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Komercni Banka AS (XPRA:KOMB) Cyclically Adjusted Book per Share : Kč685.90 (As of Mar. 2024)


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What is Komercni Banka AS 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.

Komercni Banka AS's adjusted book value per share for the three months ended in Mar. 2024 was Kč676.521. 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 Kč685.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Komercni Banka AS's average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.40% 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 Komercni Banka AS was 7.20% per year. The lowest was 6.40% per year. And the median was 6.80% per year.

As of today (2024-06-02), Komercni Banka AS's current stock price is Kč778.00. Komercni Banka AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Kč685.90. Komercni Banka AS's Cyclically Adjusted PB Ratio of today is 1.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Komercni Banka AS was 1.62. The lowest was 0.85. And the median was 1.14.


Komercni Banka AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Komercni Banka AS'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.

Komercni Banka AS Cyclically Adjusted Book per Share Chart

Komercni Banka AS 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 529.21 559.60 609.18 651.66 674.04

Komercni Banka AS 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 662.26 669.93 676.10 674.04 685.90

Competitive Comparison of Komercni Banka AS's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Komercni Banka AS'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.


Komercni Banka AS's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Komercni Banka AS's Cyclically Adjusted PB Ratio falls into.



Komercni Banka AS 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, Komercni Banka AS'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)
=676.521/131.7762*131.7762
=676.521

Current CPI (Mar. 2024) = 131.7762.

Komercni Banka AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 515.626 100.560 675.692
201409 535.334 100.428 702.438
201412 563.196 99.070 749.127
201503 577.220 99.621 763.532
201506 500.842 100.684 655.508
201509 530.796 100.392 696.735
201512 542.281 99.792 716.084
201603 565.309 100.470 741.455
201606 524.220 101.688 679.329
201609 543.054 101.861 702.542
201612 537.817 101.863 695.755
201703 544.870 102.862 698.030
201706 507.360 103.349 646.914
201709 504.988 104.136 639.026
201712 500.116 104.011 633.619
201803 514.964 105.290 644.509
201806 486.529 106.317 603.037
201809 509.822 106.507 630.781
201812 529.139 105.998 657.824
201903 546.400 107.251 671.349
201906 517.807 108.070 631.396
201909 538.368 108.329 654.892
201912 558.838 108.420 679.224
202003 567.279 108.902 686.436
202006 580.686 108.767 703.526
202009 590.588 109.815 708.697
202012 602.660 109.897 722.644
202103 613.626 111.754 723.563
202106 632.747 114.631 727.384
202109 655.531 115.734 746.394
202112 653.985 117.630 732.636
202203 668.673 121.301 726.418
202206 646.794 125.017 681.765
202209 667.927 125.227 702.861
202212 643.051 125.222 676.710
202303 661.954 127.348 684.973
202306 622.956 128.729 637.704
202309 645.338 129.860 654.863
202312 662.187 129.419 674.246
202403 676.521 131.776 676.521

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


Komercni Banka AS  (XPRA:KOMB) 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.

Komercni Banka AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=778.00/685.9
=1.13

* 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 Komercni Banka AS was 1.62. The lowest was 0.85. And the median was 1.14.


Be Aware

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


Komercni Banka AS Cyclically Adjusted Book per Share Related Terms

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


Komercni Banka AS (XPRA:KOMB) Business Description

Industry
Traded in Other Exchanges
Address
Na Prikope 33/969, P.O. BOX 839, Prague 1, CZE, 114 07
Komercni Banka AS is a universal bank providing a wide range of retail, corporate, and investment banking activities. These activities are complemented by specialized financial services provided by its subsidiaries. The bank operates primarily in the Czech Republic, as well as providing some services to corporate clients in Slovakia. The bank's strategy emphasizes long-term client relationships and creating solutions based on client feedback. Most of the bank's net revenue is net interest income primarily from loans and advances to customers. The bank's loan portfolio is tilted toward the real estate, wholesale, and transportation industries, as well as public administration.

Komercni Banka AS (XPRA:KOMB) Headlines

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