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Grempco (WAR:GRM) Cyclically Adjusted Book per Share : zł2.33 (As of Mar. 2024)


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What is Grempco 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.

Grempco's adjusted book value per share for the three months ended in Mar. 2024 was zł2.242. 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 zł2.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Grempco's average Cyclically Adjusted Book Growth Rate was 7.40% 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 (2024-06-01), Grempco's current stock price is zł0.62. Grempco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł2.33. Grempco's Cyclically Adjusted PB Ratio of today is 0.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Grempco was 0.51. The lowest was 0.22. And the median was 0.27.


Grempco Cyclically Adjusted Book per Share Historical Data

The historical data trend for Grempco'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.

Grempco Cyclically Adjusted Book per Share Chart

Grempco Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.86 2.17

Grempco Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 2.17 2.28 2.30 2.28 2.33

Competitive Comparison of Grempco's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Grempco'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.


Grempco's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Grempco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Grempco 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, Grempco'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)
=2.242/149.0435*149.0435
=2.242

Current CPI (Mar. 2024) = 149.0435.

Grempco Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.499 101.262 2.206
201406 1.565 101.180 2.305
201409 1.564 100.611 2.317
201412 1.490 100.122 2.218
201503 1.568 100.041 2.336
201506 1.489 100.448 2.209
201509 1.488 99.634 2.226
201512 1.500 99.471 2.248
201603 1.499 98.983 2.257
201606 1.497 99.552 2.241
201609 1.497 99.064 2.252
201612 1.516 100.366 2.251
201703 1.516 101.018 2.237
201706 1.550 101.180 2.283
201709 1.551 101.343 2.281
201712 1.576 102.564 2.290
201803 1.620 102.564 2.354
201806 1.617 103.378 2.331
201809 1.619 103.378 2.334
201812 1.647 103.785 2.365
201903 1.694 104.274 2.421
201906 1.689 105.983 2.375
201909 1.687 105.983 2.372
201912 1.723 107.123 2.397
202003 1.755 109.076 2.398
202006 1.752 109.402 2.387
202009 1.810 109.320 2.468
202012 1.912 109.565 2.601
202103 1.888 112.658 2.498
202106 1.938 113.960 2.535
202109 1.954 115.588 2.520
202112 2.003 119.088 2.507
202203 2.044 125.031 2.437
202206 2.037 131.705 2.305
202209 2.053 135.531 2.258
202212 2.097 139.113 2.247
202303 2.139 145.950 2.184
202306 2.133 147.009 2.163
202309 2.148 146.113 2.191
202403 2.242 149.044 2.242

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


Grempco  (WAR:GRM) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.62/2.33
=0.27

* 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 Grempco was 0.51. The lowest was 0.22. And the median was 0.27.


Be Aware

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


Grempco Cyclically Adjusted Book per Share Related Terms

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


Grempco (WAR:GRM) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lozienica, Ulica Prosta 2, Goleniow, POL, 72-100
Grempco SA is an equity investment portfolio management company. The company's investments are focused on high technology companies in the sector of engineering for construction.

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