Orzel (WAR:ORL) Cyclically Adjusted Book per Share: zł0.25 (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:ORL Orzel SA WAR:ORL
63 GF Score
Price zł2.10
GF Value zł3.62
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Orzel Cyclically Adjusted Book per Share?

Orzel WAR:ORL 63 Cyclically Adjusted Book per Share is zł0.25 as of Mar. 2026. GuruFocus rates WAR:ORL with a GF Score™ of 63/100 and a GF Value™ of zł3.62 (Possible Value Trap). The stock has 5 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.

Orzel's adjusted book value per share for the three months ended in Mar. 2026 was zł1.114. 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 zł0.25 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Orzel's average Cyclically Adjusted Book Growth Rate was 177.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 44.20% 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 Orzel was 44.20% per year. The lowest was -44.10% per year. And the median was -29.45% per year.

As of today (2026-08-11), Orzel's current stock price is zł2.10. Orzel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.25. Orzel's Cyclically Adjusted PB Ratio of today is 8.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Orzel was 207.00. The lowest was 0.85. And the median was 12.05.


Orzel  (WAR:ORL) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.10/0.25
=8.40

* 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 Orzel was 207.00. The lowest was 0.85. And the median was 12.05.


Be Aware

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


Orzel Cyclically Adjusted Book per Share Related Terms


Orzel Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Orzel'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.

Orzel Cyclically Adjusted Book per Share Chart

Orzel 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 0.15 0.07 -0.03 0.06 0.21

Orzel 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 0.09 0.13 0.16 0.21 0.25

WAR:ORL vs ORLY, AZO, GPC: Cyclically Adjusted Book per Share Comparison

For the Auto Parts subindustry, Orzel'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.


Orzel Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Orzel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:ORL
63GF Score
Orzel SA WAR:ORL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orzel 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, Orzel'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)
=1.114/163.0700*163.0700
=1.114

Current CPI (Mar. 2026) = 163.0700.

Orzel Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.295 99.552 -0.483
201609 -0.345 99.064 -0.568
201612 -0.513 100.366 -0.833
201703 -0.555 101.018 -0.896
201706 -0.587 101.180 -0.946
201709 -0.608 101.343 -0.978
201712 -0.664 102.564 -1.056
201803 -0.680 102.564 -1.081
201806 -0.611 103.378 -0.964
201809 -0.547 103.378 -0.863
201812 -0.546 103.785 -0.858
201903 -0.542 104.274 -0.848
201906 -0.442 105.983 -0.680
201909 -0.342 105.983 -0.526
201912 -0.319 107.123 -0.486
202003 -0.278 109.076 -0.416
202006 0.120 109.402 0.179
202009 0.116 109.320 0.173
202012 0.141 109.565 0.210
202103 0.170 112.658 0.246
202106 0.259 113.960 0.371
202109 0.312 115.588 0.440
202112 0.703 119.088 0.963
202203 0.800 125.031 1.043
202206 0.815 131.705 1.009
202209 0.849 135.531 1.022
202212 0.941 139.113 1.103
202303 0.977 145.950 1.092
202306 1.036 147.009 1.149
202309 1.092 146.113 1.219
202312 1.152 147.741 1.272
202403 1.195 149.044 1.307
202406 1.223 150.997 1.321
202409 1.292 153.439 1.373
202412 1.147 154.660 1.209
202503 1.103 157.021 1.145
202506 1.198 157.509 1.240
202509 1.199 158.000 1.237
202512 1.179 158.320 1.214
202603 1.114 163.070 1.114

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 zł0.25 mean?
Orzel (WAR:ORL) has a Cyclically Adjusted Book per Share of zł0.25 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 Orzel and its competitors.
Is Orzel's Cyclically Adjusted Book per Share too high?
Orzel's current Cyclically Adjusted Book per Share is zł0.25. Overall, Orzel has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Orzel's Cyclically Adjusted Book per Share compare to ORLY and AZO?
Orzel's Cyclically Adjusted Book per Share of zł0.25 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts 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 Orzel and its competitors. Orzel's current Cyclically Adjusted Book per Share is zł0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orzel stock overvalued right now?
Based on GuruFocus' analysis, Orzel (WAR:ORL) is currently considered Possible Value Trap. The stock's GF Value™ is zł3.62, compared to a current price of zł2.10 — trading 42% below its estimated fair value. The current Cyclically Adjusted Book per Share is zł0.25. Orzel's overall GF Score™ is 63/100 with 5 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 Orzel (WAR:ORL), the current Cyclically Adjusted Book per Share is zł0.25 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 Orzel (WAR:ORL) Overvalued in 2026?

Based on GuruFocus' analysis, Orzel stock appears to be undervalued. The current stock price of zł2.10 is trading 42% below its estimated GF Value™ of zł3.62. GuruFocus considers Orzel to be Possible Value Trap.

Key valuation signals for WAR:ORL:

  • Cyclically Adjusted Book per Share: zł0.25
  • GF Value™: zł3.62 vs. price of zł2.10 (42% below fair value)
  • GF Score™: 63/100 with 5 warning signs

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


Orzel Business Description

Address Ulica Przemyslowa 50, Poniatowa, POL, 24-320
Orzel SA is engaged in the production of rubber granulate, which is produced in the process of recycling used tires.
63GF Score

Get the complete analysis for WAR:ORL

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

zł2.10
Price
zł3.62
GF Value