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PBKOF (Pollard Banknote) Cyclically Adjusted Book per Share : $4.94 (As of Mar. 2025)


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What is Pollard Banknote 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.

Pollard Banknote's adjusted book value per share for the three months ended in Mar. 2025 was $8.961. 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 $4.94 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Pollard Banknote's average Cyclically Adjusted Book Growth Rate was 20.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 23.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 23.30% 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 Pollard Banknote was 25.60% per year. The lowest was -17.80% per year. And the median was 13.40% per year.

As of today (2025-05-21), Pollard Banknote's current stock price is $13.64. Pollard Banknote's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $4.94. Pollard Banknote's Cyclically Adjusted PB Ratio of today is 2.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pollard Banknote was 21.23. The lowest was 1.54. And the median was 6.08.


Pollard Banknote Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pollard Banknote'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.

Pollard Banknote Cyclically Adjusted Book per Share Chart

Pollard Banknote 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 2.14 2.66 3.22 4.15 4.31

Pollard Banknote 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 4.30 4.33 4.54 4.31 4.94

Competitive Comparison of Pollard Banknote's Cyclically Adjusted Book per Share

For the Gambling subindustry, Pollard Banknote'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.


Pollard Banknote's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pollard Banknote's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pollard Banknote's Cyclically Adjusted PB Ratio falls into.


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Pollard Banknote 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, Pollard Banknote'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)
=8.961/129.1809*129.1809
=8.961

Current CPI (Mar. 2025) = 129.1809.

Pollard Banknote Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.304 100.500 1.676
201509 1.290 100.421 1.659
201512 1.350 99.947 1.745
201603 1.457 101.054 1.863
201606 1.534 102.002 1.943
201609 1.587 101.765 2.015
201612 1.651 101.449 2.102
201703 1.674 102.634 2.107
201706 1.691 103.029 2.120
201709 2.070 103.345 2.588
201712 1.915 103.345 2.394
201803 3.042 105.004 3.742
201806 3.287 105.557 4.023
201809 3.533 105.636 4.320
201812 3.417 105.399 4.188
201903 3.429 106.979 4.141
201906 3.380 107.690 4.055
201909 3.526 107.611 4.233
201912 3.652 107.769 4.378
202003 3.814 107.927 4.565
202006 3.724 108.401 4.438
202009 4.098 108.164 4.894
202012 4.324 108.559 5.145
202103 5.829 110.298 6.827
202106 6.096 111.720 7.049
202109 5.995 112.905 6.859
202112 6.007 113.774 6.820
202203 6.353 117.646 6.976
202206 6.557 120.806 7.012
202209 6.606 120.648 7.073
202212 6.889 120.964 7.357
202303 6.984 122.702 7.353
202306 7.220 124.203 7.509
202309 7.572 125.230 7.811
202312 7.594 125.072 7.843
202403 8.020 126.258 8.206
202406 8.337 127.522 8.445
202409 8.851 127.285 8.983
202412 8.667 127.364 8.791
202503 8.961 129.181 8.961

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


Pollard Banknote  (OTCPK:PBKOF) 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.

Pollard Banknote's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.64/4.94
=2.76

* 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 Pollard Banknote was 21.23. The lowest was 1.54. And the median was 6.08.


Be Aware

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


Pollard Banknote Cyclically Adjusted Book per Share Related Terms

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


Pollard Banknote Business Description

Traded in Other Exchanges
Address
140 Otter Street, Winnipeg, MB, CAN, R3T 0M8
Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has one reportable segment, which comprises its four operating segments which includes Lotteries, Charitable gaming, eGaming systems, and Retail. The company has its geographic presence in Canada, United States and International. It generates majority of its revenue from United States.