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SVB Financial Group (WBO:SIVB) Cyclically Adjusted PB Ratio : 1.32 (As of Apr. 28, 2024)


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What is SVB Financial Group Cyclically Adjusted PB Ratio?

As of today (2024-04-28), SVB Financial Group's current share price is €148.36. SVB Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2022 was €112.54. SVB Financial Group's Cyclically Adjusted PB Ratio for today is 1.32.

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

WBO:SIVB's Cyclically Adjusted PB Ratio is not ranked *
in the Banks industry.
Industry Median: 0.92
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

SVB Financial Group's adjusted book value per share data for the three months ended in Dec. 2022 was €197.154. 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 €112.54 for the trailing ten years ended in Dec. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


SVB Financial Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SVB Financial Group'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.

SVB Financial Group Cyclically Adjusted PB Ratio Chart

SVB Financial Group 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 3.48 3.92 5.14 7.07 1.95

SVB Financial Group Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 7.07 5.43 3.59 2.94 1.95

Competitive Comparison of SVB Financial Group's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, SVB Financial 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.


SVB Financial Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where SVB Financial Group's Cyclically Adjusted PB Ratio falls into.



SVB Financial 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.

SVB Financial Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=148.36/112.54
=1.32

* 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.

SVB Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2022 is calculated as:

For example, SVB Financial Group's adjusted Book Value per Share data for the three months ended in Dec. 2022 was:

Adj_Book=Book Value per Share/CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=197.154/125.2218*125.2218
=197.154

Current CPI (Dec. 2022) = 125.2218.

SVB Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201303 32.312 98.209 41.199
201306 30.812 98.518 39.164
201309 31.898 98.790 40.432
201312 31.340 98.326 39.913
201403 32.959 99.695 41.398
201406 38.847 100.560 48.374
201409 41.562 100.428 51.823
201412 44.799 99.070 56.625
201503 53.739 99.621 67.549
201506 52.827 100.684 65.702
201509 54.941 100.392 68.530
201512 56.886 99.792 71.382
201603 58.725 100.470 73.192
201606 59.970 101.688 73.849
201609 61.493 101.861 75.596
201612 66.084 101.863 81.238
201703 67.133 102.862 81.726
201706 65.874 103.349 79.816
201709 64.604 104.136 77.686
201712 66.848 104.011 80.480
201803 67.664 105.290 80.473
201806 74.928 106.317 88.252
201809 79.252 106.507 93.178
201812 85.519 105.998 101.029
201903 90.370 107.251 105.513
201906 95.329 108.070 110.459
201909 103.747 108.329 119.925
201912 106.806 108.420 123.358
202003 117.665 108.902 135.299
202006 119.781 108.767 137.902
202009 122.179 109.815 139.321
202012 124.832 109.897 142.240
202103 137.126 111.754 153.651
202106 146.166 114.631 159.670
202109 177.250 115.734 191.780
202112 189.658 117.630 201.899
202203 190.334 121.301 196.486
202206 196.497 125.017 196.819
202209 202.721 125.227 202.713
202212 197.154 125.222 197.154

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.


SVB Financial Group  (WBO:SIVB) 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.


SVB Financial Group Cyclically Adjusted PB Ratio Related Terms

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


SVB Financial Group (WBO:SIVB) Business Description

Traded in Other Exchanges
Address
3003 Tasman Drive, Santa Clara, CA, USA, 95054-1191
SVB Financial Group provides loans and ancillary financial services to startups, private equity, and venture capital firms. The bank has four segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities. In addition to providing loans to venture-capital-backed startups, the company invests in private equity and venture capital funds of funds. The bank operates throughout the United States and maintains offices in Canada, the United Kingdom, Israel, China, India, Germany, Denmark, and Ireland.

SVB Financial Group (WBO:SIVB) Headlines

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