Polimex - Mostostal (WAR:PXM) Cyclically Adjusted Book per Share: zł4.73 (As of Mar. 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:PXM Polimex - Mostostal SA WAR:PXM
77 GF Score
Price zł6.58
GF Value zł5.42
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Polimex - Mostostal Cyclically Adjusted Book per Share?

Polimex - Mostostal WAR:PXM -2.66% 77 Cyclically Adjusted Book per Share is zł4.73 as of Mar. 2026. GuruFocus rates WAR:PXM with a GF Score™ of 77/100 and a GF Value™ of zł5.42 (Modestly Overvalued). The stock has 2 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.

Polimex - Mostostal's adjusted book value per share for the three months ended in Mar. 2026 was zł2.954. 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 zł4.73 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Polimex - Mostostal's average Cyclically Adjusted Book Growth Rate was -9.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -15.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -30.50% 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 Polimex - Mostostal was -15.10% per year. The lowest was -42.20% per year. And the median was -33.40% per year.

As of today (2026-07-28), Polimex - Mostostal's current stock price is zł6.58. Polimex - Mostostal's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł4.73. Polimex - Mostostal's Cyclically Adjusted PB Ratio of today is 1.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Polimex - Mostostal was 2.05. The lowest was 0.03. And the median was 0.27.


Polimex - Mostostal  (WAR:PXM) 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.

Polimex - Mostostal's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.58/4.73
=1.39

* 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 Polimex - Mostostal was 2.05. The lowest was 0.03. And the median was 0.27.


Be Aware

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


Polimex - Mostostal Cyclically Adjusted Book per Share Related Terms


Polimex - Mostostal Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Polimex - Mostostal'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.

Polimex - Mostostal Cyclically Adjusted Book per Share Chart

Polimex - Mostostal 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 17.85 7.81 6.42 5.28 4.78

Polimex - Mostostal 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 5.23 5.10 4.95 4.78 4.73

WAR:PXM vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, Polimex - Mostostal'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.


Polimex - Mostostal Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Polimex - Mostostal's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:PXM
77GF Score
Polimex - Mostostal SA WAR:PXM
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polimex - Mostostal 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, Polimex - Mostostal'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)
=2.954/163.0700*163.0700
=2.954

Current CPI (Mar. 2026) = 163.0700.

Polimex - Mostostal Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.643 99.552 9.243
201609 5.730 99.064 9.432
201612 5.567 100.366 9.045
201703 3.373 101.018 5.445
201706 3.448 101.180 5.557
201709 3.535 101.343 5.688
201712 2.807 102.564 4.463
201803 2.796 102.564 4.445
201806 2.717 103.378 4.286
201809 2.755 103.378 4.346
201812 2.862 103.785 4.497
201903 2.789 104.274 4.362
201906 2.813 105.983 4.328
201909 2.879 105.983 4.430
201912 3.094 107.123 4.710
202003 3.127 109.076 4.675
202006 3.187 109.402 4.750
202009 3.224 109.320 4.809
202012 3.329 109.565 4.955
202103 3.351 112.658 4.851
202106 3.547 113.960 5.076
202109 3.663 115.588 5.168
202112 3.809 119.088 5.216
202203 3.893 125.031 5.077
202206 4.161 131.705 5.152
202209 4.266 135.531 5.133
202212 4.326 139.113 5.071
202303 4.404 145.950 4.921
202306 3.651 147.009 4.050
202309 3.683 146.113 4.110
202312 3.852 147.741 4.252
202403 3.786 149.044 4.142
202406 3.720 150.997 4.017
202409 2.642 153.439 2.808
202412 2.376 154.660 2.505
202503 2.495 157.021 2.591
202506 2.684 157.509 2.779
202509 2.823 158.000 2.914
202512 2.898 158.320 2.985
202603 2.954 163.070 2.954

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 zł4.73 mean?
Polimex - Mostostal (WAR:PXM) has a Cyclically Adjusted Book per Share of zł4.73 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 Polimex - Mostostal and its competitors.
Is Polimex - Mostostal's Cyclically Adjusted Book per Share too high?
Polimex - Mostostal's current Cyclically Adjusted Book per Share is zł4.73. Overall, Polimex - Mostostal has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polimex - Mostostal's Cyclically Adjusted Book per Share compare to PWR and FIX?
Polimex - Mostostal's Cyclically Adjusted Book per Share of zł4.73 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 Polimex - Mostostal and its competitors. Polimex - Mostostal's current Cyclically Adjusted Book per Share is zł4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polimex - Mostostal stock overvalued right now?
Based on GuruFocus' analysis, Polimex - Mostostal (WAR:PXM) is currently considered Modestly Overvalued. The stock's GF Value™ is zł5.42, compared to a current price of zł6.58 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł4.73. Polimex - Mostostal's overall GF Score™ is 77/100 with 2 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 Polimex - Mostostal (WAR:PXM), the current Cyclically Adjusted Book per Share is zł4.73 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 Polimex - Mostostal (WAR:PXM) Overvalued in 2026?

Based on GuruFocus' analysis, Polimex - Mostostal stock appears to be overvalued. The current stock price of zł6.58 is trading 21.4% above its estimated GF Value™ of zł5.42. GuruFocus considers Polimex - Mostostal to be Modestly Overvalued.

Key valuation signals for WAR:PXM:

  • Cyclically Adjusted Book per Share: zł4.73
  • GF Value™: zł5.42 vs. price of zł6.58 (21.4% above fair value)
  • GF Score™: 77/100 with 2 warning signs

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


Polimex - Mostostal Business Description

Other Exchanges 7F7:Germany
Address Ul. Czackiego 15/17, P.O. Box skr. poczt. 815, Warszawa, POL, 00-950
Polimex - Mostostal SA is a Poland based engineering and construction company. It provides services in the industrial construction sector including the general contractor's basis for the chemical, refinery and petrochemical industries, power engineering, and environmental protection, among others. Its offerings include production plants, logistics centers, commercial centers, and warehouses.
77GF Score

Get the complete analysis for WAR:PXM

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

zł6.58
Price
zł5.42
GF Value