Mennica Skarbowa (FRA:98S) Cyclically Adjusted PB Ratio: 1.30 (As of Jul. 31, 2026) — 51% Below Median

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FRA:98S Mennica Skarbowa SA FRA:98S
74 GF Score
Price €10.05
GF Value €22.89
! 2 Warning Signs
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What is Mennica Skarbowa Cyclically Adjusted PB Ratio?

Mennica Skarbowa FRA:98S -7.37% 74 Cyclically Adjusted PB Ratio is 1.30 as of Jul. 31, 2026, which is 51% below its 10-year median of 2.65. GuruFocus rates FRA:98S with a GF Score™ of 74/100 and a GF Value™ of €22.89. The stock has 2 warning signs investors should review. Among 808 Retail - Cyclical companies, Mennica Skarbowa ranks worse than 57.92% on this metric.

As of today (2026-07-31), Mennica Skarbowa's current share price is €10.05. Mennica Skarbowa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €7.71. Mennica Skarbowa's Cyclically Adjusted PB Ratio for today is 1.30.

The historical rank and industry rank for Mennica Skarbowa's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:98S' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.49   Med: 2.65   Max: 18.64
Current: 1.49

During the past years, Mennica Skarbowa's highest Cyclically Adjusted PB Ratio was 18.64. The lowest was 1.49. And the median was 2.65.

FRA:98S's Cyclically Adjusted PB Ratio is ranked worse than
57.92% of 808 companies
in the Retail - Cyclical industry
Industry Median: 1.245 vs FRA:98S: 1.49

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.

Mennica Skarbowa's adjusted book value per share data for the three months ended in Mar. 2026 was €17.425. 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 €7.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mennica Skarbowa  (FRA:98S) 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.


Mennica Skarbowa Cyclically Adjusted PB Ratio Related Terms


Mennica Skarbowa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mennica Skarbowa'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.

Mennica Skarbowa Cyclically Adjusted PB Ratio Chart

Mennica Skarbowa 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 14.43 5.56 2.93 1.50 1.80

Mennica Skarbowa 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 2.12 1.85 1.95 1.80 1.74

FRA:98S vs TPR, SIG: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Mennica Skarbowa'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.


Mennica Skarbowa Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mennica Skarbowa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:98S
74GF Score
Mennica Skarbowa SA FRA:98S
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mennica Skarbowa 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.

Mennica Skarbowa's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.05/7.71
=1.30

* 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.

Mennica Skarbowa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mennica Skarbowa'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)
=17.425/163.0700*163.0700
=17.425

Current CPI (Mar. 2026) = 163.0700.

Mennica Skarbowa Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.491 99.552 0.804
201609 0.544 99.064 0.895
201612 0.617 100.366 1.002
201703 0.686 101.018 1.107
201706 0.762 101.180 1.228
201709 0.775 101.343 1.247
201712 0.737 102.564 1.172
201803 0.741 102.564 1.178
201806 0.665 103.378 1.049
201809 0.781 103.378 1.232
201812 1.011 103.785 1.589
201903 0.820 104.274 1.282
201906 0.978 105.983 1.505
201909 1.432 105.983 2.203
201912 1.790 107.123 2.725
202003 3.106 109.076 4.644
202006 3.710 109.402 5.530
202009 5.172 109.320 7.715
202012 5.136 109.565 7.644
202103 6.828 112.658 9.883
202106 4.959 113.960 7.096
202109 6.305 115.588 8.895
202112 7.743 119.088 10.603
202203 11.607 125.031 15.138
202206 12.083 131.705 14.960
202209 12.955 135.531 15.587
202212 12.308 139.113 14.428
202303 13.018 145.950 14.545
202306 12.499 147.009 13.865
202309 11.470 146.113 12.801
202312 10.362 147.741 11.437
202403 11.533 149.044 12.618
202406 12.197 150.997 13.172
202409 12.559 153.439 13.347
202412 12.129 154.660 12.789
202503 12.627 157.021 13.113
202506 13.126 157.509 13.589
202509 14.040 158.000 14.491
202512 15.324 158.320 15.784
202603 17.425 163.070 17.425

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 1.30 mean?
Mennica Skarbowa (FRA:98S) has a Cyclically Adjusted PB Ratio of 1.30 as of Jul. 31, 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 Mennica Skarbowa and its competitors. This is 51% below median its historical median of 2.65. Over the past decade, Mennica Skarbowa's Cyclically Adjusted PB Ratio has ranged from 1.49 to 18.64. According to the industry distribution chart, Mennica Skarbowa ranks #468 out of 808 companies in the Retail - Cyclical industry, placing it in the top 57.9%.
Is Mennica Skarbowa's Cyclically Adjusted PB Ratio too high?
Mennica Skarbowa's current Cyclically Adjusted PB Ratio of 1.30 is 51% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 18.64. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Mennica Skarbowa's value of 1.30 is 4.4% above this industry median. Based on the distribution chart, Mennica Skarbowa ranks #468 out of 808 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Mennica Skarbowa has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Mennica Skarbowa's Cyclically Adjusted PB Ratio compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Mennica Skarbowa ranks #468 out of 808 companies for Cyclically Adjusted PB Ratio. This places Mennica Skarbowa in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Mennica Skarbowa's value of 1.30 is 4.4% above this benchmark. Historically, Mennica Skarbowa's own Cyclically Adjusted PB Ratio has ranged from 1.49 to 18.64 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 1.25, Mennica Skarbowa has consistently been above 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 a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 808 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. Mennica Skarbowa's current Cyclically Adjusted PB Ratio of 1.30 is 4.4% above 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 Mennica Skarbowa and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mennica Skarbowa's current Cyclically Adjusted PB Ratio is 1.30, which is 51% below median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mennica Skarbowa stock overvalued right now?
Mennica Skarbowa (FRA:98S) has a current Cyclically Adjusted PB Ratio of 1.30. The stock's GF Value™ is €22.89, compared to a current price of €10.05 — trading 56.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.30, which is 51% below median its 10-year median of 2.65 and 4.4% above the Retail - Cyclical industry median of 1.25. Mennica Skarbowa's overall GF Score™ is 74/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Mennica Skarbowa (FRA:98S), the current Cyclically Adjusted PB Ratio is 1.30 as of Jul. 31, 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 Mennica Skarbowa (FRA:98S) Overvalued in 2026?

Based on GuruFocus' analysis, Mennica Skarbowa stock appears to be undervalued. The current stock price of €10.05 is trading 56.1% below its estimated GF Value™ of €22.89.

Key valuation signals for FRA:98S:

  • Cyclically Adjusted PB Ratio: 1.30 (51% below median its 10-year median of 2.65)
  • GF Value™: €22.89 vs. price of €10.05 (56.1% below fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 4.4% above the Retail - Cyclical median (#468 of 808)

No single metric tells the full story. See the FRA:98S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mennica Skarbowa Business Description

Other Exchanges MNS:Poland98S:Germany
Address Ulica Jasna 1, Warsaw, POL, 00-013
Mennica Skarbowa SA is an investment company in Poland. The company markets and sells capital goods such as gold, diamonds, silver as well as advice to diversify the investment portfolio of alternative investments.
74GF Score

Get the complete analysis for FRA:98S

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

€10.05
Price
€22.89
GF Value