Agora (WAR:AGO) Cyclically Adjusted Book per Share: zł24.80 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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WAR:AGO Agora SA WAR:AGO
83 GF Score
Price zł9.18
GF Value zł10.80
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Agora Cyclically Adjusted Book per Share?

Agora WAR:AGO +0.88% 83 Cyclically Adjusted Book per Share is zł24.80 as of Jun. 2026. GuruFocus rates WAR:AGO with a GF Score™ of 83/100 and a GF Value™ of zł10.80 (Modestly Undervalued). The stock has 4 warning signs investors should review.

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.

Agora's adjusted book value per share for the three months ended in Jun. 2026 was zł14.657. 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 zł24.80 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Agora's average Cyclically Adjusted Book Growth Rate was -7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Agora was 4.00% per year. The lowest was -4.00% per year. And the median was 1.80% per year.

As of today (2026-09-04), Agora's current stock price is zł9.18. Agora's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł24.80. Agora's Cyclically Adjusted PB Ratio of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Agora was 0.52. The lowest was 0.15. And the median was 0.34.


Agora  (WAR:AGO) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.18/24.80
=0.37

* 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 Agora was 0.52. The lowest was 0.15. And the median was 0.34.


Be Aware

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


Agora Cyclically Adjusted Book per Share Related Terms


Agora Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Agora'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.

Agora Cyclically Adjusted Book per Share Chart

Agora Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.20 28.85 28.45 27.47 25.54

Agora Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 26.77 26.17 25.54 25.60 24.80

WAR:AGO vs NYT, WLY: Cyclically Adjusted Book per Share Comparison

For the Publishing subindustry, Agora'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.


Agora Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Agora's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:AGO
83GF Score
Agora SA WAR:AGO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agora 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, Agora's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=14.657/162.2800*162.2800
=14.657

Current CPI (Jun. 2026) = 162.2800.

Agora Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.054 99.064 41.042
201612 25.190 100.366 40.729
201703 25.100 101.018 40.322
201706 25.836 101.180 41.438
201709 25.783 101.343 41.286
201712 21.374 102.564 33.819
201803 21.530 102.564 34.065
201806 21.037 103.378 33.023
201809 20.958 103.378 32.899
201812 20.931 103.785 32.728
201903 20.823 104.274 32.407
201906 20.171 105.983 30.886
201909 20.074 105.983 30.737
201912 19.992 107.123 30.286
202003 19.433 109.076 28.912
202006 18.725 109.402 27.776
202009 18.229 109.320 27.060
202012 17.532 109.565 25.967
202103 16.413 112.658 23.642
202106 16.183 113.960 23.045
202109 16.157 115.588 22.684
202112 16.532 119.088 22.528
202203 15.941 125.031 20.690
202206 15.598 131.705 19.219
202209 15.094 135.531 18.073
202212 14.380 139.113 16.775
202303 15.169 145.950 16.866
202306 15.318 147.009 16.909
202309 15.012 146.113 16.673
202312 15.762 147.741 17.313
202403 15.833 149.044 17.239
202406 14.282 150.997 15.349
202409 14.036 153.439 14.845
202412 14.771 154.660 15.499
202503 14.665 157.021 15.156
202506 14.342 157.509 14.776
202509 14.222 158.000 14.607
202512 15.028 158.320 15.404
202603 14.920 163.070 14.848
202606 14.657 162.280 14.657

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

What does a Cyclically Adjusted Book per Share of zł24.80 mean?
Agora (WAR:AGO) has a Cyclically Adjusted Book per Share of zł24.80 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Agora and its competitors.
Is Agora's Cyclically Adjusted Book per Share too high?
Agora's current Cyclically Adjusted Book per Share is zł24.80. Overall, Agora has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Agora's Cyclically Adjusted Book per Share compare to NYT and WLY?
Agora's Cyclically Adjusted Book per Share of zł24.80 can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Media - Diversified company?
A good Cyclically Adjusted Book per Share depends on the Media - Diversified industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Agora and its competitors. Agora's current Cyclically Adjusted Book per Share is zł24.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agora stock overvalued right now?
Based on GuruFocus' analysis, Agora (WAR:AGO) is currently considered Modestly Undervalued. The stock's GF Value™ is zł10.80, compared to a current price of zł9.18 — trading 15% below its estimated fair value. The current Cyclically Adjusted Book per Share is zł24.80. Agora's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Agora (WAR:AGO), the current Cyclically Adjusted Book per Share is zł24.80 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Agora (WAR:AGO) Overvalued in 2026?

Based on GuruFocus' analysis, Agora stock appears to be undervalued. The current stock price of zł9.18 is trading 15% below its estimated GF Value™ of zł10.80. GuruFocus considers Agora to be Modestly Undervalued.

Key valuation signals for WAR:AGO:

  • Cyclically Adjusted Book per Share: zł24.80
  • GF Value™: zł10.80 vs. price of zł9.18 (15% below fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the WAR:AGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agora Business Description

Address Czerska 8/10, Warsaw, POL, 00-732
Agora SA is one of the leading media company in Poland. It is engaged in the business of publishing of daily newspapers, magazines and periodic print media. It also provides television advertising, radio broadcasting and online services. The company's publishing portfolio includes Gazeta Wyborcza, and Metro newspaper and several magazines. The internet offering includes Internet portals such as Gazeta.pl, Sport.pl and Blox.pl. In the area radio of broadcasting industry, the company operates more than 15 radio stations including such brands as TOK FM, Rock Radio and Golden Hits (Zlote Przeboje), Radio Pogoda, and Internet radio Tuba.fm and Tuba.pl. The firm also manages a digital terrestrial TV channel called METRO.
83GF Score

Get the complete analysis for WAR:AGO

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł9.18
Price
zł10.80
GF Value