Jastrzebska Spolka Weglowa (LTS:0Q45) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.
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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.

LTS:0Q45 Jastrzebska Spolka Weglowa SA LTS:0Q45
68 GF Score
Price zł96.79
GF Value zł57.99
! 9 Warning Signs
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What is Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jastrzebska Spolka Weglowa  (LTS:0Q45) 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.


Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Related Terms


Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jastrzebska Spolka Weglowa'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.

Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Chart

Jastrzebska Spolka Weglowa 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 1.39 1.14 1.03 1.00 1.00

Jastrzebska Spolka Weglowa 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 0.97 0.97 0.98 0.98 0.96

Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, Jastrzebska Spolka Weglowa'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.


Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Jastrzebska Spolka Weglowa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0Q45
68GF Score
Jastrzebska Spolka Weglowa SA LTS:0Q45
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jastrzebska Spolka Weglowa 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.

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

For example, Jastrzebska Spolka Weglowa'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)
=24.24/163.0700*163.0700
=24.240

Current CPI (Mar. 2026) = 163.0700.

Jastrzebska Spolka Weglowa Quarterly Data

Book Value per Share CPI Adj_Book
201606 32.210 99.552 52.761
201609 30.856 99.064 50.792
201612 34.664 100.366 56.320
201703 42.162 101.018 68.061
201706 46.989 101.180 75.731
201709 49.963 101.343 80.395
201712 56.396 102.564 89.666
201803 63.826 102.564 101.479
201806 66.519 103.378 104.928
201809 69.622 103.378 109.823
201812 71.930 103.785 113.018
201903 75.388 104.274 117.897
201906 76.679 105.983 117.982
201909 76.221 105.983 117.277
201912 75.389 107.123 114.763
202003 73.178 109.076 109.402
202006 66.926 109.402 99.757
202009 66.022 109.320 98.483
202012 62.320 109.565 92.754
202103 60.664 112.658 87.810
202106 59.405 113.960 85.005
202109 61.534 115.588 86.811
202112 70.673 119.088 96.774
202203 86.417 125.031 112.709
202206 106.855 131.705 132.302
202209 124.792 135.531 150.149
202212 136.658 139.113 160.193
202303 147.518 145.950 164.822
202306 153.850 147.009 170.659
202309 143.290 146.113 159.919
202312 144.549 147.741 159.547
202403 144.469 149.044 158.065
202406 93.145 150.997 100.592
202409 90.691 153.439 96.383
202412 83.014 154.660 87.528
202503 71.666 157.021 74.427
202506 65.456 157.509 67.767
202509 58.597 158.000 60.477
202512 29.612 158.320 30.500
202603 24.240 163.070 24.240

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 Jastrzebska Spolka Weglowa (LTS:0Q45) Overvalued in 2026?

Based on GuruFocus' analysis, Jastrzebska Spolka Weglowa stock appears to be overvalued. The current stock price of zł96.79 is trading 66.9% above its estimated GF Value™ of zł57.99.

Key valuation signals for LTS:0Q45:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł57.99 vs. price of zł96.79 (66.9% above fair value)
  • GF Score™: 68/100 with 9 warning signs

No single metric tells the full story. See the LTS:0Q45 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jastrzebska Spolka Weglowa Business Description

Other Exchanges JSW:PolandJ2S:Germany
Address Al. Jana Pawła II 4, Jastrzebie Zdroj, POL, 44-330
Jastrzebska Spolka Weglowa SA is a coal producer based in Poland and one of the European Union's producers. The company predominantly produces hard coking coal which is an essential component in the production of steel, and in its coking plants, the company processes approximately half of the coking coal it produces. Additionally, the company is engaged in natural gas mining and generation, transmission and distribution of electricity. The company's products are sold domestically as well as to Germany, Austria, the Czech Republic, Slovakia, Romania and Hungary.
68GF Score

Get the complete analysis for LTS:0Q45

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

zł96.79
Price
zł57.99
GF Value