Asseco Poland (WAR:ACP) Cyclically Adjusted PB Ratio: (As of Aug. 31, 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
Charlie Tian
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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.

WAR:ACP Asseco Poland SA WAR:ACP
85 GF Score
Price zł235.50
GF Value zł94.27
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Asseco Poland Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asseco Poland  (WAR:ACP) 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.


Asseco Poland Cyclically Adjusted PB Ratio Related Terms


Asseco Poland Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asseco Poland'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.

Asseco Poland Cyclically Adjusted PB Ratio Chart

Asseco Poland 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 1.13 0.82 0.79 1.01 2.37

Asseco Poland 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 2.09 2.08 2.37 1.71 0.00

WAR:ACP vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Asseco Poland'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.


Asseco Poland Cyclically Adjusted PB Ratio vs Software Industry

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

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


WAR:ACP
85GF Score
Asseco Poland SA WAR:ACP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asseco Poland 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.

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

For example, Asseco Poland'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)
=86.431/162.2800*162.2800
=86.431

Current CPI (Jun. 2026) = 162.2800.

Asseco Poland Quarterly Data

Book Value per Share CPI Adj_Book
201609 64.918 99.064 106.344
201612 66.327 100.366 107.243
201703 66.887 101.018 107.451
201706 64.337 101.180 103.188
201709 67.675 101.343 108.368
201712 67.487 102.564 106.780
201803 67.918 102.564 107.462
201806 67.165 103.378 105.434
201809 67.525 103.378 105.999
201812 68.888 103.785 107.714
201903 70.106 104.274 109.105
201906 67.575 105.983 103.470
201909 69.220 105.983 105.989
201912 69.457 107.123 105.220
202003 71.770 109.076 106.777
202006 69.460 109.402 103.033
202009 70.416 109.320 104.529
202012 72.824 109.565 107.862
202103 74.616 112.658 107.482
202106 72.204 113.960 102.819
202109 74.575 115.588 104.700
202112 75.689 119.088 103.140
202203 77.320 125.031 100.355
202206 76.372 131.705 94.101
202209 79.619 135.531 95.333
202212 78.910 139.113 92.051
202303 79.914 145.950 88.855
202306 76.255 147.009 84.177
202309 78.612 146.113 87.310
202312 77.765 147.741 85.418
202403 79.329 149.044 86.374
202406 77.406 150.997 83.190
202409 77.405 153.439 81.865
202412 80.577 154.660 84.547
202503 81.100 157.021 83.816
202506 78.827 157.509 81.215
202509 82.713 158.000 84.954
202512 92.233 158.320 94.540
202603 96.720 163.070 96.251
202606 86.431 162.280 86.431

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 Asseco Poland (WAR:ACP) Overvalued in 2026?

Based on GuruFocus' analysis, Asseco Poland stock appears to be overvalued. The current stock price of zł235.50 is trading 149.8% above its estimated GF Value™ of zł94.27. GuruFocus considers Asseco Poland to be Significantly Overvalued.

Key valuation signals for WAR:ACP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł94.27 vs. price of zł235.50 (149.8% above fair value)
  • GF Score™: 85/100 with 5 warning signs

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


Asseco Poland Business Description

Address 14 Olchowa Street, Rzeszow, POL, 35-322
Asseco Poland SA is a Poland-based information technology (IT) company, which is engaged in the development of software for companies from different sectors of the economy. It also provides enterprise resource planning solutions and services to micro, small, and mid-sized companies, as well as large enterprises, and business intelligence software and services. The company's operating segments include the Asseco Poland segment, the Asseco International segment, and the Formula Systems segment. It generates the majority of its revenue from the Formula Systems segment.
85GF Score

Get the complete analysis for WAR:ACP

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

zł235.50
Price
zł94.27
GF Value