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One (WAR:FMG) Cyclically Adjusted PB Ratio : 0.42 (As of May. 15, 2024)


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What is One Cyclically Adjusted PB Ratio?

As of today (2024-05-15), One's current share price is zł103.50. One's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was zł244.22. One's Cyclically Adjusted PB Ratio for today is 0.42.

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

WAR:FMG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.12   Max: 0.61
Current: 0.43

During the past years, One's highest Cyclically Adjusted PB Ratio was 0.61. The lowest was 0.04. And the median was 0.12.

WAR:FMG's Cyclically Adjusted PB Ratio is ranked better than
82.04% of 930 companies
in the Asset Management industry
Industry Median: 0.79 vs WAR:FMG: 0.43

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.

One's adjusted book value per share data for the three months ended in Jun. 2023 was zł163.967. 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 zł244.22 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


One Cyclically Adjusted PB Ratio Historical Data

The historical data trend for One'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.

One Cyclically Adjusted PB Ratio Chart

One Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.12 -

One Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 0.06 0.12 0.16 0.25 -

Competitive Comparison of One's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, One'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.


One's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, One's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



One 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.

One's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=103.50/244.22
=0.42

* 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.

One's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, One's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=163.967/147.0085*147.0085
=163.967

Current CPI (Jun. 2023) = 147.0085.

One Quarterly Data

Book Value per Share CPI Adj_Book
201306 323.168 100.855 471.058
201309 331.631 100.936 483.004
201312 328.690 101.018 478.335
201403 356.362 101.262 517.355
201406 402.508 101.180 584.818
201409 373.962 100.611 546.420
201412 392.705 100.122 576.606
201503 407.601 100.041 598.964
201506 410.440 100.448 600.692
201509 415.714 99.634 613.382
201512 245.879 99.471 363.386
201603 266.990 98.983 396.533
201606 226.490 99.552 334.457
201609 190.433 99.064 282.598
201612 77.552 100.366 113.592
201703 143.657 101.018 209.061
201706 78.523 101.180 114.089
201709 78.840 101.343 114.365
201712 79.969 102.564 114.622
201803 81.136 102.564 116.295
201806 78.675 103.378 111.880
201809 79.023 103.378 112.374
201812 83.060 103.785 117.652
201903 80.514 104.274 113.512
201906 50.961 105.983 70.688
201909 50.876 105.983 70.570
201912 65.802 107.123 90.303
202003 85.563 109.076 115.318
202006 109.163 109.402 146.688
202009 86.747 109.320 116.653
202012 42.256 109.565 56.697
202103 33.698 112.658 43.973
202106 74.589 113.960 96.220
202109 -15.294 115.588 -19.451
202203 108.747 125.031 127.863
202206 110.138 131.705 122.935
202209 138.244 135.531 149.951
202212 134.923 139.113 142.581
202303 187.254 145.950 188.612
202306 163.967 147.009 163.967

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.


One  (WAR:FMG) 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.


One Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of One's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


One (WAR:FMG) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Ulica Adama Naruszewicza 27 lok. 101, Warsaw, POL, 02-627
One SA, formerly Financial Assets Management Group SA is engaged in the management of companies under management contracts, creating and managing their offer, planning and implementation of strategies, an organization of financing development projects and supervision over ongoing investments. The revenues include management fees, considering the costs of currently implemented projects for supported clients and companies.

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