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IFIRMA Spolka Akcyjna (WAR:IFI) Cyclically Adjusted Book per Share : zł1.79 (As of Mar. 2024)


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What is IFIRMA Spolka Akcyjna 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.

IFIRMA Spolka Akcyjna's adjusted book value per share for the three months ended in Mar. 2024 was zł2.001. 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 zł1.79 for the trailing ten years ended in Mar. 2024.

During the past 12 months, IFIRMA Spolka Akcyjna's average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.80% 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 IFIRMA Spolka Akcyjna was 18.80% per year. The lowest was 17.20% per year. And the median was 18.00% per year.

As of today (2024-06-06), IFIRMA Spolka Akcyjna's current stock price is zł23.90. IFIRMA Spolka Akcyjna's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł1.79. IFIRMA Spolka Akcyjna's Cyclically Adjusted PB Ratio of today is 13.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IFIRMA Spolka Akcyjna was 24.27. The lowest was 2.99. And the median was 13.37.


IFIRMA Spolka Akcyjna Cyclically Adjusted Book per Share Historical Data

The historical data trend for IFIRMA Spolka Akcyjna'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.

IFIRMA Spolka Akcyjna Cyclically Adjusted Book per Share Chart

IFIRMA Spolka Akcyjna 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 0.97 1.05 1.24 1.56 1.76

IFIRMA Spolka Akcyjna 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 1.66 1.70 1.72 1.76 1.79

Competitive Comparison of IFIRMA Spolka Akcyjna's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, IFIRMA Spolka Akcyjna'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.


IFIRMA Spolka Akcyjna's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, IFIRMA Spolka Akcyjna's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



IFIRMA Spolka Akcyjna 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, IFIRMA Spolka Akcyjna'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)
=2.001/149.0435*149.0435
=2.001

Current CPI (Mar. 2024) = 149.0435.

IFIRMA Spolka Akcyjna Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.736 101.180 1.084
201409 0.771 100.611 1.142
201412 0.859 100.122 1.279
201503 0.836 100.041 1.245
201506 0.769 100.448 1.141
201509 0.812 99.634 1.215
201512 0.900 99.471 1.349
201603 0.940 98.983 1.415
201606 0.876 99.552 1.311
201609 0.953 99.064 1.434
201612 1.035 100.366 1.537
201703 1.103 101.018 1.627
201706 1.103 101.180 1.625
201709 1.196 101.343 1.759
201712 1.173 102.564 1.705
201803 1.157 102.564 1.681
201806 1.165 103.378 1.680
201809 1.210 103.378 1.744
201812 1.184 103.785 1.700
201903 1.318 104.274 1.884
201906 1.350 105.983 1.899
201909 1.394 105.983 1.960
201912 1.369 107.123 1.905
202003 1.412 109.076 1.929
202006 1.426 109.402 1.943
202009 1.462 109.320 1.993
202012 1.520 109.565 2.068
202103 1.559 112.658 2.063
202106 1.630 113.960 2.132
202109 1.803 115.588 2.325
202112 1.934 119.088 2.420
202203 2.015 125.031 2.402
202206 1.925 131.705 2.178
202209 1.989 135.531 2.187
202212 2.143 139.113 2.296
202303 2.110 145.950 2.155
202306 2.213 147.009 2.244
202309 2.051 146.113 2.092
202312 2.008 147.741 2.026
202403 2.001 149.044 2.001

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


IFIRMA Spolka Akcyjna  (WAR:IFI) 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.

IFIRMA Spolka Akcyjna's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.90/1.79
=13.35

* 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 IFIRMA Spolka Akcyjna was 24.27. The lowest was 2.99. And the median was 13.37.


Be Aware

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


IFIRMA Spolka Akcyjna Cyclically Adjusted Book per Share Related Terms

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


IFIRMA Spolka Akcyjna (WAR:IFI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Grabiszynska 241 B, Wroclaw, POL, 53-234
IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.

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