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PKO Bank Polski (WAR:PKO) Cyclically Adjusted Book per Share : zł40.98 (As of Dec. 2024)


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What is PKO Bank Polski 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.

PKO Bank Polski's adjusted book value per share for the three months ended in Dec. 2024 was zł41.905. 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 zł40.98 for the trailing ten years ended in Dec. 2024.

During the past 12 months, PKO Bank Polski's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.20% 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 PKO Bank Polski was 12.70% per year. The lowest was 8.00% per year. And the median was 10.50% per year.

As of today (2025-05-09), PKO Bank Polski's current stock price is zł74.56. PKO Bank Polski's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was zł40.98. PKO Bank Polski's Cyclically Adjusted PB Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PKO Bank Polski was 2.17. The lowest was 0.63. And the median was 1.45.


PKO Bank Polski Cyclically Adjusted Book per Share Historical Data

The historical data trend for PKO Bank Polski'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.

PKO Bank Polski Cyclically Adjusted Book per Share Chart

PKO Bank Polski 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 26.87 30.39 35.67 38.44 40.98

PKO Bank Polski 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 38.44 38.96 39.64 40.46 40.98

Competitive Comparison of PKO Bank Polski's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, PKO Bank Polski'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.


PKO Bank Polski's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PKO Bank Polski's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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PKO Bank Polski 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, PKO Bank Polski'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)
=41.905/154.6602*154.6602
=41.905

Current CPI (Dec. 2024) = 154.6602.

PKO Bank Polski Quarterly Data

Book Value per Share CPI Adj_Book
201503 22.629 100.041 34.984
201506 23.003 100.448 35.418
201509 23.680 99.634 36.758
201512 24.227 99.471 37.669
201603 24.843 98.983 38.817
201606 25.288 99.552 39.286
201609 25.869 99.064 40.387
201612 26.068 100.366 40.170
201703 26.679 101.018 40.846
201706 27.482 101.180 42.008
201709 28.282 101.343 43.161
201712 29.014 102.564 43.751
201803 29.255 102.564 44.115
201806 29.430 103.378 44.029
201809 30.178 103.378 45.148
201812 31.289 103.785 46.627
201903 31.791 104.274 47.153
201906 31.707 105.983 46.270
201909 32.836 105.983 47.917
201912 33.270 107.123 48.034
202003 34.004 109.076 48.215
202006 35.253 109.402 49.837
202009 35.830 109.320 50.690
202012 31.939 109.565 45.085
202103 32.471 112.658 44.577
202106 32.860 113.960 44.596
202109 33.238 115.588 44.473
202112 30.166 119.088 39.177
202203 28.583 125.031 35.357
202206 24.764 131.705 29.080
202209 25.364 135.531 28.944
202212 28.577 139.113 31.771
202303 31.406 145.950 33.280
202306 32.910 147.009 34.623
202309 36.337 146.113 38.463
202312 36.190 147.741 37.885
202403 38.114 149.044 39.550
202406 37.555 150.997 38.466
202409 40.364 153.439 40.685
202412 41.905 154.660 41.905

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


PKO Bank Polski  (WAR:PKO) 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.

PKO Bank Polski's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=74.56/40.98
=1.82

* 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 PKO Bank Polski was 2.17. The lowest was 0.63. And the median was 1.45.


Be Aware

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


PKO Bank Polski Cyclically Adjusted Book per Share Related Terms

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


PKO Bank Polski Business Description

Industry
Address
Pulawska Street 15, Warsaw, POL, 02-515
PKO Bank Polski SA is a universal banking group operating predominantly in Poland. Its various products and service offerings include retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management, among others. The majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Along with its subsidiaries, the company operates in three main segments Retail, Corporate and Investment, and Transfer Center and Other. Maximum revenue is generated from the Retail segment, which offers various services to individuals as part of retail, private, and mortgage banking, and to legal entities as part of corporate banking.

PKO Bank Polski Headlines

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