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Webster Financial (Webster Financial) Cyclically Adjusted PB Ratio : 1.20 (As of Apr. 28, 2024)


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What is Webster Financial Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Webster Financial's current share price is $45.03. Webster Financial's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $37.57. Webster Financial's Cyclically Adjusted PB Ratio for today is 1.20.

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

WBS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.42   Max: 2.65
Current: 1.2

During the past years, Webster Financial's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 0.76. And the median was 1.42.

WBS's Cyclically Adjusted PB Ratio is ranked worse than
69.2% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs WBS: 1.20

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.

Webster Financial's adjusted book value per share data for the three months ended in Dec. 2023 was $48.866. 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 $37.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Webster Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Webster Financial'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.

Webster Financial Cyclically Adjusted PB Ratio Chart

Webster Financial 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 2.00 1.50 1.80 1.37 1.35

Webster Financial 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 1.10 1.03 1.08 1.35 -

Competitive Comparison of Webster Financial's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Webster Financial'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.


Webster Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Webster Financial's Cyclically Adjusted PB Ratio falls into.



Webster Financial 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.

Webster Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.03/37.57
=1.20

* 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.

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

For example, Webster Financial'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)
=48.866/129.4194*129.4194
=48.866

Current CPI (Dec. 2023) = 129.4194.

Webster Financial Quarterly Data

Book Value per Share CPI Adj_Book
201403 23.252 99.695 30.185
201406 23.681 100.560 30.477
201409 23.967 100.428 30.886
201412 24.022 99.070 31.381
201503 24.354 99.621 31.639
201506 24.604 100.684 31.626
201509 24.913 100.392 32.117
201512 25.024 99.792 32.453
201603 25.337 100.470 32.637
201606 25.736 101.688 32.754
201609 26.101 101.861 33.163
201612 26.204 101.863 33.293
201703 26.501 102.862 33.343
201706 26.968 103.349 33.771
201709 27.374 104.136 34.020
201712 27.786 104.011 34.574
201803 27.983 105.290 34.396
201806 28.431 106.317 34.609
201809 28.989 106.507 35.225
201812 29.741 105.998 36.313
201903 30.641 107.251 36.975
201906 31.739 108.070 38.009
201909 32.677 108.329 39.039
201912 33.281 108.420 39.727
202003 32.662 108.902 38.816
202006 33.592 108.767 39.970
202009 34.086 109.815 40.171
202012 34.253 109.897 40.338
202103 34.597 111.754 40.066
202106 35.153 114.631 39.688
202109 35.779 115.734 40.010
202112 36.356 117.630 40.000
202203 44.318 121.301 47.284
202206 43.818 125.017 45.361
202209 43.318 125.227 44.768
202212 44.666 125.222 46.163
202303 45.849 127.348 46.595
202306 46.149 128.729 46.397
202309 46.004 129.860 45.848
202312 48.866 129.419 48.866

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.


Webster Financial  (NYSE:WBS) 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.


Webster Financial Cyclically Adjusted PB Ratio Related Terms

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


Webster Financial (Webster Financial) Business Description

Traded in Other Exchanges
Address
200 Elm Street, Stamford, CT, USA, 06902
Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.
Executives
Jack L Kopnisky director, officer: Exec. Chair. Company & Bank C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Kristy Berner officer: EVP, GC & Corp Sec C/O PEOPLE'S UNITED BANK, N.A., 850 MAIN STREET, BRIDGEPORT CT 06604
Luis Massiani officer: Chief Operating Officer C/O PROVIDENT BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Katherine Vines Trumbull officer: Acting General Counsel 200 ELM STREET, STAMFORD CT 06902
Javier L. Evans officer: Chief Human Resources Officer 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Maureen Mitchell director 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Carol Hayles director C/O CIT GROUP, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Linda H. Ianieri director C/O WEBSTER FINANCIAL CORP., 145 BANK STREET, WATERBURY CT 06702
Thomas X Geisel officer: President of Comm. Banking 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Christopher J Motl officer: EVP-Commercial Banking C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702
William L Atwell director 1601 CHESTNUT ST, PHILADELPHIA PA 19192
Daniel Bley officer: EVP-Chief Risk Officer C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702
Karen Higgins-carter officer: Chief Information Officer C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702
Jonathan W. Roberts officer: EVP - Ret. Bank. & Cons. Lend. C/O WEBSTER FINANCIAL CORP., 145 BANK STREET, WATERBURY CT 06702
James P Blose officer: General Counsel & Corp. Sec. C/O 21 SCARSDALE ROAD, YONKERS NY 10707