GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PKO Bank Polski SA (OTCPK:PSZKF) » Definitions » Cyclically Adjusted PB Ratio

PKO Bank Polski (PKO Bank Polski) Cyclically Adjusted PB Ratio : 1.31 (As of Apr. 28, 2024)


View and export this data going back to 2004. Start your Free Trial

What is PKO Bank Polski Cyclically Adjusted PB Ratio?

As of today (2024-04-28), PKO Bank Polski's current share price is $4.25. PKO Bank Polski's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.24. PKO Bank Polski's Cyclically Adjusted PB Ratio for today is 1.31.

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

PSZKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.42   Max: 2.17
Current: 1.61

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 1.42.

PSZKF's Cyclically Adjusted PB Ratio is ranked worse than
80.46% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs PSZKF: 1.61

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 Dec. 2023 was $8.965. 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 $3.24 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.85 0.76 0.95 0.92 1.31

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
=4.25/3.24
=1.31

* 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 Dec. 2023 is calculated as:

For example, PKO Bank Polski'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)
=8.965/147.5783*147.5783
=8.965

Current CPI (Dec. 2023) = 147.5783.

PKO Bank Polski Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.141 101.262 7.492
201406 5.157 101.180 7.522
201409 5.353 100.611 7.852
201412 5.475 100.122 8.070
201503 5.606 100.041 8.270
201506 5.698 100.448 8.372
201509 5.866 99.634 8.689
201512 6.002 99.471 8.905
201603 6.154 98.983 9.175
201606 6.265 99.552 9.287
201609 6.409 99.064 9.548
201612 6.458 100.366 9.496
201703 6.609 101.018 9.655
201706 6.808 101.180 9.930
201709 7.006 101.343 10.202
201712 7.187 102.564 10.341
201803 7.247 102.564 10.428
201806 7.291 103.378 10.408
201809 7.476 103.378 10.672
201812 7.751 103.785 11.022
201903 7.876 104.274 11.147
201906 7.855 105.983 10.938
201909 8.134 105.983 11.326
201912 8.242 107.123 11.355
202003 8.424 109.076 11.398
202006 8.733 109.402 11.780
202009 8.876 109.320 11.982
202012 7.912 109.565 10.657
202103 8.044 112.658 10.537
202106 8.140 113.960 10.541
202109 8.234 115.588 10.513
202112 7.473 119.088 9.261
202203 7.081 125.031 8.358
202206 6.135 131.705 6.874
202209 6.283 135.531 6.841
202212 7.079 139.113 7.510
202303 7.780 145.950 7.867
202306 8.153 147.009 8.185
202309 9.002 146.113 9.092
202312 8.965 147.578 8.965

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:PSZKF) 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

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


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.