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Ameris Bancorp (Ameris Bancorp) Cyclically Adjusted PB Ratio : 1.40 (As of May. 19, 2024)


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What is Ameris Bancorp Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Ameris Bancorp's current share price is $50.45. Ameris Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $35.96. Ameris Bancorp's Cyclically Adjusted PB Ratio for today is 1.40.

The historical rank and industry rank for Ameris Bancorp's Cyclically Adjusted PB Ratio or its related term are showing as below:

ABCB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 2.06   Max: 4.03
Current: 1.4

During the past years, Ameris Bancorp's highest Cyclically Adjusted PB Ratio was 4.03. The lowest was 0.92. And the median was 2.06.

ABCB's Cyclically Adjusted PB Ratio is ranked worse than
76.09% of 1188 companies
in the Banks industry
Industry Median: 0.93 vs ABCB: 1.40

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.

Ameris Bancorp's adjusted book value per share data for the three months ended in Mar. 2024 was $50.419. 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 $35.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ameris Bancorp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ameris Bancorp's Cyclically Adjusted PB Ratio 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.

Ameris Bancorp Cyclically Adjusted PB Ratio Chart

Ameris Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.35 1.83 1.96 1.57 1.54

Ameris Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 1.16 1.05 1.14 1.54 1.35

Competitive Comparison of Ameris Bancorp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Ameris Bancorp'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.


Ameris Bancorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Ameris Bancorp Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ameris Bancorp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.45/35.96
=1.40

* 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.

Ameris Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ameris Bancorp'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)
=50.419/131.7762*131.7762
=50.419

Current CPI (Mar. 2024) = 131.7762.

Ameris Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.827 100.560 16.809
201409 13.215 100.428 17.340
201412 13.671 99.070 18.184
201503 15.219 99.621 20.131
201506 15.106 100.684 19.771
201509 15.601 100.392 20.478
201512 15.981 99.792 21.103
201603 17.247 100.470 22.621
201606 17.962 101.688 23.277
201609 18.417 101.861 23.826
201612 18.511 101.863 23.947
201703 20.421 102.862 26.161
201706 21.027 103.349 26.811
201709 21.539 104.136 27.256
201712 21.591 104.011 27.355
201803 22.672 105.290 28.375
201806 28.871 106.317 35.785
201809 29.580 106.507 36.598
201812 30.660 105.998 38.116
201903 31.430 107.251 38.617
201906 32.524 108.070 39.659
201909 34.784 108.329 42.313
201912 35.532 108.420 43.186
202003 35.097 108.902 42.469
202006 35.417 108.767 42.909
202009 36.907 109.815 44.288
202012 38.065 109.897 45.643
202103 39.556 111.754 46.643
202106 40.664 114.631 46.746
202109 41.657 115.734 47.431
202112 42.616 117.630 47.741
202203 43.306 121.301 47.046
202206 44.310 125.017 46.706
202209 44.974 125.227 47.326
202212 46.093 125.222 48.506
202303 46.894 127.348 48.525
202306 47.507 128.729 48.632
202309 48.411 129.860 49.126
202312 49.625 129.419 50.529
202403 50.419 131.776 50.419

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


Ameris Bancorp  (NAS:ABCB) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ameris Bancorp Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ameris Bancorp's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ameris Bancorp (Ameris Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
3490 Piedmont Road N.E., Suite 1550, Atlanta, GA, USA, 30305
Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking division. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.
Executives
William Millard Choate director 3490 PIEDMONT ROAD, SUITE 1550, ATLANTA GA 30305
William D Mckendry officer: EVP & CRO PO BOX 3668, MOULTRIE GA 31776
James A Lahaise officer: Corporate Banking Executive C/O FLAG FINANCIAL CORPORATION, 3475 PIEDMONT ROAD, NE, ATLANTA GA 30305
Nicole S Stokes officer: EVP & Chief Financial Officer 3250 NORTH VALDOSTA ROAD, VALDOSTA GA 31602
Proctor H Palmer Jr director, officer: President & CEO
Bowen William I. Jr. director P.O. BOX 3668, MOULTRIE GA 31776
Jimmy D Veal director P.O. BOX 3668, MOULTRIE GA 31776
Jon S Edwards officer: EVP/CCO P.O. BOX 3668, MOULTRIE GA 31776
Elizabeth A Mccague director P.O. BOX 3668, MOULTRIE GA 31776
Ronal Todd Shutley officer: EVP, Chief Specialty Banking O P.O. BOX 3668, MOULTRIE GA 31776
Robert P Lynch director P.O. BOX 3668, MOULTRIE GA 31776
Michael T Pierson officer: EVP & Chief Operations Officer 3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Ross L Creasy officer: EVP & Chief Innovation Officer 3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Robert Dale Ezzell director P.O. BOX 3668, MOULTRIE GA 31776
Bassett Lawton E Iii officer: Banking Group President PO BOX 3668, MOULTRIE GA 31776