Grupa Kapitalowa IMMOBILE (WAR:GKI) Cyclically Adjusted Book per Share: zł3.28 (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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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:GKI Grupa Kapitalowa IMMOBILE SA WAR:GKI
80 GF Score
Price zł4.85
GF Value zł3.74
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Grupa Kapitalowa IMMOBILE Cyclically Adjusted Book per Share?

Grupa Kapitalowa IMMOBILE WAR:GKI -2.98% 80 Cyclically Adjusted Book per Share is zł3.28 as of Mar. 2026. GuruFocus rates WAR:GKI with a GF Score™ of 80/100 and a GF Value™ of zł3.74 (Significantly Overvalued). The stock has 6 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.

Grupa Kapitalowa IMMOBILE's adjusted book value per share for the three months ended in Mar. 2026 was zł2.383. 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 zł3.28 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.90% 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 Grupa Kapitalowa IMMOBILE was 11.50% per year. The lowest was 1.50% per year. And the median was 9.45% per year.

As of today (2026-07-15), Grupa Kapitalowa IMMOBILE's current stock price is zł4.85. Grupa Kapitalowa IMMOBILE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł3.28. Grupa Kapitalowa IMMOBILE's Cyclically Adjusted PB Ratio of today is 1.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Grupa Kapitalowa IMMOBILE was 1.55. The lowest was 0.52. And the median was 0.96.


Grupa Kapitalowa IMMOBILE  (WAR:GKI) 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.

Grupa Kapitalowa IMMOBILE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.85/3.28
=1.48

* 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 Grupa Kapitalowa IMMOBILE was 1.55. The lowest was 0.52. And the median was 0.96.


Be Aware

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


Grupa Kapitalowa IMMOBILE Cyclically Adjusted Book per Share Related Terms


Grupa Kapitalowa IMMOBILE Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Grupa Kapitalowa IMMOBILE'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.

Grupa Kapitalowa IMMOBILE Cyclically Adjusted Book per Share Chart

Grupa Kapitalowa IMMOBILE 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 2.60 3.06 3.23 3.28 3.20

Grupa Kapitalowa IMMOBILE 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 3.28 3.25 3.22 3.20 3.28

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

For the Asset Management subindustry, Grupa Kapitalowa IMMOBILE'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.


Grupa Kapitalowa IMMOBILE Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


WAR:GKI
80GF Score
Grupa Kapitalowa IMMOBILE SA WAR:GKI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupa Kapitalowa IMMOBILE 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, Grupa Kapitalowa IMMOBILE'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)
=2.383/163.0700*163.0700
=2.383

Current CPI (Mar. 2026) = 163.0700.

Grupa Kapitalowa IMMOBILE Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.027 99.552 3.320
201609 2.059 99.064 3.389
201612 2.272 100.366 3.691
201703 2.358 101.018 3.806
201706 2.391 101.180 3.854
201709 2.435 101.343 3.918
201712 2.486 102.564 3.953
201803 2.521 102.564 4.008
201806 2.466 103.378 3.890
201809 2.570 103.378 4.054
201812 2.514 103.785 3.950
201903 2.516 104.274 3.935
201906 2.431 105.983 3.740
201909 2.452 105.983 3.773
201912 2.585 107.123 3.935
202003 2.523 109.076 3.772
202006 2.482 109.402 3.700
202009 2.522 109.320 3.762
202012 2.562 109.565 3.813
202103 2.507 112.658 3.629
202106 2.517 113.960 3.602
202109 2.549 115.588 3.596
202112 2.640 119.088 3.615
202203 2.635 125.031 3.437
202206 2.712 131.705 3.358
202209 2.796 135.531 3.364
202212 2.837 139.113 3.326
202303 2.689 145.950 3.004
202306 2.685 147.009 2.978
202309 2.673 146.113 2.983
202312 2.776 147.741 3.064
202403 2.525 149.044 2.763
202406 2.343 150.997 2.530
202409 2.127 153.439 2.261
202412 1.503 154.660 1.585
202503 1.443 157.021 1.499
202506 1.521 157.509 1.575
202509 1.733 158.000 1.789
202512 2.343 158.320 2.413
202603 2.383 163.070 2.383

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 zł3.28 mean?
Grupa Kapitalowa IMMOBILE (WAR:GKI) has a Cyclically Adjusted Book per Share of zł3.28 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 Grupa Kapitalowa IMMOBILE and its competitors.
Is Grupa Kapitalowa IMMOBILE's Cyclically Adjusted Book per Share too high?
Grupa Kapitalowa IMMOBILE's current Cyclically Adjusted Book per Share is zł3.28. Overall, Grupa Kapitalowa IMMOBILE has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grupa Kapitalowa IMMOBILE's Cyclically Adjusted Book per Share compare to BLK and BX?
Grupa Kapitalowa IMMOBILE's Cyclically Adjusted Book per Share of zł3.28 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 Grupa Kapitalowa IMMOBILE and its competitors. Grupa Kapitalowa IMMOBILE's current Cyclically Adjusted Book per Share is zł3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupa Kapitalowa IMMOBILE stock overvalued right now?
Based on GuruFocus' analysis, Grupa Kapitalowa IMMOBILE (WAR:GKI) is currently considered Significantly Overvalued. The stock's GF Value™ is zł3.74, compared to a current price of zł4.85 — trading 29.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł3.28. Grupa Kapitalowa IMMOBILE's overall GF Score™ is 80/100 with 6 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 Grupa Kapitalowa IMMOBILE (WAR:GKI), the current Cyclically Adjusted Book per Share is zł3.28 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 Grupa Kapitalowa IMMOBILE (WAR:GKI) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa Kapitalowa IMMOBILE stock appears to be overvalued. The current stock price of zł4.85 is trading 29.7% above its estimated GF Value™ of zł3.74. GuruFocus considers Grupa Kapitalowa IMMOBILE to be Significantly Overvalued.

Key valuation signals for WAR:GKI:

  • Cyclically Adjusted Book per Share: zł3.28
  • GF Value™: zł3.74 vs. price of zł4.85 (29.7% above fair value)
  • GF Score™: 80/100 with 6 warning signs

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


Grupa Kapitalowa IMMOBILE Business Description

Address ul. Fordorska 40, Bydgoszcz, POL, 85-719
Grupa Kapitalowa IMMOBILE SA is a Poland based investment company. It invests in the machine industry, construction and development, hotel industry, and real estate sectors in Poland.
80GF Score

Get the complete analysis for WAR:GKI

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

zł4.85
Price
zł3.74
GF Value