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Sberbank of Russia PJSC (MIC:SBER) Cyclically Adjusted Book per Share : ₽214.48 (As of Jun. 2023)


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What is Sberbank of Russia PJSC Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Sberbank of Russia PJSC's adjusted book value per share for the three months ended in Jun. 2023 was ₽266.037. 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 ₽214.48 for the trailing ten years ended in Jun. 2023.

During the past 12 months, Sberbank of Russia PJSC's average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Sberbank of Russia PJSC was 14.30% per year. The lowest was 14.30% per year. And the median was 14.30% per year.

As of today (2024-04-27), Sberbank of Russia PJSC's current stock price is ₽308.41. Sberbank of Russia PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was ₽214.48. Sberbank of Russia PJSC's Cyclically Adjusted PB Ratio of today is 1.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sberbank of Russia PJSC was 1.96. The lowest was 0.53. And the median was 1.31.


Sberbank of Russia PJSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sberbank of Russia PJSC's Cyclically Adjusted Book per Share 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.

Sberbank of Russia PJSC Cyclically Adjusted Book per Share Chart

Sberbank of Russia PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 144.19 169.92 190.84 215.16

Sberbank of Russia PJSC Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22 Mar23 Jun23
Cyclically Adjusted Book per Share 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 190.24 190.84 215.16 220.28 214.48

Competitive Comparison of Sberbank of Russia PJSC's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Sberbank of Russia PJSC'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.


Sberbank of Russia PJSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sberbank of Russia PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sberbank of Russia PJSC's Cyclically Adjusted PB Ratio falls into.



Sberbank of Russia PJSC Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Sberbank of Russia PJSC's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book= Book Value per Share /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=266.037/238.3000*238.3000
=266.037

Current CPI (Jun. 2023) = 238.3000.

Sberbank of Russia PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201212 74.824 117.300 152.008
201303 78.655 119.500 156.849
201306 78.748 121.400 154.577
201309 83.109 122.800 161.277
201312 86.912 124.900 165.822
201403 89.108 127.800 166.154
201406 90.557 130.900 164.857
201409 93.293 132.700 167.534
201412 93.618 139.000 160.498
201503 97.213 149.400 155.059
201506 100.255 150.900 158.322
201509 103.923 153.500 161.335
201512 110.143 157.000 167.179
201603 115.945 160.200 172.470
201606 120.764 162.200 177.423
201609 126.748 163.300 184.960
201612 130.824 165.400 188.485
201703 137.300 167.000 195.920
201706 141.088 169.200 198.707
201709 145.076 168.200 205.539
201712 152.599 169.600 214.412
201803 159.140 171.000 221.772
201806 0.000 173.100 0.000
201809 162.751 173.900 223.022
201812 171.462 176.800 231.105
201903 180.641 179.900 239.282
201906 177.249 181.200 233.104
201909 189.376 180.800 249.603
201912 199.427 182.200 260.831
202003 0.000 184.500 0.000
202006 214.599 187.000 273.470
202009 224.809 187.400 285.870
202012 234.452 191.100 292.360
202103 244.198 195.200 298.117
202106 238.728 199.100 285.730
202109 254.400 201.300 301.160
202112 262.260 207.200 301.624
202212 271.715 231.900 279.214
202303 275.655 235.800 278.578
202306 266.037 238.300 266.037

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Sberbank of Russia PJSC  (MIC:SBER) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Sberbank of Russia PJSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=308.41/214.48
=1.44

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sberbank of Russia PJSC was 1.96. The lowest was 0.53. And the median was 1.31.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Sberbank of Russia PJSC Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Sberbank of Russia PJSC's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Sberbank of Russia PJSC (MIC:SBER) Business Description

Industry
Traded in Other Exchanges
Address
19 Vavilova Street, Moscow, RUS, 117997
Sberbank of Russia PJSC is a full-service bank operating primarily in Russia, but with significant exposure to Central and Eastern European countries. The bank has grown into a universal bank through acquisitions since its historical savings bank origins. Sberbank's principal shareholder is the Central Bank of the Russian Federation, which owns just over half of the bank's outstanding shares. The bank's activities are organized by three main priorities: corporate banking, retail banking, and investment banking. Corporate loans constitute the bulk of the bank's earning assets, mostly to corporations with the largest market capitalizations. The bank's development strategy emphasizes customer service, cost management, and technological modernization.

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