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PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Cyclically Adjusted PB Ratio : 1.41 (As of May. 31, 2024)


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What is PT Bank Negara Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio?

As of today (2024-05-31), PT Bank Negara Indonesia (Persero) Tbk's current share price is Rp4490.00. PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp3,174.91. PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 1.41.

The historical rank and industry rank for PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:BBNI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.57   Max: 2.34
Current: 1.5

During the past years, PT Bank Negara Indonesia (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 2.34. The lowest was 0.77. And the median was 1.57.

ISX:BBNI's Cyclically Adjusted PB Ratio is ranked worse than
79.68% of 1196 companies
in the Banks industry
Industry Median: 0.91 vs ISX:BBNI: 1.50

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.

PT Bank Negara Indonesia (Persero) Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp3,895.163. 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 Rp3,174.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank Negara Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Bank Negara Indonesia (Persero) Tbk'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.

PT Bank Negara Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Bank Negara Indonesia (Persero) Tbk 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 1.86 1.32 1.36 1.64 1.74

PT Bank Negara Indonesia (Persero) Tbk 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 1.62 1.55 1.71 1.74 1.86

Competitive Comparison of PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, PT Bank Negara Indonesia (Persero) Tbk'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.


PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio falls into.



PT Bank Negara Indonesia (Persero) Tbk 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.

PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4490.00/3174.91
=1.41

* 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.

PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PT Bank Negara Indonesia (Persero) Tbk'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)
=3895.163/130.6070*130.6070
=3,895.163

Current CPI (Mar. 2024) = 130.6070.

PT Bank Negara Indonesia (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,437.217 93.015 2,018.072
201409 1,499.202 94.576 2,070.359
201412 1,583.808 98.819 2,093.277
201503 1,606.269 98.388 2,132.281
201506 1,584.420 99.766 2,074.215
201509 1,653.396 101.037 2,137.296
201512 2,065.425 102.133 2,641.257
201603 2,113.861 102.764 2,686.596
201606 2,173.417 103.212 2,750.287
201609 2,275.129 104.142 2,853.283
201612 2,336.827 105.222 2,900.594
201703 2,342.176 106.476 2,872.994
201706 2,437.292 107.722 2,955.096
201709 2,549.387 108.020 3,082.453
201712 2,643.416 109.017 3,166.928
201803 2,594.829 110.097 3,078.234
201806 2,629.326 111.085 3,091.410
201809 2,729.934 111.135 3,208.261
201812 2,897.713 112.430 3,366.201
201903 3,042.094 112.829 3,521.440
201906 3,063.869 114.730 3,487.859
201909 3,185.341 114.905 3,620.637
201912 3,284.838 115.486 3,714.937
202003 2,914.694 116.252 3,274.597
202006 2,948.949 116.630 3,302.358
202009 2,966.414 116.397 3,328.572
202012 2,960.652 117.318 3,296.012
202103 3,093.662 117.840 3,428.841
202106 3,126.805 118.184 3,455.484
202109 3,213.717 118.262 3,549.196
202112 3,322.023 119.516 3,630.301
202203 3,378.302 120.948 3,648.090
202206 3,384.770 123.322 3,584.707
202209 3,483.130 125.298 3,630.702
202212 3,646.265 126.098 3,776.657
202303 3,772.671 126.953 3,881.272
202306 3,726.862 127.663 3,812.809
202309 3,832.364 128.151 3,905.799
202312 4,034.012 129.395 4,071.807
202403 3,895.163 130.607 3,895.163

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.


PT Bank Negara Indonesia (Persero) Tbk  (ISX:BBNI) 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.


PT Bank Negara Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms

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PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Sudirman Kav. 1, Gedung Grha BNI, Jakarta Pusat, Jakarta, IDN, 10220
PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. BNI's main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its business divisions include Corporate and International Banking; Institutional Banking; Enterprises and Commercial Banking; Consumer Banking and Treasury.

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