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GFH Financial Group BSC (BAH:GFH) Cyclically Adjusted Book per Share : $0.30 (As of Mar. 2024)


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What is GFH Financial Group BSC 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.

GFH Financial Group BSC's adjusted book value per share for the three months ended in Mar. 2024 was $0.265. 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 $0.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GFH Financial Group BSC's average Cyclically Adjusted Book Growth Rate was 3.40% 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.

As of today (2024-06-06), GFH Financial Group BSC's current stock price is $0.301. GFH Financial Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.30. GFH Financial Group BSC's Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GFH Financial Group BSC was 1.07. The lowest was 0.81. And the median was 0.90.


GFH Financial Group BSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for GFH Financial Group BSC'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.

GFH Financial Group BSC Cyclically Adjusted Book per Share Chart

GFH Financial Group BSC 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 - - - - 0.30

GFH Financial Group BSC 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 0.29 0.29 0.30 0.30 0.30

Competitive Comparison of GFH Financial Group BSC's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, GFH Financial Group BSC'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.


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

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

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



GFH Financial Group BSC 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, GFH Financial Group BSC'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)
=0.265/131.7762*131.7762
=0.265

Current CPI (Mar. 2024) = 131.7762.

GFH Financial Group BSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.093 99.070 0.124
201503 0.103 99.621 0.136
201506 0.103 100.684 0.135
201509 0.216 100.392 0.284
201512 0.214 99.792 0.283
201603 0.215 100.470 0.282
201606 0.216 101.688 0.280
201609 0.214 101.861 0.277
201612 0.276 101.863 0.357
201703 0.267 102.862 0.342
201706 0.346 103.349 0.441
201709 0.278 104.136 0.352
201712 0.292 104.011 0.370
201803 0.303 105.290 0.379
201806 0.312 106.317 0.387
201809 0.288 106.507 0.356
201812 0.280 105.998 0.348
201903 0.277 107.251 0.340
201906 0.274 108.070 0.334
201909 0.304 108.329 0.370
201912 0.285 108.420 0.346
202003 0.000 108.902 0.000
202006 0.242 108.767 0.293
202009 0.250 109.815 0.300
202012 0.260 109.897 0.312
202103 0.262 111.754 0.309
202106 0.266 114.631 0.306
202109 0.264 115.734 0.301
202112 0.266 117.630 0.298
202203 0.289 121.301 0.314
202206 0.281 125.017 0.296
202209 0.277 125.227 0.291
202212 0.285 125.222 0.300
202303 0.273 127.348 0.282
202306 0.282 128.729 0.289
202309 0.286 129.860 0.290
202312 0.284 129.419 0.289
202403 0.265 131.776 0.265

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


GFH Financial Group BSC  (BAH:GFH) 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.

GFH Financial Group BSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.301/0.3
=1.00

* 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 GFH Financial Group BSC was 1.07. The lowest was 0.81. And the median was 0.90.


Be Aware

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


GFH Financial Group BSC Cyclically Adjusted Book per Share Related Terms

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


GFH Financial Group BSC (BAH:GFH) Business Description

Industry
Address
Block 346, Road 4626, Building 1398, East Tower, P.O. Box 10006, Office 2901, 29th Floor, Bahrain Financial Harbour, Manama, BHR
GFH Financial Group BSC is an Islamic wholesale investment bank. The firm is organized into three operating segments Investment Banking, Commercial Banking and Proprietary and treasury. Substantial revenue is generated from Proprietary and Treasury operations. The Group has primary operations in Bahrain. The investment banking segment focuses on private equity and asset management activities, Commercial Banking includes all sharia compliant corporate banking and retail banking activities of the Group provided through the Group's subsidiary, Proprietary and treasury includes all common costs and activities that are undertaken at the Group level, including treasury and residual proprietary and co-investment assets.

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