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Bank Handlowy w Warszawie (WAR:BHW) Cyclically Adjusted Book per Share : zł75.03 (As of Mar. 2024)


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What is Bank Handlowy w Warszawie 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.

Bank Handlowy w Warszawie's adjusted book value per share for the three months ended in Mar. 2024 was zł79.197. 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 zł75.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank Handlowy w Warszawie's average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 Bank Handlowy w Warszawie was 9.10% per year. The lowest was 2.20% per year. And the median was 6.40% per year.

As of today (2024-06-07), Bank Handlowy w Warszawie's current stock price is zł103.00. Bank Handlowy w Warszawie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł75.03. Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio of today is 1.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Handlowy w Warszawie was 1.58. The lowest was 0.48. And the median was 0.99.


Bank Handlowy w Warszawie Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Handlowy w Warszawie'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.

Bank Handlowy w Warszawie Cyclically Adjusted Book per Share Chart

Bank Handlowy w Warszawie Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.13 57.38 62.33 71.31 74.51

Bank Handlowy w Warszawie Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 74.39 74.58 73.87 74.51 75.03

Competitive Comparison of Bank Handlowy w Warszawie's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bank Handlowy w Warszawie'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.


Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio falls into.



Bank Handlowy w Warszawie 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, Bank Handlowy w Warszawie'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)
=79.197/149.0435*149.0435
=79.197

Current CPI (Mar. 2024) = 149.0435.

Bank Handlowy w Warszawie Quarterly Data

Book Value per Share CPI Adj_Book
201406 53.058 101.180 78.157
201409 55.225 100.611 81.810
201412 56.718 100.122 84.431
201503 58.195 100.041 86.701
201506 50.394 100.448 74.774
201509 51.332 99.634 76.788
201512 52.431 99.471 78.561
201603 53.958 98.983 81.248
201606 50.197 99.552 75.152
201609 51.348 99.064 77.254
201612 51.970 100.366 77.175
201703 52.540 101.018 77.519
201706 49.616 101.180 73.087
201709 51.327 101.343 75.486
201712 53.106 102.564 77.172
201803 54.309 102.564 78.920
201806 51.221 103.378 73.847
201809 52.375 103.378 75.511
201812 54.008 103.785 77.560
201903 54.069 104.274 77.284
201906 51.862 105.983 72.933
201909 53.074 105.983 74.638
201912 54.146 107.123 75.335
202003 54.690 109.076 74.729
202006 57.058 109.402 77.733
202009 58.024 109.320 79.108
202012 58.021 109.565 78.928
202103 58.244 112.658 77.055
202106 58.131 113.960 76.027
202109 57.581 115.588 74.247
202112 56.508 119.088 70.722
202203 56.478 125.031 67.325
202206 52.465 131.705 59.372
202209 55.584 135.531 61.126
202212 60.923 139.113 65.272
202303 67.258 145.950 68.683
202306 63.949 147.009 64.834
202309 69.030 146.113 70.414
202312 74.464 147.741 75.120
202403 79.197 149.044 79.197

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


Bank Handlowy w Warszawie  (WAR:BHW) 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.

Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=103.00/75.03
=1.37

* 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 Bank Handlowy w Warszawie was 1.58. The lowest was 0.48. And the median was 0.99.


Be Aware

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


Bank Handlowy w Warszawie Cyclically Adjusted Book per Share Related Terms

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


Bank Handlowy w Warszawie (WAR:BHW) Business Description

Traded in Other Exchanges
Address
Senatorska 16 Street, Warsaw, POL, 00-923
Bank Handlowy w Warszawie SA is the parent company of the Bank Handlowy w Warszawie S.A. Group that operates in Poland. The parent company's principal shareholder is the U.S.-based Citibank Overseas Investment Corporation, which owns the vast majority of its outstanding shares. The subsidiary group's operations include traditional retail, commercial, and investment banking, as well as leasing activities. The group's earning assets are mostly split between loans and advances from customers and debt securities available-for-sale. A majority of the bank's loan portfolio consists of loans made to institutional clients. Its loan book is well diversified with notable exposure to the wholesale trade industry and the utility sector.

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