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KBC Groupe NV (XBRU:KBC) Cyclically Adjusted PB Ratio : 1.25 (As of May. 14, 2024)


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What is KBC Groupe NV Cyclically Adjusted PB Ratio?

As of today (2024-05-14), KBC Groupe NV's current share price is €68.64. KBC Groupe NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €54.88. KBC Groupe NV's Cyclically Adjusted PB Ratio for today is 1.25.

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

XBRU:KBC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.28   Max: 1.79
Current: 1.3

During the past years, KBC Groupe NV's highest Cyclically Adjusted PB Ratio was 1.79. The lowest was 0.88. And the median was 1.28.

XBRU:KBC's Cyclically Adjusted PB Ratio is ranked worse than
72.21% of 1184 companies
in the Banks industry
Industry Median: 0.935 vs XBRU:KBC: 1.30

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.

KBC Groupe NV's adjusted book value per share data for the three months ended in Dec. 2023 was €59.390. 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 €54.88 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


KBC Groupe NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KBC Groupe NV'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.

KBC Groupe NV Cyclically Adjusted PB Ratio Chart

KBC Groupe NV 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 1.41 1.23 1.55 1.13 1.07

KBC Groupe NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.13 1.19 1.20 1.10 1.07

Competitive Comparison of KBC Groupe NV's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, KBC Groupe NV'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.


KBC Groupe NV's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where KBC Groupe NV's Cyclically Adjusted PB Ratio falls into.



KBC Groupe NV 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.

KBC Groupe NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.64/54.88
=1.25

* 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.

KBC Groupe NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, KBC Groupe NV's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=59.39/128.2922*128.2922
=59.390

Current CPI (Dec. 2023) = 128.2922.

KBC Groupe NV Quarterly Data

Book Value per Share CPI Adj_Book
201403 36.822 99.819 47.325
201406 37.663 99.482 48.570
201409 38.911 99.195 50.325
201412 39.552 99.086 51.210
201503 41.474 99.423 53.517
201506 40.638 100.107 52.080
201509 41.699 100.245 53.366
201512 37.817 100.572 48.240
201603 37.631 101.653 47.493
201606 38.827 102.267 48.708
201609 39.547 102.118 49.683
201612 41.487 102.614 51.869
201703 42.797 103.972 52.808
201706 43.183 103.902 53.320
201709 43.994 104.170 54.182
201712 44.926 104.804 54.995
201803 44.249 105.419 53.850
201806 45.696 106.063 55.273
201809 46.354 106.618 55.777
201812 47.180 107.252 56.436
201903 46.680 107.876 55.514
201906 46.379 107.896 55.146
201909 47.064 107.470 56.183
201912 48.569 108.065 57.660
202003 47.367 108.550 55.982
202006 48.541 108.540 57.374
202009 50.157 108.441 59.339
202012 51.673 108.511 61.093
202103 53.440 109.522 62.599
202106 55.436 110.305 64.476
202109 56.629 111.543 65.132
202112 55.358 114.705 61.915
202203 55.435 118.620 59.955
202206 48.551 120.948 51.499
202209 48.058 124.120 49.674
202212 52.303 126.578 53.011
202303 55.474 126.528 56.247
202306 54.784 125.973 55.793
202309 57.600 127.083 58.148
202312 59.390 128.292 59.390

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.


KBC Groupe NV  (XBRU:KBC) 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.


KBC Groupe NV Cyclically Adjusted PB Ratio Related Terms

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


KBC Groupe NV (XBRU:KBC) Business Description

Industry
Address
Havenlaan 2, Brussels, BEL, B-1080
KBC was formed in 1998 by the merger of Belgian commercial bank Kredietbank, cooperative farmers bank CERA Bank, and cooperative insurer ABB Verzekering. KBC offers banking, insurance, and investment products. Belgium and the Czech Republic account for the bulk of KBC's profits, while the bank has smaller operations in Hungary, Slovakia, and Bulgaria.

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