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Southern Connecticut Bancorp (Southern Connecticut Bancorp) Cyclically Adjusted Book per Share : $0.00 (As of Mar. 2013)


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What is Southern Connecticut Bancorp 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.

Southern Connecticut Bancorp's adjusted book value per share for the three months ended in Mar. 2013 was $4.079. 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 $0.00 for the trailing ten years ended in Mar. 2013.

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 (2024-06-10), Southern Connecticut Bancorp's current stock price is $0.00. Southern Connecticut Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2013 was $0.00. Southern Connecticut Bancorp's Cyclically Adjusted PB Ratio of today is .


Southern Connecticut Bancorp Cyclically Adjusted Book per Share Historical Data

The historical data trend for Southern Connecticut Bancorp'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.

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Southern Connecticut Bancorp Cyclically Adjusted Book per Share Chart

Southern Connecticut Bancorp Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted Book per Share
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Southern Connecticut Bancorp Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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Competitive Comparison of Southern Connecticut Bancorp's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Southern Connecticut 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.


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

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

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



Southern Connecticut Bancorp 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, Southern Connecticut Bancorp's adjusted Book Value per Share data for the three months ended in Mar. 2013 was:

Adj_Book= Book Value per Share /CPI of Mar. 2013 (Change)*Current CPI (Mar. 2013)
=4.079/98.2094*98.2094
=4.079

Current CPI (Mar. 2013) = 98.2094.

Southern Connecticut Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
200306 7.059 77.505 8.945
200309 6.622 78.138 8.323
200312 6.311 77.758 7.971
200403 6.069 79.066 7.538
200406 9.746 80.037 11.959
200409 7.488 80.121 9.179
200412 4.370 80.290 5.345
200503 13.189 81.555 15.882
200506 6.397 82.062 7.656
200509 10.916 83.876 12.781
200512 6.911 83.032 8.174
200603 7.730 84.298 9.006
200606 6.622 85.606 7.597
200609 7.347 85.606 8.429
200612 8.412 85.142 9.703
200703 6.403 86.640 7.258
200706 8.871 87.906 9.911
200709 7.153 87.964 7.986
200712 4.963 88.616 5.500
200803 6.650 90.090 7.249
200806 6.768 92.320 7.200
200809 6.842 92.307 7.280
200812 6.822 88.697 7.554
200903 6.033 89.744 6.602
200906 5.936 91.003 6.406
200909 5.942 91.120 6.404
200912 5.814 91.111 6.267
201003 5.806 91.821 6.210
201006 5.813 91.962 6.208
201009 5.825 92.162 6.207
201012 5.295 92.474 5.623
201103 5.060 94.283 5.271
201106 5.124 95.235 5.284
201109 5.031 95.727 5.161
201112 4.278 95.213 4.413
201203 4.264 96.783 4.327
201206 4.236 96.819 4.297
201209 4.188 97.633 4.213
201212 4.164 96.871 4.222
201303 4.079 98.209 4.079

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


Southern Connecticut Bancorp  (DELISTED:SSE) 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.


Be Aware

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


Southern Connecticut Bancorp Cyclically Adjusted Book per Share Related Terms

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


Southern Connecticut Bancorp (Southern Connecticut Bancorp) Business Description

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Southern Connecticut Bancorp, Inc., a Connecticut corporation was incorporated on November 8, 2000. It is a bank holding company The Company owns 100% of the capital stock of The Bank of Southern Connecticut (the 'Bank'), a Connecticut-chartered bank. The Bank operates branches at four locations, including downtown New Haven, the Amity/Westville section of New Haven, Branford and North Haven. It focuses on serving the banking needs of small to medium-sized businesses, professionals and professional corporations, and their owners and employees in the Greater New Haven Market. The Bank offers loans to businesses and individuals in its service area, including commercial and business loans, industrial loans, personal loans, commercial and home mortgage loans, home equity loans and automobile loans. The Bank has attracted a base of core deposits, including interest bearing and non-interest bearing checking accounts, money market accounts, savings accounts, sweep accounts, NOW accounts, repurchase agreements, and a variety of certificates of deposits and IRA accounts. The primary sources of deposits have been and are expected to continue to be small to medium-sized businesses, professionals (lawyers, doctors, accountants, etc.) and professional corporations, and their owners and employees. The Bank obtains these deposits through personal solicitation by its officers and directors, outside programs and advertisements published and/or broadcasted in the local media. It offers internet-banking services to its customers, including commercial cash management services and personal banking services. The Bank offers remote deposit capture, which offers check deposit capabilities for customers from their place of business. It also offers drive-in teller services, automated teller services, wire transfer, lock box and safe deposit services. The Bank provides a range of other services and products, including cashier's checks, money orders, travelers' checks, bank-by-mail, direct deposit and U.S. Savings Bonds. It is associated with a shared network of automated teller machines that its customers are able to use throughout Connecticut and other regions. The Company operates in a heavily regulated industry and is subject to increasing regulatory review and scrutiny from the Federal Reserve Board, the Connecticut Banking Commissioner, and the FDIC. There are numerous banks and other financial institutions serving the Greater New Haven Market posing significant competition to attract deposits and loans. The Banks and bank holding companies are extensively regulated under both federal and state law.

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