Grupa Azoty Zaklady Chemiczne Police (FRA:697) Cyclically Adjusted PB Ratio: 0.45 (As of Jul. 18, 2026) — 40% Below Median

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.

FRA:697 Grupa Azoty Zaklady Chemiczne Police SA FRA:697
57 GF Score
Price €1.53
GF Value €1.63
! 8 Warning Signs
View Full Analysis

What is Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio?

Grupa Azoty Zaklady Chemiczne Police FRA:697 -1.29% 57 Cyclically Adjusted PB Ratio is 0.45 as of Jul. 18, 2026, which is 40% below its 10-year median of 0.75. GuruFocus rates FRA:697 with a GF Score™ of 57/100 and a GF Value™ of €1.63. The stock has 8 warning signs investors should review. Among 200 Agriculture companies, Grupa Azoty Zaklady Chemiczne Police ranks better than 89.5% on this metric.

As of today (2026-07-18), Grupa Azoty Zaklady Chemiczne Police's current share price is €1.525. Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.38. Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio for today is 0.45.

The historical rank and industry rank for Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:697' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.75   Max: 1.56
Current: 0.46

During the past years, Grupa Azoty Zaklady Chemiczne Police's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.39. And the median was 0.75.

FRA:697's Cyclically Adjusted PB Ratio is ranked better than
89.5% of 200 companies
in the Agriculture industry
Industry Median: 1.39 vs FRA:697: 0.46

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.

Grupa Azoty Zaklady Chemiczne Police's adjusted book value per share data for the three months ended in Mar. 2026 was €-0.397. 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 €3.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupa Azoty Zaklady Chemiczne Police  (FRA:697) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio Related Terms


Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio 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.

Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio Chart

Grupa Azoty Zaklady Chemiczne Police Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.66 0.69 0.41 0.48

Grupa Azoty Zaklady Chemiczne Police Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 0.54 0.54 0.52 0.48 0.48

FRA:697 vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Grupa Azoty Zaklady Chemiczne Police'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.


Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio falls into.


FRA:697
57GF Score
Grupa Azoty Zaklady Chemiczne Police SA FRA:697
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.525/3.38
=0.45

* 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.

Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Grupa Azoty Zaklady Chemiczne Police'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)
=-0.397/163.0700*163.0700
=-0.397

Current CPI (Mar. 2026) = 163.0700.

Grupa Azoty Zaklady Chemiczne Police Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.253 99.552 5.329
201609 3.251 99.064 5.352
201612 2.853 100.366 4.635
201703 3.044 101.018 4.914
201706 3.015 101.180 4.859
201709 3.082 101.343 4.959
201712 3.072 102.564 4.884
201803 3.170 102.564 5.040
201806 2.931 103.378 4.623
201809 2.881 103.378 4.545
201812 2.890 103.785 4.541
201903 3.022 104.274 4.726
201906 3.031 105.983 4.664
201909 3.010 105.983 4.631
201912 2.089 107.123 3.180
202003 3.029 109.076 4.528
202006 3.051 109.402 4.548
202009 3.076 109.320 4.588
202012 3.217 109.565 4.788
202103 3.242 112.658 4.693
202106 3.315 113.960 4.744
202109 3.340 115.588 4.712
202112 3.418 119.088 4.680
202203 3.563 125.031 4.647
202206 3.973 131.705 4.919
202209 3.942 135.531 4.743
202212 3.439 139.113 4.031
202303 3.324 145.950 3.714
202306 3.344 147.009 3.709
202309 3.118 146.113 3.480
202312 1.367 147.741 1.509
202403 1.294 149.044 1.416
202406 1.170 150.997 1.264
202409 1.171 153.439 1.245
202412 1.178 154.660 1.242
202503 1.091 157.021 1.133
202506 0.897 157.509 0.929
202509 0.896 158.000 0.925
202512 -0.310 158.320 -0.319
202603 -0.397 163.070 -0.397

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 0.45 mean?
Grupa Azoty Zaklady Chemiczne Police (FRA:697) has a Cyclically Adjusted PB Ratio of 0.45 as of Jul. 18, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Grupa Azoty Zaklady Chemiczne Police and its competitors. This is 40% below median its historical median of 0.75. Over the past decade, Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.56. According to the industry distribution chart, Grupa Azoty Zaklady Chemiczne Police ranks #21 out of 200 companies in the Agriculture industry, placing it in the top 10.5%.
Is Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio too high?
Grupa Azoty Zaklady Chemiczne Police's current Cyclically Adjusted PB Ratio of 0.45 is 40% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.56. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.39. Grupa Azoty Zaklady Chemiczne Police's value of 0.45 is 67.6% below this industry median. Based on the distribution chart, Grupa Azoty Zaklady Chemiczne Police ranks #21 out of 200 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Grupa Azoty Zaklady Chemiczne Police has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Grupa Azoty Zaklady Chemiczne Police ranks #21 out of 200 companies for Cyclically Adjusted PB Ratio. This places Grupa Azoty Zaklady Chemiczne Police in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.39. Grupa Azoty Zaklady Chemiczne Police's value of 0.45 is 67.6% below this benchmark. Historically, Grupa Azoty Zaklady Chemiczne Police's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.56 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.39, Grupa Azoty Zaklady Chemiczne Police has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.39, based on 200 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Grupa Azoty Zaklady Chemiczne Police's current Cyclically Adjusted PB Ratio of 0.45 is 67.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Grupa Azoty Zaklady Chemiczne Police and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupa Azoty Zaklady Chemiczne Police's current Cyclically Adjusted PB Ratio is 0.45, which is 40% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupa Azoty Zaklady Chemiczne Police stock overvalued right now?
Grupa Azoty Zaklady Chemiczne Police (FRA:697) has a current Cyclically Adjusted PB Ratio of 0.45. The stock's GF Value™ is €1.63, compared to a current price of €1.53 — trading 6.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 40% below median its 10-year median of 0.75 and 67.6% below the Agriculture industry median of 1.39. Grupa Azoty Zaklady Chemiczne Police's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Grupa Azoty Zaklady Chemiczne Police (FRA:697), the current Cyclically Adjusted PB Ratio is 0.45 as of Jul. 18, 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 Grupa Azoty Zaklady Chemiczne Police (FRA:697) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa Azoty Zaklady Chemiczne Police stock appears to be undervalued. The current stock price of €1.53 is trading 6.4% below its estimated GF Value™ of €1.63.

Key valuation signals for FRA:697:

  • Cyclically Adjusted PB Ratio: 0.45 (40% below median its 10-year median of 0.75)
  • GF Value™: €1.63 vs. price of €1.53 (6.4% below fair value)
  • GF Score™: 57/100 with 8 warning signs
  • Industry Position: 67.6% below the Agriculture median (#21 of 200)

No single metric tells the full story. See the FRA:697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupa Azoty Zaklady Chemiczne Police Business Description

Other Exchanges PCE:Poland
Address ul Kuznicka 1, Police, POL, 72-010
Grupa Azoty Zaklady Chemiczne Police SA is a Poland based company operating in the chemical industry. Its core business activities include manufacturing and sale of fertilizers, pigments, chemicals, plastics, sulfur, among others. Its product portfolio includes nitrogenous fertilizers, nitrogen fertilizers with sulfur, compound fertilizers, polyethylene tubes, plasticizers, alcohols, catalysts, organic chemicals, inorganic chemicals, liquid sulfur, insoluble sulfur, sulfur pastilles, among others.
57GF Score

Get the complete analysis for FRA:697

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

€1.53
Price
€1.63
GF Value