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Bank Bradesco (BSP:BBDC3) Cyclically Adjusted PB Ratio : 1.10 (As of May. 14, 2024)


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What is Bank Bradesco Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Bank Bradesco's current share price is R$11.92. Bank Bradesco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$10.82. Bank Bradesco's Cyclically Adjusted PB Ratio for today is 1.10.

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

BSP:BBDC3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.48   Max: 2.34
Current: 1.1

During the past years, Bank Bradesco's highest Cyclically Adjusted PB Ratio was 2.34. The lowest was 1.10. And the median was 1.48.

BSP:BBDC3's Cyclically Adjusted PB Ratio is ranked worse than
61.99% of 1184 companies
in the Banks industry
Industry Median: 0.935 vs BSP:BBDC3: 1.10

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 R$15.619. 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 R$10.82 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 1.45

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 1.45 1.18

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
=11.92/10.82
=1.10

* 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)
=15.619/156.2729*156.2729
=15.619

Current CPI (Mar. 2024) = 156.2729.

Bank Bradesco Quarterly Data

Book Value per Share CPI Adj_Book
200503 1.652 56.654 4.557
200506 1.731 57.416 4.711
200509 1.833 57.859 4.951
200512 1.944 58.824 5.164
200603 2.060 59.670 5.395
200606 2.164 59.729 5.662
200609 2.197 59.998 5.722
200612 2.589 60.672 6.668
200703 2.549 61.434 6.484
200706 2.699 61.933 6.810
200709 2.832 62.486 7.083
200712 2.293 63.377 5.654
200803 3.152 64.339 7.656
200806 3.232 65.686 7.689
200812 2.440 67.118 5.681
200912 3.051 70.012 6.810
201012 4.824 74.149 10.167
201112 5.506 78.971 10.896
201212 6.624 83.581 12.385
201312 6.698 88.522 11.824
201412 7.658 94.194 12.705
201512 8.491 104.247 12.729
201612 9.850 110.802 13.892
201712 10.982 114.068 15.045
201812 11.624 118.340 15.350
201912 12.637 123.436 15.999
202012 13.621 129.012 16.499
202103 0.000 131.660 0.000
202106 0.000 133.871 0.000
202109 0.000 137.913 0.000
202112 14.052 141.992 15.465
202203 14.428 146.537 15.387
202206 14.718 149.784 15.356
202209 15.139 147.800 16.007
202212 14.991 150.207 15.596
202303 15.292 153.352 15.583
202306 15.665 154.519 15.843
202309 15.620 155.464 15.701
202312 15.629 156.273 15.629
202403 15.619 156.273 15.619

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  (BSP:BBDC3) 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 (BSP:BBDC3) Business Description

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.

Bank Bradesco (BSP:BBDC3) Headlines

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