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Standard Chartered (Standard Chartered) Cyclically Adjusted Book per Share : $37.37 (As of Mar. 2024)


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What is Standard Chartered 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.

Standard Chartered's adjusted book value per share for the three months ended in Mar. 2024 was $39.014. 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 $37.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Standard Chartered's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% 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 Standard Chartered was 12.10% per year. The lowest was 11.00% per year. And the median was 11.55% per year.

As of today (2024-06-07), Standard Chartered's current stock price is $19.308. Standard Chartered's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $37.37. Standard Chartered's Cyclically Adjusted PB Ratio of today is 0.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Standard Chartered was 0.78. The lowest was 0.34. And the median was 0.47.


Standard Chartered Cyclically Adjusted Book per Share Historical Data

The historical data trend for Standard Chartered'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.

Standard Chartered Cyclically Adjusted Book per Share Chart

Standard Chartered 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 25.99 27.92 31.16 31.69 36.32

Standard Chartered 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 33.26 35.37 34.48 36.32 37.37

Competitive Comparison of Standard Chartered's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, Standard Chartered'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.


Standard Chartered's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Standard Chartered 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, Standard Chartered'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)
=39.014/131.6000*131.6000
=39.014

Current CPI (Mar. 2024) = 131.6000.

Standard Chartered Quarterly Data

Book Value per Share CPI Adj_Book
200912 24.760 88.900 36.653
201006 26.060 90.200 38.021
201012 30.980 91.700 44.460
201106 32.752 93.500 46.098
201112 32.509 95.000 45.034
201206 33.661 95.600 46.337
201212 35.786 97.300 48.401
201306 35.164 98.000 47.220
201312 36.273 99.200 48.120
201406 37.207 99.800 49.063
201412 35.741 99.900 47.082
201506 36.672 100.100 48.212
201512 29.403 100.400 38.540
201606 29.547 101.000 38.499
201612 29.438 102.200 37.906
201706 31.028 103.500 39.452
201712 31.229 105.000 39.140
201806 30.967 105.900 38.482
201812 30.278 107.100 37.204
201903 0.000 107.000 0.000
201906 30.711 107.900 37.457
201909 0.000 108.400 0.000
201912 31.507 108.500 38.215
202003 31.584 108.600 38.273
202006 31.417 108.800 38.001
202009 30.973 109.200 37.326
202012 31.942 109.400 38.424
202103 33.294 109.700 39.941
202106 33.670 111.400 39.775
202109 33.415 112.400 39.123
202112 34.197 114.700 39.236
202203 33.372 116.500 37.697
202206 33.489 120.500 36.574
202209 34.434 122.300 37.052
202212 34.644 125.300 36.386
202303 35.341 126.800 36.679
202306 35.562 129.400 36.167
202309 35.572 130.100 35.982
202312 37.890 130.500 38.209
202403 39.014 131.600 39.014

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


Standard Chartered  (OTCPK:SCBFY) 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.

Standard Chartered's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.308/37.37
=0.52

* 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 Standard Chartered was 0.78. The lowest was 0.34. And the median was 0.47.


Be Aware

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


Standard Chartered Cyclically Adjusted Book per Share Related Terms

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


Standard Chartered (Standard Chartered) Business Description

Industry
Address
1 Basinghall Avenue, London, GBR, EC2V 5DD
Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with the holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the U.K. and provides banking services across 60 countries, primarily in Asia, Africa, the Middle East, and the United Kingdom. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank has also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets.

Standard Chartered (Standard Chartered) Headlines

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