Black Point (WAR:BPN) Cyclically Adjusted PB Ratio: 0.15 (As of Aug. 20, 2026) — 64% Below Median

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WAR:BPN Black Point SA WAR:BPN
40 GF Score
Price zł0.28
GF Value zł0.52
Valuation Possible Value Trap
! 3 Warning Signs
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What is Black Point Cyclically Adjusted PB Ratio?

Black Point WAR:BPN 40 Cyclically Adjusted PB Ratio is 0.15 as of Aug. 20, 2026, which is 64% below its 10-year median of 0.42. GuruFocus rates WAR:BPN with a GF Score™ of 40/100 and a GF Value™ of zł0.52 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,175 Chemicals companies, Black Point ranks better than 97.7% on this metric.

As of today (2026-08-20), Black Point's current share price is zł0.282. Black Point's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł1.89. Black Point's Cyclically Adjusted PB Ratio for today is 0.15.

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

WAR:BPN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.42   Max: 0.81
Current: 0.15

During the past years, Black Point's highest Cyclically Adjusted PB Ratio was 0.81. The lowest was 0.15. And the median was 0.42.

WAR:BPN's Cyclically Adjusted PB Ratio is ranked better than
97.7% of 1175 companies
in the Chemicals industry
Industry Median: 1.67 vs WAR:BPN: 0.15

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.

Black Point's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.723. 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 zł1.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Black Point  (WAR:BPN) 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.


Black Point Cyclically Adjusted PB Ratio Related Terms


Black Point Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Black Point'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.

Black Point Cyclically Adjusted PB Ratio Chart

Black Point 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 0.56 0.51 0.42 0.29 0.17

Black Point 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 0.16 0.19 0.19 0.17 0.19

WAR:BPN vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Black Point'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.


Black Point Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Black Point's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:BPN
40GF Score
Black Point SA WAR:BPN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Point 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.

Black Point's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.282/1.89
=0.15

* 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.

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

For example, Black Point'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)
=0.723/163.0700*163.0700
=0.723

Current CPI (Mar. 2026) = 163.0700.

Black Point Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.905 99.552 3.120
201609 1.845 99.064 3.037
201612 1.772 100.366 2.879
201703 1.720 101.018 2.777
201706 1.687 101.180 2.719
201709 1.637 101.343 2.634
201712 1.453 102.564 2.310
201803 1.496 102.564 2.379
201806 1.545 103.378 2.437
201809 1.578 103.378 2.489
201812 1.588 103.785 2.495
201903 1.650 104.274 2.580
201906 1.673 105.983 2.574
201909 1.507 105.983 2.319
201912 1.505 107.123 2.291
202003 1.574 109.076 2.353
202006 1.597 109.402 2.380
202009 1.623 109.320 2.421
202012 1.681 109.565 2.502
202103 1.731 112.658 2.506
202106 1.782 113.960 2.550
202109 1.802 115.588 2.542
202112 1.526 119.088 2.090
202203 0.215 125.031 0.280
202206 1.634 131.705 2.023
202209 1.561 135.531 1.878
202212 0.847 139.113 0.993
202303 0.854 145.950 0.954
202306 0.000 147.009 0.000
202309 0.858 146.113 0.958
202312 0.876 147.741 0.967
202403 0.887 149.044 0.970
202406 0.899 150.997 0.971
202409 0.880 153.439 0.935
202412 0.783 154.660 0.826
202503 0.739 157.021 0.767
202506 0.722 157.509 0.747
202509 0.709 158.000 0.732
202512 0.725 158.320 0.747
202603 0.723 163.070 0.723

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 0.15 mean?
Black Point (WAR:BPN) has a Cyclically Adjusted PB Ratio of 0.15 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 Black Point and its competitors. This is 64% below median its historical median of 0.42. Over the past decade, Black Point's Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.81. According to the industry distribution chart, Black Point ranks #27 out of 1175 companies in the Chemicals industry, placing it in the top 2.3%.
Is Black Point's Cyclically Adjusted PB Ratio too high?
Black Point's current Cyclically Adjusted PB Ratio of 0.15 is 64% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.81. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Black Point's value of 0.15 is 91% below this industry median. Based on the distribution chart, Black Point ranks #27 out of 1175 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Black Point has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Black Point's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Black Point ranks #27 out of 1175 companies for Cyclically Adjusted PB Ratio. This places Black Point in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.67. Black Point's value of 0.15 is 91% below this benchmark. Historically, Black Point's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.81 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 1.67, Black Point 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,175 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. Black Point's current Cyclically Adjusted PB Ratio of 0.15 is 91% 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 Black Point and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Point's current Cyclically Adjusted PB Ratio is 0.15, which is 64% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Point stock overvalued right now?
Based on GuruFocus' analysis, Black Point (WAR:BPN) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.52, compared to a current price of zł0.28 — trading 45.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.15, which is 64% below median its 10-year median of 0.42 and 91% below the Chemicals industry median of 1.67. Black Point's overall GF Score™ is 40/100 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 Black Point (WAR:BPN), the current Cyclically Adjusted PB Ratio is 0.15 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.

Is Black Point (WAR:BPN) Overvalued in 2026?

Based on GuruFocus' analysis, Black Point stock appears to be undervalued. The current stock price of zł0.28 is trading 45.8% below its estimated GF Value™ of zł0.52. GuruFocus considers Black Point to be Possible Value Trap.

Key valuation signals for WAR:BPN:

  • Cyclically Adjusted PB Ratio: 0.15 (64% below median its 10-year median of 0.42)
  • GF Value™: zł0.52 vs. price of zł0.28 (45.8% below fair value)
  • GF Score™: 40/100 with 3 warning signs
  • Industry Position: 91% below the Chemicals median (#27 of 1175)

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


Black Point Business Description

Address Ulica Atramentowa 5, Bielany Wroclawskie, Kobierzyce, POL, 55-040
Black Point SA is a domestic manufacturer of toners and inks. The company also distributes stationery consumables such as tapes for dot matrix printers and thermal transfer rolls for fax machines.
40GF Score

Get the complete analysis for WAR:BPN

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

zł0.28
Price
zł0.52
GF Value