Mennica Skarbowa (WAR:MNS) Cyclically Adjusted Book per Share: zł34.62 (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:MNS Mennica Skarbowa SA WAR:MNS
75 GF Score
Price zł53.40
GF Value zł101.24
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Mennica Skarbowa Cyclically Adjusted Book per Share?

Mennica Skarbowa WAR:MNS -1.48% 75 Cyclically Adjusted Book per Share is zł34.62 as of Mar. 2026. GuruFocus rates WAR:MNS with a GF Score™ of 75/100 and a GF Value™ of zł101.24 (Possible Value Trap). 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.

Mennica Skarbowa's adjusted book value per share for the three months ended in Mar. 2026 was zł75.103. 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 zł34.62 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mennica Skarbowa's average Cyclically Adjusted Book Growth Rate was 27.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 33.00% 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 Mennica Skarbowa was 50.90% per year. The lowest was 33.00% per year. And the median was 41.95% per year.

As of today (2026-07-17), Mennica Skarbowa's current stock price is zł53.40. Mennica Skarbowa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł34.62. Mennica Skarbowa's Cyclically Adjusted PB Ratio of today is 1.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mennica Skarbowa was 18.64. The lowest was 1.49. And the median was 2.65.


Mennica Skarbowa  (WAR:MNS) 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.

Mennica Skarbowa's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=53.40/34.62
=1.54

* 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 Mennica Skarbowa was 18.64. The lowest was 1.49. And the median was 2.65.


Be Aware

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


Mennica Skarbowa Cyclically Adjusted Book per Share Related Terms


Mennica Skarbowa Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Mennica Skarbowa'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.

Mennica Skarbowa Cyclically Adjusted Book per Share Chart

Mennica Skarbowa 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 7.43 13.54 19.43 25.51 31.87

Mennica Skarbowa 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 27.22 28.67 30.22 31.87 34.62

WAR:MNS vs TPR, SIG, CPRI: Cyclically Adjusted Book per Share Comparison

For the Luxury Goods subindustry, Mennica Skarbowa'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.


Mennica Skarbowa Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mennica Skarbowa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MNS
75GF Score
Mennica Skarbowa SA WAR:MNS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mennica Skarbowa 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, Mennica Skarbowa'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)
=75.103/163.0700*163.0700
=75.103

Current CPI (Mar. 2026) = 163.0700.

Mennica Skarbowa Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.119 99.552 3.471
201609 2.347 99.064 3.863
201612 2.659 100.366 4.320
201703 2.957 101.018 4.773
201706 3.281 101.180 5.288
201709 3.339 101.343 5.373
201712 3.174 102.564 5.046
201803 3.195 102.564 5.080
201806 2.868 103.378 4.524
201809 3.366 103.378 5.310
201812 4.357 103.785 6.846
201903 3.537 104.274 5.531
201906 4.215 105.983 6.485
201909 6.170 105.983 9.493
201912 7.717 107.123 11.747
202003 13.385 109.076 20.011
202006 15.990 109.402 23.834
202009 22.293 109.320 33.254
202012 22.134 109.565 32.943
202103 29.427 112.658 42.595
202106 21.372 113.960 30.582
202109 27.174 115.588 38.337
202112 33.372 119.088 45.697
202203 50.026 125.031 65.246
202206 52.077 131.705 64.479
202209 55.836 135.531 67.181
202212 53.047 139.113 62.182
202303 56.110 145.950 62.692
202306 53.873 147.009 59.759
202309 49.437 146.113 55.174
202312 44.661 147.741 49.295
202403 49.709 149.044 54.387
202406 52.570 150.997 56.773
202409 54.129 153.439 57.527
202412 52.275 154.660 55.118
202503 54.421 157.021 56.518
202506 56.576 157.509 58.573
202509 60.515 158.000 62.457
202512 66.047 158.320 68.029
202603 75.103 163.070 75.103

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 zł34.62 mean?
Mennica Skarbowa (WAR:MNS) has a Cyclically Adjusted Book per Share of zł34.62 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 Mennica Skarbowa and its competitors.
Is Mennica Skarbowa's Cyclically Adjusted Book per Share too high?
Mennica Skarbowa's current Cyclically Adjusted Book per Share is zł34.62. Overall, Mennica Skarbowa has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mennica Skarbowa's Cyclically Adjusted Book per Share compare to TPR and SIG?
Mennica Skarbowa's Cyclically Adjusted Book per Share of zł34.62 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 Mennica Skarbowa and its competitors. Mennica Skarbowa's current Cyclically Adjusted Book per Share is zł34.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mennica Skarbowa stock overvalued right now?
Based on GuruFocus' analysis, Mennica Skarbowa (WAR:MNS) is currently considered Possible Value Trap. The stock's GF Value™ is zł101.24, compared to a current price of zł53.40 — trading 47.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is zł34.62. Mennica Skarbowa's overall GF Score™ is 75/100 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 Mennica Skarbowa (WAR:MNS), the current Cyclically Adjusted Book per Share is zł34.62 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 Mennica Skarbowa (WAR:MNS) Overvalued in 2026?

Based on GuruFocus' analysis, Mennica Skarbowa stock appears to be undervalued. The current stock price of zł53.40 is trading 47.3% below its estimated GF Value™ of zł101.24. GuruFocus considers Mennica Skarbowa to be Possible Value Trap.

Key valuation signals for WAR:MNS:

  • Cyclically Adjusted Book per Share: zł34.62
  • GF Value™: zł101.24 vs. price of zł53.40 (47.3% below fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Mennica Skarbowa Business Description

Other Exchanges 98S:Germany
Address Ulica Jasna 1, Warsaw, POL, 00-013
Mennica Skarbowa SA is an investment company in Poland. The company markets and sells capital goods such as gold, diamonds, silver as well as advice to diversify the investment portfolio of alternative investments.
75GF Score

Get the complete analysis for WAR:MNS

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

zł53.40
Price
zł101.24
GF Value