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East West Banking (PHS:EW) Cyclically Adjusted Book per Share : ₱24.17 (As of Mar. 2024)


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What is East West Banking 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.

East West Banking's adjusted book value per share for the three months ended in Mar. 2024 was ₱30.533. 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 ₱24.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, East West Banking's average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.70% 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 East West Banking was 13.70% per year. The lowest was 13.70% per year. And the median was 13.70% per year.

As of today (2024-06-09), East West Banking's current stock price is ₱9.50. East West Banking's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱24.17. East West Banking's Cyclically Adjusted PB Ratio of today is 0.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of East West Banking was 0.75. The lowest was 0.28. And the median was 0.41.


East West Banking Cyclically Adjusted Book per Share Historical Data

The historical data trend for East West Banking'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.

East West Banking Cyclically Adjusted Book per Share Chart

East West Banking 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 - 15.89 18.49 21.17 23.36

East West Banking 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 21.89 22.49 23.05 23.36 24.17

Competitive Comparison of East West Banking's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, East West Banking'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.


East West Banking's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where East West Banking's Cyclically Adjusted PB Ratio falls into.



East West Banking 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, East West Banking'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)
=30.533/131.7762*131.7762
=30.533

Current CPI (Mar. 2024) = 131.7762.

East West Banking Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.719 100.560 15.357
201409 12.034 100.428 15.790
201412 12.308 99.070 16.371
201503 12.630 99.621 16.707
201506 13.475 100.684 17.636
201509 13.594 100.392 17.844
201512 13.957 99.792 18.430
201603 14.296 100.470 18.751
201606 14.456 101.688 18.733
201609 14.814 101.861 19.165
201612 15.311 101.863 19.807
201703 15.812 102.862 20.257
201706 16.163 103.349 20.609
201709 16.706 104.136 21.140
201712 17.336 104.011 21.964
201803 17.730 105.290 22.190
201806 18.266 106.317 22.640
201809 18.496 106.507 22.884
201812 18.959 105.998 23.570
201903 19.528 107.251 23.994
201906 20.253 108.070 24.696
201909 21.032 108.329 25.584
201912 21.808 108.420 26.506
202003 22.743 108.902 27.520
202006 23.933 108.767 28.996
202009 24.521 109.815 29.425
202012 24.659 109.897 29.568
202103 25.419 111.754 29.973
202106 26.221 114.631 30.143
202109 26.451 115.734 30.117
202112 26.378 117.630 29.550
202203 26.327 121.301 28.601
202206 26.036 125.017 27.444
202209 26.529 125.227 27.917
202212 27.127 125.222 28.547
202303 28.025 127.348 29.000
202306 28.414 128.729 29.087
202309 28.841 129.860 29.267
202312 29.856 129.419 30.400
202403 30.533 131.776 30.533

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


East West Banking  (PHS:EW) 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.

East West Banking's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.50/24.17
=0.39

* 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 East West Banking was 0.75. The lowest was 0.28. And the median was 0.41.


Be Aware

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


East West Banking Cyclically Adjusted Book per Share Related Terms

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


East West Banking (PHS:EW) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5th Avenue Corner, 23rd Street, The Beaufort, Fort Bonifacio Global City, Taguig, PHL, 1634
East West Banking Corporation is a commercial bank providing financial services in the Philippines. The bank generates all revenue domestically. The bank operates through four segments: The retail banking segment offers traditional branch banking products and services such as deposits, back-to-back/emerging market loans, and other over-the-counter (OTC) transactions, The corporate banking segment handles lending and trade financing for both large corporations and middle-market clients, The consumer banking segment caters to loans for individuals, and Treasury and Trust segment consists of Treasury and Trust operations of the Group. The company derives the majority of its revenue from the consumer banking segment.