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Polski Holding Nieruchomosci (STU:2PN) Cyclically Adjusted PB Ratio : 0.20 (As of May. 22, 2024)


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What is Polski Holding Nieruchomosci Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Polski Holding Nieruchomosci's current share price is €2.44. Polski Holding Nieruchomosci's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €11.98. Polski Holding Nieruchomosci's Cyclically Adjusted PB Ratio for today is 0.20.

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

STU:2PN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.23   Max: 0.32
Current: 0.2

During the past years, Polski Holding Nieruchomosci's highest Cyclically Adjusted PB Ratio was 0.32. The lowest was 0.18. And the median was 0.23.

STU:2PN's Cyclically Adjusted PB Ratio is ranked better than
82.54% of 1329 companies
in the Real Estate industry
Industry Median: 0.7 vs STU:2PN: 0.20

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.

Polski Holding Nieruchomosci's adjusted book value per share data for the three months ended in Dec. 2023 was €10.218. 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 €11.98 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polski Holding Nieruchomosci Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Polski Holding Nieruchomosci'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.

Polski Holding Nieruchomosci Cyclically Adjusted PB Ratio Chart

Polski Holding Nieruchomosci 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 - - 0.25 0.21 0.24

Polski Holding Nieruchomosci Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.21 0.20 0.19 0.21 0.24

Competitive Comparison of Polski Holding Nieruchomosci's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Polski Holding Nieruchomosci'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.


Polski Holding Nieruchomosci's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Polski Holding Nieruchomosci's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Polski Holding Nieruchomosci 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.

Polski Holding Nieruchomosci's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.44/11.98
=0.20

* 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.

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

For example, Polski Holding Nieruchomosci'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)
=10.218/147.7411*147.7411
=10.218

Current CPI (Dec. 2023) = 147.7411.

Polski Holding Nieruchomosci Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.963 101.262 14.536
201406 9.453 101.180 13.803
201409 9.626 100.611 14.135
201412 9.903 100.122 14.613
201503 9.984 100.041 14.744
201506 9.773 100.448 14.374
201509 9.963 99.634 14.774
201512 9.866 99.471 14.654
201603 9.912 98.983 14.795
201606 9.972 99.552 14.799
201609 10.001 99.064 14.915
201612 9.930 100.366 14.617
201703 9.918 101.018 14.505
201706 9.904 101.180 14.462
201709 9.980 101.343 14.549
201712 10.028 102.564 14.445
201803 10.091 102.564 14.536
201806 10.127 103.378 14.473
201809 10.153 103.378 14.510
201812 10.203 103.785 14.524
201903 10.266 104.274 14.545
201906 10.244 105.983 14.280
201909 10.326 105.983 14.395
201912 10.440 107.123 14.399
202003 10.569 109.076 14.315
202006 10.184 109.402 13.753
202009 10.231 109.320 13.827
202012 10.640 109.565 14.347
202103 10.693 112.658 14.023
202106 10.748 113.960 13.934
202109 10.805 115.588 13.811
202112 10.958 119.088 13.595
202203 11.078 125.031 13.090
202206 11.140 131.705 12.496
202209 11.218 135.531 12.229
202212 11.112 139.113 11.801
202303 11.057 145.950 11.193
202306 10.761 147.009 10.815
202309 10.859 146.113 10.980
202312 10.218 147.741 10.218

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.


Polski Holding Nieruchomosci  (STU:2PN) 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.


Polski Holding Nieruchomosci Cyclically Adjusted PB Ratio Related Terms

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


Polski Holding Nieruchomosci (STU:2PN) Business Description

Traded in Other Exchanges
Address
al. Jana Paw?a II 12, Warsaw, POL, 00-124
Polski Holding Nieruchomosci SA engages in the development, management, and sale of commercial as well as residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises.

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