GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Agribank Securities JSC (STC:AGR) » Definitions » Cyclically Adjusted Book per Share

Agribank Securities JSC (STC:AGR) Cyclically Adjusted Book per Share : ₫11,716.10 (As of Mar. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Agribank Securities JSC 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.

Agribank Securities JSC's adjusted book value per share for the three months ended in Mar. 2024 was ₫11,748.625. 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 ₫11,716.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Agribank Securities JSC's average Cyclically Adjusted Book Growth Rate was 1.50% 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.

As of today (2024-06-02), Agribank Securities JSC's current stock price is ₫21300.00. Agribank Securities JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₫11,716.10. Agribank Securities JSC's Cyclically Adjusted PB Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Agribank Securities JSC was 2.41. The lowest was 0.57. And the median was 1.34.


Agribank Securities JSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Agribank Securities JSC'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.

Agribank Securities JSC Cyclically Adjusted Book per Share Chart

Agribank Securities JSC 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 - - 10,736.60 11,337.20 11,563.50

Agribank Securities JSC 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 11,541.00 11,609.90 11,654.70 11,563.50 11,716.10

Competitive Comparison of Agribank Securities JSC's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Agribank Securities JSC'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.


Agribank Securities JSC's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Agribank Securities JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Agribank Securities JSC's Cyclically Adjusted PB Ratio falls into.



Agribank Securities JSC 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, Agribank Securities JSC'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)
=11748.625/131.7762*131.7762
=11,748.625

Current CPI (Mar. 2024) = 131.7762.

Agribank Securities JSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 10,482.808 100.560 13,736.988
201409 10,459.846 100.428 13,724.873
201412 10,452.095 99.070 13,902.711
201503 10,568.677 99.621 13,979.971
201506 10,475.435 100.684 13,710.365
201509 10,265.160 100.392 13,474.286
201512 9,572.348 99.792 12,640.318
201603 9,051.141 100.470 11,871.407
201606 8,807.636 101.688 11,413.693
201609 7,575.663 101.861 9,800.533
201612 7,681.574 101.863 9,937.383
201703 7,995.330 102.862 10,242.773
201706 8,214.820 103.349 10,474.380
201709 8,212.826 104.136 10,392.748
201712 8,219.935 104.011 10,414.194
201803 8,250.642 105.290 10,326.179
201806 8,302.654 106.317 10,290.868
201809 8,595.121 106.507 10,634.377
201812 8,716.544 105.998 10,836.375
201903 9,000.484 107.251 11,058.686
201906 9,534.989 108.070 11,626.635
201909 9,300.125 108.329 11,313.043
201912 9,166.126 108.420 11,140.713
202003 8,990.047 108.902 10,878.401
202006 9,282.770 108.767 11,246.470
202009 9,503.755 109.815 11,404.361
202012 9,770.713 109.897 11,715.968
202103 9,620.546 111.754 11,344.153
202106 10,012.924 114.631 11,510.503
202109 10,897.098 115.734 12,407.542
202112 11,422.347 117.630 12,796.054
202203 11,644.568 121.301 12,650.159
202206 11,431.504 125.017 12,049.582
202209 11,613.328 125.227 12,220.738
202212 11,779.346 125.222 12,395.904
202303 11,981.565 127.348 12,398.213
202306 11,301.533 128.729 11,569.083
202309 11,402.271 129.860 11,570.566
202312 11,582.374 129.419 11,793.296
202403 11,748.625 131.776 11,748.625

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


Agribank Securities JSC  (STC:AGR) 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.

Agribank Securities JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21300.00/11716.1
=1.82

* 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 Agribank Securities JSC was 2.41. The lowest was 0.57. And the median was 1.34.


Be Aware

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


Agribank Securities JSC Cyclically Adjusted Book per Share Related Terms

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


Agribank Securities JSC (STC:AGR) Business Description

Traded in Other Exchanges
N/A
Address
5th Floor, ARTEX Building, 172 Ngoc Khanh, Ba Dinh District, Hanoi, VNM
Agribank Securities JSC operates as a securities services company in Vietnam. It business line include securities and stock brokerage, securities investment and corporate finance consultancy, and securities placement and registration services.