Komercni Banka AS (XPRA:KOMB) Cyclically Adjusted Book per Share: Kč714.83 (As of Jun. 2026)

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.
Reviewed by: Charlie Tian Charlie Tian
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.

XPRA:KOMB Komercni Banka AS XPRA:KOMB
66 GF Score
Price Kč1,073.00
GF Value Kč962.31
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Komercni Banka AS Cyclically Adjusted Book per Share?

Komercni Banka AS XPRA:KOMB -0.56% 66 Cyclically Adjusted Book per Share is Kč714.83 as of Jun. 2026. GuruFocus rates XPRA:KOMB with a GF Score™ of 66/100 and a GF Value™ of Kč962.31 (Modestly Overvalued). The stock has 5 warning signs investors should review.

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.

Komercni Banka AS's adjusted book value per share for the three months ended in Jun. 2026 was Kč622.760. 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 Kč714.83 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Komercni Banka AS's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 Komercni Banka AS was 7.50% per year. The lowest was 2.30% per year. And the median was 5.35% per year.

As of today (2026-09-03), Komercni Banka AS's current stock price is Kč1073.00. Komercni Banka AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Kč714.83. Komercni Banka AS's Cyclically Adjusted PB Ratio of today is 1.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Komercni Banka AS was 1.78. The lowest was 0.86. And the median was 1.20.


Komercni Banka AS  (XPRA:KOMB) 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.

Komercni Banka AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1073.00/714.83
=1.50

* 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 Komercni Banka AS was 1.78. The lowest was 0.86. And the median was 1.20.


Be Aware

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


Komercni Banka AS Cyclically Adjusted Book per Share Related Terms


Komercni Banka AS Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Komercni Banka AS'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.

Komercni Banka AS Cyclically Adjusted Book per Share Chart

Komercni Banka AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 609.18 651.66 674.04 687.65 698.37

Komercni Banka AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 698.73 701.71 698.37 709.39 714.83

XPRA:KOMB vs USB, PNC: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Komercni Banka AS'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.


Komercni Banka AS Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Komercni Banka AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XPRA:KOMB
66GF Score
Komercni Banka AS XPRA:KOMB
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Komercni Banka AS 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, Komercni Banka AS's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=622.76/333.9520*333.9520
=622.760

Current CPI (Jun. 2026) = 333.9520.

Komercni Banka AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 543.054 241.428 751.172
201612 537.817 241.432 743.916
201703 544.870 243.801 746.348
201706 507.360 244.955 691.694
201709 504.988 246.819 683.261
201712 500.116 246.524 677.479
201803 514.964 249.554 689.122
201806 486.529 251.989 644.779
201809 509.822 252.439 674.444
201812 529.139 251.233 703.359
201903 546.400 254.202 717.820
201906 517.807 256.143 675.102
201909 538.368 256.759 700.225
201912 558.838 256.974 726.241
202003 567.279 258.115 733.952
202006 580.686 257.797 752.225
202009 590.588 260.280 757.753
202012 602.660 260.474 772.666
202103 613.626 264.877 773.648
202106 632.747 271.696 777.734
202109 655.531 274.310 798.060
202112 653.985 278.802 783.350
202203 668.673 287.504 776.701
202206 646.794 296.311 728.958
202209 667.927 296.808 751.515
202212 643.051 296.797 723.552
202303 661.954 301.836 732.387
202306 622.956 305.109 681.846
202309 645.338 307.789 700.194
202312 662.187 306.746 720.918
202403 676.521 312.332 723.351
202406 612.800 314.175 651.375
202409 644.925 315.301 683.074
202412 670.659 315.605 709.646
202503 681.583 319.799 711.747
202506 615.299 322.561 637.028
202509 649.733 324.800 668.041
202512 673.683 324.054 694.260
202603 693.751 330.213 701.606
202606 622.760 333.952 622.760

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 Kč714.83 mean?
Komercni Banka AS (XPRA:KOMB) has a Cyclically Adjusted Book per Share of Kč714.83 as of Jun. 2026. 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 Komercni Banka AS and its competitors.
Is Komercni Banka AS's Cyclically Adjusted Book per Share too high?
Komercni Banka AS's current Cyclically Adjusted Book per Share is Kč714.83. Overall, Komercni Banka AS has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Komercni Banka AS's Cyclically Adjusted Book per Share compare to USB and PNC?
Komercni Banka AS's Cyclically Adjusted Book per Share of Kč714.83 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 Komercni Banka AS and its competitors. Komercni Banka AS's current Cyclically Adjusted Book per Share is Kč714.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Komercni Banka AS stock overvalued right now?
Based on GuruFocus' analysis, Komercni Banka AS (XPRA:KOMB) is currently considered Modestly Overvalued. The stock's GF Value™ is Kč962.31, compared to a current price of Kč1,073.00 — trading 11.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is Kč714.83. Komercni Banka AS's overall GF Score™ is 66/100 with 5 warning signs to review. 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 Komercni Banka AS (XPRA:KOMB), the current Cyclically Adjusted Book per Share is Kč714.83 as of Jun. 2026. 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.

Is Komercni Banka AS (XPRA:KOMB) Overvalued in 2026?

Based on GuruFocus' analysis, Komercni Banka AS stock appears to be overvalued. The current stock price of Kč1,073.00 is trading 11.5% above its estimated GF Value™ of Kč962.31. GuruFocus considers Komercni Banka AS to be Modestly Overvalued.

Key valuation signals for XPRA:KOMB:

  • Cyclically Adjusted Book per Share: Kč714.83
  • GF Value™: Kč962.31 vs. price of Kč1,073.00 (11.5% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the XPRA:KOMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Komercni Banka AS Business Description

Other Exchanges KONN:Germany
Address Na Prikope 33 cp. 969, P.O. BOX 839, Prague 1, CZE, 114 07
Komercni Banka AS is a universal bank providing a wide range of retail, corporate, and investment banking activities. These activities are complemented by other specialized services, including pension insurance, building savings, leasing, factoring, consumer loans, insurance, and services of fintech companies. The Group has the following operating segments: i) Retail Banking: includes the provision of products and services to individuals, ii) Corporate Banking: includes the provision of products and services to corporate entities, iii) Investment Banking: involves trading in financial instruments; and iv) Other: consists of the head office of the Bank. The majority of the revenue is derived from the Retail banking segment.
66GF Score

Get the complete analysis for XPRA:KOMB

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Kč1,073.00
Price
Kč962.31
GF Value