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Arctic Paper (WAR:ATC) Cyclically Adjusted Book per Share : zł14.12 (As of Dec. 2023)


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What is Arctic Paper 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.

Arctic Paper's adjusted book value per share for the three months ended in Dec. 2023 was zł20.832. 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 zł14.12 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Arctic Paper's average Cyclically Adjusted Book Growth Rate was 13.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Arctic Paper was 13.70% per year. The lowest was 1.80% per year. And the median was 8.40% per year.

As of today (2024-04-27), Arctic Paper's current stock price is zł20.84. Arctic Paper's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was zł14.12. Arctic Paper's Cyclically Adjusted PB Ratio of today is 1.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arctic Paper was 1.99. The lowest was 0.26. And the median was 0.73.


Arctic Paper Cyclically Adjusted Book per Share Historical Data

The historical data trend for Arctic Paper'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.

Arctic Paper Cyclically Adjusted Book per Share Chart

Arctic Paper 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 9.79 9.61 10.24 12.48 14.12

Arctic Paper Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 12.48 13.32 13.61 13.74 14.12

Competitive Comparison of Arctic Paper's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, Arctic Paper'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.


Arctic Paper's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Arctic Paper's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Arctic Paper 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, Arctic Paper's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=20.832/147.5783*147.5783
=20.832

Current CPI (Dec. 2023) = 147.5783.

Arctic Paper Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.433 101.262 10.833
201406 7.492 101.180 10.928
201409 7.934 100.611 11.638
201412 7.846 100.122 11.565
201503 7.730 100.041 11.403
201506 7.735 100.448 11.364
201509 7.657 99.634 11.342
201512 7.103 99.471 10.538
201603 6.983 98.983 10.411
201606 7.166 99.552 10.623
201609 7.496 99.064 11.167
201612 7.845 100.366 11.535
201703 7.665 101.018 11.198
201706 7.723 101.180 11.265
201709 8.220 101.343 11.970
201712 7.930 102.564 11.410
201803 8.234 102.564 11.848
201806 8.459 103.378 12.076
201809 8.754 103.378 12.497
201812 8.322 103.785 11.834
201903 8.123 104.274 11.496
201906 8.458 105.983 11.778
201909 8.914 105.983 12.413
201912 8.759 107.123 12.067
202003 8.763 109.076 11.856
202006 9.422 109.402 12.710
202009 10.181 109.320 13.744
202012 10.824 109.565 14.579
202103 11.114 112.658 14.559
202106 11.196 113.960 14.499
202109 12.156 115.588 15.520
202112 13.164 119.088 16.313
202203 15.430 125.031 18.213
202206 20.071 131.705 22.490
202209 24.643 135.531 26.833
202212 22.913 139.113 24.307
202303 22.927 145.950 23.183
202306 19.516 147.009 19.592
202309 20.249 146.113 20.452
202312 20.832 147.578 20.832

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


Arctic Paper  (WAR:ATC) 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.

Arctic Paper's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.84/14.12
=1.48

* 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 Arctic Paper was 1.99. The lowest was 0.26. And the median was 0.73.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Arctic Paper Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Arctic Paper's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Arctic Paper (WAR:ATC) Business Description

Industry
Traded in Other Exchanges
Address
UL. Fabryczna 1, Kostrzyn nad Odra, Lubuskie, POL, 66470
Arctic Paper SA is a holding company in Poland. The company produces a volume of bulky book paper and produces high-quality graphic paper in Europe. The group produces numerous types of uncoated and coated wood-free paper as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses and the advertising industry. The company operates solely in the segment of high-quality graphic papers which is split into three core segments: Uncoated paper, Pulp, coated papers, and Other. Majority of revenue is generated from Uncoated segment.

Arctic Paper (WAR:ATC) Headlines

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