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PT Bank Pan Indonesia Tbk (ISX:PNBN) Cyclically Adjusted Book per Share : Rp1,769.76 (As of Mar. 2024)


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What is PT Bank Pan Indonesia Tbk 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.

PT Bank Pan Indonesia Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp2,092.140. 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 Rp1,769.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Bank Pan Indonesia Tbk's average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 PT Bank Pan Indonesia Tbk was 9.50% per year. The lowest was 8.80% per year. And the median was 9.15% per year.

As of today (2024-05-28), PT Bank Pan Indonesia Tbk's current stock price is Rp1155.00. PT Bank Pan Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp1,769.76. PT Bank Pan Indonesia Tbk's Cyclically Adjusted PB Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Bank Pan Indonesia Tbk was 1.75. The lowest was 0.51. And the median was 0.72.


PT Bank Pan Indonesia Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Bank Pan Indonesia Tbk'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.

PT Bank Pan Indonesia Tbk Cyclically Adjusted Book per Share Chart

PT Bank Pan Indonesia Tbk 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 1,213.98 1,344.48 1,430.42 1,594.18 1,729.51

PT Bank Pan Indonesia Tbk 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 1,622.80 1,656.67 1,688.25 1,729.51 1,769.76

Competitive Comparison of PT Bank Pan Indonesia Tbk's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PT Bank Pan Indonesia Tbk'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.


PT Bank Pan Indonesia Tbk's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where PT Bank Pan Indonesia Tbk's Cyclically Adjusted PB Ratio falls into.



PT Bank Pan Indonesia Tbk 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, PT Bank Pan Indonesia Tbk'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)
=2092.14/130.6070*130.6070
=2,092.140

Current CPI (Mar. 2024) = 130.6070.

PT Bank Pan Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 832.477 93.015 1,168.925
201409 857.952 94.576 1,184.809
201412 863.608 98.819 1,141.408
201503 896.425 98.388 1,189.981
201506 917.379 99.766 1,200.970
201509 1,168.008 101.037 1,509.849
201512 1,177.004 102.133 1,505.148
201603 1,201.797 102.764 1,527.415
201606 1,226.140 103.212 1,551.583
201609 1,276.666 104.142 1,601.092
201612 1,312.497 105.222 1,629.141
201703 1,343.556 106.476 1,648.052
201706 1,369.356 107.722 1,660.277
201709 1,398.696 108.020 1,691.157
201712 1,410.763 109.017 1,690.156
201803 1,438.033 110.097 1,705.932
201806 1,463.319 111.085 1,720.486
201809 1,497.205 111.135 1,759.539
201812 1,567.034 112.430 1,820.384
201903 1,598.694 112.829 1,850.602
201906 1,632.359 114.730 1,858.251
201909 1,664.652 114.905 1,892.137
201912 1,717.670 115.486 1,942.572
202003 1,634.431 116.252 1,836.249
202006 1,689.217 116.630 1,891.657
202009 1,724.616 116.397 1,935.168
202012 1,836.404 117.318 2,044.418
202103 1,778.973 117.840 1,971.714
202106 1,819.876 118.184 2,011.175
202109 1,858.527 118.262 2,052.538
202112 1,887.158 119.516 2,062.283
202203 1,896.414 120.948 2,047.860
202206 1,896.297 123.322 2,008.310
202209 1,917.866 125.298 1,999.121
202212 1,968.353 126.098 2,038.742
202303 1,994.270 126.953 2,051.678
202306 2,055.906 127.663 2,103.318
202309 2,071.122 128.151 2,110.808
202312 2,064.025 129.395 2,083.363
202403 2,092.140 130.607 2,092.140

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


PT Bank Pan Indonesia Tbk  (ISX:PNBN) 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.

PT Bank Pan Indonesia Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1155.00/1769.76
=0.65

* 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 PT Bank Pan Indonesia Tbk was 1.75. The lowest was 0.51. And the median was 0.72.


Be Aware

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


PT Bank Pan Indonesia Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Bank Pan Indonesia Tbk (ISX:PNBN) Business Description

Industry
Traded in Other Exchanges
Address
Jl. Jendral Sudirman Kav. 1, Senayan, Jakarta, IDN, 10270
PT Bank Pan Indonesia Tbk is an Indonesian bank which operates under the Panin Bank name. The bank primarily derives revenue from lending operations, offering products such as long-term, fixed, revolving and discounted loans, consumer loans, and syndicated loans. In addition, the bank provides custodial services for securities including administration and post-trade settlement, as well as general retail banking products such as deposits and insurance. The bank's headquarters are in Jakarta, Indonesia and it operates a string of branches across the country. The bank earns all revenue domestically, but has a representative office in Singapore. Bank Pan Indonesia is a subsidiary of PT Panin Investment.

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