Quantum software (WAR:QNT) Cyclically Adjusted Book per Share: zł15.32 (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:QNT Quantum software SA WAR:QNT
83 GF Score
Price zł32.40
GF Value zł25.72
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Quantum software Cyclically Adjusted Book per Share?

Quantum software WAR:QNT -1.82% 83 Cyclically Adjusted Book per Share is zł15.32 as of Mar. 2026. GuruFocus rates WAR:QNT with a GF Score™ of 83/100 and a GF Value™ of zł25.72 (Modestly Overvalued). 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.

Quantum software's adjusted book value per share for the three months ended in Mar. 2026 was zł16.020. 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 zł15.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Quantum software's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.20% 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 Quantum software was 10.70% per year. The lowest was 4.80% per year. And the median was 9.10% per year.

As of today (2026-07-15), Quantum software's current stock price is zł32.40. Quantum software's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł15.32. Quantum software's Cyclically Adjusted PB Ratio of today is 2.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Quantum software was 5.95. The lowest was 1.04. And the median was 1.88.


Quantum software  (WAR:QNT) 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.

Quantum software's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.40/15.32
=2.11

* 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 Quantum software was 5.95. The lowest was 1.04. And the median was 1.88.


Be Aware

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


Quantum software Cyclically Adjusted Book per Share Related Terms


Quantum software Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Quantum software'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.

Quantum software Cyclically Adjusted Book per Share Chart

Quantum software 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 11.09 12.85 13.71 14.38 14.81

Quantum software 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 14.64 14.65 14.71 14.81 15.32

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

For the Software - Application subindustry, Quantum software'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.


Quantum software Cyclically Adjusted PB Ratio vs Software Industry

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

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


WAR:QNT
83GF Score
Quantum software SA WAR:QNT
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quantum software 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, Quantum software'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)
=16.02/163.0700*163.0700
=16.020

Current CPI (Mar. 2026) = 163.0700.

Quantum software Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.424 99.552 13.799
201609 8.246 99.064 13.574
201612 9.945 100.366 16.158
201703 10.265 101.018 16.571
201706 8.144 101.180 13.126
201709 10.220 101.343 16.445
201712 10.892 102.564 17.318
201803 11.147 102.564 17.723
201806 8.075 103.378 12.738
201809 9.479 103.378 14.952
201812 9.391 103.785 14.755
201903 10.040 104.274 15.701
201906 8.281 105.983 12.742
201909 10.009 105.983 15.400
201912 9.757 107.123 14.853
202003 10.172 109.076 15.207
202006 10.913 109.402 16.267
202009 12.253 109.320 18.277
202012 13.097 109.565 19.493
202103 15.351 112.658 22.220
202106 12.500 113.960 17.887
202109 12.532 115.588 17.680
202112 13.826 119.088 18.932
202203 13.156 125.031 17.159
202206 10.154 131.705 12.572
202209 11.097 135.531 13.352
202212 12.122 139.113 14.210
202303 12.788 145.950 14.288
202306 12.189 147.009 13.521
202309 12.032 146.113 13.428
202312 13.138 147.741 14.501
202403 13.032 149.044 14.258
202406 10.887 150.997 11.757
202409 11.052 153.439 11.746
202412 14.538 154.660 15.329
202503 14.770 157.021 15.339
202506 11.691 157.509 12.104
202509 13.825 158.000 14.269
202512 16.562 158.320 17.059
202603 16.020 163.070 16.020

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 zł15.32 mean?
Quantum software (WAR:QNT) has a Cyclically Adjusted Book per Share of zł15.32 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 Quantum software and its competitors.
Is Quantum software's Cyclically Adjusted Book per Share too high?
Quantum software's current Cyclically Adjusted Book per Share is zł15.32. Overall, Quantum software has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quantum software's Cyclically Adjusted Book per Share compare to UBER and SHOP?
Quantum software's Cyclically Adjusted Book per Share of zł15.32 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 Quantum software and its competitors. Quantum software's current Cyclically Adjusted Book per Share is zł15.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quantum software stock overvalued right now?
Based on GuruFocus' analysis, Quantum software (WAR:QNT) is currently considered Modestly Overvalued. The stock's GF Value™ is zł25.72, compared to a current price of zł32.40 — trading 26% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł15.32. Quantum software's overall GF Score™ is 83/100 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 Quantum software (WAR:QNT), the current Cyclically Adjusted Book per Share is zł15.32 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 Quantum software (WAR:QNT) Overvalued in 2026?

Based on GuruFocus' analysis, Quantum software stock appears to be overvalued. The current stock price of zł32.40 is trading 26% above its estimated GF Value™ of zł25.72. GuruFocus considers Quantum software to be Modestly Overvalued.

Key valuation signals for WAR:QNT:

  • Cyclically Adjusted Book per Share: zł15.32
  • GF Value™: zł25.72 vs. price of zł32.40 (26% above fair value)
  • GF Score™: 83/100 with 5 warning signs

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


Quantum software Business Description

Address ulica Walerego Slawka 3A, Krakow, POL, 30-633
Quantum software SA offers IT systems for companies that have particularly high requirements in the field of logistics and supply chain management. The company's flagship product is the proprietary QGUAR software package - a Supply Chain Execution system used to manage complex production, warehousing and distribution structures. It provides IT services for Production, Transport, Storage, and Plant environment. Its key products include WMS Pro, MES, APS, TMS, DS, and YMS. Quantum Software also offers implementation services, training, and ongoing support for its software products. It serves logistics centers, warehouses, manufacturing companies, and transport logistics operators both in Poland and internationally.
83GF Score

Get the complete analysis for WAR:QNT

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

zł32.40
Price
zł25.72
GF Value