GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Katahdin Bankshares Corp (OTCPK:KTHN) » Definitions » Cyclically Adjusted Book per Share

Katahdin Bankshares (Katahdin Bankshares) Cyclically Adjusted Book per Share : $23.63 (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Katahdin Bankshares 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.

Katahdin Bankshares's adjusted book value per share for the three months ended in Mar. 2024 was $27.434. 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 $23.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Katahdin Bankshares's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.20% 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 Katahdin Bankshares was 10.20% per year. The lowest was 10.20% per year. And the median was 10.20% per year.

As of today (2024-05-22), Katahdin Bankshares's current stock price is $22.00. Katahdin Bankshares's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $23.63. Katahdin Bankshares's Cyclically Adjusted PB Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Katahdin Bankshares was 1.32. The lowest was 0.89. And the median was 1.08.


Katahdin Bankshares Cyclically Adjusted Book per Share Historical Data

The historical data trend for Katahdin Bankshares'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.

Katahdin Bankshares Cyclically Adjusted Book per Share Chart

Katahdin Bankshares 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 - 17.24 19.89 21.56 23.10

Katahdin Bankshares 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 22.12 22.55 22.94 23.10 23.63

Competitive Comparison of Katahdin Bankshares's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Katahdin Bankshares'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.


Katahdin Bankshares's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Katahdin Bankshares 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, Katahdin Bankshares'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)
=27.434/131.7762*131.7762
=27.434

Current CPI (Mar. 2024) = 131.7762.

Katahdin Bankshares Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 14.829 99.070 19.725
201503 14.984 99.621 19.820
201506 15.094 100.684 19.755
201509 15.349 100.392 20.147
201512 15.475 99.792 20.435
201603 15.620 100.470 20.487
201606 15.997 101.688 20.730
201609 16.320 101.861 21.113
201612 16.053 101.863 20.767
201703 16.245 102.862 20.811
201706 16.603 103.349 21.170
201709 16.642 104.136 21.059
201712 16.726 104.011 21.191
201803 16.722 105.290 20.929
201806 16.906 106.317 20.954
201809 17.216 106.507 21.301
201812 17.949 105.998 22.314
201903 18.489 107.251 22.717
201906 19.280 108.070 23.509
201909 19.881 108.329 24.184
201912 20.444 108.420 24.848
202003 20.442 108.902 24.736
202006 21.178 108.767 25.658
202009 21.791 109.815 26.149
202012 22.865 109.897 27.417
202103 23.571 111.754 27.794
202106 24.014 114.631 27.606
202109 24.743 115.734 28.173
202112 25.156 117.630 28.181
202203 24.204 121.301 26.294
202206 23.318 125.017 24.579
202209 23.135 125.227 24.345
202212 24.314 125.222 25.587
202303 25.190 127.348 26.066
202306 25.513 128.729 26.117
202309 25.356 129.860 25.730
202312 27.453 129.419 27.953
202403 27.434 131.776 27.434

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


Katahdin Bankshares  (OTCPK:KTHN) 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.

Katahdin Bankshares's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.00/23.63
=0.93

* 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 Katahdin Bankshares was 1.32. The lowest was 0.89. And the median was 1.08.


Be Aware

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


Katahdin Bankshares Cyclically Adjusted Book per Share Related Terms

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


Katahdin Bankshares (Katahdin Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
20 Katahdin Lane, P.O. Box 36, Houlton, ME, USA, 04730
Katahdin Bankshares Corp is a part of the financial services sector. It is a state-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Its primary business is to lend funds and accept deposits from consumers and small businesses in Aroostook and the Portland area. The Bank has full-service branches throughout northern Maine and the greater Bangor and Portland regions. Its key services include personal banking, business banking, and investments.

Katahdin Bankshares (Katahdin Bankshares) Headlines

From GuruFocus

Katahdin Bankshares Corp. Announces Dividend

By PRNewswire PRNewswire 06-04-2022

Katahdin Bankshares Corp. Announces Dividend

By PRNewswire PRNewswire 07-14-2022

Katahdin Bankshares Corp. Announces Dividend

By PRNewswire PRNewswire 05-26-2021

Katahdin Bankshares Reports Fourth Quarter Results

By PRNewswire PRNewswire 01-31-2022

Katahdin Bankshares Corp. Announces Dividend

By PRNewswire PRNewswire 06-14-2022

Katahdin Bankshares Corp. Reports First Quarter Results

By PRNewswire PRNewswire 04-19-2022

Katahdin Bankshares Corp. Announces Dividend

By PRNewswire PRNewswire 02-23-2022

Katahdin Bankshares Corp. Reports Second Quarter Results

By PRNewswire PRNewswire 07-26-2021