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Bank Handlowy w Warszawie (FRA:6HW) Cyclically Adjusted Book per Share : €18.93 (As of Mar. 2025)


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What is Bank Handlowy w Warszawie 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.

Bank Handlowy w Warszawie's adjusted book value per share for the three months ended in Mar. 2025 was €18.854. 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 €18.93 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bank Handlowy w Warszawie's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 Bank Handlowy w Warszawie was 9.10% per year. The lowest was 2.20% per year. And the median was 7.40% per year.

As of today (2025-05-25), Bank Handlowy w Warszawie's current stock price is €27.15. Bank Handlowy w Warszawie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €18.93. Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio of today is 1.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Handlowy w Warszawie was 1.58. The lowest was 0.48. And the median was 1.07.


Bank Handlowy w Warszawie Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Handlowy w Warszawie'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.

Bank Handlowy w Warszawie Cyclically Adjusted Book per Share Chart

Bank Handlowy w Warszawie Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.13 13.33 14.53 17.19 17.86

Bank Handlowy w Warszawie Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 17.24 17.21 17.95 17.86 18.93

Competitive Comparison of Bank Handlowy w Warszawie's Cyclically Adjusted Book per Share

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.


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Bank Handlowy w Warszawie 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, Bank Handlowy w Warszawie's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=18.854/157.0208*157.0208
=18.854

Current CPI (Mar. 2025) = 157.0208.

Bank Handlowy w Warszawie Quarterly Data

Book Value per Share CPI Adj_Book
201506 11.971 100.448 18.713
201509 12.194 99.634 19.218
201512 12.455 99.471 19.661
201603 12.817 98.983 20.332
201606 11.924 99.552 18.807
201609 12.197 99.064 19.333
201612 12.345 100.366 19.313
201703 12.481 101.018 19.400
201706 11.786 101.180 18.291
201709 12.192 101.343 18.890
201712 12.615 102.564 19.313
201803 12.901 102.564 19.751
201806 12.167 103.378 18.480
201809 12.441 103.378 18.897
201812 12.829 103.785 19.410
201903 12.844 104.274 19.341
201906 12.320 105.983 18.253
201909 12.607 105.983 18.678
201912 12.862 107.123 18.853
202003 12.991 109.076 18.701
202006 13.554 109.402 19.454
202009 13.783 109.320 19.797
202012 13.782 109.565 19.751
202103 13.836 112.658 19.284
202106 13.809 113.960 19.027
202109 13.678 115.588 18.581
202112 13.423 119.088 17.699
202203 13.416 125.031 16.849
202206 12.463 131.705 14.859
202209 13.204 135.531 15.298
202212 14.472 139.113 16.335
202303 15.977 145.950 17.189
202306 15.191 147.009 16.226
202309 16.398 146.113 17.622
202312 17.688 147.741 18.799
202403 18.813 149.044 19.820
202406 16.774 150.997 17.443
202409 17.807 153.439 18.223
202412 17.971 154.660 18.245
202503 18.854 157.021 18.854

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


Bank Handlowy w Warszawie  (FRA:6HW) 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.

Bank Handlowy w Warszawie's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.15/18.93
=1.43

* 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 Bank Handlowy w Warszawie was 1.58. The lowest was 0.48. And the median was 1.07.


Be Aware

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


Bank Handlowy w Warszawie Cyclically Adjusted Book per Share Related Terms

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


Bank Handlowy w Warszawie 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.

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