Polwax (STU:1LW) Cyclically Adjusted PB Ratio: 0.27 (As of Aug. 20, 2026) — Near Median

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STU:1LW Polwax SA STU:1LW
30 GF Score
Price €0.18
GF Value €0.09
! 8 Warning Signs
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What is Polwax Cyclically Adjusted PB Ratio?

Polwax STU:1LW 30 Cyclically Adjusted PB Ratio is 0.27 as of Aug. 20, 2026, which is 7% below its 10-year median of 0.29. GuruFocus rates STU:1LW with a GF Score™ of 30/100 and a GF Value™ of €0.09. The stock has 8 warning signs investors should review. Among 1,175 Chemicals companies, Polwax ranks better than 96.85% on this metric.

As of today (2026-08-20), Polwax's current share price is €0.181. Polwax's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.68. Polwax's Cyclically Adjusted PB Ratio for today is 0.27.

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

STU:1LW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.29   Max: 0.48
Current: 0.21

During the past years, Polwax's highest Cyclically Adjusted PB Ratio was 0.48. The lowest was 0.20. And the median was 0.29.

STU:1LW's Cyclically Adjusted PB Ratio is ranked better than
96.85% of 1175 companies
in the Chemicals industry
Industry Median: 1.67 vs STU:1LW: 0.21

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.

Polwax's adjusted book value per share data for the three months ended in Mar. 2026 was €0.168. 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 €0.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polwax  (STU:1LW) 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.


Polwax Cyclically Adjusted PB Ratio Related Terms


Polwax Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Polwax'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.

Polwax Cyclically Adjusted PB Ratio Chart

Polwax 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 0.00 0.00 0.38 0.27 0.25

Polwax Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 0.27 0.27 0.28 0.25 0.23

STU:1LW vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Polwax'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.


Polwax Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


STU:1LW
30GF Score
Polwax SA STU:1LW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polwax 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.181/0.68
=0.27

* 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.

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

For example, Polwax'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)
=0.168/163.0700*163.0700
=0.168

Current CPI (Mar. 2026) = 163.0700.

Polwax Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.837 98.983 1.379
201606 0.753 99.552 1.233
201609 0.839 99.064 1.381
201612 0.888 100.366 1.443
201703 0.922 101.018 1.488
201706 0.945 101.180 1.523
201709 1.027 101.343 1.653
201712 1.053 102.564 1.674
201803 0.000 102.564 0.000
201806 1.091 103.378 1.721
201809 1.185 103.378 1.869
201812 1.230 103.785 1.933
201903 1.205 104.274 1.884
201906 1.280 105.983 1.969
201909 0.000 105.983 0.000
201912 1.526 107.123 2.323
202003 1.501 109.076 2.244
202006 1.372 109.402 2.045
202009 1.465 109.320 2.185
202012 0.681 109.565 1.014
202103 0.664 112.658 0.961
202106 0.655 113.960 0.937
202109 0.680 115.588 0.959
202112 0.718 119.088 0.983
202203 0.705 125.031 0.919
202206 0.703 131.705 0.870
202209 0.783 135.531 0.942
202212 0.763 139.113 0.894
202303 0.729 145.950 0.815
202306 0.000 147.009 0.000
202309 0.648 146.113 0.723
202312 0.416 147.741 0.459
202403 0.378 149.044 0.414
202406 0.249 150.997 0.269
202409 0.477 153.439 0.507
202412 0.239 154.660 0.252
202503 0.224 157.021 0.233
202506 0.225 157.509 0.233
202512 0.193 158.320 0.199
202603 0.168 163.070 0.168

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 0.27 mean?
Polwax (STU:1LW) has a Cyclically Adjusted PB Ratio of 0.27 as of Aug. 20, 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 Polwax and its competitors. This is near median its historical median of 0.29. Over the past decade, Polwax's Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.48. According to the industry distribution chart, Polwax ranks #37 out of 1175 companies in the Chemicals industry, placing it in the top 3.1%.
Is Polwax's Cyclically Adjusted PB Ratio too high?
Polwax's current Cyclically Adjusted PB Ratio of 0.27 is near median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.48. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Polwax's value of 0.27 is 83.8% below this industry median. Based on the distribution chart, Polwax ranks #37 out of 1175 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Polwax has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Polwax's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Polwax ranks #37 out of 1175 companies for Cyclically Adjusted PB Ratio. This places Polwax in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.67. Polwax's value of 0.27 is 83.8% below this benchmark. Historically, Polwax's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.48 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.67, Polwax 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,175 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. Polwax's current Cyclically Adjusted PB Ratio of 0.27 is 83.8% 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 Polwax and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polwax's current Cyclically Adjusted PB Ratio is 0.27, which is near median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polwax stock overvalued right now?
Polwax (STU:1LW) has a current Cyclically Adjusted PB Ratio of 0.27. The stock's GF Value™ is €0.09, compared to a current price of €0.18 — trading 101.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.27, which is near median its 10-year median of 0.29 and 83.8% below the Chemicals industry median of 1.67. Polwax's overall GF Score™ is 30/100 with 8 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 Polwax (STU:1LW), the current Cyclically Adjusted PB Ratio is 0.27 as of Aug. 20, 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 Polwax (STU:1LW) Overvalued in 2026?

Based on GuruFocus' analysis, Polwax stock appears to be overvalued. The current stock price of €0.18 is trading 101.1% above its estimated GF Value™ of €0.09.

Key valuation signals for STU:1LW:

  • Cyclically Adjusted PB Ratio: 0.27 (near median its 10-year median of 0.29)
  • GF Value™: €0.09 vs. price of €0.18 (101.1% above fair value)
  • GF Score™: 30/100 with 8 warning signs
  • Industry Position: 83.8% below the Chemicals median (#37 of 1175)

No single metric tells the full story. See the STU:1LW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Polwax Business Description

Other Exchanges PWX:Poland
Address 3 go Maja 101, Jaslo, POL, 38-200
Polwax SA is a producer and distributor of refined and deodorized paraffin, waxes and specialty industrial paraffin compositions. The company's products are used in various industries such as fertilizer industry, investment casting, wood processing, rubber industry, paper and packaging industry, production of construction materials, manufacture of explosives, manufacture of candles and grave lights and food industry.
30GF Score

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

€0.18
Price
€0.09
GF Value