Milisystem (WAR:MLM) Cyclically Adjusted Book per Share: zł0.07 (As of Mar. 2026)


WAR:MLM Milisystem SA WAR:MLM
28 GF Score
Price zł0.21
GF Value zł0.13
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Milisystem Cyclically Adjusted Book per Share?

Milisystem WAR:MLM 28 Cyclically Adjusted Book per Share is zł0.07 as of Mar. 2026. GuruFocus rates WAR:MLM with a GF Score™ of 28/100 and a GF Value™ of zł0.13 (Significantly Overvalued). 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.

Milisystem's adjusted book value per share for the three months ended in Mar. 2026 was zł0.128. 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 zł0.07 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-06-28), Milisystem's current stock price is zł0.21. Milisystem's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.07. Milisystem's Cyclically Adjusted PB Ratio of today is 3.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Milisystem was 26.54. The lowest was 2.99. And the median was 11.88.


Milisystem  (WAR:MLM) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.21/0.07
=3.00

* 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 Milisystem was 26.54. The lowest was 2.99. And the median was 11.88.


Be Aware

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


Milisystem Cyclically Adjusted Book per Share Related Terms


Milisystem Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Milisystem'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.

Milisystem Cyclically Adjusted Book per Share Chart

Milisystem 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 0.00 0.00 0.07 0.07 0.07

Milisystem 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 0.07 0.07 0.07 0.07 0.07

WAR:MLM vs CRM, SHOP, UBER: Cyclically Adjusted Book per Share Comparison

For the Software - Application subindustry, Milisystem'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.


Milisystem Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Milisystem's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MLM
28GF Score
Milisystem SA WAR:MLM
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Milisystem 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, Milisystem'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)
=0.128/158.3232*158.3232
=0.128

Current CPI (Mar. 2026) = 158.3232.

Milisystem Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.090 99.552 0.143
201609 0.059 99.064 0.094
201612 0.058 100.366 0.091
201703 0.051 101.018 0.080
201706 0.049 101.180 0.077
201709 0.048 101.343 0.075
201712 0.058 102.564 0.090
201803 0.058 102.564 0.090
201806 0.056 103.378 0.086
201809 0.054 103.378 0.083
201812 0.033 103.785 0.050
201903 0.049 104.274 0.074
201906 0.033 105.983 0.049
201909 0.032 105.983 0.048
201912 0.030 107.123 0.044
202003 0.028 109.076 0.041
202006 0.026 109.402 0.038
202009 0.024 109.320 0.035
202012 0.017 109.565 0.025
202103 0.014 112.658 0.020
202106 0.009 113.960 0.013
202109 0.004 115.588 0.005
202112 0.007 119.088 0.009
202203 0.006 125.031 0.008
202206 0.004 131.705 0.005
202209 0.000 135.531 0.000
202212 0.000 139.113 0.000
202303 -0.011 145.950 -0.012
202306 0.011 147.009 0.012
202309 0.003 146.113 0.003
202312 0.143 147.741 0.153
202403 0.152 149.044 0.161
202406 0.097 150.997 0.102
202409 0.078 153.439 0.080
202412 0.128 154.660 0.131
202503 0.116 157.021 0.117
202506 0.157 157.509 0.158
202509 0.136 157.998 0.136
202512 0.132 158.323 0.132
202603 0.128 158.323 0.128

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 zł0.07 mean?
Milisystem (WAR:MLM) has a Cyclically Adjusted Book per Share of zł0.07 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 Milisystem and its competitors.
Is Milisystem's Cyclically Adjusted Book per Share too high?
Milisystem's current Cyclically Adjusted Book per Share is zł0.07. Overall, Milisystem has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Milisystem's Cyclically Adjusted Book per Share compare to CRM and SHOP?
Milisystem's Cyclically Adjusted Book per Share of zł0.07 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Book per Share depends on the Software 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 Milisystem and its competitors. Milisystem's current Cyclically Adjusted Book per Share is zł0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milisystem stock overvalued right now?
Based on GuruFocus' analysis, Milisystem (WAR:MLM) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.13, compared to a current price of zł0.21 — trading 61.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł0.07. Milisystem's overall GF Score™ is 28/100 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 Milisystem (WAR:MLM), the current Cyclically Adjusted Book per Share is zł0.07 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 Milisystem (WAR:MLM) Overvalued in 2026?

Based on GuruFocus' analysis, Milisystem stock appears to be overvalued. The current stock price of zł0.21 is trading 61.5% above its estimated GF Value™ of zł0.13. GuruFocus considers Milisystem to be Significantly Overvalued.

Key valuation signals for WAR:MLM:

  • Cyclically Adjusted Book per Share: zł0.07
  • GF Value™: zł0.13 vs. price of zł0.21 (61.5% above fair value)
  • GF Score™: 28/100 with 3 warning signs

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


Milisystem Business Description

Address ul. Jasielska 16, Poznan, POL, 60-476
Milisystem SA is a manufacturer and supplier of information technology to support decision-making processes at every level of management in the company.
28GF Score

Get the complete analysis for WAR:MLM

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

zł0.21
Price
zł0.13
GF Value