GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cadence Bank (NYSE:CADE) » Definitions » Cyclically Adjusted PB Ratio

Cadence Bank (Cadence Bank) Cyclically Adjusted PB Ratio : 1.15 (As of Apr. 27, 2024)


View and export this data going back to 1985. Start your Free Trial

What is Cadence Bank Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Cadence Bank's current share price is $29.02. Cadence Bank's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $25.29. Cadence Bank's Cyclically Adjusted PB Ratio for today is 1.15.

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

CADE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.44   Max: 2.03
Current: 1.15

During the past years, Cadence Bank's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 0.73. And the median was 1.44.

CADE's Cyclically Adjusted PB Ratio is ranked worse than
65.53% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs CADE: 1.15

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.

Cadence Bank's adjusted book value per share data for the three months ended in Dec. 2023 was $27.346. 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 $25.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cadence Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cadence Bank'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.

Cadence Bank Cyclically Adjusted PB Ratio Chart

Cadence Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 1.37 1.34 1.02 1.17

Cadence Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.02 0.84 0.79 0.84 1.17

Competitive Comparison of Cadence Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Cadence Bank'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.


Cadence Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Cadence Bank 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.

Cadence Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.02/25.29
=1.15

* 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.

Cadence Bank's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Cadence Bank'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)
=27.346/129.4194*129.4194
=27.346

Current CPI (Dec. 2023) = 129.4194.

Cadence Bank Quarterly Data

Book Value per Share CPI Adj_Book
201403 16.194 99.695 21.022
201406 16.543 100.560 21.291
201409 16.765 100.428 21.605
201412 16.685 99.070 21.796
201503 17.041 99.621 22.138
201506 17.365 100.684 22.321
201509 17.504 100.392 22.565
201512 17.581 99.792 22.801
201603 17.787 100.470 22.912
201606 18.119 101.688 23.060
201609 18.327 101.861 23.285
201612 18.399 101.863 23.376
201703 18.435 102.862 23.195
201706 18.587 103.349 23.276
201709 18.825 104.136 23.396
201712 18.969 104.011 23.603
201803 20.680 105.290 25.419
201806 20.994 106.317 25.556
201809 21.480 106.507 26.101
201812 22.102 105.998 26.986
201903 22.476 107.251 27.122
201906 23.120 108.070 27.688
201909 23.760 108.329 28.386
201912 24.090 108.420 28.756
202003 24.504 108.902 29.121
202006 25.015 108.767 29.765
202009 25.503 109.815 30.056
202012 25.892 109.897 30.492
202103 25.902 111.754 29.996
202106 26.724 114.631 30.172
202109 26.731 115.734 29.892
202112 26.978 117.630 29.682
202203 24.398 121.301 26.031
202206 23.407 125.017 24.231
202209 21.925 125.227 22.659
202212 22.717 125.222 23.479
202303 23.666 127.348 24.051
202306 23.649 128.729 23.776
202309 23.154 129.860 23.076
202312 27.346 129.419 27.346

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.


Cadence Bank  (NYSE:CADE) 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.


Cadence Bank Cyclically Adjusted PB Ratio Related Terms

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


Cadence Bank (Cadence Bank) Business Description

Industry
Traded in Other Exchanges
Address
201 South Spring Street, One Mississippi Plaza, Tupelo, MS, USA, 38804
Cadence Bank is a bank based in the United States. The operating segments 1) Banking Services segment provides all traditional banking products and services, including commercial loans and deposits. 2) Mortgage segment includes mortgage banking activities of originating mortgage loans, and selling mortgage loans in the secondary market.3) Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities solutions to help protect, grow and transfer wealth. 4) Insurance Agencies segment provides service as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, etc. 5) General Corporate and Other segment included other activities not allocated to other aforementioned operating segments.