Fabryki Mebli Forte (WAR:FTE) Cyclically Adjusted Book per Share: zł41.79 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:FTE Fabryki Mebli Forte SA WAR:FTE
69 GF Score
Price zł15.95
GF Value zł25.39
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Fabryki Mebli Forte Cyclically Adjusted Book per Share?

Fabryki Mebli Forte WAR:FTE +0.95% 69 Cyclically Adjusted Book per Share is zł41.79 as of Jun. 2026. GuruFocus rates WAR:FTE with a GF Score™ of 69/100 and a GF Value™ of zł25.39 (Significantly Undervalued). 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.

Fabryki Mebli Forte's adjusted book value per share for the three months ended in Jun. 2026 was zł35.649. 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 zł41.79 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Fabryki Mebli Forte's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.30% 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 Fabryki Mebli Forte was 17.00% per year. The lowest was 8.80% per year. And the median was 14.30% per year.

As of today (2026-08-28), Fabryki Mebli Forte's current stock price is zł15.95. Fabryki Mebli Forte's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł41.79. Fabryki Mebli Forte's Cyclically Adjusted PB Ratio of today is 0.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fabryki Mebli Forte was 2.57. The lowest was 0.37. And the median was 0.82.


Fabryki Mebli Forte  (WAR:FTE) 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.

Fabryki Mebli Forte's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.95/41.79
=0.38

* 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 Fabryki Mebli Forte was 2.57. The lowest was 0.37. And the median was 0.82.


Be Aware

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


Fabryki Mebli Forte Cyclically Adjusted Book per Share Related Terms


Fabryki Mebli Forte Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fabryki Mebli Forte'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.

Fabryki Mebli Forte Cyclically Adjusted Book per Share Chart

Fabryki Mebli Forte Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.55 32.60 36.45 39.63 41.98

Fabryki Mebli Forte Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 39.95 40.36 40.66 41.98 41.79

WAR:FTE vs SN, SGI, MHK: Cyclically Adjusted Book per Share Comparison

For the Furnishings, Fixtures & Appliances subindustry, Fabryki Mebli Forte'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.


Fabryki Mebli Forte Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fabryki Mebli Forte's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:FTE
69GF Score
Fabryki Mebli Forte SA WAR:FTE
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fabryki Mebli Forte 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, Fabryki Mebli Forte'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)
=35.649/162.2800*162.2800
=35.649

Current CPI (Jun. 2026) = 162.2800.

Fabryki Mebli Forte Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.320 99.552 33.124
201609 22.560 99.064 36.956
201612 22.736 100.366 36.761
201703 25.899 101.018 41.606
201706 26.059 101.180 41.795
201709 26.003 101.343 41.638
201712 26.895 102.564 42.554
201803 26.477 102.564 41.893
201806 24.976 103.378 39.207
201809 27.624 103.378 43.363
201812 30.614 103.785 47.869
201903 26.071 104.274 40.574
201906 26.767 105.983 40.985
201909 25.869 105.983 39.610
201912 32.643 107.123 49.451
202003 31.008 109.076 46.133
202006 30.883 109.402 45.810
202009 31.771 109.320 47.162
202012 33.164 109.565 49.120
202103 33.985 112.658 48.954
202106 32.263 113.960 45.943
202109 32.852 115.588 46.123
202112 33.104 119.088 45.110
202203 34.992 125.031 45.417
202206 32.967 131.705 40.620
202209 31.211 135.531 37.371
202212 35.759 139.113 41.714
202306 38.776 147.009 42.804
202309 34.938 146.113 38.804
202312 37.282 147.741 40.951
202403 37.935 149.044 41.304
202406 37.342 150.997 40.132
202409 37.839 153.439 40.019
202412 38.063 154.660 39.938
202503 38.776 157.021 40.075
202506 38.166 157.509 39.322
202509 38.619 158.000 39.665
202512 38.665 158.320 39.632
202603 36.640 163.070 36.462
202606 35.649 162.280 35.649

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 zł41.79 mean?
Fabryki Mebli Forte (WAR:FTE) has a Cyclically Adjusted Book per Share of zł41.79 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 Fabryki Mebli Forte and its competitors.
Is Fabryki Mebli Forte's Cyclically Adjusted Book per Share too high?
Fabryki Mebli Forte's current Cyclically Adjusted Book per Share is zł41.79. Overall, Fabryki Mebli Forte has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fabryki Mebli Forte's Cyclically Adjusted Book per Share compare to SN and SGI?
Fabryki Mebli Forte's Cyclically Adjusted Book per Share of zł41.79 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Cyclically Adjusted Book per Share depends on the Furnishings, Fixtures & Appliances 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 Fabryki Mebli Forte and its competitors. Fabryki Mebli Forte's current Cyclically Adjusted Book per Share is zł41.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fabryki Mebli Forte stock overvalued right now?
Based on GuruFocus' analysis, Fabryki Mebli Forte (WAR:FTE) is currently considered Significantly Undervalued. The stock's GF Value™ is zł25.39, compared to a current price of zł15.95 — trading 37.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is zł41.79. Fabryki Mebli Forte's overall GF Score™ is 69/100 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 Fabryki Mebli Forte (WAR:FTE), the current Cyclically Adjusted Book per Share is zł41.79 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 Fabryki Mebli Forte (WAR:FTE) Overvalued in 2026?

Based on GuruFocus' analysis, Fabryki Mebli Forte stock appears to be undervalued. The current stock price of zł15.95 is trading 37.2% below its estimated GF Value™ of zł25.39. GuruFocus considers Fabryki Mebli Forte to be Significantly Undervalued.

Key valuation signals for WAR:FTE:

  • Cyclically Adjusted Book per Share: zł41.79
  • GF Value™: zł25.39 vs. price of zł15.95 (37.2% below fair value)
  • GF Score™: 69/100 with 3 warning signs

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


Fabryki Mebli Forte Business Description

Address ul. Biala 1, Ostrow Mazowiecka, POL, 07 - 300
Fabryki Mebli Forte SA is a manufacturer of furniture for self-assembly with a specialization in home, office, and kitchen furniture. Its product offerings include furniture systems for the lounge, dining room, bedroom, living room, sitting room, study, and children's room, as well as wall units, ready-made cabinets that can be put together in different arrangements, as well as customized kitchen projects. It has state-of-the-art manufacturing plants located in Ostrow Mazowiecka, Suwalki, Bialystok, and Hajnowka.
69GF Score

Get the complete analysis for WAR:FTE

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

zł15.95
Price
zł25.39
GF Value