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O-Bank Co (TPE:2897) Cyclically Adjusted Book per Share : NT$14.64 (As of Mar. 2024)


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What is O-Bank Co 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.

O-Bank Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$14.212. 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 NT$14.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, O-Bank Co's average Cyclically Adjusted Book Growth Rate was 2.70% 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.

As of today (2024-06-10), O-Bank Co's current stock price is NT$10.75. O-Bank Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$14.64. O-Bank Co's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of O-Bank Co was 0.77. The lowest was 0.56. And the median was 0.66.


O-Bank Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for O-Bank Co'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.

O-Bank Co Cyclically Adjusted Book per Share Chart

O-Bank Co 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 - - 13.49 14.07 14.39

O-Bank Co 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 14.26 14.38 14.47 14.39 14.64

Competitive Comparison of O-Bank Co's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, O-Bank Co'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.


O-Bank Co's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, O-Bank Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where O-Bank Co's Cyclically Adjusted PB Ratio falls into.



O-Bank Co 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, O-Bank Co'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)
=14.212/131.7762*131.7762
=14.212

Current CPI (Mar. 2024) = 131.7762.

O-Bank Co Quarterly Data

Book Value per Share CPI Adj_Book
201306 10.957 98.518 14.656
201312 11.182 98.326 14.986
201406 11.552 100.560 15.138
201412 11.989 99.070 15.947
201506 11.945 100.684 15.634
201509 0.000 100.392 0.000
201512 12.385 99.792 16.354
201603 0.000 100.470 0.000
201606 12.262 101.688 15.890
201609 12.357 101.861 15.986
201612 12.249 101.863 15.846
201703 12.333 102.862 15.800
201706 12.087 103.349 15.412
201709 12.101 104.136 15.313
201712 12.091 104.011 15.319
201803 11.982 105.290 14.996
201806 11.909 106.317 14.761
201809 11.974 106.507 14.815
201812 11.970 105.998 14.881
201903 12.354 107.251 15.179
201906 12.480 108.070 15.218
201909 12.559 108.329 15.277
201912 12.494 108.420 15.185
202003 12.248 108.902 14.821
202006 12.238 108.767 14.827
202009 12.462 109.815 14.954
202012 11.937 109.897 14.314
202103 12.133 111.754 14.307
202106 12.008 114.631 13.804
202109 12.077 115.734 13.751
202112 12.240 117.630 13.712
202203 12.084 121.301 13.128
202206 11.310 125.017 11.922
202209 11.444 125.227 12.043
202212 12.716 125.222 13.382
202303 13.181 127.348 13.639
202306 13.063 128.729 13.372
202309 13.367 129.860 13.564
202312 13.662 129.419 13.911
202403 14.212 131.776 14.212

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


O-Bank Co  (TPE:2897) 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.

O-Bank Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.75/14.64
=0.73

* 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 O-Bank Co was 0.77. The lowest was 0.56. And the median was 0.66.


Be Aware

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


O-Bank Co Cyclically Adjusted Book per Share Related Terms

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


O-Bank Co (TPE:2897) Business Description

Industry
Traded in Other Exchanges
Address
No.99, Sec.2, Tiding Boulevard, Neihu District, Taipei, TWN, 114
O-Bank Co Ltd is a banking company. The bank's financial services include banking, trade finance, financial market, securitization, and trusts. Its Products include medium and long-term loans, syndicated loans, cash management, factoring business, trade finance, interest rate and exchange rate structured products, trusts, and securitization. Retail banking services include loans and deposits, investment management, and mobile banking services including opening accounts and transacting online.

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