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CPD (WAR:CPD) Cyclically Adjusted Book per Share : zł17.90 (As of Mar. 2024)


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What is CPD 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.

CPD's adjusted book value per share for the three months ended in Mar. 2024 was zł-0.036. 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 zł17.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CPD's average Cyclically Adjusted Book Growth Rate was 4.40% 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.

As of today (2024-06-19), CPD's current stock price is zł3.66. CPD's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł17.90. CPD's Cyclically Adjusted PB Ratio of today is 0.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CPD was 0.99. The lowest was 0.19. And the median was 0.46.


CPD Cyclically Adjusted Book per Share Historical Data

The historical data trend for CPD'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.

CPD Cyclically Adjusted Book per Share Chart

CPD Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 15.27 17.49

CPD Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 17.15 17.49 18.14 18.05 17.90

Competitive Comparison of CPD's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, CPD'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.


CPD's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CPD's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CPD 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, CPD'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)
=-0.036/149.0435*149.0435
=-0.036

Current CPI (Mar. 2024) = 149.0435.

CPD Quarterly Data

Book Value per Share CPI Adj_Book
201312 10.022 101.018 14.787
201403 9.854 101.262 14.504
201406 9.734 101.180 14.339
201409 11.345 100.611 16.806
201412 12.308 100.122 18.322
201503 13.197 100.041 19.661
201506 0.000 100.448 0.000
201509 12.257 99.634 18.335
201512 13.718 99.471 20.555
201603 13.655 98.983 20.561
201606 13.604 99.552 20.367
201609 13.508 99.064 20.323
201612 13.599 100.366 20.194
201703 14.791 101.018 21.823
201706 14.690 101.180 21.639
201709 14.781 101.343 21.738
201712 12.429 102.564 18.062
201803 12.712 102.564 18.473
201806 13.167 103.378 18.983
201809 13.007 103.378 18.753
201812 12.395 103.785 17.800
201903 12.728 104.274 18.193
201906 13.963 105.983 19.636
201909 15.195 105.983 21.369
201912 14.908 107.123 20.742
202003 15.127 109.076 20.670
202006 14.544 109.402 19.814
202009 14.683 109.320 20.018
202012 16.131 109.565 21.943
202103 17.321 112.658 22.915
202106 17.274 113.960 22.592
202109 15.162 115.588 19.550
202112 16.134 119.088 20.192
202203 16.809 125.031 20.037
202206 13.156 131.705 14.888
202209 11.421 135.531 12.560
202212 11.123 139.113 11.917
202303 7.505 145.950 7.664
202306 7.134 147.009 7.233
202403 -0.036 149.044 -0.036

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


CPD  (WAR:CPD) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.66/17.9
=0.20

* 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 CPD was 0.99. The lowest was 0.19. And the median was 0.46.


Be Aware

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


CPD Cyclically Adjusted Book per Share Related Terms

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


CPD (WAR:CPD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CPD SA (WAR:CPD) » Definitions » Cyclically Adjusted Book per Share
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Address
ul. Cybernetics 7b, Warszawa, POL, 02-677
CPD SA through its subsidiaries is involved in developing and selling office and residential properties in Poland and internationally. The company also acquires lands; and constructs office, commercial, and residential buildings, as well as leases office buildings and warehouses. In addition, it provides commercial real estate management services.

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