Coal Energy (WAR:CLE) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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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:CLE Coal Energy SA WAR:CLE
43 GF Score
Price zł1.88
GF Value zł2.54
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Coal Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Coal Energy  (WAR:CLE) 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.


Coal Energy Cyclically Adjusted PB Ratio Related Terms


Coal Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coal Energy'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.

Coal Energy Cyclically Adjusted PB Ratio Chart

Coal Energy Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.16 0.00 0.00 0.00 0.00

Coal Energy 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 0.00 0.00 0.00 0.00 0.00

Coal Energy Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, Coal Energy'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.


Coal Energy Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Coal Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:CLE
43GF Score
Coal Energy SA WAR:CLE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Coal Energy 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.

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

For example, Coal Energy'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)
=-0.267/127.1600*127.1600
=-0.267

Current CPI (Mar. 2026) = 127.1600.

Coal Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 -3.466 100.660 -4.378
201609 -3.684 100.750 -4.650
201612 -3.940 101.040 -4.959
201703 -4.117 101.780 -5.144
201706 -4.195 102.170 -5.221
201709 -4.457 102.520 -5.528
201712 -4.822 102.410 -5.987
201803 -4.838 102.900 -5.979
201806 -5.033 103.650 -6.175
201809 -5.449 104.580 -6.626
201812 -5.560 104.320 -6.777
201903 -5.642 105.140 -6.824
201906 -5.967 105.550 -7.189
201909 -5.985 105.900 -7.187
201912 -2.986 106.080 -3.579
202003 -3.884 106.040 -4.658
202006 -3.318 106.340 -3.968
202009 -3.758 106.620 -4.482
202012 0.566 106.670 0.675
202103 0.435 108.140 0.512
202106 0.308 108.680 0.360
202109 0.321 109.470 0.373
202112 0.269 111.090 0.308
202203 0.233 114.780 0.258
202206 0.214 116.750 0.233
202209 0.039 117.000 0.042
202212 -0.067 117.060 -0.073
202303 -0.074 118.910 -0.079
202306 -1.020 120.460 -1.077
202309 -0.143 121.740 -0.149
202312 -0.989 121.170 -1.038
202403 -1.009 122.590 -1.047
202406 -1.076 123.120 -1.111
202409 -1.074 123.300 -1.108
202412 -1.090 122.430 -1.132
202503 -0.488 124.210 -0.500
202506 -0.211 125.820 -0.213
202509 -0.246 126.570 -0.247
202512 -0.263 126.180 -0.265
202603 -0.267 127.160 -0.267

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.

Is Coal Energy (WAR:CLE) Overvalued in 2026?

Based on GuruFocus' analysis, Coal Energy stock appears to be undervalued. The current stock price of zł1.88 is trading 26.1% below its estimated GF Value™ of zł2.54. GuruFocus considers Coal Energy to be Modestly Undervalued.

Key valuation signals for WAR:CLE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł2.54 vs. price of zł1.88 (26.1% below fair value)
  • GF Score™: 43/100 with 4 warning signs

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


Coal Energy Business Description

Address 33 rue du Puits Romain, Bertrange, Luxembourg, LUX, 8070
Coal Energy SA operates through its Polish subsidiary, which provides services to coal companies in Poland.
43GF Score

Get the complete analysis for WAR:CLE

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

zł1.88
Price
zł2.54
GF Value