Grodno (FRA:WO7) Cyclically Adjusted PB Ratio: 1.62 (As of Sep. 13, 2026) — 17% 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:WO7 Grodno SA FRA:WO7
70 GF Score
Price €3.25
GF Value €2.55
! 3 Warning Signs
View Full Analysis

What is Grodno Cyclically Adjusted PB Ratio?

Grodno FRA:WO7 -2.99% 70 Cyclically Adjusted PB Ratio is 1.62 as of Sep. 13, 2026, which is 17% below its 10-year median of 1.95. GuruFocus rates FRA:WO7 with a GF Score™ of 70/100 and a GF Value™ of €2.55. The stock has 3 warning signs investors should review. Among 1,929 Hardware companies, Grodno ranks better than 54.33% on this metric.

As of today (2026-09-13), Grodno's current share price is €3.25. Grodno's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €2.01. Grodno's Cyclically Adjusted PB Ratio for today is 1.62.

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

FRA:WO7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.95   Max: 5.13
Current: 1.74

During the past years, Grodno's highest Cyclically Adjusted PB Ratio was 5.13. The lowest was 0.98. And the median was 1.95.

FRA:WO7's Cyclically Adjusted PB Ratio is ranked better than
54.33% of 1929 companies
in the Hardware industry
Industry Median: 2.05 vs FRA:WO7: 1.74

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.

Grodno's adjusted book value per share data for the three months ended in Jun. 2026 was €2.117. 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 €2.01 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grodno  (FRA:WO7) 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.


Grodno Cyclically Adjusted PB Ratio Related Terms


Grodno Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grodno'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.

Grodno Cyclically Adjusted PB Ratio Chart

Grodno Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 2.22 1.51 1.42 1.57

Grodno 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 1.31 1.36 1.38 1.57 1.96

FRA:WO7 vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Grodno'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.


Grodno Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Grodno's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:WO7
70GF Score
Grodno SA FRA:WO7
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grodno 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.

Grodno's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.25/2.01
=1.62

* 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.

Grodno's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Grodno'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)
=2.117/162.2800*162.2800
=2.117

Current CPI (Jun. 2026) = 162.2800.

Grodno Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.749 99.064 1.227
201612 0.834 100.366 1.348
201703 0.850 101.018 1.365
201706 0.857 101.180 1.375
201709 0.846 101.343 1.355
201712 0.939 102.564 1.486
201803 0.949 102.564 1.502
201806 0.958 103.378 1.504
201809 0.949 103.378 1.490
201812 1.026 103.785 1.604
201903 1.044 104.274 1.625
201906 1.060 105.983 1.623
201909 1.080 105.983 1.654
201912 1.182 107.123 1.791
202003 1.219 109.076 1.814
202006 1.306 109.402 1.937
202009 1.345 109.320 1.997
202012 1.376 109.565 2.038
202103 1.407 112.658 2.027
202106 1.533 113.960 2.183
202109 1.698 115.588 2.384
202112 1.849 119.088 2.520
202203 2.017 125.031 2.618
202206 2.149 131.705 2.648
202209 2.031 135.531 2.432
202212 2.160 139.113 2.520
202303 2.158 145.950 2.399
202306 2.227 147.009 2.458
202309 2.231 146.113 2.478
202312 2.309 147.741 2.536
202403 2.252 149.044 2.452
202406 2.253 150.997 2.421
202409 1.975 153.439 2.089
202412 2.018 154.660 2.117
202503 1.909 157.021 1.973
202506 1.946 157.509 2.005
202509 1.993 158.000 2.047
202512 2.085 158.320 2.137
202603 2.080 163.070 2.070
202606 2.117 162.280 2.117

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 1.62 mean?
Grodno (FRA:WO7) has a Cyclically Adjusted PB Ratio of 1.62 as of Sep. 13, 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 Grodno and its competitors. This is 17% below median its historical median of 1.95. Over the past decade, Grodno's Cyclically Adjusted PB Ratio has ranged from 0.98 to 5.13. According to the industry distribution chart, Grodno ranks #881 out of 1929 companies in the Hardware industry, placing it in the top 45.7%.
Is Grodno's Cyclically Adjusted PB Ratio too high?
Grodno's current Cyclically Adjusted PB Ratio of 1.62 is 17% below median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 5.13. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Grodno's value of 1.62 is 21% below this industry median. Based on the distribution chart, Grodno ranks #881 out of 1929 companies in the Hardware industry, which is above the industry midpoint. Overall, Grodno has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Grodno's Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Grodno ranks #881 out of 1929 companies for Cyclically Adjusted PB Ratio. This puts Grodno in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. Grodno's value of 1.62 is 21% below this benchmark. Historically, Grodno's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 5.13 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 2.05, Grodno 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.05, based on 1,929 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. Grodno's current Cyclically Adjusted PB Ratio of 1.62 is 21% 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 Grodno and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grodno's current Cyclically Adjusted PB Ratio is 1.62, which is 17% below median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grodno stock overvalued right now?
Grodno (FRA:WO7) has a current Cyclically Adjusted PB Ratio of 1.62. The stock's GF Value™ is €2.55, compared to a current price of €3.25 — trading 27.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.62, which is 17% below median its 10-year median of 1.95 and 21% below the Hardware industry median of 2.05. Grodno's overall GF Score™ is 70/100 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 Grodno (FRA:WO7), the current Cyclically Adjusted PB Ratio is 1.62 as of Sep. 13, 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 Grodno (FRA:WO7) Overvalued in 2026?

Based on GuruFocus' analysis, Grodno stock appears to be overvalued. The current stock price of €3.25 is trading 27.5% above its estimated GF Value™ of €2.55.

Key valuation signals for FRA:WO7:

  • Cyclically Adjusted PB Ratio: 1.62 (17% below median its 10-year median of 1.95)
  • GF Value™: €2.55 vs. price of €3.25 (27.5% above fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 21% below the Hardware median (#881 of 1929)

No single metric tells the full story. See the FRA:WO7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grodno Business Description

Other Exchanges GRN:Poland
Address Ulica Kwiatkowa 14, Michalow Grabina, POL, 05-126
Grodno SA is a distributor of electrotechnical and lighting articles in Poland. The company's services include lighting audit, lighting design, AW/EW lighting designs together with arrangements, optimization of the lighting project and programming and commissioning of lighting control systems.
70GF Score

Get the complete analysis for FRA:WO7

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

€3.25
Price
€2.55
GF Value