Apollo Capital ASI (WAR:APC) Cyclically Adjusted PB Ratio: 0.73 (As of Jul. 18, 2026) — 564% Above Median

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WAR:APC Apollo Capital ASI SA WAR:APC
31 GF Score
Price zł2.46
! 2 Warning Signs
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What is Apollo Capital ASI Cyclically Adjusted PB Ratio?

Apollo Capital ASI WAR:APC 31 Cyclically Adjusted PB Ratio is 0.73 as of Jul. 18, 2026, which is 564% above its 10-year median of 0.11. GuruFocus rates WAR:APC with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 999 Asset Management companies, Apollo Capital ASI ranks worse than 60.86% on this metric.

As of today (2026-07-18), Apollo Capital ASI's current share price is zł2.46. Apollo Capital ASI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł3.39. Apollo Capital ASI's Cyclically Adjusted PB Ratio for today is 0.73.

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

WAR:APC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.11   Max: 1.03
Current: 1.03

During the past years, Apollo Capital ASI's highest Cyclically Adjusted PB Ratio was 1.03. The lowest was 0.08. And the median was 0.11.

WAR:APC's Cyclically Adjusted PB Ratio is ranked worse than
60.86% of 999 companies
in the Asset Management industry
Industry Median: 0.85 vs WAR:APC: 1.03

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.

Apollo Capital ASI's adjusted book value per share data for the three months ended in Mar. 2026 was zł-0.079. 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 zł3.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Capital ASI  (WAR:APC) 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.


Apollo Capital ASI Cyclically Adjusted PB Ratio Related Terms


Apollo Capital ASI Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Apollo Capital ASI'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.

Apollo Capital ASI Cyclically Adjusted PB Ratio Chart

Apollo Capital ASI 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 0.23 0.14 0.11 0.15 0.34

Apollo Capital ASI 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 0.17 0.15 0.57 0.34 0.34

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

For the Asset Management subindustry, Apollo Capital ASI'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.


Apollo Capital ASI Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


WAR:APC
31GF Score
Apollo Capital ASI SA WAR:APC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Apollo Capital ASI 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.

Apollo Capital ASI's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.46/3.39
=0.73

* 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.

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

For example, Apollo Capital ASI'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)
=-0.079/163.0700*163.0700
=-0.079

Current CPI (Mar. 2026) = 163.0700.

Apollo Capital ASI Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.185 99.552 10.131
201609 4.272 99.064 7.032
201612 4.286 100.366 6.964
201703 3.224 101.018 5.204
201706 0.078 101.180 0.126
201709 2.018 101.343 3.247
201712 2.614 102.564 4.156
201803 2.015 102.564 3.204
201806 2.485 103.378 3.920
201809 5.197 103.378 8.198
201812 3.814 103.785 5.993
201903 6.139 104.274 9.601
201906 4.855 105.983 7.470
201909 4.926 105.983 7.579
201912 4.957 107.123 7.546
202003 6.035 109.076 9.022
202006 15.984 109.402 23.825
202009 12.262 109.320 18.291
202012 0.059 109.565 0.088
202103 0.052 112.658 0.075
202106 0.045 113.960 0.064
202109 0.036 115.588 0.051
202112 0.026 119.088 0.036
202203 0.015 125.031 0.020
202206 0.010 131.705 0.012
202209 -0.540 135.531 -0.650
202212 -0.494 139.113 -0.579
202303 -0.503 145.950 -0.562
202306 -0.511 147.009 -0.567
202309 -0.483 146.113 -0.539
202312 -0.478 147.741 -0.528
202403 -0.486 149.044 -0.532
202406 -0.494 150.997 -0.533
202409 -0.497 153.439 -0.528
202412 -0.510 154.660 -0.538
202503 -0.515 157.021 -0.535
202506 -0.055 157.509 -0.057
202509 -0.065 158.000 -0.067
202512 -0.073 158.320 -0.075
202603 -0.079 163.070 -0.079

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 0.73 mean?
Apollo Capital ASI (WAR:APC) has a Cyclically Adjusted PB Ratio of 0.73 as of Jul. 18, 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 Apollo Capital ASI and its competitors. This is 564% above median its historical median of 0.11. Over the past decade, Apollo Capital ASI's Cyclically Adjusted PB Ratio has ranged from 0.08 to 1.03. According to the industry distribution chart, Apollo Capital ASI ranks #608 out of 999 companies in the Asset Management industry, placing it in the top 60.9%.
Is Apollo Capital ASI's Cyclically Adjusted PB Ratio too high?
Apollo Capital ASI's current Cyclically Adjusted PB Ratio of 0.73 is 564% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.03. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Apollo Capital ASI's value of 0.73 is 14.1% below this industry median. Based on the distribution chart, Apollo Capital ASI ranks #608 out of 999 companies in the Asset Management industry, which is below the industry midpoint. Overall, Apollo Capital ASI has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Apollo Capital ASI's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Apollo Capital ASI ranks #608 out of 999 companies for Cyclically Adjusted PB Ratio. This places Apollo Capital ASI in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Apollo Capital ASI's value of 0.73 is 14.1% below this benchmark. Historically, Apollo Capital ASI's own Cyclically Adjusted PB Ratio has ranged from 0.08 to 1.03 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.85, Apollo Capital ASI 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 999 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. Apollo Capital ASI's current Cyclically Adjusted PB Ratio of 0.73 is 14.1% 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 Apollo Capital ASI and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Capital ASI's current Cyclically Adjusted PB Ratio is 0.73, which is 564% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Capital ASI stock overvalued right now?
Apollo Capital ASI (WAR:APC) has a current Cyclically Adjusted PB Ratio of 0.73. The current Cyclically Adjusted PB Ratio is 0.73, which is 564% above median its 10-year median of 0.11 and 14.1% below the Asset Management industry median of 0.85. Apollo Capital ASI's overall GF Score™ is 31/100 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 Apollo Capital ASI (WAR:APC), the current Cyclically Adjusted PB Ratio is 0.73 as of Jul. 18, 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.

Apollo Capital ASI Business Description

Address ul. Baltycka 30A/18, Grodzisk Mazowiecki, Wroclaw, POL, 05-825
Apollo Capital ASI SA is a Central and Eastern European venture fund. The company provides initial seed capital and venture funding.
31GF Score

Get the complete analysis for WAR:APC

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

zł2.46
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