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PKO Bank Polski (XPRA:PKO) Cyclically Adjusted Book per Share : Kč226.77 (As of Mar. 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 Mar. 2024 was Kč224.245. 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 Kč226.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PKO Bank Polski's average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 11.50% per year.

As of today (2024-06-08), PKO Bank Polski's current stock price is Kč333.10. PKO Bank Polski's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Kč226.77. PKO Bank Polski's Cyclically Adjusted PB Ratio of today is 1.47.

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 1.43.


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 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 172.97 164.62 161.86 177.82 219.93

PKO Bank Polski 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 170.47 172.58 200.42 219.93 226.77

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.



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 Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=224.245/149.0435*149.0435
=224.245

Current CPI (Mar. 2024) = 149.0435.

PKO Bank Polski Quarterly Data

Book Value per Share CPI Adj_Book
201406 122.481 101.180 180.420
201409 127.132 100.611 188.332
201412 130.030 100.122 193.565
201503 133.140 100.041 198.356
201506 135.339 100.448 200.815
201509 139.322 99.634 208.414
201512 142.539 99.471 213.575
201603 146.166 98.983 220.090
201606 148.785 99.552 222.752
201609 152.204 99.064 228.994
201612 153.373 100.366 227.758
201703 156.969 101.018 231.596
201706 161.690 101.180 238.177
201709 166.397 101.343 244.717
201712 170.704 102.564 248.063
201803 172.125 102.564 250.128
201806 173.156 103.378 249.645
201809 177.552 103.378 255.982
201812 184.090 103.785 264.368
201903 187.046 104.274 267.355
201906 186.552 105.983 262.348
201909 193.193 105.983 271.687
201912 195.744 107.123 272.346
202003 200.065 109.076 273.372
202006 207.413 109.402 282.569
202009 210.811 109.320 287.412
202012 187.917 109.565 255.628
202103 191.047 112.658 252.751
202106 193.335 113.960 252.855
202109 195.561 115.588 252.163
202112 177.482 119.088 222.125
202203 168.172 125.031 200.471
202206 145.701 131.705 164.882
202209 149.231 135.531 164.109
202212 168.134 139.113 180.137
202303 184.782 145.950 188.698
202306 193.631 147.009 196.311
202309 213.791 146.113 218.079
202312 212.929 147.741 214.806
202403 224.245 149.044 224.245

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


PKO Bank Polski  (XPRA: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
=333.10/226.77
=1.47

* 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 1.43.


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 (XPRA:PKO) Business Description

Industry
Traded in Other Exchanges
Address
Pu?awska street 15, Warsaw, POL, 02-515
PKO Bank Polski SA is a universal banking group operating primarily in Poland, with subsidiaries in the Ukraine and Sweden. The bank's corporate strategy places a premium on organic growth and acquisitions. It has a strong presence in retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management. Majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Net fees and commissions, in contrast, are diversified across loans and insurance, mutual funds and brokerage, cards, and customer accounts. The bank has an appreciably large portion of its deposit base originating from retail clients in relation to competitors.

PKO Bank Polski (XPRA:PKO) Headlines

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