Mennica Skarbowa (FRA:98S) Cyclically Adjusted PB Ratio: 1.36 (As of Sep. 05, 2026) — 48% Below Median

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FRA:98S Mennica Skarbowa SA FRA:98S
72 GF Score
Price €11.10
GF Value €21.39
! 3 Warning Signs
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What is Mennica Skarbowa Cyclically Adjusted PB Ratio?

Mennica Skarbowa FRA:98S +0.91% 72 Cyclically Adjusted PB Ratio is 1.36 as of Sep. 05, 2026, which is 48% below its 10-year median of 2.64. GuruFocus rates FRA:98S with a GF Score™ of 72/100 and a GF Value™ of €21.39. The stock has 3 warning signs investors should review. Among 756 Retail - Cyclical companies, Mennica Skarbowa ranks worse than 54.5% on this metric.

As of today (2026-09-05), Mennica Skarbowa's current share price is €11.10. Mennica Skarbowa's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.15. Mennica Skarbowa's Cyclically Adjusted PB Ratio for today is 1.36.

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: 1.39   Med: 2.64   Max: 18.64
Current: 1.41

During the past years, Mennica Skarbowa's highest Cyclically Adjusted PB Ratio was 18.64. The lowest was 1.39. And the median was 2.64.

FRA:98S's Cyclically Adjusted PB Ratio is ranked worse than
54.5% of 756 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs FRA:98S: 1.41

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 Jun. 2026 was €17.596. 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 €8.15 for the trailing ten years ended in Jun. 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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.85 1.95 1.80 1.74 1.52

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
72GF 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
=11.10/8.15
=1.36

* 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 Jun. 2026 is calculated as:

For example, Mennica Skarbowa's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=17.596/162.2800*162.2800
=17.596

Current CPI (Jun. 2026) = 162.2800.

Mennica Skarbowa Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.545 99.064 0.893
201612 0.618 100.366 0.999
201703 0.688 101.018 1.105
201706 0.763 101.180 1.224
201709 0.776 101.343 1.243
201712 0.738 102.564 1.168
201803 0.743 102.564 1.176
201806 0.666 103.378 1.045
201809 0.783 103.378 1.229
201812 1.013 103.785 1.584
201903 0.822 104.274 1.279
201906 0.980 105.983 1.501
201909 1.435 105.983 2.197
201912 1.794 107.123 2.718
202003 3.112 109.076 4.630
202006 3.717 109.402 5.514
202009 5.183 109.320 7.694
202012 5.145 109.565 7.620
202103 6.841 112.658 9.854
202106 4.968 113.960 7.074
202109 6.317 115.588 8.869
202112 7.758 119.088 10.572
202203 11.630 125.031 15.095
202206 12.107 131.705 14.918
202209 12.981 135.531 15.543
202212 12.332 139.113 14.386
202303 13.044 145.950 14.503
202306 12.524 147.009 13.825
202309 11.492 146.113 12.764
202312 10.383 147.741 11.405
202403 11.556 149.044 12.582
202406 12.221 150.997 13.134
202409 12.584 153.439 13.309
202412 12.153 154.660 12.752
202503 12.652 157.021 13.076
202506 13.153 157.509 13.551
202509 14.068 158.000 14.449
202512 15.354 158.320 15.738
202603 17.459 163.070 17.374
202606 17.596 162.280 17.596

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 1.36 mean?
Mennica Skarbowa (FRA:98S) has a Cyclically Adjusted PB Ratio of 1.36 as of Sep. 05, 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 48% below median its historical median of 2.64. Over the past decade, Mennica Skarbowa's Cyclically Adjusted PB Ratio has ranged from 1.39 to 18.64. According to the industry distribution chart, Mennica Skarbowa ranks #412 out of 756 companies in the Retail - Cyclical industry, placing it in the top 54.5%.
Is Mennica Skarbowa's Cyclically Adjusted PB Ratio too high?
Mennica Skarbowa's current Cyclically Adjusted PB Ratio of 1.36 is 48% below median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 18.64. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Mennica Skarbowa's value of 1.36 is 9.7% above this industry median. Based on the distribution chart, Mennica Skarbowa ranks #412 out of 756 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Mennica Skarbowa has a GF Score™ of 72/100, 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 #412 out of 756 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 1.24. Mennica Skarbowa's value of 1.36 is 9.7% above this benchmark. Historically, Mennica Skarbowa's own Cyclically Adjusted PB Ratio has ranged from 1.39 to 18.64 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 1.24, 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 1.24, based on 756 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 1.36 is 9.7% 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 1.24 — 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 1.36, which is 48% below median its own 10-year median of 2.64. 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 1.36. The stock's GF Value™ is €21.39, compared to a current price of €11.10 — trading 48.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.36, which is 48% below median its 10-year median of 2.64 and 9.7% above the Retail - Cyclical industry median of 1.24. Mennica Skarbowa's overall GF Score™ is 72/100 with 3 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 1.36 as of Sep. 05, 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 €11.10 is trading 48.1% below its estimated GF Value™ of €21.39.

Key valuation signals for FRA:98S:

  • Cyclically Adjusted PB Ratio: 1.36 (48% below median its 10-year median of 2.64)
  • GF Value™: €21.39 vs. price of €11.10 (48.1% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 9.7% above the Retail - Cyclical median (#412 of 756)

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.
72GF 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.

€11.10
Price
€21.39
GF Value