Apator (WAR:APT) Cyclically Adjusted PB Ratio: 1.27 (As of Jul. 20, 2026) — Near Median

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WAR:APT Apator SA WAR:APT
87 GF Score
Price zł28.00
GF Value zł19.90
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Apator Cyclically Adjusted PB Ratio?

Apator WAR:APT -0.36% 87 Cyclically Adjusted PB Ratio is 1.27 as of Jul. 20, 2026, which is 6% above its 10-year median of 1.20. GuruFocus rates WAR:APT with a GF Score™ of 87/100 and a GF Value™ of zł19.90 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,286 Industrial Products companies, Apator ranks better than 67.54% on this metric.

As of today (2026-07-20), Apator's current share price is zł28.00. Apator's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł22.01. Apator's Cyclically Adjusted PB Ratio for today is 1.27.

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

WAR:APT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.2   Max: 2.71
Current: 1.27

During the past years, Apator's highest Cyclically Adjusted PB Ratio was 2.71. The lowest was 0.74. And the median was 1.20.

WAR:APT's Cyclically Adjusted PB Ratio is ranked better than
67.54% of 2286 companies
in the Industrial Products industry
Industry Median: 2.115 vs WAR:APT: 1.27

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.

Apator's adjusted book value per share data for the three months ended in Mar. 2026 was zł23.124. 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 zł22.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apator  (WAR:APT) 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.


Apator Cyclically Adjusted PB Ratio Related Terms


Apator Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Apator'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.

Apator Cyclically Adjusted PB Ratio Chart

Apator 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 1.36 0.78 0.81 0.81 1.09

Apator 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 0.86 0.95 1.17 1.09 1.01

WAR:APT vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Apator'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.


Apator Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Apator's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:APT
87GF Score
Apator SA WAR:APT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apator 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.00/22.01
=1.27

* 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.

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

For example, Apator'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)
=23.124/163.0700*163.0700
=23.124

Current CPI (Mar. 2026) = 163.0700.

Apator Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.728 99.552 20.849
201609 12.983 99.064 21.371
201612 13.272 100.366 21.564
201703 13.956 101.018 22.529
201706 13.586 101.180 21.896
201709 14.084 101.343 22.662
201712 13.622 102.564 21.658
201803 14.063 102.564 22.359
201806 13.858 103.378 21.860
201809 14.257 103.378 22.489
201812 14.320 103.785 22.500
201903 14.782 104.274 23.117
201906 14.435 105.983 22.210
201909 14.843 105.983 22.838
201912 14.907 107.123 22.693
202003 15.182 109.076 22.697
202006 15.637 109.402 23.308
202009 15.507 109.320 23.131
202012 15.555 109.565 23.151
202103 16.854 112.658 24.396
202106 16.558 113.960 23.693
202109 16.691 115.588 23.547
202112 16.696 119.088 22.862
202203 16.142 125.031 21.053
202206 16.152 131.705 19.998
202209 15.963 135.531 19.207
202212 18.499 139.113 21.685
202303 18.891 145.950 21.107
202306 18.718 147.009 20.763
202309 19.105 146.113 21.322
202312 18.486 147.741 20.404
202403 18.863 149.044 20.638
202406 19.470 150.997 21.027
202409 20.046 153.439 21.304
202412 20.322 154.660 21.427
202503 20.707 157.021 21.505
202506 20.646 157.509 21.375
202509 21.463 158.000 22.152
202512 22.385 158.320 23.057
202603 23.124 163.070 23.124

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 1.27 mean?
Apator (WAR:APT) has a Cyclically Adjusted PB Ratio of 1.27 as of Jul. 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 Apator and its competitors. This is near median its historical median of 1.20. Over the past decade, Apator's Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.71. According to the industry distribution chart, Apator ranks #742 out of 2286 companies in the Industrial Products industry, placing it in the top 32.5%.
Is Apator's Cyclically Adjusted PB Ratio too high?
Apator's current Cyclically Adjusted PB Ratio of 1.27 is near median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.71. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Apator's value of 1.27 is 40% below this industry median. Based on the distribution chart, Apator ranks #742 out of 2286 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Apator has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apator's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Apator ranks #742 out of 2286 companies for Cyclically Adjusted PB Ratio. This puts Apator in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Apator's value of 1.27 is 40% below this benchmark. Historically, Apator's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.71 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 2.12, Apator 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,286 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. Apator's current Cyclically Adjusted PB Ratio of 1.27 is 40% 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 Apator and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apator's current Cyclically Adjusted PB Ratio is 1.27, which is near median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apator stock overvalued right now?
Based on GuruFocus' analysis, Apator (WAR:APT) is currently considered Significantly Overvalued. The stock's GF Value™ is zł19.90, compared to a current price of zł28.00 — trading 40.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.27, which is near median its 10-year median of 1.20 and 40% below the Industrial Products industry median of 2.12. Apator's overall GF Score™ is 87/100 with 7 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 Apator (WAR:APT), the current Cyclically Adjusted PB Ratio is 1.27 as of Jul. 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 Apator (WAR:APT) Overvalued in 2026?

Based on GuruFocus' analysis, Apator stock appears to be overvalued. The current stock price of zł28.00 is trading 40.7% above its estimated GF Value™ of zł19.90. GuruFocus considers Apator to be Significantly Overvalued.

Key valuation signals for WAR:APT:

  • Cyclically Adjusted PB Ratio: 1.27 (near median its 10-year median of 1.20)
  • GF Value™: zł19.90 vs. price of zł28.00 (40.7% above fair value)
  • GF Score™: 87/100 with 7 warning signs
  • Industry Position: 40% below the Industrial Products median (#742 of 2286)

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


Apator Business Description

Other Exchanges 8QM:Germany
Address ul. Gdańska 4a, lok C4, Torun, POL, 87-100
Apator SA manufactures and sells metering and switchgear equipment in Poland and internationally. Its products include electricity meters, such as smart, electronic, prepayment, and induction meters, as well as smart grid systems comprising remote data read out and prepayment systems; and water meters, heat meters and volume parts for heat meters, heating cost allocators, remote reading systems, installation fittings, test and measurement products, and other products.
87GF Score

Get the complete analysis for WAR:APT

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

zł28.00
Price
zł19.90
GF Value