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Hancock Whitney (Hancock Whitney) Cyclically Adjusted Book per Share : $43.51 (As of Mar. 2024)


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What is Hancock Whitney 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.

Hancock Whitney's adjusted book value per share for the three months ended in Mar. 2024 was $44.486. 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 $43.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hancock Whitney's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Hancock Whitney was 9.00% per year. The lowest was 6.00% per year. And the median was 7.40% per year.

As of today (2024-05-19), Hancock Whitney's current stock price is $47.86. Hancock Whitney's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $43.51. Hancock Whitney's Cyclically Adjusted PB Ratio of today is 1.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hancock Whitney was 1.92. The lowest was 0.47. And the median was 1.24.


Hancock Whitney Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hancock Whitney'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.

Hancock Whitney Cyclically Adjusted Book per Share Chart

Hancock Whitney 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 33.26 34.88 38.16 40.86 42.61

Hancock Whitney 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 41.63 42.18 42.63 42.61 43.51

Competitive Comparison of Hancock Whitney's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Hancock Whitney'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.


Hancock Whitney's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Hancock Whitney 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, Hancock Whitney'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)
=44.486/131.7762*131.7762
=44.486

Current CPI (Mar. 2024) = 131.7762.

Hancock Whitney Quarterly Data

Book Value per Share CPI Adj_Book
201406 30.449 100.560 39.901
201409 30.764 100.428 40.367
201412 30.741 99.070 40.890
201503 31.136 99.621 41.186
201506 31.117 100.684 40.726
201509 31.651 100.392 41.546
201512 31.139 99.792 41.119
201603 31.236 100.470 40.969
201606 31.770 101.688 41.170
201609 32.089 101.861 41.513
201612 32.288 101.863 41.770
201703 32.699 102.862 41.891
201706 33.208 103.349 42.342
201709 33.778 104.136 42.744
201712 33.861 104.011 42.900
201803 33.957 105.290 42.499
201806 34.330 106.317 42.551
201809 34.896 106.507 43.175
201812 35.979 105.998 44.729
201903 37.225 107.251 45.737
201906 38.700 108.070 47.189
201909 39.488 108.329 48.035
201912 39.624 108.420 48.160
202003 39.653 108.902 47.982
202006 38.407 108.767 46.532
202009 39.070 109.815 46.883
202012 39.653 109.897 47.548
202103 39.376 111.754 46.431
202106 41.025 114.631 47.161
202109 41.807 115.734 47.602
202112 42.310 117.630 47.398
202203 39.914 121.301 43.361
202206 39.080 125.017 41.193
202209 37.117 125.227 39.058
202212 38.894 125.222 40.930
202303 41.029 127.348 42.456
202306 41.272 128.729 42.249
202309 40.639 129.860 41.239
202312 44.052 129.419 44.854
202403 44.486 131.776 44.486

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


Hancock Whitney  (NAS:HWC) 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.

Hancock Whitney's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.86/43.51
=1.10

* 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 Hancock Whitney was 1.92. The lowest was 0.47. And the median was 1.24.


Be Aware

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


Hancock Whitney Cyclically Adjusted Book per Share Related Terms

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


Hancock Whitney (Hancock Whitney) Business Description

Industry
Traded in Other Exchanges
Address
2510 14th Street, Hancock Whitney Plaza, Gulfport, MS, USA, 39501
Hancock Whitney Corp operates bank offices and financial centers. The company offers financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; certain insurance services; and mortgage services. The company also operates a loan production office in Nashville, Tennessee.
Executives
Joseh S Exnicios officer: President - Whitney Bank 228 ST CHARLES AVE, NEW ORLEANS LA 70130
Carleton Richard Wilkins director P.O. BOX 4019, GULFPORT MS 39502
John M Hairston officer: Chief Operations Officer P O BOX 4019, GULFPORT MS 39502
Knight Cecil W. Jr officer: Chief Banking Officer P.O. BOX 4019, GULFPORT MS 35902
Michael M Achary officer: Sr. VP & Corp. Treasurer P.O. BOX 4019, GULFPORT MS 39502
Lane Harry Merritt Iii director 835 UNION STREET, NEW ORLEANS LA 70112
Joan Cahill Teofilo director P.O. BOX 4019, GULFPORT MS 39502
Sonia Perez director 127 FLYNT ROAD, LAUREL MS 39443
Christine L Smilek director P O BOX 4019, GULFPORT MS 39502
Christopher S Ziluca officer: Chief Credit Officer PO BOX 4019, GULFPORT MS 39502
Suzette K Kent director P.O. BOX 4019, GULFPORT MS 39502
James H Horne director P O BOX 4019, GULFPORT MS 39502
Dean Liollio director 333 CLAY STREET, STE 1500, HOUSTON TX 77002
Michael Otero officer: Chief Risk Officer PO BOX 4019, GULFPORT MS 39502
Ruena H Wetzel officer: Chief HR Officer PO BOX 4019, GULFPORT MS 39502