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Polski Holding Nieruchomosci (WAR:PHN) Cyclically Adjusted PB Ratio : 0.20 (As of May. 29, 2024)


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What is Polski Holding Nieruchomosci Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Polski Holding Nieruchomosci's current share price is zł11.55. Polski Holding Nieruchomosci's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł58.49. 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:

WAR:PHN' 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.

WAR:PHN's Cyclically Adjusted PB Ratio is ranked better than
82.11% of 1347 companies
in the Real Estate industry
Industry Median: 0.69 vs WAR:PHN: 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 Mar. 2024 was zł42.773. 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 zł58.49 for the trailing ten years ended in Mar. 2024.

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
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 0.20 0.19 0.21 0.24 0.20

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
=11.55/58.49
=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 Mar. 2024 is calculated as:

For example, Polski Holding Nieruchomosci'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)
=42.773/149.0435*149.0435
=42.773

Current CPI (Mar. 2024) = 149.0435.

Polski Holding Nieruchomosci Quarterly Data

Book Value per Share CPI Adj_Book
201406 39.983 101.180 58.897
201409 40.718 100.611 60.319
201412 41.889 100.122 62.357
201503 42.231 100.041 62.917
201506 41.340 100.448 61.340
201509 42.143 99.634 63.042
201512 41.731 99.471 62.528
201603 41.926 98.983 63.130
201606 42.181 99.552 63.151
201609 42.305 99.064 63.649
201612 42.004 100.366 62.376
201703 41.953 101.018 61.898
201706 41.895 101.180 61.713
201709 42.216 101.343 62.086
201712 42.418 102.564 61.641
201803 42.685 102.564 62.029
201806 42.837 103.378 61.759
201809 42.948 103.378 61.919
201812 43.157 103.785 61.977
201903 43.426 104.274 62.071
201906 43.332 105.983 60.938
201909 43.678 105.983 61.424
201912 44.161 107.123 61.443
202003 44.706 109.076 61.087
202006 43.078 109.402 58.687
202009 43.276 109.320 59.001
202012 45.005 109.565 61.221
202103 45.230 112.658 59.838
202106 45.464 113.960 59.460
202109 45.706 115.588 58.935
202112 46.352 119.088 58.011
202203 46.859 125.031 55.859
202206 47.121 131.705 53.324
202209 47.453 135.531 52.184
202212 47.002 139.113 50.357
202303 46.771 145.950 47.762
202306 45.520 147.009 46.150
202309 45.934 146.113 46.855
202312 43.220 147.741 43.601
202403 42.773 149.044 42.773

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  (WAR:PHN) 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

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Polski Holding Nieruchomosci (WAR:PHN) 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.

Polski Holding Nieruchomosci (WAR:PHN) Headlines

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