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PSZKY (PKO Bank Polski) Cyclically Adjusted Book per Share : $10.89 (As of Mar. 2025)


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What is PKO Bank Polski 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.

PKO Bank Polski's adjusted book value per share for the three months ended in Mar. 2025 was $12.131. 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 $10.89 for the trailing ten years ended in Mar. 2025.

During the past 12 months, PKO Bank Polski's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.20% 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 PKO Bank Polski was 12.70% per year. The lowest was 8.00% per year. And the median was 10.50% per year.

As of today (2025-07-19), PKO Bank Polski's current stock price is $22.45. PKO Bank Polski's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $10.89. PKO Bank Polski's Cyclically Adjusted PB Ratio of today is 2.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PKO Bank Polski was 2.17. The lowest was 0.63. And the median was 1.46.


PKO Bank Polski Cyclically Adjusted Book per Share Historical Data

The historical data trend for PKO Bank Polski'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.

PKO Bank Polski Cyclically Adjusted Book per Share Chart

PKO Bank Polski 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 6.88 7.72 13.45 4.01 9.70

PKO Bank Polski 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 10.16 9.73 10.60 9.70 10.89

Competitive Comparison of PKO Bank Polski's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PKO Bank Polski'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.


PKO Bank Polski's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PKO Bank Polski's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PKO Bank Polski's Cyclically Adjusted PB Ratio falls into.


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PKO Bank Polski 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, PKO Bank Polski'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)
=12.131/157.0208*157.0208
=12.131

Current CPI (Mar. 2025) = 157.0208.

PKO Bank Polski Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.298 100.448 9.845
201509 6.484 99.634 10.219
201512 6.633 99.471 10.471
201603 6.802 98.983 10.790
201606 6.924 99.552 10.921
201609 7.083 99.064 11.227
201612 7.138 100.366 11.167
201703 7.305 101.018 11.355
201706 7.525 101.180 11.678
201709 7.744 101.343 11.999
201712 7.944 102.564 12.162
201803 8.010 102.564 12.263
201806 8.058 103.378 12.239
201809 8.263 103.378 12.551
201812 8.567 103.785 12.961
201903 8.705 104.274 13.108
201906 8.682 105.983 12.863
201909 8.991 105.983 13.321
201912 9.110 107.123 13.353
202003 9.311 109.076 13.404
202006 9.653 109.402 13.855
202009 9.811 109.320 14.092
202012 8.745 109.565 12.533
202103 8.891 112.658 12.392
202106 8.997 113.960 12.397
202109 9.101 115.588 12.363
202112 8.260 119.088 10.891
202203 7.826 125.031 9.828
202206 6.781 131.705 8.084
202209 6.945 135.531 8.046
202212 7.825 139.113 8.832
202303 8.599 145.950 9.251
202306 9.011 147.009 9.625
202309 9.949 146.113 10.692
202312 9.909 147.741 10.531
202403 10.436 149.044 10.995
202406 10.283 150.997 10.693
202409 11.052 153.439 11.310
202412 11.474 154.660 11.649
202503 12.131 157.021 12.131

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


PKO Bank Polski  (OTCPK:PSZKY) 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.

PKO Bank Polski's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.45/10.89
=2.06

* 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 PKO Bank Polski was 2.17. The lowest was 0.63. And the median was 1.46.


Be Aware

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


PKO Bank Polski Cyclically Adjusted Book per Share Related Terms

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


PKO Bank Polski Business Description

Industry
Address
Pulawska Street 15, Warsaw, POL, 02-515
PKO Bank Polski SA is a universal banking group operating predominantly in Poland. Its various products and service offerings include retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management, among others. The majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Along with its subsidiaries, the company operates in three main segments Retail, Corporate and Investment, and Transfer Center and Other. Maximum revenue is generated from the Retail segment, which offers various services to individuals as part of retail, private, and mortgage banking, and to legal entities as part of corporate banking.