Advertigo (WAR:AVE) Cyclically Adjusted PB Ratio: 0.51 (As of Aug. 20, 2026) — 82% Below Median

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WAR:AVE Advertigo SA WAR:AVE
26 GF Score
Price zł0.24
! 3 Warning Signs
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What is Advertigo Cyclically Adjusted PB Ratio?

Advertigo WAR:AVE 26 Cyclically Adjusted PB Ratio is 0.51 as of Aug. 20, 2026, which is 82% below its 10-year median of 2.77. GuruFocus rates WAR:AVE with a GF Score™ of 26/100. The stock has 3 warning signs investors should review. Among 683 Media - Diversified companies, Advertigo ranks better than 72.04% on this metric.

As of today (2026-08-20), Advertigo's current share price is zł0.236. Advertigo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.46. Advertigo's Cyclically Adjusted PB Ratio for today is 0.51.

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

WAR:AVE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 2.77   Max: 14.18
Current: 0.51

During the past years, Advertigo's highest Cyclically Adjusted PB Ratio was 14.18. The lowest was 0.51. And the median was 2.77.

WAR:AVE's Cyclically Adjusted PB Ratio is ranked better than
72.04% of 683 companies
in the Media - Diversified industry
Industry Median: 1 vs WAR:AVE: 0.51

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.

Advertigo's adjusted book value per share data for the three months ended in Mar. 2026 was zł-0.003. 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 zł0.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advertigo  (WAR:AVE) 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.


Advertigo Cyclically Adjusted PB Ratio Related Terms


Advertigo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Advertigo'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.

Advertigo Cyclically Adjusted PB Ratio Chart

Advertigo Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.17 2.84 2.51 0.78 0.43

Advertigo 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 0.47 0.51 0.00 0.56 0.41

WAR:AVE vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Advertigo'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.


Advertigo Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


WAR:AVE
26GF Score
Advertigo SA WAR:AVE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Advertigo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.236/0.46
=0.51

* 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.

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

For example, Advertigo'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)
=-0.003/163.0700*163.0700
=-0.003

Current CPI (Mar. 2026) = 163.0700.

Advertigo Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.099 99.552 0.162
201609 0.096 99.064 0.158
201612 0.089 100.366 0.145
201703 0.085 101.018 0.137
201706 0.080 101.180 0.129
201709 0.076 101.343 0.122
201712 0.079 102.564 0.126
201803 0.076 102.564 0.121
201806 0.072 103.378 0.114
201809 0.071 103.378 0.112
201812 0.074 103.785 0.116
201903 0.079 104.274 0.124
201906 0.073 105.983 0.112
201909 0.073 105.983 0.112
201912 0.076 107.123 0.116
202003 0.086 109.076 0.129
202006 0.133 109.402 0.198
202009 0.121 109.320 0.180
202012 0.116 109.565 0.173
202103 0.117 112.658 0.169
202106 0.117 113.960 0.167
202109 0.117 115.588 0.165
202112 0.117 119.088 0.160
202203 0.116 125.031 0.151
202206 0.115 131.705 0.142
202209 0.117 135.531 0.141
202212 0.116 139.113 0.136
202303 11.653 145.950 13.020
202306 0.116 147.009 0.129
202309 0.116 146.113 0.129
202312 0.115 147.741 0.127
202403 0.115 149.044 0.126
202406 0.128 150.997 0.138
202409 0.126 153.439 0.134
202412 0.125 154.660 0.132
202503 0.124 157.021 0.129
202506 0.001 157.509 0.001
202509 0.000 158.000 0.000
202512 -0.002 158.320 -0.002
202603 -0.003 163.070 -0.003

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 0.51 mean?
Advertigo (WAR:AVE) has a Cyclically Adjusted PB Ratio of 0.51 as of Aug. 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 Advertigo and its competitors. This is 82% below median its historical median of 2.77. Over the past decade, Advertigo's Cyclically Adjusted PB Ratio has ranged from 0.51 to 14.18. According to the industry distribution chart, Advertigo ranks #191 out of 683 companies in the Media - Diversified industry, placing it in the top 28%.
Is Advertigo's Cyclically Adjusted PB Ratio too high?
Advertigo's current Cyclically Adjusted PB Ratio of 0.51 is 82% below median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 14.18. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.00. Advertigo's value of 0.51 is 49% below this industry median. Based on the distribution chart, Advertigo ranks #191 out of 683 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Advertigo has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Advertigo's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Advertigo ranks #191 out of 683 companies for Cyclically Adjusted PB Ratio. This puts Advertigo in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Advertigo's value of 0.51 is 49% below this benchmark. Historically, Advertigo's own Cyclically Adjusted PB Ratio has ranged from 0.51 to 14.18 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 1.00, Advertigo 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 a Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.00, based on 683 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. Advertigo's current Cyclically Adjusted PB Ratio of 0.51 is 49% 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 Advertigo and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advertigo's current Cyclically Adjusted PB Ratio is 0.51, which is 82% below median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advertigo stock overvalued right now?
Advertigo (WAR:AVE) has a current Cyclically Adjusted PB Ratio of 0.51. The current Cyclically Adjusted PB Ratio is 0.51, which is 82% below median its 10-year median of 2.77 and 49% below the Media - Diversified industry median of 1.00. Advertigo's overall GF Score™ is 26/100 with 3 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 Advertigo (WAR:AVE), the current Cyclically Adjusted PB Ratio is 0.51 as of Aug. 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.

Advertigo Business Description

Address Grzegorzecka 67d/26, Krakow, POL, 31-559
Advertigo SA is a media company. The company operates through the press and the internet. It publishes monthly music collection, newspaper, and magazine, namely, PSX Extreme, Rock Now, Now Rock Collection, PPE.pl, PSSite.com, nowrock.pl, and ps3forum.pl.
26GF Score

Get the complete analysis for WAR:AVE

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

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