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Bank OZK (Bank OZK) Cyclically Adjusted Book per Share : $33.07 (As of Mar. 2024)


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What is Bank OZK Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Bank OZK's adjusted book value per share for the three months ended in Mar. 2024 was $43.442. 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 $33.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank OZK's average Cyclically Adjusted Book Growth Rate was 14.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 22.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Bank OZK was 27.30% per year. The lowest was 17.50% per year. And the median was 19.30% per year.

As of today (2024-06-01), Bank OZK's current stock price is $41.88. Bank OZK's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $33.07. Bank OZK's Cyclically Adjusted PB Ratio of today is 1.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank OZK was 8.78. The lowest was 0.91. And the median was 2.35.


Bank OZK Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank OZK's Cyclically Adjusted Book per Share 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.

Bank OZK Cyclically Adjusted Book per Share Chart

Bank OZK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.35 19.27 23.50 27.78 31.70

Bank OZK Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 28.97 30.03 31.03 31.70 33.07

Competitive Comparison of Bank OZK's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bank OZK'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.


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

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

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



Bank OZK Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bank OZK's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=43.442/131.7762*131.7762
=43.442

Current CPI (Mar. 2024) = 131.7762.

Bank OZK Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.673 100.560 13.986
201409 10.985 100.428 14.414
201412 11.366 99.070 15.118
201503 13.592 99.621 17.979
201506 13.930 100.684 18.232
201509 14.893 100.392 19.549
201512 16.188 99.792 21.376
201603 16.625 100.470 21.805
201606 17.157 101.688 22.234
201609 22.755 101.861 29.438
201612 23.020 101.863 29.780
201703 23.634 102.862 30.277
201706 25.431 103.349 32.426
201709 26.017 104.136 32.923
201712 26.976 104.011 34.177
201803 27.420 105.290 34.318
201806 28.098 106.317 34.827
201809 28.409 106.507 35.149
201812 29.316 105.998 36.446
201903 30.113 107.251 36.999
201906 30.968 108.070 37.761
201909 31.628 108.329 38.474
201912 32.185 108.420 39.118
202003 31.573 108.902 38.205
202006 31.779 108.767 38.502
202009 32.366 109.815 38.839
202012 33.029 109.897 39.605
202103 33.790 111.754 39.844
202106 34.703 114.631 39.893
202109 35.346 115.734 40.245
202112 35.851 117.630 40.163
202203 35.468 121.301 38.531
202206 35.865 125.017 37.804
202209 35.669 125.227 37.535
202212 37.128 125.222 39.071
202303 38.434 127.348 39.771
202306 39.515 128.729 40.450
202309 40.345 129.860 40.940
202312 42.422 129.419 43.195
202403 43.442 131.776 43.442

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Bank OZK  (NAS:OZK) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Bank OZK's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.88/33.07
=1.27

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank OZK was 8.78. The lowest was 0.91. And the median was 2.35.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Bank OZK Cyclically Adjusted Book per Share Related Terms

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


Bank OZK (Bank OZK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank OZK (NAS:OZK) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
18000 Cantrell Road, Little Rock, AR, USA, 72223
Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices primarily in the southeastern United States, as well as Texas, New York, and California. The bank holding company also owns a number of finance subsidiary business trusts formed in connection with the issuance of debt and preferred securities. Bank of the Ozarks provides a wide range of retail and commercial banking services, but principally concentrates its activities on real estate loans, which account for the great majority of the bank's loans and leases. The bank's real estate lending arm, which finances many metropolitan construction and development projects, extends further than many of its community banking competitors.
Executives
Kathleen M Franklin director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Bradly Rebel officer: Chief Audit Executive 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Dennis R James officer: EVP/Director of M & A 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Mullen Walter J Iii director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Paula H Cholmondeley director 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
Timothy D Hicks officer: EVP Corporate Finance 17901 CHENAL PARKWAY, LITTLE ROCK AR 72227
John Crawford Carter officer: Director Community Bank Lend 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Edward J Wydock officer: Chief Risk Officer SUSQUEHANNA BANCSHARES, INC., 26 N CEDAR ST, LITITZ PA 17543
William A Koefoed director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Jennifer R Junker officer: Dir of Trust and Wealth Mgmt 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Matthew Reddin officer: Dir of Comm Bank Lending 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Ross M Whipple director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Catherine B Freedberg director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Peter C Kenny director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Dan Thomas officer: Chief Lending Officer 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223