TenderHut (WAR:THG) Cyclically Adjusted Book per Share: zł11.62 (As of Mar. 2026)


WAR:THG TenderHut SA WAR:THG
79 GF Score
Price zł5.58
GF Value zł5.68
Valuation Fairly Valued
! 5 Warning Signs
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What is TenderHut Cyclically Adjusted Book per Share?

TenderHut WAR:THG 79 Cyclically Adjusted Book per Share is zł11.62 as of Mar. 2026. GuruFocus rates WAR:THG with a GF Score™ of 79/100 and a GF Value™ of zł5.68 (Fairly Valued). 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.

TenderHut's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was zł5.643. 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 zł11.62 for the trailing ten years ended in Dec. 2025.

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 (2026-07-12), TenderHut's current stock price is zł 5.58. TenderHut's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was zł11.62. TenderHut's Cyclically Adjusted PB Ratio of today is 0.48.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of TenderHut was 0.57. The lowest was 0.48. And the median was 0.55.


TenderHut  (WAR:THG) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.58/11.62
=0.48

* 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 10 years, the highest Cyclically Adjusted PB Ratio of TenderHut was 0.57. The lowest was 0.48. And the median was 0.55.


Be Aware

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


TenderHut Cyclically Adjusted Book per Share Related Terms


TenderHut Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for TenderHut'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.

TenderHut Cyclically Adjusted Book per Share Chart

TenderHut 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 0.00 0.00 11.62

TenderHut 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 0.00 0.00 0.00 11.62 0.00

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

For the Software - Application subindustry, TenderHut'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.


TenderHut Cyclically Adjusted PB Ratio vs Software Industry

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

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


WAR:THG
79GF Score
TenderHut SA WAR:THG
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TenderHut 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, TenderHut's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=5.643/158.3200*158.3200
=5.643

Current CPI (Dec. 2025) = 158.3200.

TenderHut Annual Data

Book Value per Share CPI Adj_Book
201612 0.000 100.366 0.000
201712 2.254 102.564 3.479
201812 5.133 103.785 7.830
201912 6.920 107.123 10.227
202012 10.910 109.565 15.765
202112 18.928 119.088 25.164
202212 15.229 139.113 17.332
202312 9.828 147.741 10.532
202412 8.380 154.660 8.578
202512 5.643 158.320 5.643

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 zł11.62 mean?
TenderHut (WAR:THG) has a Cyclically Adjusted Book per Share of zł11.62 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 TenderHut and its competitors.
Is TenderHut's Cyclically Adjusted Book per Share too high?
TenderHut's current Cyclically Adjusted Book per Share is zł11.62. Overall, TenderHut has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TenderHut's Cyclically Adjusted Book per Share compare to UBER and SHOP?
TenderHut's Cyclically Adjusted Book per Share of zł11.62 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 TenderHut and its competitors. TenderHut's current Cyclically Adjusted Book per Share is zł11.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TenderHut stock overvalued right now?
Based on GuruFocus' analysis, TenderHut (WAR:THG) is currently considered Fairly Valued. The stock's GF Value™ is zł5.68, compared to a current price of zł5.58 — trading 1.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is zł11.62. TenderHut's overall GF Score™ is 79/100 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 TenderHut (WAR:THG), the current Cyclically Adjusted Book per Share is zł11.62 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 TenderHut (WAR:THG) Overvalued in 2026?

Based on GuruFocus' analysis, TenderHut stock appears to be undervalued. The current stock price of zł5.58 is trading 1.8% below its estimated GF Value™ of zł5.68. GuruFocus considers TenderHut to be Fairly Valued.

Key valuation signals for WAR:THG:

  • Cyclically Adjusted Book per Share: zł11.62
  • GF Value™: zł5.68 vs. price of zł5.58 (1.8% below fair value)
  • GF Score™: 79/100 with 5 warning signs

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


TenderHut Business Description

Address 110 Sienkiewicza Street, Bialystok, POL, 15-005
TenderHut SA is a technological group consisting of companies. It is involved in software design and development, LIMS Systems, and other segments. It derives majority of revenue from software design and development which is engaged in the designing, adapting, and developing IT systems and offers broadly defined process and technological IT outsourcing services for clients from a broad spectrum of industries.
79GF Score

Get the complete analysis for WAR:THG

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

zł5.58
Price
zł5.68
GF Value