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KGHM Polska Miedz (XPRA:KGH) Cyclically Adjusted PB Ratio : 0.94 (As of Jun. 19, 2024)


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What is KGHM Polska Miedz Cyclically Adjusted PB Ratio?

As of today (2024-06-19), KGHM Polska Miedz's current share price is Kč824.20. KGHM Polska Miedz's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Kč874.83. KGHM Polska Miedz's Cyclically Adjusted PB Ratio for today is 0.94.

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

XPRA:KGH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.92   Max: 1.91
Current: 0.92

During the past years, KGHM Polska Miedz's highest Cyclically Adjusted PB Ratio was 1.91. The lowest was 0.49. And the median was 0.92.

XPRA:KGH's Cyclically Adjusted PB Ratio is ranked worse than
52.82% of 1634 companies
in the Metals & Mining industry
Industry Median: 0.81 vs XPRA:KGH: 0.92

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.

KGHM Polska Miedz's adjusted book value per share data for the three months ended in Mar. 2024 was Kč840.412. 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 Kč874.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KGHM Polska Miedz Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz Cyclically Adjusted PB Ratio Chart

KGHM Polska Miedz 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 0.90 1.64 1.14 0.88 0.80

KGHM Polska Miedz 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 0.81 0.74 0.74 0.80 0.75

Competitive Comparison of KGHM Polska Miedz's Cyclically Adjusted PB Ratio

For the Copper subindustry, KGHM Polska Miedz'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.


KGHM Polska Miedz's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



KGHM Polska Miedz 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.

KGHM Polska Miedz's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=824.20/874.83
=0.94

* 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.

KGHM Polska Miedz's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, KGHM Polska Miedz'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)
=840.412/149.0435*149.0435
=840.412

Current CPI (Mar. 2024) = 149.0435.

KGHM Polska Miedz Quarterly Data

Book Value per Share CPI Adj_Book
201406 669.001 101.180 985.471
201409 706.658 100.611 1,046.837
201412 737.466 100.122 1,097.805
201503 762.999 100.041 1,136.738
201506 767.895 100.448 1,139.397
201509 762.037 99.634 1,139.942
201512 589.081 99.471 882.657
201603 592.287 98.983 891.840
201606 590.451 99.552 883.986
201609 598.350 99.064 900.229
201612 459.700 100.366 682.652
201703 484.853 101.018 715.363
201706 496.978 101.180 732.073
201709 516.069 101.343 758.974
201712 515.719 102.564 749.430
201803 527.873 102.564 767.091
201806 524.143 103.378 755.674
201809 539.911 103.378 778.407
201812 557.661 103.785 800.845
201903 563.928 104.274 806.051
201906 579.171 105.983 814.487
201909 589.198 105.983 828.588
201912 586.137 107.123 815.514
202003 593.803 109.076 811.383
202006 592.112 109.402 806.664
202009 610.300 109.320 832.062
202012 611.845 109.565 832.309
202103 623.824 112.658 825.305
202106 693.105 113.960 906.482
202109 743.325 115.588 958.470
202112 788.298 119.088 986.585
202203 833.767 125.031 993.898
202206 920.652 131.705 1,041.850
202209 938.694 135.531 1,032.281
202212 935.284 139.113 1,002.051
202303 936.013 145.950 955.850
202306 953.821 147.009 967.024
202309 963.032 146.113 982.346
202312 832.572 147.741 839.911
202403 840.412 149.044 840.412

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.


KGHM Polska Miedz  (XPRA:KGH) 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.


KGHM Polska Miedz Cyclically Adjusted PB Ratio Related Terms

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


KGHM Polska Miedz (XPRA:KGH) Business Description

Traded in Other Exchanges
Address
48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301
KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.

KGHM Polska Miedz (XPRA:KGH) Headlines

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