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IPOPEMA Securities (WAR:IPE) Cyclically Adjusted Book per Share : zł4.11 (As of Dec. 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 Dec. 2024 was zł4.037. 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 zł4.11 for the trailing ten years ended in Dec. 2024.

During the past 12 months, IPOPEMA Securities's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% 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 10.15% per year.

As of today (2025-05-25), IPOPEMA Securities's current stock price is zł3.02. IPOPEMA Securities's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was zł4.11. IPOPEMA Securities's Cyclically Adjusted PB Ratio of today is 0.73.

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 0.76.


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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 3.14 3.70 3.93 4.11

IPOPEMA Securities Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.93 3.96 4.01 4.08 4.11

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.


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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 Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=4.037/154.6602*154.6602
=4.037

Current CPI (Dec. 2024) = 154.6602.

IPOPEMA Securities Quarterly Data

Book Value per Share CPI Adj_Book
201503 2.574 100.041 3.979
201506 2.592 100.448 3.991
201509 2.654 99.634 4.120
201512 2.702 99.471 4.201
201603 2.640 98.983 4.125
201606 2.597 99.552 4.035
201609 2.638 99.064 4.118
201612 2.646 100.366 4.077
201703 2.674 101.018 4.094
201706 2.689 101.180 4.110
201709 2.714 101.343 4.142
201712 2.668 102.564 4.023
201803 2.638 102.564 3.978
201806 2.569 103.378 3.843
201809 2.487 103.378 3.721
201812 2.532 103.785 3.773
201903 2.508 104.274 3.720
201906 2.519 105.983 3.676
201909 2.491 105.983 3.635
201912 2.643 107.123 3.816
202003 2.636 109.076 3.738
202006 2.803 109.402 3.963
202009 2.977 109.320 4.212
202012 3.641 109.565 5.140
202103 3.746 112.658 5.143
202106 3.458 113.960 4.693
202109 3.636 115.588 4.865
202112 3.709 119.088 4.817
202203 3.703 125.031 4.581
202206 3.389 131.705 3.980
202209 3.450 135.531 3.937
202212 3.581 139.113 3.981
202303 3.650 145.950 3.868
202306 3.663 147.009 3.854
202309 3.764 146.113 3.984
202312 4.032 147.741 4.221
202403 4.085 149.044 4.239
202406 3.948 150.997 4.044
202409 3.981 153.439 4.013
202412 4.037 154.660 4.037

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
=3.02/4.11
=0.73

* 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 0.76.


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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