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Energa (WAR:ENG) Cyclically Adjusted Book per Share : zł31.16 (As of Dec. 2023)


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What is Energa 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.

Energa's adjusted book value per share for the three months ended in Dec. 2023 was zł27.807. 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 zł31.16 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Energa's average Cyclically Adjusted Book Growth Rate was 6.90% 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.

As of today (2024-06-08), Energa's current stock price is zł10.12. Energa's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was zł31.16. Energa's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Energa was 0.37. The lowest was 0.21. And the median was 0.28.


Energa Cyclically Adjusted Book per Share Historical Data

The historical data trend for Energa'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.

Energa Cyclically Adjusted Book per Share Chart

Energa 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 - - 24.94 29.14 31.16

Energa 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 29.14 30.66 30.95 30.83 31.16

Competitive Comparison of Energa's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Energa'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.


Energa's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Energa 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, Energa'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)
=27.807/147.7411*147.7411
=27.807

Current CPI (Dec. 2023) = 147.7411.

Energa Quarterly Data

Book Value per Share CPI Adj_Book
201403 20.221 101.262 29.502
201406 19.741 101.180 28.825
201409 20.176 100.611 29.627
201412 20.567 100.122 30.349
201503 21.384 100.041 31.580
201506 20.506 100.448 30.161
201509 20.906 99.634 31.000
201512 21.180 99.471 31.458
201603 21.250 98.983 31.718
201606 20.500 99.552 30.423
201609 20.978 99.064 31.286
201612 21.197 100.366 31.202
201703 21.922 101.018 32.062
201706 22.047 101.180 32.193
201709 22.204 101.343 32.370
201712 22.723 102.564 32.732
201803 23.808 102.564 34.295
201806 24.532 103.378 35.060
201809 24.786 103.378 35.423
201812 24.863 103.785 35.393
201903 25.208 104.274 35.716
201906 25.472 105.983 35.508
201909 25.665 105.983 35.777
201912 22.347 107.123 30.821
202003 22.438 109.076 30.392
202006 20.388 109.402 27.533
202009 20.625 109.320 27.874
202012 21.202 109.565 28.590
202103 22.110 112.658 28.995
202106 22.851 113.960 29.625
202109 23.634 115.588 30.208
202112 24.170 119.088 29.985
202203 25.764 125.031 30.444
202206 27.013 131.705 30.302
202209 28.126 135.531 30.660
202212 26.520 139.113 28.165
202303 30.280 145.950 30.652
202306 29.848 147.009 29.997
202309 30.275 146.113 30.612
202312 27.807 147.741 27.807

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


Energa  (WAR:ENG) 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.

Energa's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.12/31.16
=0.32

* 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 Energa was 0.37. The lowest was 0.21. And the median was 0.28.


Be Aware

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


Energa Cyclically Adjusted Book per Share Related Terms

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


Energa (WAR:ENG) Business Description

Industry
Traded in Other Exchanges
Address
Al. Grunwaldzka 472, Gdansk, POL, 80-309
Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity.