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Erbud (WAR:ERB) Cyclically Adjusted PB Ratio : 1.15 (As of May. 27, 2024)


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What is Erbud Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Erbud's current share 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 for today is 1.15.

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

WAR:ERB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.07   Max: 4.33
Current: 1.15

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

WAR:ERB's Cyclically Adjusted PB Ratio is ranked worse than
50.82% of 1216 companies
in the Construction industry
Industry Median: 1.11 vs WAR:ERB: 1.15

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Erbud Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Erbud'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.

Erbud Cyclically Adjusted PB Ratio Chart

Erbud 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 0.91 1.28 2.13 1.08 1.22

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 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 1.07 1.15 1.10 1.22 1.30

Competitive Comparison of Erbud's Cyclically Adjusted PB Ratio

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 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.

Erbud's Cyclically Adjusted PB Ratio for 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.

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

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.

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.


Erbud  (WAR:ERB) 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.


Erbud Cyclically Adjusted PB Ratio Related Terms

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


Erbud (WAR:ERB) Business Description

Industry
Traded in Other Exchanges
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.