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Zamet (WAR:ZMT) Cyclically Adjusted Book per Share : zł1.70 (As of Mar. 2024)


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What is Zamet 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.

Zamet's adjusted book value per share for the three months ended in Mar. 2024 was zł1.252. 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 zł1.70 for the trailing ten years ended in Mar. 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 (2024-06-10), Zamet's current stock price is zł1.49. Zamet's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł1.70. Zamet's Cyclically Adjusted PB Ratio of today is 0.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zamet was 1.01. The lowest was 0.47. And the median was 0.64.


Zamet Cyclically Adjusted Book per Share Historical Data

The historical data trend for Zamet'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.

Zamet Cyclically Adjusted Book per Share Chart

Zamet 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 - - 1.45 1.64 1.70

Zamet 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 1.70 1.71 1.69 1.70 1.70

Competitive Comparison of Zamet's Cyclically Adjusted Book per Share

For the Steel subindustry, Zamet'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.


Zamet's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zamet's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Zamet 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, Zamet'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)
=1.252/149.0435*149.0435
=1.252

Current CPI (Mar. 2024) = 149.0435.

Zamet Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.364 101.180 2.009
201409 1.422 100.611 2.107
201412 1.456 100.122 2.167
201503 1.523 100.041 2.269
201506 1.577 100.448 2.340
201509 1.614 99.634 2.414
201512 1.602 99.471 2.400
201603 1.618 98.983 2.436
201606 1.757 99.552 2.630
201609 1.605 99.064 2.415
201612 1.002 100.366 1.488
201703 1.139 101.018 1.681
201706 1.130 101.180 1.665
201709 1.121 101.343 1.649
201712 1.087 102.564 1.580
201803 1.057 102.564 1.536
201806 1.094 103.378 1.577
201809 1.112 103.378 1.603
201812 1.136 103.785 1.631
201903 1.149 104.274 1.642
201906 1.200 105.983 1.688
201909 1.232 105.983 1.733
201912 1.083 107.123 1.507
202003 1.110 109.076 1.517
202006 1.138 109.402 1.550
202009 1.157 109.320 1.577
202012 1.171 109.565 1.593
202103 1.169 112.658 1.547
202106 1.170 113.960 1.530
202109 1.165 115.588 1.502
202112 1.172 119.088 1.467
202203 1.172 125.031 1.397
202206 1.110 131.705 1.256
202209 1.159 135.531 1.275
202212 1.146 139.113 1.228
202303 1.189 145.950 1.214
202306 1.221 147.009 1.238
202309 1.289 146.113 1.315
202312 1.267 147.741 1.278
202403 1.252 149.044 1.252

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


Zamet  (WAR:ZMT) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.49/1.7
=0.88

* 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 Zamet was 1.01. The lowest was 0.47. And the median was 0.64.


Be Aware

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


Zamet Cyclically Adjusted Book per Share Related Terms

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


Zamet (WAR:ZMT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zamet SA (WAR:ZMT) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
R. Dmowskiego 38B, Piotrkow Trybunalski, POL, 97-300
Zamet SA is a Polish company, manufacturers of large-size steel structures and machinery and equipment for the industry. The company is engaged in the implementation of projects such as heavy steel elements for the oil industry, lifting and loading equipment and steel structure for the mining industry.

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