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Arctic Paper (WAR:ATC) Cyclically Adjusted PB Ratio : 1.55 (As of May. 15, 2024)


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What is Arctic Paper Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Arctic Paper's current share price is zł21.88. 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 for today is 1.55.

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

WAR:ATC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.74   Max: 1.99
Current: 1.57

During the past years, Arctic Paper's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.26. And the median was 0.74.

WAR:ATC's Cyclically Adjusted PB Ratio is ranked worse than
76.61% of 218 companies
in the Forest Products industry
Industry Median: 0.875 vs WAR:ATC: 1.57

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arctic Paper Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Arctic Paper'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.

Arctic Paper Cyclically Adjusted PB Ratio Chart

Arctic Paper 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 0.35 0.59 0.81 1.57 1.58

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 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 1.57 1.50 1.37 1.10 1.58

Competitive Comparison of Arctic Paper's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.88/14.12
=1.55

* 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.

Arctic Paper's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

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.

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.


Arctic Paper  (WAR:ATC) 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.


Arctic Paper Cyclically Adjusted PB Ratio Related Terms

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


Arctic Paper (WAR:ATC) Business Description

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.