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Erbud (WAR:ERB) Cyclically Adjusted Book per Share : zł35.71 (As of Mar. 2024)


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What is Erbud 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.

Erbud's adjusted book value per share for the three months ended in Mar. 2024 was zł45.277. 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 zł35.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Erbud's average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.10% 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 Erbud was 17.60% per year. The lowest was 6.60% per year. And the median was 14.10% per year.

As of today (2024-05-28), Erbud's current stock price is zł41.00. Erbud's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł35.71. Erbud's Cyclically Adjusted PB Ratio of today is 1.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Erbud was 4.33. The lowest was 0.44. And the median was 1.07.


Erbud Cyclically Adjusted Book per Share Historical Data

The historical data trend for Erbud'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.

Erbud Cyclically Adjusted Book per Share Chart

Erbud 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 21.12 21.52 24.94 31.35 35.02

Erbud 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 33.31 33.94 34.24 35.02 35.71

Competitive Comparison of Erbud's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Erbud'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.


Erbud's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Erbud's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Erbud 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, Erbud'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)
=45.277/149.0435*149.0435
=45.277

Current CPI (Mar. 2024) = 149.0435.

Erbud Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.156 101.180 29.691
201409 20.709 100.611 30.678
201412 19.920 100.122 29.653
201503 22.217 100.041 33.100
201506 22.350 100.448 33.163
201509 23.172 99.634 34.663
201512 21.757 99.471 32.600
201603 23.765 98.983 35.784
201606 19.399 99.552 29.043
201609 20.048 99.064 30.163
201612 19.643 100.366 29.170
201703 19.903 101.018 29.365
201706 20.386 101.180 30.030
201709 20.939 101.343 30.795
201712 21.531 102.564 31.288
201803 21.491 102.564 31.230
201806 17.408 103.378 25.098
201809 17.783 103.378 25.638
201812 18.200 103.785 26.137
201903 18.364 104.274 26.249
201906 19.419 105.983 27.309
201909 20.431 105.983 28.732
201912 20.815 107.123 28.961
202003 21.046 109.076 28.758
202006 21.877 109.402 29.804
202009 22.392 109.320 30.528
202012 24.280 109.565 33.029
202103 26.040 112.658 34.450
202106 25.749 113.960 33.676
202109 46.393 115.588 59.821
202112 45.705 119.088 57.202
202203 45.780 125.031 54.572
202206 44.972 131.705 50.892
202209 44.951 135.531 49.433
202212 45.339 139.113 48.576
202303 44.176 145.950 45.112
202306 43.127 147.009 43.724
202309 48.772 146.113 49.750
202312 45.059 147.741 45.456
202403 45.277 149.044 45.277

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


Erbud  (WAR:ERB) 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.

Erbud's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.00/35.71
=1.15

* 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 Erbud was 4.33. The lowest was 0.44. And the median was 1.07.


Be Aware

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


Erbud Cyclically Adjusted Book per Share Related Terms

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


Erbud (WAR:ERB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Erbud SA (WAR:ERB) » Definitions » Cyclically Adjusted Book per Share
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Address
Ul. Franciszka Klimczaka 1, Warszawa, POL, 02-797
Erbud SA is a Poland-based construction company. It undertakes projects for the construction of offices, shopping centers, power industries, industrial buildings and structures, residential buildings, public utilities, hotels, and hospitals. The organization is active in the business divisions of Construction activities, which relate to building construction; Development activities; Road engineering activities; and Construction activities related to engineering and maintenance services for the industry and power sector. The group operates in Poland and internationally. It derives maximum revenue from building construction activities.