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Warsaw Stock Exchange (WAR:GPW) Cyclically Adjusted PB Ratio : 1.14 (As of Jun. 23, 2024)


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What is Warsaw Stock Exchange Cyclically Adjusted PB Ratio?

As of today (2024-06-23), Warsaw Stock Exchange's current share price is zł47.40. Warsaw Stock Exchange's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł41.40. Warsaw Stock Exchange's Cyclically Adjusted PB Ratio for today is 1.14.

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

WAR:GPW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.37   Max: 1.81
Current: 1.14

During the past years, Warsaw Stock Exchange's highest Cyclically Adjusted PB Ratio was 1.81. The lowest was 0.86. And the median was 1.37.

WAR:GPW's Cyclically Adjusted PB Ratio is ranked better than
50.55% of 637 companies
in the Capital Markets industry
Industry Median: 1.16 vs WAR:GPW: 1.14

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.

Warsaw Stock Exchange's adjusted book value per share data for the three months ended in Mar. 2024 was zł39.252. 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 zł41.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Warsaw Stock Exchange Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange Cyclically Adjusted PB Ratio Chart

Warsaw Stock Exchange 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 1.53 1.68 1.31 0.93 1.04

Warsaw Stock Exchange 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 0.89 0.94 0.92 1.04 1.02

Competitive Comparison of Warsaw Stock Exchange's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Warsaw Stock Exchange 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.

Warsaw Stock Exchange's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.40/41.4
=1.14

* 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.

Warsaw Stock Exchange's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Warsaw Stock Exchange'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)
=39.252/149.0435*149.0435
=39.252

Current CPI (Mar. 2024) = 149.0435.

Warsaw Stock Exchange Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.595 101.180 37.703
201409 24.846 100.611 36.807
201412 25.528 100.122 38.001
201503 27.125 100.041 40.412
201506 24.385 100.448 36.182
201509 25.491 99.634 38.132
201512 26.207 99.471 39.268
201603 27.474 98.983 41.369
201606 25.082 99.552 37.551
201609 26.564 99.064 39.966
201612 26.848 100.366 39.869
201703 28.401 101.018 41.903
201706 26.627 101.180 39.223
201709 28.355 101.343 41.701
201712 29.271 102.564 42.536
201803 30.867 102.564 44.855
201806 30.373 103.378 43.790
201809 31.756 103.378 45.784
201812 32.627 103.785 46.855
201903 33.605 104.274 48.033
201906 30.271 105.983 42.570
201909 31.664 105.983 44.529
201912 31.839 107.123 44.299
202003 33.124 109.076 45.261
202006 31.068 109.402 42.326
202009 32.265 109.320 43.989
202012 33.733 109.565 45.888
202103 35.415 112.658 46.853
202106 32.961 113.960 43.108
202109 34.251 115.588 44.164
202112 35.560 119.088 44.505
202203 36.806 125.031 43.875
202206 33.870 131.705 38.329
202209 35.016 135.531 38.507
202212 36.426 139.113 39.026
202303 37.519 145.950 38.314
202306 35.039 147.009 35.524
202309 36.565 146.113 37.298
202312 38.208 147.741 38.545
202403 39.252 149.044 39.252

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.


Warsaw Stock Exchange  (WAR:GPW) 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.


Warsaw Stock Exchange Cyclically Adjusted PB Ratio Related Terms

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


Warsaw Stock Exchange (WAR:GPW) Business Description

Traded in Other Exchanges
Address
ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.

Warsaw Stock Exchange (WAR:GPW) Headlines

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