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AB Bank (DHA:ABBANK) Cyclically Adjusted Book per Share : BDT32.55 (As of Mar. 2024)


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What is AB Bank 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.

AB Bank's adjusted book value per share for the three months ended in Mar. 2024 was BDT29.089. 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 BDT32.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AB Bank's average Cyclically Adjusted Book Growth Rate was 3.00% 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 (2024-06-10), AB Bank's current stock price is BDT6.80. AB Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was BDT32.55. AB Bank's Cyclically Adjusted PB Ratio of today is 0.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AB Bank was 0.39. The lowest was 0.20. And the median was 0.31.


AB Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for AB Bank'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.

AB Bank Cyclically Adjusted Book per Share Chart

AB Bank 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 - - - 30.93 32.06

AB Bank 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 31.59 31.86 32.07 32.06 32.55

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

For the Banks - Regional subindustry, AB Bank'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.


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

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

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



AB Bank 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, AB Bank'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)
=29.089/131.7762*131.7762
=29.089

Current CPI (Mar. 2024) = 131.7762.

AB Bank Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.097 100.560 26.336
201409 21.102 100.428 27.689
201412 22.235 99.070 29.576
201503 21.618 99.621 28.596
201506 23.111 100.684 30.248
201509 23.753 100.392 31.179
201512 26.321 99.792 34.757
201603 27.333 100.470 35.850
201606 30.778 101.688 39.885
201609 27.078 101.861 35.030
201612 27.157 101.863 35.132
201703 27.424 102.862 35.133
201706 30.936 103.349 39.445
201709 30.735 104.136 38.893
201712 26.788 104.011 33.939
201803 26.912 105.290 33.682
201806 27.098 106.317 33.587
201809 27.146 106.507 33.587
201812 26.667 105.998 33.152
201903 26.748 107.251 32.865
201906 26.796 108.070 32.674
201909 26.814 108.329 32.618
201912 26.827 108.420 32.606
202003 26.851 108.902 32.491
202006 26.913 108.767 32.606
202009 27.604 109.815 33.124
202012 28.667 109.897 34.374
202103 28.761 111.754 33.914
202106 28.996 114.631 33.333
202109 29.007 115.734 33.028
202112 28.541 117.630 31.973
202203 28.775 121.301 31.260
202206 29.364 125.017 30.952
202209 28.482 125.227 29.972
202212 28.761 125.222 30.266
202303 28.679 127.348 29.676
202306 29.467 128.729 30.165
202309 29.448 129.860 29.883
202312 28.999 129.419 29.527
202403 29.089 131.776 29.089

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


AB Bank  (DHA:ABBANK) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.80/32.55
=0.21

* 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 AB Bank was 0.39. The lowest was 0.20. And the median was 0.31.


Be Aware

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


AB Bank Cyclically Adjusted Book per Share Related Terms

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


AB Bank (DHA:ABBANK) Business Description

Industry
Traded in Other Exchanges
N/A
Address
The Skymark, 18 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212
AB Bank PLC, together with its subsidiaries, provides various financial products and services in Bangladesh and international markets. The company also provides personal, auto, education, and home loans. AB offers a wide range of depository and loan products to cater to virtually every customer segment. From Student Banking to Priority Banking AB approximately has all banking products in its stock. It also provides Small and Medium Enterprise (SME) credit, Women's Entrepreneur, Consumer Loans, Debit and Credit Cards (Local and International), ATMs, Internet and SMS Banking, Remittance Services, Treasury Products and Services, Structured Finance for Corporate, strengthening and expanding its Islamic Banking activities, Investment Banking.

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