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PKO Bank Polski (PKO Bank Polski) Cyclically Adjusted PB Ratio : 1.43 (As of Jun. 14, 2024)


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What is PKO Bank Polski Cyclically Adjusted PB Ratio?

As of today (2024-06-14), PKO Bank Polski's current share price is $14.50. PKO Bank Polski's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $10.16. PKO Bank Polski's Cyclically Adjusted PB Ratio for today is 1.43.

The historical rank and industry rank for PKO Bank Polski's Cyclically Adjusted PB Ratio or its related term are showing as below:

PSZKY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.43   Max: 2.17
Current: 1.46

During the past years, PKO Bank Polski's highest Cyclically Adjusted PB Ratio was 2.17. The lowest was 0.63. And the median was 1.43.

PSZKY's Cyclically Adjusted PB Ratio is ranked worse than
79.43% of 1196 companies
in the Banks industry
Industry Median: 0.91 vs PSZKY: 1.46

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 adjusted book value per share data for the three months ended in Mar. 2024 was $9.324. 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 $10.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PKO Bank Polski Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PKO Bank Polski's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

PKO Bank Polski Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.07 1.48 0.85 1.31

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 PB Ratio 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 0.76 0.95 0.92 1.31 1.52

Competitive Comparison of PKO Bank Polski's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.50/10.16
=1.43

* 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.

PKO Bank Polski's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=9.324/149.0435*149.0435
=9.324

Current CPI (Mar. 2024) = 149.0435.

PKO Bank Polski Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.093 101.180 7.502
201409 5.286 100.611 7.831
201412 5.407 100.122 8.049
201503 5.536 100.041 8.248
201506 5.627 100.448 8.349
201509 5.793 99.634 8.666
201512 5.927 99.471 8.881
201603 6.078 98.983 9.152
201606 6.186 99.552 9.261
201609 6.329 99.064 9.522
201612 6.377 100.366 9.470
201703 6.527 101.018 9.630
201706 6.723 101.180 9.903
201709 6.919 101.343 10.176
201712 7.098 102.564 10.315
201803 7.157 102.564 10.400
201806 7.200 103.378 10.380
201809 7.383 103.378 10.644
201812 7.654 103.785 10.992
201903 7.777 104.274 11.116
201906 7.757 105.983 10.909
201909 8.033 105.983 11.297
201912 8.139 107.123 11.324
202003 8.319 109.076 11.367
202006 8.624 109.402 11.749
202009 8.765 109.320 11.950
202012 7.813 109.565 10.628
202103 7.944 112.658 10.510
202106 8.039 113.960 10.514
202109 8.131 115.588 10.484
202112 7.380 119.088 9.236
202203 6.992 125.031 8.335
202206 6.058 131.705 6.855
202209 6.205 135.531 6.824
202212 6.991 139.113 7.490
202303 7.683 145.950 7.846
202306 8.051 147.009 8.162
202309 8.889 146.113 9.067
202312 8.853 147.741 8.931
202403 9.324 149.044 9.324

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


PKO Bank Polski  (OTCPK:PSZKY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PKO Bank Polski Cyclically Adjusted PB Ratio Related Terms

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PKO Bank Polski (PKO Bank Polski) Business Description

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.