Australia and New Zealand Banking Group (ASX:ANZPA.PFD) Cyclically Adjusted PB Ratio : (As of Apr. 29, 2024)

Australia and New Zealand Banking Group Cyclically Adjusted PB Ratio Chart

Australia and New Zealand Banking Group Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Cyclically Adjusted PB Ratio		Get a 7-Day Free Trial					1.49	0.87	1.34	1.00	1.07

Australia and New Zealand Banking Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															1.34	-	1.00	-	1.07

Competitive Comparison of Australia and New Zealand Banking Group's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Australia and New Zealand Banking Group'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.

Australia and New Zealand Banking Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Australia and New Zealand Banking Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Australia and New Zealand Banking Group's Cyclically Adjusted PB Ratio falls into.

Australia and New Zealand Banking Group 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.

Australia and New Zealand Banking Group does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Australia and New Zealand Banking Group  (ASX:ANZPA.PFD) 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.

Australia and New Zealand Banking Group Cyclically Adjusted PB Ratio Related Terms

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Australia and New Zealand Banking Group (ASX:ANZPA.PFD) Business Description