Cyfrowy Polsat (STU:CP9) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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STU:CP9 Cyfrowy Polsat SA STU:CP9
75 GF Score
Price €3.61
GF Value €2.88
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Cyfrowy Polsat Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cyfrowy Polsat  (STU:CP9) 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.


Cyfrowy Polsat Cyclically Adjusted PB Ratio Related Terms


Cyfrowy Polsat Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cyfrowy Polsat'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.

Cyfrowy Polsat Cyclically Adjusted PB Ratio Chart

Cyfrowy Polsat 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 1.62 0.64 0.41 0.44 0.37

Cyfrowy Polsat 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 0.54 0.42 0.37 0.33 0.46

STU:CP9 vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Cyfrowy Polsat'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.


Cyfrowy Polsat Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cyfrowy Polsat's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:CP9
75GF Score
Cyfrowy Polsat SA STU:CP9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cyfrowy Polsat 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.

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

For example, Cyfrowy Polsat'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)
=6.225/162.2800*162.2800
=6.225

Current CPI (Jun. 2026) = 162.2800.

Cyfrowy Polsat Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.011 99.064 6.571
201612 4.041 100.366 6.534
201703 4.298 101.018 6.905
201706 4.335 101.180 6.953
201709 4.341 101.343 6.951
201712 4.541 102.564 7.185
201803 4.790 102.564 7.579
201806 4.813 103.378 7.555
201809 4.997 103.378 7.844
201812 5.052 103.785 7.899
201903 5.148 104.274 8.012
201906 5.125 105.983 7.847
201909 5.064 105.983 7.754
201912 5.320 107.123 8.059
202003 5.023 109.076 7.473
202006 5.257 109.402 7.798
202009 5.050 109.320 7.496
202012 4.948 109.565 7.329
202103 5.181 112.658 7.463
202106 5.182 113.960 7.379
202109 5.947 115.588 8.349
202112 5.906 119.088 8.048
202203 5.922 125.031 7.686
202206 5.959 131.705 7.342
202209 5.875 135.531 7.035
202212 6.133 139.113 7.154
202303 6.157 145.950 6.846
202306 6.494 147.009 7.169
202309 6.194 146.113 6.879
202312 6.816 147.741 7.487
202403 6.952 149.044 7.569
202406 7.023 150.997 7.548
202409 7.168 153.439 7.581
202412 7.247 154.660 7.604
202503 7.430 157.021 7.679
202506 7.378 157.509 7.601
202509 7.363 158.000 7.562
202512 6.196 158.320 6.351
202603 6.161 163.070 6.131
202606 6.225 162.280 6.225

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 Cyfrowy Polsat (STU:CP9) Overvalued in 2026?

Based on GuruFocus' analysis, Cyfrowy Polsat stock appears to be overvalued. The current stock price of €3.61 is trading 25.2% above its estimated GF Value™ of €2.88. GuruFocus considers Cyfrowy Polsat to be Modestly Overvalued.

Key valuation signals for STU:CP9:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.88 vs. price of €3.61 (25.2% above fair value)
  • GF Score™: 75/100 with 9 warning signs

No single metric tells the full story. See the STU:CP9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cyfrowy Polsat Business Description

Other Exchanges CPS:Poland
Address 4a, Lubinowa Street, Warsaw, POL, 03-878
Cyfrowy Polsat SA operates in Poland as a provider of a paid digital satellite platform under the name of Polsat Box and paid digital terrestrial television as well as the telecommunication services provider. The group operates in the following four segments that includes B2C and B2B services segment which relate to the provision of services to the general public, including digital television transmission signal, mobile services, internet access services, mobile TV services, online TV services, and set-top box production, Media segment consists mainly of production, acquisition, and broadcasting of information and entertainment programs, and TV series. Real Estate segment consists construction, sale, rental, and management of own or leased real estate and Green energy segment.
75GF Score

Get the complete analysis for STU:CP9

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

€3.61
Price
€2.88
GF Value