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Warsaw Stock Exchange (WAR:GPW) Cyclically Adjusted Book per Share : zł42.57 (As of Sep. 2024)


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What is Warsaw Stock Exchange 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.

Warsaw Stock Exchange's adjusted book value per share for the three months ended in Sep. 2024 was zł37.732. 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 zł42.57 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Warsaw Stock Exchange's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Warsaw Stock Exchange was 14.40% per year. The lowest was 13.80% per year. And the median was 14.10% per year.

As of today (2025-05-10), Warsaw Stock Exchange's current stock price is zł50.95. Warsaw Stock Exchange's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was zł42.57. Warsaw Stock Exchange's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Warsaw Stock Exchange was 1.79. The lowest was 0.85. And the median was 1.17.


Warsaw Stock Exchange Cyclically Adjusted Book per Share Historical Data

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange Cyclically Adjusted Book per Share Chart

Warsaw Stock Exchange 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 25.90 27.40 31.85 38.17 40.97

Warsaw Stock Exchange Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 40.42 40.97 41.40 41.89 42.57

Competitive Comparison of Warsaw Stock Exchange's Cyclically Adjusted Book per Share

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Warsaw Stock Exchange 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, Warsaw Stock Exchange's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=37.732/153.4391*153.4391
=37.732

Current CPI (Sep. 2024) = 153.4391.

Warsaw Stock Exchange Quarterly Data

Book Value per Share CPI Adj_Book
201412 25.527 100.122 39.121
201503 27.125 100.041 41.603
201506 24.385 100.448 37.249
201509 25.490 99.634 39.255
201512 26.207 99.471 40.426
201603 27.473 98.983 42.588
201606 25.081 99.552 38.657
201609 26.564 99.064 41.145
201612 26.848 100.366 41.045
201703 28.401 101.018 43.139
201706 26.627 101.180 40.380
201709 28.355 101.343 42.931
201712 29.270 102.564 43.789
201803 30.867 102.564 46.178
201806 30.372 103.378 45.080
201809 31.755 103.378 47.132
201812 32.626 103.785 48.235
201903 33.604 104.274 49.448
201906 30.271 105.983 43.826
201909 31.663 105.983 45.841
201912 31.839 107.123 45.605
202003 33.124 109.076 46.596
202006 31.067 109.402 43.572
202009 32.264 109.320 45.285
202012 33.732 109.565 47.240
202103 35.414 112.658 48.234
202106 32.960 113.960 44.378
202109 34.251 115.588 45.467
202112 35.559 119.088 45.816
202203 36.805 125.031 45.168
202206 33.870 131.705 39.459
202209 35.015 135.531 39.642
202212 36.426 139.113 40.177
202303 37.519 145.950 39.444
202306 35.038 147.009 36.571
202309 36.565 146.113 38.398
202312 38.207 147.741 39.681
202403 39.252 149.044 40.410
202406 36.179 150.997 36.764
202409 37.732 153.439 37.732

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


Warsaw Stock Exchange  (WAR:GPW) 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.

Warsaw Stock Exchange's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.95/42.57
=1.20

* 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 Warsaw Stock Exchange was 1.79. The lowest was 0.85. And the median was 1.17.


Be Aware

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


Warsaw Stock Exchange Cyclically Adjusted Book per Share Related Terms

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


Warsaw Stock Exchange Business Description

Traded in Other Exchanges
Address
ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.

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