Imperio Asi (WAR:IMP) Cyclically Adjusted Book per Share: zł2.86 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:IMP Imperio Asi SA WAR:IMP
40 GF Score
Price zł1.61
! 2 Warning Signs
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What is Imperio Asi Cyclically Adjusted Book per Share?

Imperio Asi WAR:IMP 40 Cyclically Adjusted Book per Share is zł2.86 as of Mar. 2026. GuruFocus rates WAR:IMP with a GF Score™ of 40/100. The stock has 2 warning signs investors should review.

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.

Imperio Asi's adjusted book value per share for the three months ended in Mar. 2026 was zł1.893. 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 zł2.86 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Imperio Asi'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 -7.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -11.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Imperio Asi was -7.90% per year. The lowest was -20.10% per year. And the median was -14.60% per year.

As of today (2026-08-17), Imperio Asi's current stock price is zł1.61. Imperio Asi's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł2.86. Imperio Asi's Cyclically Adjusted PB Ratio of today is 0.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Imperio Asi was 1.13. The lowest was 0.10. And the median was 0.40.


Imperio Asi  (WAR:IMP) 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.

Imperio Asi's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.61/2.86
=0.56

* 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 Imperio Asi was 1.13. The lowest was 0.10. And the median was 0.40.


Be Aware

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


Imperio Asi Cyclically Adjusted Book per Share Related Terms


Imperio Asi Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Imperio Asi'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.

Imperio Asi Cyclically Adjusted Book per Share Chart

Imperio Asi Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.15 3.65 3.27 3.06 2.85

Imperio Asi Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.02 2.97 2.91 2.85 2.86

WAR:IMP vs BLK, BX, KKR: Cyclically Adjusted Book per Share Comparison

For the Asset Management subindustry, Imperio Asi'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.


Imperio Asi Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Imperio Asi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:IMP
40GF Score
Imperio Asi SA WAR:IMP
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Imperio Asi 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, Imperio Asi's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.893/163.0700*163.0700
=1.893

Current CPI (Mar. 2026) = 163.0700.

Imperio Asi Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.713 99.552 4.444
201609 2.606 99.064 4.290
201612 3.799 100.366 6.172
201703 3.214 101.018 5.188
201706 2.839 101.180 4.576
201709 2.809 101.343 4.520
201712 2.419 102.564 3.846
201803 2.409 102.564 3.830
201806 1.614 103.378 2.546
201809 1.596 103.378 2.518
201812 1.640 103.785 2.577
201903 1.620 104.274 2.533
201906 1.573 105.983 2.420
201909 1.530 105.983 2.354
201912 1.907 107.123 2.903
202003 1.978 109.076 2.957
202006 2.058 109.402 3.068
202009 0.000 109.320 0.000
202012 1.961 109.565 2.919
202103 0.000 112.658 0.000
202106 2.028 113.960 2.902
202109 2.444 115.588 3.448
202112 2.227 119.088 3.049
202203 2.125 125.031 2.772
202206 1.920 131.705 2.377
202209 2.057 135.531 2.475
202212 2.013 139.113 2.360
202303 2.107 145.950 2.354
202306 2.032 147.009 2.254
202309 1.849 146.113 2.064
202312 1.842 147.741 2.033
202403 1.752 149.044 1.917
202406 1.749 150.997 1.889
202409 1.671 153.439 1.776
202412 1.851 154.660 1.952
202503 1.891 157.021 1.964
202506 1.765 157.509 1.827
202509 1.834 158.000 1.893
202512 1.849 158.320 1.904
202603 1.893 163.070 1.893

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

What does a Cyclically Adjusted Book per Share of zł2.86 mean?
Imperio Asi (WAR:IMP) has a Cyclically Adjusted Book per Share of zł2.86 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Imperio Asi and its competitors.
Is Imperio Asi's Cyclically Adjusted Book per Share too high?
Imperio Asi's current Cyclically Adjusted Book per Share is zł2.86. Overall, Imperio Asi has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Imperio Asi's Cyclically Adjusted Book per Share compare to BLK and BX?
Imperio Asi's Cyclically Adjusted Book per Share of zł2.86 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Asset Management company?
A good Cyclically Adjusted Book per Share depends on the Asset Management industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Imperio Asi and its competitors. Imperio Asi's current Cyclically Adjusted Book per Share is zł2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperio Asi stock overvalued right now?
Imperio Asi (WAR:IMP) has a current Cyclically Adjusted Book per Share of zł2.86. The current Cyclically Adjusted Book per Share is zł2.86. Imperio Asi's overall GF Score™ is 40/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Imperio Asi (WAR:IMP), the current Cyclically Adjusted Book per Share is zł2.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Imperio Asi Business Description

Address Plac Europejski 1, Warsaw, POL, 00-844
Imperio Asi SA formerly Impera Capital SA provides the investors trading in the stock exchange market with an access to direct private investments area in Poland. The company invests in the development of medium-sized companies.
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Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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