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Agencja Rozwoju Innowacji (WAR:ARI) Cyclically Adjusted Book per Share : zł0.09 (As of Mar. 2024)


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What is Agencja Rozwoju Innowacji 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.

Agencja Rozwoju Innowacji's adjusted book value per share for the three months ended in Mar. 2024 was zł-0.005. 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 zł0.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Agencja Rozwoju Innowacji's average Cyclically Adjusted Book Growth Rate was -25.00% 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.

As of today (2024-06-23), Agencja Rozwoju Innowacji's current stock price is zł0.30. Agencja Rozwoju Innowacji's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł0.09. Agencja Rozwoju Innowacji's Cyclically Adjusted PB Ratio of today is 3.33.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Agencja Rozwoju Innowacji was 3.80. The lowest was 1.57. And the median was 2.65.


Agencja Rozwoju Innowacji Cyclically Adjusted Book per Share Historical Data

The historical data trend for Agencja Rozwoju Innowacji'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.

Agencja Rozwoju Innowacji Cyclically Adjusted Book per Share Chart

Agencja Rozwoju Innowacji Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.13 0.12 0.09

Agencja Rozwoju Innowacji Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.12 0.11 0.10 0.09 0.09

Competitive Comparison of Agencja Rozwoju Innowacji's Cyclically Adjusted Book per Share

For the Specialty Business Services subindustry, Agencja Rozwoju Innowacji'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.


Agencja Rozwoju Innowacji's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Agencja Rozwoju Innowacji's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Agencja Rozwoju Innowacji's Cyclically Adjusted PB Ratio falls into.



Agencja Rozwoju Innowacji 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, Agencja Rozwoju Innowacji'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)
=-0.005/149.0435*149.0435
=-0.005

Current CPI (Mar. 2024) = 149.0435.

Agencja Rozwoju Innowacji Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.207 101.180 0.305
201409 0.189 100.611 0.280
201412 0.128 100.122 0.191
201503 0.176 100.041 0.262
201506 0.135 100.448 0.200
201509 0.128 99.634 0.191
201512 0.121 99.471 0.181
201603 0.059 98.983 0.089
201606 0.045 99.552 0.067
201609 0.037 99.064 0.056
201612 0.021 100.366 0.031
201703 0.011 101.018 0.016
201706 0.036 101.180 0.053
201709 0.041 101.343 0.060
201712 0.040 102.564 0.058
201803 0.043 102.564 0.062
201806 0.060 103.378 0.087
201809 0.061 103.378 0.088
201812 0.520 103.785 0.747
201903 0.446 104.274 0.637
201906 0.159 105.983 0.224
201909 0.125 105.983 0.176
201912 -0.032 107.123 -0.045
202003 0.130 109.076 0.178
202006 -0.041 109.402 -0.056
202009 -0.045 109.320 -0.061
202012 -0.032 109.565 -0.044
202103 -0.029 112.658 -0.038
202106 -0.025 113.960 -0.033
202109 -0.033 115.588 -0.043
202112 -0.032 119.088 -0.040
202203 -0.029 125.031 -0.035
202206 -0.035 131.705 -0.040
202209 -0.038 135.531 -0.042
202212 -0.054 139.113 -0.058
202303 -0.044 145.950 -0.045
202306 -0.054 147.009 -0.055
202309 -0.051 146.113 -0.052
202312 -0.057 147.741 -0.058
202403 -0.005 149.044 -0.005

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


Agencja Rozwoju Innowacji  (WAR:ARI) 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.

Agencja Rozwoju Innowacji's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.30/0.09
=3.33

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Agencja Rozwoju Innowacji was 3.80. The lowest was 1.57. And the median was 2.65.


Be Aware

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


Agencja Rozwoju Innowacji Cyclically Adjusted Book per Share Related Terms

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


Agencja Rozwoju Innowacji (WAR:ARI) Business Description

Traded in Other Exchanges
N/A
Address
ul. Ostrodzka 38, Wroclaw, POL, 54-116
Agencja Rozwoju Innowacji SA offers Financial, Consulting and Training services. Financial services include getting finance in the form of a loan or a subsidy. Consulting service offers Export development strategy, Thematic strategies, Market analysis. Whereas Training projects are addressed both to companies and local government units in the formula of open and closed training.