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Bowim (WAR:BOW) Cyclically Adjusted Book per Share : zł10.80 (As of Dec. 2023)


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What is Bowim 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.

Bowim's adjusted book value per share for the three months ended in Dec. 2023 was zł18.702. 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 zł10.80 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Bowim's average Cyclically Adjusted Book Growth Rate was 21.20% 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.

As of today (2024-05-17), Bowim's current stock price is zł6.85. Bowim's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was zł10.80. Bowim's Cyclically Adjusted PB Ratio of today is 0.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bowim was 2.17. The lowest was 0.58. And the median was 1.16.


Bowim Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bowim'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.

Bowim Cyclically Adjusted Book per Share Chart

Bowim 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 - - 6.50 8.91 10.80

Bowim Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 8.91 9.70 10.10 10.37 10.80

Competitive Comparison of Bowim's Cyclically Adjusted Book per Share

For the Steel subindustry, Bowim'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.


Bowim's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bowim's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bowim 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, Bowim's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=18.702/147.7411*147.7411
=18.702

Current CPI (Dec. 2023) = 147.7411.

Bowim Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.210 101.262 6.142
201406 4.161 101.180 6.076
201409 4.143 100.611 6.084
201412 4.002 100.122 5.905
201503 4.046 100.041 5.975
201506 4.032 100.448 5.930
201509 3.983 99.634 5.906
201512 3.816 99.471 5.668
201603 4.039 98.983 6.029
201606 4.758 99.552 7.061
201609 0.000 99.064 0.000
201612 4.958 100.366 7.298
201703 5.415 101.018 7.920
201706 5.339 101.180 7.796
201709 5.477 101.343 7.985
201712 5.270 102.564 7.591
201803 5.549 102.564 7.993
201806 5.520 103.378 7.889
201809 5.651 103.378 8.076
201812 5.700 103.785 8.114
201903 5.499 104.274 7.791
201906 5.454 105.983 7.603
201909 5.421 105.983 7.557
201912 5.777 107.123 7.968
202003 0.000 109.076 0.000
202006 5.862 109.402 7.916
202009 5.963 109.320 8.059
202012 6.663 109.565 8.985
202103 8.433 112.658 11.059
202106 12.783 113.960 16.572
202109 14.814 115.588 18.935
202112 15.236 119.088 18.902
202203 17.896 125.031 21.147
202206 18.515 131.705 20.769
202209 19.080 135.531 20.799
202212 19.145 139.113 20.332
202303 19.291 145.950 19.528
202306 18.225 147.009 18.316
202309 18.361 146.113 18.566
202312 18.702 147.741 18.702

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


Bowim  (WAR:BOW) 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.

Bowim's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.85/10.8
=0.63

* 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 Bowim was 2.17. The lowest was 0.58. And the median was 1.16.


Be Aware

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


Bowim Cyclically Adjusted Book per Share Related Terms

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


Bowim (WAR:BOW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bowim SA (WAR:BOW) » Definitions » Cyclically Adjusted Book per Share
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Address
Niwecka Street 1 E, Sosnowiec, POL, 41-200
Bowim SA offers carbon steel products made by Polish and foreign manufacturers. The company is engaged in the production of reinforcement prefabricated units and guides for the construction industry. It also provides cross-cutting, longitudinal cold-rolled, galvanized and services installation of reinforcing steel for the building of infrastructure, industry and housing and a fleet of modern trucks for delivery purposes.

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