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IPOPEMA Securities (WAR:IPE) Cyclically Adjusted Book per Share : zł4.01 (As of Jun. 2024)


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What is IPOPEMA Securities 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.

IPOPEMA Securities's adjusted book value per share for the three months ended in Jun. 2024 was zł3.948. 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 zł4.01 for the trailing ten years ended in Jun. 2024.

During the past 12 months, IPOPEMA Securities's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.50% 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 IPOPEMA Securities was 11.60% per year. The lowest was 7.00% per year. And the median was 10.90% per year.

As of today (2024-09-22), IPOPEMA Securities's current stock price is zł3.11. IPOPEMA Securities's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was zł4.01. IPOPEMA Securities's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IPOPEMA Securities was 2.18. The lowest was 0.42. And the median was 0.80.


IPOPEMA Securities Cyclically Adjusted Book per Share Historical Data

The historical data trend for IPOPEMA Securities'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.

IPOPEMA Securities Cyclically Adjusted Book per Share Chart

IPOPEMA Securities 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 2.71 2.83 3.14 3.70 3.93

IPOPEMA Securities Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 3.91 3.88 3.93 3.96 4.01

Competitive Comparison of IPOPEMA Securities's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, IPOPEMA Securities'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.


IPOPEMA Securities's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

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

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



IPOPEMA Securities 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, IPOPEMA Securities's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=3.948/150.9971*150.9971
=3.948

Current CPI (Jun. 2024) = 150.9971.

IPOPEMA Securities Quarterly Data

Book Value per Share CPI Adj_Book
201409 2.614 100.611 3.923
201412 2.568 100.122 3.873
201503 2.574 100.041 3.885
201506 2.592 100.448 3.896
201509 2.654 99.634 4.022
201512 2.702 99.471 4.102
201603 2.640 98.983 4.027
201606 2.597 99.552 3.939
201609 2.638 99.064 4.021
201612 2.646 100.366 3.981
201703 2.674 101.018 3.997
201706 2.689 101.180 4.013
201709 2.714 101.343 4.044
201712 2.668 102.564 3.928
201803 2.638 102.564 3.884
201806 2.569 103.378 3.752
201809 2.487 103.378 3.633
201812 2.532 103.785 3.684
201903 2.508 104.274 3.632
201906 2.519 105.983 3.589
201909 2.491 105.983 3.549
201912 2.643 107.123 3.726
202003 2.636 109.076 3.649
202006 2.803 109.402 3.869
202009 2.977 109.320 4.112
202012 3.641 109.565 5.018
202103 3.746 112.658 5.021
202106 3.458 113.960 4.582
202109 3.636 115.588 4.750
202112 3.709 119.088 4.703
202203 3.703 125.031 4.472
202206 3.389 131.705 3.885
202209 3.451 135.531 3.845
202212 3.581 139.113 3.887
202303 3.650 145.950 3.776
202306 3.663 147.009 3.762
202309 3.764 146.113 3.890
202312 4.032 147.741 4.121
202403 4.085 149.044 4.139
202406 3.948 150.997 3.948

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


IPOPEMA Securities  (WAR:IPE) 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.

IPOPEMA Securities's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.11/4.01
=0.78

* 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 IPOPEMA Securities was 2.18. The lowest was 0.42. And the median was 0.80.


Be Aware

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


IPOPEMA Securities Cyclically Adjusted Book per Share Related Terms

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


IPOPEMA Securities Business Description

Traded in Other Exchanges
N/A
Address
ul. Prozna 9, Warsaw, POL, 00-107
IPOPEMA Securities SA is a company engaged in financial services. The business activity of the group functions through brokerage and related services, investment fund and portfolio management, and consultancy services of which it derives majority of revenue from brokerage and related services. Under brokerage and related services, it focuses on public offerings of securities where it acts as the coordinator, offering broker and financial adviser issue of debt instruments, as well as advisory mandates concerning the raising of financing on the private market, including from private equity funds and through pre-IPO placements. All activities function through the regions of Poland.

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