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Bank Bradesco (Bank Bradesco) Cyclically Adjusted PB Ratio : 1.02 (As of May. 28, 2024)


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What is Bank Bradesco Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Bank Bradesco's current share price is $2.51. Bank Bradesco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.47. Bank Bradesco's Cyclically Adjusted PB Ratio for today is 1.02.

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

BBD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.48   Max: 2.34
Current: 1.06

During the past years, Bank Bradesco's highest Cyclically Adjusted PB Ratio was 2.34. The lowest was 1.06. And the median was 1.48.

BBD's Cyclically Adjusted PB Ratio is ranked worse than
60.52% of 1193 companies
in the Banks industry
Industry Median: 0.92 vs BBD: 1.06

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.

Bank Bradesco's adjusted book value per share data for the three months ended in Mar. 2024 was $3.136. 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 $2.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Bradesco Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank Bradesco'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.

Bank Bradesco Cyclically Adjusted PB Ratio Chart

Bank Bradesco 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 4.48 3.25 2.02 1.51 1.44

Bank Bradesco Quarterly Data
Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 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 1.26 1.50 1.25 1.44 1.16

Competitive Comparison of Bank Bradesco's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Bank Bradesco'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.


Bank Bradesco's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Bank Bradesco 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.

Bank Bradesco's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.51/2.47
=1.02

* 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.

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

For example, Bank Bradesco'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)
=3.136/159.3724*159.3724
=3.136

Current CPI (Mar. 2024) = 159.3724.

Bank Bradesco Quarterly Data

Book Value per Share CPI Adj_Book
200503 0.610 56.654 1.716
200506 0.717 57.416 1.990
200509 0.799 57.859 2.201
200512 0.852 58.824 2.308
200603 0.957 59.670 2.556
200606 0.962 59.729 2.567
200609 1.014 59.998 2.693
200612 1.206 60.672 3.168
200703 1.221 61.434 3.168
200706 1.397 61.933 3.595
200709 1.489 62.486 3.798
200712 1.284 63.377 3.229
200803 1.844 64.339 4.568
200806 1.998 65.686 4.848
200812 1.019 67.118 2.420
200912 1.742 70.012 3.965
201012 2.845 74.149 6.115
201112 2.994 78.971 6.042
201212 3.188 83.581 6.079
201312 2.854 88.522 5.138
201412 2.899 94.194 4.905
201512 2.188 104.247 3.345
201612 2.937 110.802 4.224
201712 3.333 114.068 4.657
201812 2.993 118.340 4.031
201912 3.079 123.436 3.975
202012 2.648 129.012 3.271
202103 0.000 131.660 0.000
202106 0.000 133.871 0.000
202109 0.000 137.913 0.000
202112 2.485 141.992 2.789
202203 2.899 146.537 3.153
202206 2.916 149.784 3.103
202209 2.887 147.800 3.113
202212 2.858 150.207 3.032
202303 2.936 153.352 3.051
202306 3.227 154.519 3.328
202309 3.163 155.464 3.243
202312 3.190 157.148 3.235
202403 3.136 159.372 3.136

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.


Bank Bradesco  (NYSE:BBD) 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.


Bank Bradesco Cyclically Adjusted PB Ratio Related Terms

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


Bank Bradesco (Bank Bradesco) Business Description

Industry
Address
Cidade de Deus S/N, Vila Yara, Osasco, SP, BRA, 06029?900
Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.

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