Analizy Online (WAR:AOL) Cyclically Adjusted PB Ratio: 5.88 (As of Aug. 01, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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.

WAR:AOL Analizy Online SA WAR:AOL
84 GF Score
Price zł27.00
GF Value zł24.75
Valuation Fairly Valued
! 2 Warning Signs
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What is Analizy Online Cyclically Adjusted PB Ratio?

Analizy Online WAR:AOL 84 Cyclically Adjusted PB Ratio is 5.88 as of Aug. 01, 2026, which is 1% above its 10-year median of 5.80. GuruFocus rates WAR:AOL with a GF Score™ of 84/100 and a GF Value™ of zł24.75 (Fairly Valued). The stock has 2 warning signs investors should review. Among 998 Asset Management companies, Analizy Online ranks worse than 94.39% on this metric.

As of today (2026-08-01), Analizy Online's current share price is zł27.00. Analizy Online's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł4.59. Analizy Online's Cyclically Adjusted PB Ratio for today is 5.88.

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

WAR:AOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.38   Med: 5.8   Max: 15.53
Current: 5.79

During the past years, Analizy Online's highest Cyclically Adjusted PB Ratio was 15.53. The lowest was 3.38. And the median was 5.80.

WAR:AOL's Cyclically Adjusted PB Ratio is ranked worse than
94.39% of 998 companies
in the Asset Management industry
Industry Median: 0.84 vs WAR:AOL: 5.79

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.

Analizy Online's adjusted book value per share data for the three months ended in Mar. 2026 was zł4.792. 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 zł4.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Analizy Online  (WAR:AOL) 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.


Analizy Online Cyclically Adjusted PB Ratio Related Terms


Analizy Online Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Analizy Online'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.

Analizy Online Cyclically Adjusted PB Ratio Chart

Analizy Online 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 9.28 3.70 3.90 4.20 5.34

Analizy Online 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 5.19 5.09 5.31 5.34 5.44

WAR:AOL vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Analizy Online'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.


Analizy Online Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Analizy Online's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:AOL
84GF Score
Analizy Online SA WAR:AOL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Analizy Online 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.

Analizy Online's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.00/4.59
=5.88

* 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.

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

For example, Analizy Online'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)
=4.792/163.0700*163.0700
=4.792

Current CPI (Mar. 2026) = 163.0700.

Analizy Online Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.098 99.552 5.075
201609 3.281 99.064 5.401
201612 3.456 100.366 5.615
201703 3.844 101.018 6.205
201706 3.209 101.180 5.172
201709 3.443 101.343 5.540
201712 3.600 102.564 5.724
201803 3.481 102.564 5.535
201806 3.590 103.378 5.663
201809 3.663 103.378 5.778
201812 3.556 103.785 5.587
201903 3.675 104.274 5.747
201906 3.663 105.983 5.636
201909 3.739 105.983 5.753
201912 3.348 107.123 5.097
202003 3.128 109.076 4.676
202006 3.064 109.402 4.567
202009 3.206 109.320 4.782
202012 3.372 109.565 5.019
202103 3.364 112.658 4.869
202106 3.639 113.960 5.207
202109 2.847 115.588 4.017
202112 3.008 119.088 4.119
202203 3.127 125.031 4.078
202206 2.622 131.705 3.246
202209 2.826 135.531 3.400
202212 3.159 139.113 3.703
202303 3.447 145.950 3.851
202306 2.740 147.009 3.039
202309 2.993 146.113 3.340
202312 3.292 147.741 3.634
202403 3.789 149.044 4.146
202406 2.844 150.997 3.071
202409 3.280 153.439 3.486
202412 3.834 154.660 4.042
202503 4.211 157.021 4.373
202506 2.881 157.509 2.983
202509 3.400 158.000 3.509
202512 4.061 158.320 4.183
202603 4.792 163.070 4.792

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 5.88 mean?
Analizy Online (WAR:AOL) has a Cyclically Adjusted PB Ratio of 5.88 as of Aug. 01, 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 Analizy Online and its competitors. This is near median its historical median of 5.80. Over the past decade, Analizy Online's Cyclically Adjusted PB Ratio has ranged from 3.38 to 15.53. According to the industry distribution chart, Analizy Online ranks #942 out of 998 companies in the Asset Management industry, placing it in the top 94.4%.
Is Analizy Online's Cyclically Adjusted PB Ratio too high?
Analizy Online's current Cyclically Adjusted PB Ratio of 5.88 is near median its 10-year median of 5.80. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 15.53. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Analizy Online's value of 5.88 is 600% above this industry median. Based on the distribution chart, Analizy Online ranks #942 out of 998 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Analizy Online has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Analizy Online's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Analizy Online ranks #942 out of 998 companies for Cyclically Adjusted PB Ratio. This places Analizy Online in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Analizy Online's value of 5.88 is 600% above this benchmark. Historically, Analizy Online's own Cyclically Adjusted PB Ratio has ranged from 3.38 to 15.53 over the past decade. While the company's 10-year median is 5.80 vs. the industry median of 0.84, Analizy Online 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 998 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. Analizy Online's current Cyclically Adjusted PB Ratio of 5.88 is 600% 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 Analizy Online and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Analizy Online's current Cyclically Adjusted PB Ratio is 5.88, which is near median its own 10-year median of 5.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analizy Online stock overvalued right now?
Based on GuruFocus' analysis, Analizy Online (WAR:AOL) is currently considered Fairly Valued. The stock's GF Value™ is zł24.75, compared to a current price of zł27.00 — trading 9.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.88, which is near median its 10-year median of 5.80 and 600% above the Asset Management industry median of 0.84. Analizy Online's overall GF Score™ is 84/100 with 2 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 Analizy Online (WAR:AOL), the current Cyclically Adjusted PB Ratio is 5.88 as of Aug. 01, 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 Analizy Online (WAR:AOL) Overvalued in 2026?

Based on GuruFocus' analysis, Analizy Online stock appears to be overvalued. The current stock price of zł27.00 is trading 9.1% above its estimated GF Value™ of zł24.75. GuruFocus considers Analizy Online to be Fairly Valued.

Key valuation signals for WAR:AOL:

  • Cyclically Adjusted PB Ratio: 5.88 (near median its 10-year median of 5.80)
  • GF Value™: zł24.75 vs. price of zł27.00 (9.1% above fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 600% above the Asset Management median (#942 of 998)

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


Analizy Online Business Description

Address ul. Skierniewicka 10A, Warsaw, POL, 01-230
Analizy Online SA is a Poland-based company that operates as a specialized, independent analytical firm that continuously monitors and thoroughly analyzes the situation in specific areas of the capital market. The company's core business is creating and providing information services and data for capital market institutions and related entities. It also develops software, including solutions that meet regulatory requirements, support or complement the sale of financial products, and enable monitoring and detailed analysis of numerous areas of the collective investment market.
84GF Score

Get the complete analysis for WAR:AOL

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

zł27.00
Price
zł24.75
GF Value