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Polska Grupa Energetyczna (WAR:PGE) Cyclically Adjusted PB Ratio : 0.21 (As of Jun. 08, 2024)


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What is Polska Grupa Energetyczna Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Polska Grupa Energetyczna's current share price is zł6.786. Polska Grupa Energetyczna's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł31.93. Polska Grupa Energetyczna's Cyclically Adjusted PB Ratio for today is 0.21.

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

WAR:PGE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.3   Max: 0.53
Current: 0.21

During the past years, Polska Grupa Energetyczna's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.12. And the median was 0.30.

WAR:PGE's Cyclically Adjusted PB Ratio is ranked better than
94.96% of 456 companies
in the Utilities - Regulated industry
Industry Median: 1.4 vs WAR:PGE: 0.21

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.

Polska Grupa Energetyczna's adjusted book value per share data for the three months ended in Mar. 2024 was zł21.522. 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 zł31.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polska Grupa Energetyczna Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Polska Grupa Energetyczna'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.

Polska Grupa Energetyczna Cyclically Adjusted PB Ratio Chart

Polska Grupa Energetyczna 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 0.33 0.26 0.30 0.22 0.27

Polska Grupa Energetyczna 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 0.19 0.22 0.23 0.27 0.23

Competitive Comparison of Polska Grupa Energetyczna's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Electric subindustry, Polska Grupa Energetyczna'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.


Polska Grupa Energetyczna's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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



Polska Grupa Energetyczna 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.

Polska Grupa Energetyczna's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.786/31.93
=0.21

* 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.

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

For example, Polska Grupa Energetyczna'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)
=21.522/149.0435*149.0435
=21.522

Current CPI (Mar. 2024) = 149.0435.

Polska Grupa Energetyczna Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.415 101.180 34.491
201409 23.605 100.611 34.968
201412 23.943 100.122 35.642
201503 24.557 100.041 36.586
201506 20.553 100.448 30.496
201509 21.102 99.634 31.567
201512 21.565 99.471 32.312
201603 22.031 98.983 33.173
201606 21.625 99.552 32.376
201609 21.922 99.064 32.982
201612 22.826 100.366 33.897
201703 23.322 101.018 34.410
201706 23.593 101.180 34.754
201709 24.383 101.343 35.860
201712 24.136 102.564 35.074
201803 24.853 102.564 36.116
201806 25.052 103.378 36.118
201809 25.242 103.378 36.392
201812 24.991 103.785 35.889
201903 25.283 104.274 36.138
201906 25.765 105.983 36.233
201909 26.052 105.983 36.637
201912 22.617 107.123 31.468
202003 22.913 109.076 31.309
202006 22.131 109.402 30.150
202009 22.347 109.320 30.467
202012 22.740 109.565 30.934
202103 23.210 112.658 30.706
202106 24.134 113.960 31.564
202109 24.707 115.588 31.858
202112 25.401 119.088 31.790
202203 26.130 125.031 31.148
202206 29.266 131.705 33.119
202209 24.890 135.531 27.372
202212 23.861 139.113 25.564
202303 24.476 145.950 24.995
202306 24.202 147.009 24.537
202309 24.836 146.113 25.334
202312 20.891 147.741 21.075
202403 21.522 149.044 21.522

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.


Polska Grupa Energetyczna  (WAR:PGE) 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.


Polska Grupa Energetyczna Cyclically Adjusted PB Ratio Related Terms

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


Polska Grupa Energetyczna (WAR:PGE) Business Description

Traded in Other Exchanges
Address
Aleja Krasnicka 27, Warsaw, POL, 20-718
Polska Grupa Energetyczna SA is a Polish electric utility company of which the Polish State Treasury is the majority shareholder. The vast majority of Polska Grupa's revenue comes, collectively, from its conventional generation business, which mines coal and controls power plant operations; its distribution business, which distributes electricity throughout Poland; and its supply business, which purchases and sells electricity and heat. Polska Grupa controls a portfolio of lignite, coal, gas, biomass, hydro, and wind power plants. most of the company's power production is derived from its lignite-fired and coal-fired facilities. Almost all of Polska Grupa's revenue comes from the Polish market, and it is one of the largest energy producers in the country.

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