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Bank Handlowy w Warszawie (WAR:BHW) Cyclically Adjusted PB Ratio : 1.37 (As of Jun. 06, 2024)


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What is Bank Handlowy w Warszawie Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Bank Handlowy w Warszawie's current share 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 for today is 1.37.

The historical rank and industry rank for Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio or its related term are showing as below:

WAR:BHW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.99   Max: 1.58
Current: 1.38

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

WAR:BHW's Cyclically Adjusted PB Ratio is ranked worse than
76.32% of 1191 companies
in the Banks industry
Industry Median: 0.91 vs WAR:BHW: 1.38

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Handlowy w Warszawie Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank Handlowy w Warszawie'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.

Bank Handlowy w Warszawie Cyclically Adjusted PB Ratio Chart

Bank Handlowy w Warszawie 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 0.92 0.61 0.95 1.06 1.36

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 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 1.10 1.16 1.08 1.36 1.45

Competitive Comparison of Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio

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 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.

Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio for 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.

Bank Handlowy w Warszawie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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.

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.


Bank Handlowy w Warszawie  (WAR:BHW) 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.


Bank Handlowy w Warszawie Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio 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.

Bank Handlowy w Warszawie (WAR:BHW) Headlines

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