Bank AG. Cyclically Adjusted Book per Share Chart

Erste Group Bank AG. 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 34.84 34.91 36.70 40.84 43.97

Erste Group Bank AG. 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 40.84 41.92 42.60 43.30 43.97

Competitive Comparison of Erste Group Bank AG.'s Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Erste Group Bank AG.'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.


Erste Group Bank AG.'s Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Erste Group Bank AG. 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, Erste Group Bank AG.'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)
=53.166/132.0288*132.0288
=53.166

Current CPI (Dec. 2023) = 132.0288.

Erste Group Bank AG. Quarterly Data

Book Value per Share CPI Adj_Book
201403 27.643 99.044 36.849
201406 25.062 99.496 33.257
201409 23.846 99.586 31.615
201412 24.001 99.676 31.791
201503 24.976 99.992 32.978
201506 25.150 100.492 33.043
201509 26.070 100.292 34.320
201512 26.814 100.692 35.159
201603 27.595 100.692 36.183
201606 29.366 101.092 38.353
201609 30.446 101.192 39.724
201612 30.427 102.092 39.349
201703 30.977 102.592 39.865
201706 32.358 102.991 41.481
201709 33.215 103.591 42.333
201712 33.900 104.291 42.916
201803 33.340 104.491 42.126
201806 32.486 105.091 40.813
201809 33.882 105.691 42.325
201812 35.179 106.291 43.697
201903 37.107 106.391 46.049
201906 36.768 106.791 45.457
201909 37.712 106.991 46.537
201912 38.272 108.091 46.748
202003 39.726 108.024 48.554
202006 39.874 107.915 48.784
202009 40.473 108.348 49.319
202012 42.758 109.321 51.640
202103 43.427 110.186 52.036
202106 44.613 110.943 53.092
202109 45.616 111.916 53.814
202112 44.390 113.971 51.423
202203 45.680 117.647 51.264
202206 45.077 120.567 49.362
202209 46.063 123.811 49.120
202212 47.518 125.541 49.974
202303 49.873 128.461 51.258
202306 49.850 130.191 50.554
202309 52.098 131.272 52.398
202312 53.166 132.029 53.166

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


Erste Group Bank AG.  (WBO:EBS) 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.

Erste Group Bank AG.'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=43.97/43.97
=1.00

* 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 Erste Group Bank AG. was 1.28. The lowest was 0.44. And the median was 0.89.


Be Aware

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


Erste Group Bank AG. Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Erste Group Bank AG.'s Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Erste Group Bank AG. (WBO:EBS) Business Description

Industry
Address
Am Belvedere 1, Vienna, AUT, A-1100
Erste Group Bank AG. is a financial services provider. Its banking operations is the retail and corporate customer business in the eastern part of the European Union, including Austria. The geographical areas consist of two core markets, Austria and Central and Eastern Europe and a residual segment Other comprises the remaining business activities of the bank outside its core markets as well as the reconciliation to the consolidated accounting result. The company's operating segment include Retail; Corporates; Group Markets; Asset/Liability Management and Local Corporate Center; Savings Banks and Group Corporate Center.

Erste Group Bank AG. (WBO:EBS) Headlines

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