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CSB Bancorp (CSB Bancorp) Cyclically Adjusted PB Ratio : 1.15 (As of Apr. 29, 2024)


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What is CSB Bancorp Cyclically Adjusted PB Ratio?

As of today (2024-04-29), CSB Bancorp's current share price is $39.00. CSB Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $33.80. CSB Bancorp's Cyclically Adjusted PB Ratio for today is 1.15.

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

CSBB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.08   Med: 1.35   Max: 2.04
Current: 1.15

During the past years, CSB Bancorp's highest Cyclically Adjusted PB Ratio was 2.04. The lowest was 1.08. And the median was 1.35.

CSBB's Cyclically Adjusted PB Ratio is ranked worse than
65.45% of 1178 companies
in the Banks industry
Industry Median: 0.92 vs CSBB: 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.

CSB Bancorp's adjusted book value per share data for the three months ended in Dec. 2023 was $40.428. 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 $33.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSB Bancorp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CSB Bancorp'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.

CSB Bancorp Cyclically Adjusted PB Ratio Chart

CSB Bancorp 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 1.73 1.38 1.32 1.23 1.11

CSB Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.18 1.18 1.13 1.11 -

Competitive Comparison of CSB Bancorp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, CSB Bancorp'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.


CSB Bancorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



CSB Bancorp 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.

CSB Bancorp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.00/33.8
=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.

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

For example, CSB Bancorp'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)
=40.428/129.4194*129.4194
=40.428

Current CPI (Dec. 2023) = 129.4194.

CSB Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.688 99.695 25.558
201406 20.182 100.560 25.974
201409 20.549 100.428 26.481
201412 20.972 99.070 27.397
201503 21.461 99.621 27.880
201506 21.525 100.684 27.668
201509 22.087 100.392 28.473
201512 22.352 99.792 28.988
201603 22.900 100.470 29.498
201606 23.487 101.688 29.892
201609 23.977 101.861 30.464
201612 23.855 101.863 30.308
201703 24.406 102.862 30.707
201706 25.062 103.349 31.384
201709 25.468 104.136 31.652
201712 25.721 104.011 32.004
201803 25.898 105.290 31.833
201806 26.467 106.317 32.218
201809 26.940 106.507 32.736
201812 27.910 105.998 34.077
201903 28.797 107.251 34.749
201906 29.704 108.070 35.572
201909 30.490 108.329 36.426
201912 31.169 108.420 37.206
202003 31.954 108.902 37.974
202006 32.807 108.767 39.036
202009 33.494 109.815 39.473
202012 34.226 109.897 40.306
202103 33.944 111.754 39.310
202106 35.115 114.631 39.645
202109 35.622 115.734 39.834
202112 35.804 117.630 39.393
202203 34.925 121.301 37.262
202206 34.460 125.017 35.674
202209 33.972 125.227 35.109
202212 35.426 125.222 36.614
202303 36.934 127.348 37.535
202306 37.361 128.729 37.561
202309 37.963 129.860 37.834
202312 40.428 129.419 40.428

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.


CSB Bancorp  (OTCPK:CSBB) 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.


CSB Bancorp Cyclically Adjusted PB Ratio Related Terms

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


CSB Bancorp (CSB Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
91 North Clay Street, P.O. Box 232, Millersburg, OH, USA, 44654
CSB Bancorp Inc is a registered financial holding company that operates through the Bank and CSB Investment Services LLC, providing a wide range of banking, trust, financial, and brokerage services to corporate, institutional, and individual customers throughout northeast Ohio. The Bank provides retail and commercial banking services to its customers, including checking and savings accounts, time deposits, IRAs, safe deposit facilities, personal loans, commercial loans, real estate mortgage loans, installment loans, night depository facilities, brokerage, and trust services. The Bank provides residential real estate, commercial real estate, and commercial, and consumer loans to customers located in Holmes, Stark, Tuscarawas, Wayne, and portions of surrounding counties in Ohio.
Executives
Eddie L Steiner director 14950 HACKETT ROAD, APPLE CREEK OH 44606
Brett A. Gallion officer: SVP/COO/CIO 91 N. CLAY STREET, MILLERSBURG OH 44654
Julian L Coblentz director 91 NORTH CLAY STREET, MILLERSBURG OH 44654
Vikki G Briggs director 91 N CLAY STREET, MILLERSBURG OH 44654
Robert K Baker director, other: Chairman of the Board P.O. BOX 913, KILLBUCK OH 44637
Cheryl M Kirkbride director 91 N CLAY STREET, MILLERSBURG OH 44654
Jeffery A Robb director 4700 JAEGER DR, THORNVILLE OH 43076
Daniel J Miller director P.O. BOX 143, WALNUT CREEK OH 44687
John R Waltman director 24 HILLSIDE DRIVE, MILLERSBURG OH 44654
Margaret L Conn officer: Corporate Secretary 105 MARK AVENUE, KILLBUCK OH 44637
Steven R Bailey officer: SVP/COO/CIO 91 NORTH CLAY STREET, MILLERSBURG OH 44654
J Thomas Lang director 7109 STATE ROUTE 514, BIG PRAIRIE OH 44611
Manning William R Jr officer: SVP/COO/CIO 91 NORTH CLAY STREET, MILLERSBURG OH 44654
Paula J Meiler officer: Senior Vice President 30186 MOUNTZ RD, SALEM OH 44460
A Lee Miller officer: Senior Vice President 5046 TOWNSHIP ROAD 376, MILLERSBURG OH 44654

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