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PKO Bank Polski (XPRA:PKO) Cyclically Adjusted Book per Share : Kč226.77 (As of Mar. 2024)


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What is PKO Bank Polski 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.

PKO Bank Polski's adjusted book value per share for the three months ended in Mar. 2024 was Kč226.884. 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 Kč226.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PKO Bank Polski's average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 PKO Bank Polski was 12.70% per year. The lowest was 8.00% per year. And the median was 11.50% per year.

As of today (2024-06-06), PKO Bank Polski's current stock price is Kč330.00. PKO Bank Polski's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Kč226.77. PKO Bank Polski's Cyclically Adjusted PB Ratio of today is 1.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PKO Bank Polski was 2.17. The lowest was 0.63. And the median was 1.43.


PKO Bank Polski Cyclically Adjusted Book per Share Historical Data

The historical data trend for PKO Bank Polski'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.

PKO Bank Polski Cyclically Adjusted Book per Share Chart

PKO Bank Polski 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 172.97 164.62 161.86 177.82 219.93

PKO Bank Polski 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 170.47 172.58 200.42 219.93 226.77

Competitive Comparison of PKO Bank Polski's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PKO Bank Polski'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.


PKO Bank Polski's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



PKO Bank Polski 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, PKO Bank Polski'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)
=226.884/149.0435*149.0435
=226.884

Current CPI (Mar. 2024) = 149.0435.

PKO Bank Polski Quarterly Data

Book Value per Share CPI Adj_Book
201406 123.923 101.180 182.545
201409 128.628 100.611 190.548
201412 131.560 100.122 195.843
201503 134.707 100.041 200.690
201506 136.932 100.448 203.179
201509 140.962 99.634 210.867
201512 144.216 99.471 216.088
201603 147.887 98.983 222.682
201606 150.535 99.552 225.372
201609 153.996 99.064 231.690
201612 155.178 100.366 230.439
201703 158.817 101.018 234.322
201706 163.593 101.180 240.980
201709 168.355 101.343 247.597
201712 172.713 102.564 250.982
201803 174.151 102.564 253.072
201806 175.194 103.378 252.583
201809 179.642 103.378 258.996
201812 186.257 103.785 267.480
201903 189.247 104.274 270.501
201906 188.747 105.983 265.434
201909 195.467 105.983 274.885
201912 198.048 107.123 275.552
202003 202.420 109.076 276.590
202006 209.854 109.402 285.895
202009 213.292 109.320 290.795
202012 190.128 109.565 258.636
202103 193.295 112.658 255.725
202106 195.610 113.960 255.830
202109 197.862 115.588 255.130
202112 179.571 119.088 224.740
202203 170.151 125.031 202.830
202206 147.416 131.705 166.822
202209 150.987 135.531 166.040
202212 170.113 139.113 182.257
202303 186.957 145.950 190.919
202306 195.910 147.009 198.622
202309 216.307 146.113 220.645
202312 215.435 147.741 217.334
202403 226.884 149.044 226.884

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


PKO Bank Polski  (XPRA:PKO) 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.

PKO Bank Polski's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=330.00/226.77
=1.46

* 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 PKO Bank Polski was 2.17. The lowest was 0.63. And the median was 1.43.


Be Aware

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


PKO Bank Polski Cyclically Adjusted Book per Share Related Terms

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


PKO Bank Polski (XPRA:PKO) Business Description

Industry
Traded in Other Exchanges
Address
Pu?awska street 15, Warsaw, POL, 02-515
PKO Bank Polski SA is a universal banking group operating primarily in Poland, with subsidiaries in the Ukraine and Sweden. The bank's corporate strategy places a premium on organic growth and acquisitions. It has a strong presence in retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management. Majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Net fees and commissions, in contrast, are diversified across loans and insurance, mutual funds and brokerage, cards, and customer accounts. The bank has an appreciably large portion of its deposit base originating from retail clients in relation to competitors.

PKO Bank Polski (XPRA:PKO) Headlines

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