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Wintrust Financial (FRA:WF2) Cyclically Adjusted Book per Share : €63.67 (As of Mar. 2024)


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What is Wintrust Financial 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.

Wintrust Financial's adjusted book value per share for the three months ended in Mar. 2024 was €74.866. 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 €63.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wintrust Financial's average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Wintrust Financial was 16.70% per year. The lowest was 4.70% per year. And the median was 8.35% per year.

As of today (2024-06-06), Wintrust Financial's current stock price is €87.00. Wintrust Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €63.67. Wintrust Financial's Cyclically Adjusted PB Ratio of today is 1.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wintrust Financial was 2.18. The lowest was 0.63. And the median was 1.36.


Wintrust Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Wintrust Financial'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.

Wintrust Financial Cyclically Adjusted Book per Share Chart

Wintrust Financial 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 43.52 41.44 51.18 58.61 61.33

Wintrust Financial 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 58.09 60.30 61.97 61.33 63.67

Competitive Comparison of Wintrust Financial's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Wintrust Financial'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.


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

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

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



Wintrust Financial 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, Wintrust Financial'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)
=74.866/131.7762*131.7762
=74.866

Current CPI (Mar. 2024) = 131.7762.

Wintrust Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 29.593 100.560 38.780
201409 31.612 100.428 41.480
201412 33.673 99.070 44.790
201503 39.086 99.621 51.702
201506 37.632 100.684 49.253
201509 38.422 100.392 50.434
201512 39.863 99.792 52.639
201603 40.111 100.470 52.609
201606 40.903 101.688 53.006
201609 41.750 101.861 54.011
201612 44.665 101.863 57.782
201703 44.765 102.862 57.348
201706 43.373 103.349 55.303
201709 41.830 104.136 52.933
201712 43.060 104.011 54.555
201803 41.897 105.290 52.437
201806 45.314 106.317 56.165
201809 46.437 106.507 57.455
201812 48.971 105.998 60.881
201903 50.735 107.251 62.337
201906 51.880 108.070 63.261
201909 54.695 108.329 66.533
201912 55.509 108.420 67.467
202003 56.229 108.902 68.040
202006 55.182 108.767 66.855
202009 53.968 109.815 64.761
202012 53.625 109.897 64.301
202103 56.567 111.754 66.701
202106 57.109 114.631 65.650
202109 59.663 115.734 67.933
202112 63.383 117.630 71.006
202203 64.702 121.301 70.289
202206 67.226 125.017 70.861
202209 70.259 125.227 73.934
202212 68.079 125.222 71.642
202303 70.276 127.348 72.720
202306 69.822 128.729 71.475
202309 70.450 129.860 71.490
202312 74.671 129.419 76.031
202403 74.866 131.776 74.866

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


Wintrust Financial  (FRA:WF2) 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.

Wintrust Financial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=87.00/63.67
=1.37

* 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 Wintrust Financial was 2.18. The lowest was 0.63. And the median was 1.36.


Be Aware

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


Wintrust Financial Cyclically Adjusted Book per Share Related Terms

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


Wintrust Financial (FRA:WF2) Business Description

Industry
Traded in Other Exchanges
Address
9700 West Higgins Road, Suite 800, Rosemont, IL, USA, 60018
Wintrust Financial Corp is a financial holding company operating in the Chicago metropolitan area and southern Wisconsin through its wholly-owned banking subsidiaries. Wintrust conducts its business through three segments: community banking, specialty finance, and wealth management. Among other services, the company provides community-oriented, personal, and commercial banking, as well as the origination and purchase of residential mortgages for sale into the secondary market. A majority of its banks are banks chartered by the state of Illinois with scores of locations. The company has historically grown through both de novo organization and acquisitions. A majority of its loan portfolio is commercial, mostly in real estate. A majority of Wintrust's net revenue is net interest income.

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