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BPER Banca SpA (MIL:BPE) Cyclically Adjusted PB Ratio : 0.69 (As of May. 15, 2024)


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What is BPER Banca SpA Cyclically Adjusted PB Ratio?

As of today (2024-05-15), BPER Banca SpA's current share price is €4.996. BPER Banca SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.25. BPER Banca SpA's Cyclically Adjusted PB Ratio for today is 0.69.

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

MIL:BPE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.3   Max: 0.69
Current: 0.69

During the past years, BPER Banca SpA's highest Cyclically Adjusted PB Ratio was 0.69. The lowest was 0.14. And the median was 0.30.

MIL:BPE's Cyclically Adjusted PB Ratio is ranked better than
72.49% of 1185 companies
in the Banks industry
Industry Median: 0.93 vs MIL:BPE: 0.69

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.

BPER Banca SpA's adjusted book value per share data for the three months ended in Mar. 2024 was €7.300. 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 €7.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BPER Banca SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BPER Banca SpA'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.

BPER Banca SpA Cyclically Adjusted PB Ratio Chart

BPER Banca SpA 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 0.41 0.21 0.26 0.25 0.41

BPER Banca SpA 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 0.31 0.37 0.39 0.41 0.60

Competitive Comparison of BPER Banca SpA's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, BPER Banca SpA'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.


BPER Banca SpA's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where BPER Banca SpA's Cyclically Adjusted PB Ratio falls into.



BPER Banca SpA 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.

BPER Banca SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.996/7.25
=0.69

* 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.

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

For example, BPER Banca SpA'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)
=7.3/119.5000*119.5000
=7.300

Current CPI (Mar. 2024) = 119.5000.

BPER Banca SpA Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.303 100.093 9.913
201409 6.869 99.814 8.224
201412 6.856 99.721 8.216
201503 6.996 99.814 8.376
201506 7.088 100.279 8.447
201509 7.168 100.000 8.566
201512 7.073 99.814 8.468
201603 7.139 99.600 8.565
201606 7.020 99.900 8.397
201609 7.094 100.100 8.469
201612 6.871 100.300 8.186
201703 6.847 101.000 8.101
201706 7.005 101.100 8.280
201709 7.077 101.200 8.357
201712 7.128 101.200 8.417
201803 6.110 101.800 7.172
201806 6.002 102.400 7.004
201809 6.168 102.600 7.184
201812 6.178 102.300 7.217
201903 6.266 102.800 7.284
201906 6.255 103.100 7.250
201909 6.924 102.900 8.041
201912 6.714 102.800 7.805
202003 6.569 102.900 7.629
202006 6.192 102.900 7.191
202009 6.901 102.300 8.061
202012 4.389 102.600 5.112
202103 4.734 103.700 5.455
202106 4.762 104.200 5.461
202109 4.815 104.900 5.485
202112 4.745 106.600 5.319
202203 4.775 110.400 5.169
202206 5.564 112.500 5.910
202209 5.563 114.200 5.821
202212 5.615 119.000 5.639
202303 5.840 118.800 5.874
202306 6.000 119.700 5.990
202309 6.264 120.300 6.222
202312 6.618 119.500 6.618
202403 7.300 119.500 7.300

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.


BPER Banca SpA  (MIL:BPE) 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.


BPER Banca SpA Cyclically Adjusted PB Ratio Related Terms

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


BPER Banca SpA (MIL:BPE) Business Description

Industry
Traded in Other Exchanges
Address
Via San Carlo 8/20, Modena, ITA, 41121
BPER Banca SpA is a banking group consisting of four Italian regional commercial banks that merged on the initiative of BPER Banca. The banks are involved in a number of market segments, including retail banking, corporate and investment banking, and wealth management and insurance. In addition to the banks, the Group includes product companies, including asset management, personal loans, leasing, and factoring operations, and special purpose vehicles. Its strategy emphasizes customer service and cooperative banking. BPER group's customer base overwhelming derives from retail banking, mostly from individuals with some business deposits. Its loan base, however, is principally the group's corporate customers.

BPER Banca SpA (MIL:BPE) Headlines

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