MakoLab (WAR:MLB) Cyclically Adjusted FCF per Share: zł0.63 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:MLB MakoLab SA WAR:MLB
77 GF Score
Price zł9.65
GF Value zł5.26
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is MakoLab Cyclically Adjusted FCF per Share?

MakoLab WAR:MLB -0.52% 77 Cyclically Adjusted FCF per Share is zł0.63 as of Mar. 2026. GuruFocus rates WAR:MLB with a GF Score™ of 77/100 and a GF Value™ of zł5.26 (Significantly Overvalued). The stock has 4 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

MakoLab's adjusted free cash flow per share for the three months ended in Mar. 2026 was zł0.221. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is zł0.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, MakoLab's average Cyclically Adjusted FCF Growth Rate was 18.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.40% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of MakoLab was 21.80% per year. The lowest was 7.30% per year. And the median was 10.85% per year.

As of today (2026-07-15), MakoLab's current stock price is zł9.65. MakoLab's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was zł0.63. MakoLab's Cyclically Adjusted Price-to-FCF of today is 15.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MakoLab was 26.41. The lowest was 6.59. And the median was 12.31.


MakoLab  (WAR:MLB) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

MakoLab's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.65/0.63
=15.32

* 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 Price-to-FCF of MakoLab was 26.41. The lowest was 6.59. And the median was 12.31.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


MakoLab Cyclically Adjusted FCF per Share Related Terms


MakoLab Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for MakoLab's Cyclically Adjusted FCF 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.

MakoLab Cyclically Adjusted FCF per Share Chart

MakoLab Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.47 0.52 0.57 0.58

MakoLab Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 0.53 0.53 0.58 0.58 0.63

WAR:MLB vs IBM, ACN, FISV: Cyclically Adjusted FCF per Share Comparison

For the Information Technology Services subindustry, MakoLab's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


MakoLab Cyclically Adjusted Price-to-FCF vs Software Industry

For the Software industry and Technology sector, MakoLab's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where MakoLab's Cyclically Adjusted Price-to-FCF falls into.


WAR:MLB
77GF Score
MakoLab SA WAR:MLB
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MakoLab Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, MakoLab's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.221/163.0700*163.0700
=0.221

Current CPI (Mar. 2026) = 163.0700.

MakoLab Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.011 99.552 0.018
201609 0.097 99.064 0.160
201612 -0.066 100.366 -0.107
201703 0.013 101.018 0.021
201706 -0.136 101.180 -0.219
201709 0.323 101.343 0.520
201712 0.012 102.564 0.019
201803 -0.146 102.564 -0.232
201806 0.058 103.378 0.091
201809 -0.020 103.378 -0.032
201812 0.400 103.785 0.628
201903 0.177 104.274 0.277
201906 0.104 105.983 0.160
201909 0.133 105.983 0.205
201912 0.401 107.123 0.610
202003 0.428 109.076 0.640
202006 0.203 109.402 0.303
202009 0.281 109.320 0.419
202012 0.387 109.565 0.576
202103 -0.387 112.658 -0.560
202106 -0.121 113.960 -0.173
202109 -0.172 115.588 -0.243
202112 0.630 119.088 0.863
202203 -0.471 125.031 -0.614
202206 0.154 131.705 0.191
202209 0.507 135.531 0.610
202212 0.040 139.113 0.047
202303 -0.688 145.950 -0.769
202306 -0.380 147.009 -0.422
202309 1.061 146.113 1.184
202312 0.319 147.741 0.352
202403 0.060 149.044 0.066
202406 -0.204 150.997 -0.220
202409 0.261 153.439 0.277
202412 0.372 154.660 0.392
202503 -0.034 157.021 -0.035
202506 0.010 157.509 0.010
202509 0.512 158.000 0.528
202512 0.477 158.320 0.491
202603 0.221 163.070 0.221

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of zł0.63 mean?
MakoLab (WAR:MLB) has a Cyclically Adjusted FCF per Share of zł0.63 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MakoLab and its competitors.
Is MakoLab's Cyclically Adjusted FCF per Share too high?
MakoLab's current Cyclically Adjusted FCF per Share is zł0.63. Overall, MakoLab has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MakoLab's Cyclically Adjusted FCF per Share compare to IBM and ACN?
MakoLab's Cyclically Adjusted FCF per Share of zł0.63 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 FCF per Share for a Software company?
A good Cyclically Adjusted FCF per Share depends on the Software industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MakoLab and its competitors. MakoLab's current Cyclically Adjusted FCF per Share is zł0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MakoLab stock overvalued right now?
Based on GuruFocus' analysis, MakoLab (WAR:MLB) is currently considered Significantly Overvalued. The stock's GF Value™ is zł5.26, compared to a current price of zł9.65 — trading 83.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is zł0.63. MakoLab's overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For MakoLab (WAR:MLB), the current Cyclically Adjusted FCF per Share is zł0.63 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 MakoLab (WAR:MLB) Overvalued in 2026?

Based on GuruFocus' analysis, MakoLab stock appears to be overvalued. The current stock price of zł9.65 is trading 83.5% above its estimated GF Value™ of zł5.26. GuruFocus considers MakoLab to be Significantly Overvalued.

Key valuation signals for WAR:MLB:

  • Cyclically Adjusted FCF per Share: zł0.63
  • GF Value™: zł5.26 vs. price of zł9.65 (83.5% above fair value)
  • GF Score™: 77/100 with 4 warning signs

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


MakoLab Business Description

Address ul. Ogrodowa 8, Lodz, POL, 91-062
MakoLab SA engaged in the provision of technology and marketing solutions in Poland. It is engaged in the creation and implementation of Web solutions, including Web services, portals, WWW pages, and visual projects; and provision of maintenance and management services of IT resources. The company serves Automotive, Finance, Banking and Insurance, Commercial Real Estate, Public sector, Culture and Education, Lifestyle, and Tourism, Travelling and Leisure.
77GF Score

Get the complete analysis for WAR:MLB

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

zł9.65
Price
zł5.26
GF Value