Analizy Online (WAR:AOL) Cyclically Adjusted Book per Share: zł4.59 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:AOL Analizy Online SA WAR:AOL
84 GF Score
Price zł26.40
GF Value zł24.63
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Analizy Online Cyclically Adjusted Book per Share?

Analizy Online WAR:AOL +0.76% 84 Cyclically Adjusted Book per Share is zł4.59 as of Mar. 2026. GuruFocus rates WAR:AOL with a GF Score™ of 84/100 and a GF Value™ of zł24.63 (Fairly Valued). The stock has 3 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.

Analizy Online's adjusted book value per share for the three months ended in Mar. 2026 was zł4.792. 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 zł4.59 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Analizy Online's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Analizy Online was 11.80% per year. The lowest was 5.70% per year. And the median was 10.90% per year.

As of today (2026-07-15), Analizy Online's current stock price is zł26.40. Analizy Online's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł4.59. Analizy Online's Cyclically Adjusted PB Ratio of today is 5.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Analizy Online was 15.53. The lowest was 3.38. And the median was 6.08.


Analizy Online  (WAR:AOL) 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.

Analizy Online's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.40/4.59
=5.75

* 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 Analizy Online was 15.53. The lowest was 3.38. And the median was 6.08.


Be Aware

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


Analizy Online Cyclically Adjusted Book per Share Related Terms


Analizy Online Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Analizy Online'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.

Analizy Online Cyclically Adjusted Book per Share Chart

Analizy Online 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 3.23 3.78 4.02 4.34 4.46

Analizy Online Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.44 4.44 4.45 4.46 4.59

WAR:AOL vs BLK, BX, KKR: Cyclically Adjusted Book per Share Comparison

For the Asset Management subindustry, Analizy Online'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.


Analizy Online Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


WAR:AOL
84GF Score
Analizy Online SA WAR:AOL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Analizy Online 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, Analizy Online's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.792/163.0700*163.0700
=4.792

Current CPI (Mar. 2026) = 163.0700.

Analizy Online Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.098 99.552 5.075
201609 3.281 99.064 5.401
201612 3.456 100.366 5.615
201703 3.844 101.018 6.205
201706 3.209 101.180 5.172
201709 3.443 101.343 5.540
201712 3.600 102.564 5.724
201803 3.481 102.564 5.535
201806 3.590 103.378 5.663
201809 3.663 103.378 5.778
201812 3.556 103.785 5.587
201903 3.675 104.274 5.747
201906 3.663 105.983 5.636
201909 3.739 105.983 5.753
201912 3.348 107.123 5.097
202003 3.128 109.076 4.676
202006 3.064 109.402 4.567
202009 3.206 109.320 4.782
202012 3.372 109.565 5.019
202103 3.364 112.658 4.869
202106 3.639 113.960 5.207
202109 2.847 115.588 4.017
202112 3.008 119.088 4.119
202203 3.127 125.031 4.078
202206 2.622 131.705 3.246
202209 2.826 135.531 3.400
202212 3.159 139.113 3.703
202303 3.447 145.950 3.851
202306 2.740 147.009 3.039
202309 2.993 146.113 3.340
202312 3.292 147.741 3.634
202403 3.789 149.044 4.146
202406 2.844 150.997 3.071
202409 3.280 153.439 3.486
202412 3.834 154.660 4.042
202503 4.211 157.021 4.373
202506 2.881 157.509 2.983
202509 3.400 158.000 3.509
202512 4.061 158.320 4.183
202603 4.792 163.070 4.792

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 zł4.59 mean?
Analizy Online (WAR:AOL) has a Cyclically Adjusted Book per Share of zł4.59 as of Mar. 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 Analizy Online and its competitors.
Is Analizy Online's Cyclically Adjusted Book per Share too high?
Analizy Online's current Cyclically Adjusted Book per Share is zł4.59. Overall, Analizy Online has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Analizy Online's Cyclically Adjusted Book per Share compare to BLK and BX?
Analizy Online's Cyclically Adjusted Book per Share of zł4.59 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Cyclically Adjusted Book per Share depends on the Asset Management 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 Analizy Online and its competitors. Analizy Online's current Cyclically Adjusted Book per Share is zł4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analizy Online stock overvalued right now?
Based on GuruFocus' analysis, Analizy Online (WAR:AOL) is currently considered Fairly Valued. The stock's GF Value™ is zł24.63, compared to a current price of zł26.40 — trading 7.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł4.59. Analizy Online's overall GF Score™ is 84/100 with 3 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 Analizy Online (WAR:AOL), the current Cyclically Adjusted Book per Share is zł4.59 as of Mar. 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 Analizy Online (WAR:AOL) Overvalued in 2026?

Based on GuruFocus' analysis, Analizy Online stock appears to be overvalued. The current stock price of zł26.40 is trading 7.2% above its estimated GF Value™ of zł24.63. GuruFocus considers Analizy Online to be Fairly Valued.

Key valuation signals for WAR:AOL:

  • Cyclically Adjusted Book per Share: zł4.59
  • GF Value™: zł24.63 vs. price of zł26.40 (7.2% above fair value)
  • GF Score™: 84/100 with 3 warning signs

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


Analizy Online Business Description

Address ul. Skierniewicka 10A, Warsaw, POL, 01-230
Analizy Online SA is a Poland-based company that operates as a specialized, independent analytical firm that continuously monitors and thoroughly analyzes the situation in specific areas of the capital market. The company's core business is creating and providing information services and data for capital market institutions and related entities. It also develops software, including solutions that meet regulatory requirements, support or complement the sale of financial products, and enable monitoring and detailed analysis of numerous areas of the collective investment market.
84GF Score

Get the complete analysis for WAR:AOL

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

zł26.40
Price
zł24.63
GF Value