Orzel Bialy (FRA:I77) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:I77 Orzel Bialy SA FRA:I77
79 GF Score
Price €8.90
GF Value €6.13
! 5 Warning Signs
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What is Orzel Bialy Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orzel Bialy  (FRA:I77) 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.


Orzel Bialy Cyclically Adjusted PB Ratio Related Terms


Orzel Bialy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orzel Bialy'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.

Orzel Bialy Cyclically Adjusted PB Ratio Chart

Orzel Bialy 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 1.37 1.26 1.41 1.18 1.19

Orzel Bialy 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 1.23 1.28 1.25 1.19 1.07

FRA:I77 vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Orzel Bialy'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.


Orzel Bialy Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Orzel Bialy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:I77
79GF Score
Orzel Bialy SA FRA:I77
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orzel Bialy 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.

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

For example, Orzel Bialy'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)
=10.471/330.2130*330.2130
=10.471

Current CPI (Mar. 2026) = 330.2130.

Orzel Bialy Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.566 241.018 4.886
201609 3.459 241.428 4.731
201612 3.372 241.432 4.612
201703 3.460 243.801 4.686
201706 3.551 244.955 4.787
201709 3.583 246.819 4.794
201712 3.699 246.524 4.955
201803 3.788 249.554 5.012
201806 3.523 251.989 4.617
201809 3.717 252.439 4.862
201812 3.616 251.233 4.753
201903 3.682 254.202 4.783
201906 3.733 256.143 4.812
201909 3.703 256.759 4.762
201912 3.996 256.974 5.135
202003 4.026 258.115 5.151
202006 4.053 257.797 5.192
202009 4.233 260.280 5.370
202012 4.558 260.474 5.778
202103 4.773 264.877 5.950
202106 4.904 271.696 5.960
202109 5.259 274.310 6.331
202112 5.457 278.802 6.463
202203 5.866 287.504 6.737
202206 6.348 296.311 7.074
202209 6.493 296.808 7.224
202212 6.850 296.797 7.621
202303 7.375 301.836 8.068
202306 7.724 305.109 8.360
202309 7.953 307.789 8.532
202312 8.505 306.746 9.156
202403 8.776 312.332 9.278
202406 8.772 314.175 9.220
202409 9.225 315.301 9.661
202412 9.625 315.605 10.070
202503 9.992 319.799 10.317
202506 9.845 322.561 10.079
202509 10.042 324.800 10.209
202512 10.319 324.054 10.515
202603 10.471 330.213 10.471

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.

Is Orzel Bialy (FRA:I77) Overvalued in 2026?

Based on GuruFocus' analysis, Orzel Bialy stock appears to be overvalued. The current stock price of €8.90 is trading 45.2% above its estimated GF Value™ of €6.13.

Key valuation signals for FRA:I77:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €6.13 vs. price of €8.90 (45.2% above fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the FRA:I77 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orzel Bialy Business Description

Other Exchanges OBL:Poland
Address ul. Rozdzienskiego 24, Piekary Slaskie, POL, 41-946
Orzel Bialy SA is a Poland based company engaged in recycling of used batteries. The company delivers its products to battery making companies, with batteries and accumulators supplied mainly to the automotive industry.
79GF Score

Get the complete analysis for FRA:I77

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

€8.90
Price
€6.13
GF Value