Atrem (WAR:ATR) Cyclically Adjusted Book per Share: zł6.15 (As of Mar. 2026)


WAR:ATR Atrem SA WAR:ATR
67 GF Score
Price zł63.00
GF Value zł31.25
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Atrem Cyclically Adjusted Book per Share?

Atrem WAR:ATR +1.78% 67 Cyclically Adjusted Book per Share is zł6.15 as of Mar. 2026. GuruFocus rates WAR:ATR with a GF Score™ of 67/100 and a GF Value™ of zł31.25 (Significantly Overvalued). The stock has 2 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.

Atrem's adjusted book value per share for the three months ended in Mar. 2026 was zł8.621. 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 zł6.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Atrem's average Cyclically Adjusted Book Growth Rate was -4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.10% 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 Atrem was 1.70% per year. The lowest was -3.10% per year. And the median was 0.70% per year.

As of today (2026-07-06), Atrem's current stock price is zł63.00. Atrem's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł6.15. Atrem's Cyclically Adjusted PB Ratio of today is 10.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Atrem was 10.92. The lowest was 0.20. And the median was 0.54.


Atrem  (WAR:ATR) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=63.00/6.15
=10.24

* 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 Atrem was 10.92. The lowest was 0.20. And the median was 0.54.


Be Aware

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


Atrem Cyclically Adjusted Book per Share Related Terms


Atrem Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Atrem'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.

Atrem Cyclically Adjusted Book per Share Chart

Atrem 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 6.09 6.63 6.47 6.26 6.03

Atrem 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 6.26 6.16 6.08 6.03 6.15

WAR:ATR vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, Atrem'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.


Atrem Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Atrem's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:ATR
67GF Score
Atrem SA WAR:ATR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atrem 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, Atrem'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)
=8.621/163.0700*163.0700
=8.621

Current CPI (Mar. 2026) = 163.0700.

Atrem Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.443 99.552 10.554
201609 6.101 99.064 10.043
201612 5.863 100.366 9.526
201703 5.673 101.018 9.158
201706 5.243 101.180 8.450
201709 5.130 101.343 8.255
201712 4.561 102.564 7.252
201803 4.965 102.564 7.894
201806 4.871 103.378 7.684
201809 4.650 103.378 7.335
201812 4.076 103.785 6.404
201903 4.358 104.274 6.815
201906 3.615 105.983 5.562
201909 3.463 105.983 5.328
201912 3.215 107.123 4.894
202003 3.037 109.076 4.540
202006 3.215 109.402 4.792
202009 3.228 109.320 4.815
202012 3.466 109.565 5.159
202103 3.284 112.658 4.754
202106 3.370 113.960 4.822
202109 3.290 115.588 4.641
202112 4.197 119.088 5.747
202203 4.217 125.031 5.500
202206 3.663 131.705 4.535
202209 3.735 135.531 4.494
202212 3.811 139.113 4.467
202303 3.627 145.950 4.052
202306 3.703 147.009 4.108
202309 3.808 146.113 4.250
202312 4.346 147.741 4.797
202403 4.542 149.044 4.969
202406 4.348 150.997 4.696
202409 5.095 153.439 5.415
202412 5.547 154.660 5.849
202503 6.082 157.021 6.316
202506 5.022 157.509 5.199
202509 6.133 158.000 6.330
202512 7.932 158.320 8.170
202603 8.621 163.070 8.621

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 zł6.15 mean?
Atrem (WAR:ATR) has a Cyclically Adjusted Book per Share of zł6.15 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 Atrem and its competitors.
Is Atrem's Cyclically Adjusted Book per Share too high?
Atrem's current Cyclically Adjusted Book per Share is zł6.15. Overall, Atrem has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atrem's Cyclically Adjusted Book per Share compare to PWR and FIX?
Atrem's Cyclically Adjusted Book per Share of zł6.15 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 Atrem and its competitors. Atrem's current Cyclically Adjusted Book per Share is zł6.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atrem stock overvalued right now?
Based on GuruFocus' analysis, Atrem (WAR:ATR) is currently considered Significantly Overvalued. The stock's GF Value™ is zł31.25, compared to a current price of zł63.00 — trading 101.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł6.15. Atrem's overall GF Score™ is 67/100 with 2 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 Atrem (WAR:ATR), the current Cyclically Adjusted Book per Share is zł6.15 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 Atrem (WAR:ATR) Overvalued in 2026?

Based on GuruFocus' analysis, Atrem stock appears to be overvalued. The current stock price of zł63.00 is trading 101.6% above its estimated GF Value™ of zł31.25. GuruFocus considers Atrem to be Significantly Overvalued.

Key valuation signals for WAR:ATR:

  • Cyclically Adjusted Book per Share: zł6.15
  • GF Value™: zł31.25 vs. price of zł63.00 (101.6% above fair value)
  • GF Score™: 67/100 with 2 warning signs

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


Atrem Business Description

Other Exchanges HK0:Germany
Address ul. Czolgowa 4, Zlotniki, Suchy Las, POL, 62-002
Atrem SA is engaged in the provision of engineering services. The company provides services to industrial automation, telecommunications, IT, air conditioning and the construction of the airport and logistic systems. It performs both as a general contractor of the investment as well as a subcontractor. The company operates in approximately 5 countries.
67GF Score

Get the complete analysis for WAR:ATR

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

zł63.00
Price
zł31.25
GF Value