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AB Bank (DHA:ABBANK) Cyclically Adjusted PB Ratio : 0.22 (As of May. 15, 2024)


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What is AB Bank Cyclically Adjusted PB Ratio?

As of today (2024-05-15), AB Bank's current share price is BDT7.20. AB Bank's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was BDT32.72. AB Bank's Cyclically Adjusted PB Ratio for today is 0.22.

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

DHA:ABBANK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.31   Max: 0.39
Current: 0.23

During the past years, AB Bank's highest Cyclically Adjusted PB Ratio was 0.39. The lowest was 0.23. And the median was 0.31.

DHA:ABBANK's Cyclically Adjusted PB Ratio is ranked better than
94.34% of 1184 companies
in the Banks industry
Industry Median: 0.935 vs DHA:ABBANK: 0.23

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.

AB Bank's adjusted book value per share data for the three months ended in Sep. 2023 was BDT30.037. 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 BDT32.72 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AB Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AB 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.

AB Bank Cyclically Adjusted PB Ratio Chart

AB Bank Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.31

AB Bank Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.31 0.31 0.30 0.30 0.30

Competitive Comparison of AB Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, AB 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.


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

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

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



AB 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.20/32.72
=0.22

* 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.

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

For example, AB Bank's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=30.037/129.8595*129.8595
=30.037

Current CPI (Sep. 2023) = 129.8595.

AB Bank Quarterly Data

Book Value per Share CPI Adj_Book
201312 19.711 98.326 26.032
201403 0.000 99.695 0.000
201406 20.499 100.560 26.472
201409 21.524 100.428 27.832
201412 22.680 99.070 29.729
201503 22.050 99.621 28.743
201506 23.573 100.684 30.404
201509 24.228 100.392 31.340
201512 26.848 99.792 34.937
201603 27.880 100.470 36.035
201606 31.393 101.688 40.090
201609 27.619 101.861 35.211
201612 27.700 101.863 35.313
201703 27.972 102.862 35.314
201706 31.555 103.349 39.649
201709 31.350 104.136 39.094
201712 27.323 104.011 34.113
201803 27.450 105.290 33.856
201806 27.640 106.317 33.761
201809 27.689 106.507 33.760
201812 27.200 105.998 33.323
201903 27.283 107.251 33.034
201906 27.332 108.070 32.843
201909 27.350 108.329 32.786
201912 27.363 108.420 32.774
202003 27.388 108.902 32.659
202006 27.452 108.767 32.776
202009 28.157 109.815 33.297
202012 29.241 109.897 34.553
202103 29.336 111.754 34.089
202106 29.576 114.631 33.505
202109 29.588 115.734 33.199
202112 29.112 117.630 32.139
202203 29.351 121.301 31.422
202206 29.951 125.017 31.111
202209 29.052 125.227 30.127
202212 29.336 125.222 30.422
202303 29.252 127.348 29.829
202306 30.056 128.729 30.320
202309 30.037 129.860 30.037

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.


AB Bank  (DHA:ABBANK) 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.


AB Bank Cyclically Adjusted PB Ratio Related Terms

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


AB Bank (DHA:ABBANK) Business Description

Industry
Traded in Other Exchanges
N/A
Address
The Skymark, 18 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212
AB Bank PLC, together with its subsidiaries, provides various financial products and services in Bangladesh and international markets. The company also provides personal, auto, education, and home loans. AB offers a wide range of depository and loan products to cater to virtually every customer segment. From Student Banking to Priority Banking AB approximately has all banking products in its stock. It also provides Small and Medium Enterprise (SME) credit, Women's Entrepreneur, Consumer Loans, Debit and Credit Cards (Local and International), ATMs, Internet and SMS Banking, Remittance Services, Treasury Products and Services, Structured Finance for Corporate, strengthening and expanding its Islamic Banking activities, Investment Banking.

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