GURUFOCUS.COM » STOCK LIST » Technology » Software » KBJ SA (WAR:KBJ) » Definitions » Cyclically Adjusted Book per Share

KBJ (WAR:KBJ) Cyclically Adjusted Book per Share : zł7.48 (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is KBJ 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.

KBJ's adjusted book value per share for the three months ended in Mar. 2024 was zł14.592. 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 zł7.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KBJ's average Cyclically Adjusted Book Growth Rate was 15.60% 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 (2024-06-16), KBJ's current stock price is zł21.60. KBJ's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł7.48. KBJ's Cyclically Adjusted PB Ratio of today is 2.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of KBJ was 4.09. The lowest was 2.21. And the median was 2.79.


KBJ Cyclically Adjusted Book per Share Historical Data

The historical data trend for KBJ'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.

KBJ Cyclically Adjusted Book per Share Chart

KBJ 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 - - 4.56 5.96 7.14

KBJ Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 6.47 6.68 6.79 7.14 7.48

Competitive Comparison of KBJ's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, KBJ'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.


KBJ's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, KBJ's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



KBJ 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, KBJ'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)
=14.592/149.0435*149.0435
=14.592

Current CPI (Mar. 2024) = 149.0435.

KBJ Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.126 101.180 3.132
201409 2.507 100.611 3.714
201412 2.664 100.122 3.966
201503 2.444 100.041 3.641
201506 2.425 100.448 3.598
201509 2.238 99.634 3.348
201512 2.869 99.471 4.299
201603 2.586 98.983 3.894
201606 2.706 99.552 4.051
201609 2.754 99.064 4.143
201612 3.641 100.366 5.407
201703 3.342 101.018 4.931
201706 4.337 101.180 6.389
201709 3.628 101.343 5.336
201712 4.816 102.564 6.998
201803 4.441 102.564 6.454
201806 3.713 103.378 5.353
201809 3.434 103.378 4.951
201812 4.731 103.785 6.794
201903 4.455 104.274 6.368
201906 4.769 105.983 6.707
201909 3.744 105.983 5.265
201912 5.239 107.123 7.289
202003 5.506 109.076 7.523
202006 4.812 109.402 6.556
202009 4.788 109.320 6.528
202012 7.769 109.565 10.568
202103 7.669 112.658 10.146
202106 8.061 113.960 10.543
202109 8.830 115.588 11.386
202112 9.538 119.088 11.937
202203 10.267 125.031 12.239
202206 9.888 131.705 11.190
202209 9.404 135.531 10.342
202212 12.665 139.113 13.569
202303 11.407 145.950 11.649
202306 10.003 147.009 10.141
202309 9.303 146.113 9.490
202312 14.484 147.741 14.612
202403 14.592 149.044 14.592

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


KBJ  (WAR:KBJ) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.60/7.48
=2.89

* 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 KBJ was 4.09. The lowest was 2.21. And the median was 2.79.


Be Aware

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


KBJ Cyclically Adjusted Book per Share Related Terms

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


KBJ (WAR:KBJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » KBJ SA (WAR:KBJ) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
Ulica Broniewskiego 3, Warsaw, POL, 01-785
KBJ SA is engaged in providing implementation and consulting services as well as building dedicated IT solutions that are compliant with individual customer needs. The company services include Business Intelligence & Big Data, SAP Development, ERP S/4 HANA, SAP application service, e-Drugs, E-JPK, HR Cloud Portal and Research & Development.

KBJ (WAR:KBJ) Headlines

No Headlines