Polisan Holding AS (IST:POLHO) Cyclically Adjusted PB Ratio: 8.25 (As of Jul. 09, 2026) — 134% Above Median


IST:POLHO Polisan Holding AS IST:POLHO
53 GF Score
Price ₺22.12
GF Value ₺7.87
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Polisan Holding AS Cyclically Adjusted PB Ratio?

Polisan Holding AS IST:POLHO +4.73% 53 Cyclically Adjusted PB Ratio is 8.25 as of Jul. 09, 2026, which is 134% above its 10-year median of 3.53. GuruFocus rates IST:POLHO with a GF Score™ of 53/100 and a GF Value™ of ₺7.87 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,284 Chemicals companies, Polisan Holding AS ranks worse than 89.1% on this metric.

As of today (2026-07-09), Polisan Holding AS's current share price is ₺22.12. Polisan Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺2.68. Polisan Holding AS's Cyclically Adjusted PB Ratio for today is 8.25.

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

IST:POLHO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 3.53   Max: 15.06
Current: 7.9

During the past years, Polisan Holding AS's highest Cyclically Adjusted PB Ratio was 15.06. The lowest was 1.60. And the median was 3.53.

IST:POLHO's Cyclically Adjusted PB Ratio is ranked worse than
89.1% of 1284 companies
in the Chemicals industry
Industry Median: 1.78 vs IST:POLHO: 7.90

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.

Polisan Holding AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺19.222. 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 ₺2.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polisan Holding AS  (IST:POLHO) 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.


Polisan Holding AS Cyclically Adjusted PB Ratio Related Terms


Polisan Holding AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Polisan Holding AS'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.

Polisan Holding AS Cyclically Adjusted PB Ratio Chart

Polisan Holding AS 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 1.78 6.20 4.51 2.35 7.43

Polisan Holding AS 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 2.53 3.05 13.36 7.43 7.63

IST:POLHO vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Polisan Holding AS'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.


Polisan Holding AS Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polisan Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


IST:POLHO
53GF Score
Polisan Holding AS IST:POLHO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polisan Holding AS 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.

Polisan Holding AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.12/2.68
=8.25

* 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.

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

For example, Polisan Holding AS'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)
=19.222/330.2130*330.2130
=19.222

Current CPI (Mar. 2026) = 330.2130.

Polisan Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.222 241.018 0.304
201609 0.223 241.428 0.305
201612 0.339 241.432 0.464
201703 0.347 243.801 0.470
201706 0.353 244.955 0.476
201709 0.358 246.819 0.479
201712 0.385 246.524 0.516
201803 0.390 249.554 0.516
201806 0.391 251.989 0.512
201809 0.386 252.439 0.505
201812 0.388 251.233 0.510
201903 0.382 254.202 0.496
201906 0.381 256.143 0.491
201909 0.391 256.759 0.503
201912 0.381 256.974 0.490
202003 0.382 258.115 0.489
202006 0.385 257.797 0.493
202009 0.387 260.280 0.491
202012 0.465 260.474 0.589
202103 0.476 264.877 0.593
202106 0.486 271.696 0.591
202109 0.496 274.310 0.597
202112 0.542 278.802 0.642
202203 0.576 287.504 0.662
202206 0.652 296.311 0.727
202209 0.712 296.808 0.792
202212 2.723 296.797 3.030
202303 1.042 301.836 1.140
202306 0.984 305.109 1.065
202309 1.063 307.789 1.140
202312 4.307 306.746 4.636
202403 3.472 312.332 3.671
202406 3.651 314.175 3.837
202409 3.898 315.301 4.082
202412 5.352 315.605 5.600
202503 4.406 319.799 4.549
202506 4.636 322.561 4.746
202509 18.335 324.800 18.641
202512 17.882 324.054 18.222
202603 19.222 330.213 19.222

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 8.25 mean?
Polisan Holding AS (IST:POLHO) has a Cyclically Adjusted PB Ratio of 8.25 as of Jul. 09, 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 Polisan Holding AS and its competitors. This is 134% above median its historical median of 3.53. Over the past decade, Polisan Holding AS's Cyclically Adjusted PB Ratio has ranged from 1.60 to 15.06. According to the industry distribution chart, Polisan Holding AS ranks #1144 out of 1284 companies in the Chemicals industry, placing it in the top 89.1%.
Is Polisan Holding AS's Cyclically Adjusted PB Ratio too high?
Polisan Holding AS's current Cyclically Adjusted PB Ratio of 8.25 is 134% above median its 10-year median of 3.53. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 15.06. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.78. Polisan Holding AS's value of 8.25 is 363.5% above this industry median. Based on the distribution chart, Polisan Holding AS ranks #1144 out of 1284 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Polisan Holding AS has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polisan Holding AS's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Polisan Holding AS ranks #1144 out of 1284 companies for Cyclically Adjusted PB Ratio. This places Polisan Holding AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Polisan Holding AS's value of 8.25 is 363.5% above this benchmark. Historically, Polisan Holding AS's own Cyclically Adjusted PB Ratio has ranged from 1.60 to 15.06 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 1.78, Polisan Holding AS 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.78, based on 1,284 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. Polisan Holding AS's current Cyclically Adjusted PB Ratio of 8.25 is 363.5% 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 Polisan Holding AS and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polisan Holding AS's current Cyclically Adjusted PB Ratio is 8.25, which is 134% above median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polisan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Polisan Holding AS (IST:POLHO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺7.87, compared to a current price of ₺22.12 — trading 181.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.25, which is 134% above median its 10-year median of 3.53 and 363.5% above the Chemicals industry median of 1.78. Polisan Holding AS's overall GF Score™ is 53/100 with 6 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 Polisan Holding AS (IST:POLHO), the current Cyclically Adjusted PB Ratio is 8.25 as of Jul. 09, 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 Polisan Holding AS (IST:POLHO) Overvalued in 2026?

Based on GuruFocus' analysis, Polisan Holding AS stock appears to be overvalued. The current stock price of ₺22.12 is trading 181.1% above its estimated GF Value™ of ₺7.87. GuruFocus considers Polisan Holding AS to be Significantly Overvalued.

Key valuation signals for IST:POLHO:

  • Cyclically Adjusted PB Ratio: 8.25 (134% above median its 10-year median of 3.53)
  • GF Value™: ₺7.87 vs. price of ₺22.12 (181.1% above fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 363.5% above the Chemicals median (#1144 of 1284)

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


Polisan Holding AS Business Description

Address Dilovasi Organize Sanayi Bolgesi 1, Kisim Liman Caddesi No: 7, Kocaeli, Dilovasi, TUR
Polisan Holding AS engages in the manufacture and distribution of decorative paints, chemicals, textile goods, and rendering port and storage services. It operates through the following segments: Chemical Products, Port, Services, and Real estate. Majority of the firm's revenue gets derived from Chemical Products segment. The company offers paints, varnishes, resins, and other surface coating and insulation materials; formaldehyde, formaldehyde resins, and construction chemicals, as well as polyethylene terephthalate granules and synthetic fibers; emulsion polymers used in paint, wood, textiles, carpeting, and glue industries.
53GF Score

Get the complete analysis for IST:POLHO

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

₺22.12
Price
₺7.87
GF Value