Second Chamber (WAR:PIX) Cyclically Adjusted Book per Share: zł0.05 (As of Sep. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is Second Chamber Cyclically Adjusted Book per Share?

Second Chamber WAR:PIX Cyclically Adjusted Book per Share is zł0.05 as of Sep. 2024.

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.

Second Chamber's adjusted book value per share for the three months ended in Sep. 2024 was zł0.063. 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 zł0.05 for the trailing ten years ended in Sep. 2024.

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 (2026-08-01), Second Chamber's current stock price is zł0.052. Second Chamber's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was zł0.05. Second Chamber's Cyclically Adjusted PB Ratio of today is 1.04.


Second Chamber  (WAR:PIX) 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.

Second Chamber's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.052/0.05
=1.04

* 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.


Be Aware

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


Second Chamber Cyclically Adjusted Book per Share Related Terms


Second Chamber Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Second Chamber'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.

Second Chamber Cyclically Adjusted Book per Share Chart

Second Chamber 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 0.00 0.00 0.00 0.06 0.05

Second Chamber 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 0.06 0.05 0.05 0.05 0.05

WAR:PIX vs CRM, NOW, INTU: Cyclically Adjusted Book per Share Comparison

For the Software - Application subindustry, Second Chamber'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.


Second Chamber Cyclically Adjusted PB Ratio vs Software Industry

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

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



Second Chamber 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, Second Chamber'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)
=0.063/153.4391*153.4391
=0.063

Current CPI (Sep. 2024) = 153.4391.

Second Chamber Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.039 101.180 0.059
201409 0.069 100.611 0.105
201412 0.028 100.122 0.043
201503 0.025 100.041 0.038
201506 0.001 100.448 0.002
201509 0.069 99.634 0.106
201512 0.029 99.471 0.045
201609 0.000 99.064 0.000
201612 0.013 100.366 0.020
201703 0.000 101.018 0.000
201706 0.000 101.180 0.000
201709 0.030 101.343 0.045
201712 0.001 102.564 0.001
201803 0.034 102.564 0.051
201806 0.031 103.378 0.046
201809 0.027 103.378 0.040
201812 0.015 103.785 0.022
201903 0.013 104.274 0.019
201906 0.011 105.983 0.016
201909 0.010 105.983 0.014
201912 0.008 107.123 0.011
202003 0.006 109.076 0.008
202006 0.004 109.402 0.006
202009 -0.001 109.320 -0.001
202012 0.003 109.565 0.004
202103 -0.001 112.658 -0.001
202106 -0.002 113.960 -0.003
202109 -0.004 115.588 -0.005
202112 -0.006 119.088 -0.008
202203 0.141 125.031 0.173
202206 0.133 131.705 0.155
202209 0.126 135.531 0.143
202212 0.118 139.113 0.130
202303 0.110 145.950 0.116
202306 0.103 147.009 0.108
202309 0.094 146.113 0.099
202312 0.086 147.741 0.089
202403 0.078 149.044 0.080
202406 0.071 150.997 0.072
202409 0.063 153.439 0.063

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 zł0.05 mean?
Second Chamber (WAR:PIX) has a Cyclically Adjusted Book per Share of zł0.05 as of Sep. 2024. 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 Second Chamber and its competitors.
Is Second Chamber's Cyclically Adjusted Book per Share too high?
Second Chamber's current Cyclically Adjusted Book per Share is zł0.05.
How does Second Chamber's Cyclically Adjusted Book per Share compare to CRM and NOW?
Second Chamber's Cyclically Adjusted Book per Share of zł0.05 can be compared against companies in the Software 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 a Software company?
A good Cyclically Adjusted Book per Share depends on the Software 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 Second Chamber and its competitors. Second Chamber's current Cyclically Adjusted Book per Share is zł0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Second Chamber stock overvalued right now?
Second Chamber (WAR:PIX) has a current Cyclically Adjusted Book per Share of zł0.05. The current Cyclically Adjusted Book per Share is zł0.05. 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 Second Chamber (WAR:PIX), the current Cyclically Adjusted Book per Share is zł0.05 as of Sep. 2024. 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.

Second Chamber Business Description

Address al. gen. Jozefa Hallera 180/14, Wroclaw, POL, 53-203
Second Chamber SA, formerly Patent Fund SA is engaged in software development activities. It develops software in a service model for intellectual property rights such as trademarks, patents, and industrial design. The company's product Namegine creates software in the Software-as-a-Service model that protects the existing trademarks.