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Tarczynski (WAR:TAR) Cyclically Adjusted Book per Share : zł27.20 (As of Dec. 2023)


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What is Tarczynski 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.

Tarczynski's adjusted book value per share for the three months ended in Dec. 2023 was zł49.352. 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 zł27.20 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Tarczynski's average Cyclically Adjusted Book Growth Rate was 18.30% 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 (2024-05-28), Tarczynski's current stock price is zł80.60. Tarczynski's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was zł27.20. Tarczynski's Cyclically Adjusted PB Ratio of today is 2.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tarczynski was 3.02. The lowest was 1.65. And the median was 1.94.


Tarczynski Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tarczynski'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.

Tarczynski Cyclically Adjusted Book per Share Chart

Tarczynski 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 - - 17.53 22.99 27.20

Tarczynski Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 22.99 24.95 25.51 26.05 27.20

Competitive Comparison of Tarczynski's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Tarczynski'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.


Tarczynski's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tarczynski's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tarczynski 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, Tarczynski's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=49.352/147.7411*147.7411
=49.352

Current CPI (Dec. 2023) = 147.7411.

Tarczynski Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.402 101.262 15.177
201406 10.431 101.180 15.231
201409 10.786 100.611 15.839
201412 10.849 100.122 16.009
201503 11.311 100.041 16.704
201506 11.701 100.448 17.210
201509 12.271 99.634 18.196
201512 12.622 99.471 18.747
201603 12.903 98.983 19.259
201606 12.524 99.552 18.586
201609 12.836 99.064 19.143
201612 12.904 100.366 18.995
201703 13.122 101.018 19.191
201706 12.681 101.180 18.516
201709 13.513 101.343 19.700
201712 14.358 102.564 20.682
201803 14.851 102.564 21.393
201806 13.863 103.378 19.812
201809 15.093 103.378 21.570
201812 16.411 103.785 23.362
201903 17.039 104.274 24.142
201906 16.651 105.983 23.212
201909 17.764 105.983 24.763
201912 18.393 107.123 25.367
202003 18.687 109.076 25.311
202006 19.569 109.402 26.427
202009 22.673 109.320 30.641
202012 26.179 109.565 35.301
202103 29.135 112.658 38.208
202106 28.843 113.960 37.393
202109 31.392 115.588 40.124
202112 33.660 119.088 41.759
202203 35.341 125.031 41.760
202206 36.385 131.705 40.815
202209 39.093 135.531 42.615
202212 40.513 139.113 43.026
202303 40.651 145.950 41.150
202306 40.610 147.009 40.812
202309 41.921 146.113 42.388
202312 49.352 147.741 49.352

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


Tarczynski  (WAR:TAR) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=80.60/27.2
=2.96

* 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 Tarczynski was 3.02. The lowest was 1.65. And the median was 1.94.


Be Aware

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


Tarczynski Cyclically Adjusted Book per Share Related Terms

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


Tarczynski (WAR:TAR) Business Description

Traded in Other Exchanges
N/A
Address
Ujezdziec Maly 80, Trzebnica, POL, 55-100
Tarczynski SA is a producer of meat products. It offers cold meat, smoked meat, fillet cold meat, thick and thin sausages, jars, poultry cold cuts, gryzzale poultry products, maturing meat, turkey meat and extra dry sausages, roasted chicken, dry and semi-dry sausages.

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