Coal Energy (WAR:CLE) Cyclically Adjusted PB Ratio: (As of Jul. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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 zł2.06
GF Value zł2.52
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

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 12.90 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

WAR:CLE vs CNR: Cyclically Adjusted PB Ratio 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.
View Full Analysis

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)
=-0.272/127.1600*127.1600
=-0.272

Current CPI (Mar. 2026) = 127.1600.

Coal Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 -3.529 100.660 -4.458
201609 -3.751 100.750 -4.734
201612 -4.012 101.040 -5.049
201703 -4.193 101.780 -5.239
201706 -4.272 102.170 -5.317
201709 -4.538 102.520 -5.629
201712 -4.910 102.410 -6.097
201803 -4.926 102.900 -6.087
201806 -5.125 103.650 -6.287
201809 -5.548 104.580 -6.746
201812 -5.662 104.320 -6.902
201903 -5.745 105.140 -6.948
201906 -6.077 105.550 -7.321
201909 -6.094 105.900 -7.317
201912 -3.041 106.080 -3.645
202003 -3.955 106.040 -4.743
202006 -3.378 106.340 -4.039
202009 -3.827 106.620 -4.564
202012 0.576 106.670 0.687
202103 0.443 108.140 0.521
202106 0.314 108.680 0.367
202109 0.327 109.470 0.380
202112 0.274 111.090 0.314
202203 0.238 114.780 0.264
202206 0.218 116.750 0.237
202209 0.040 117.000 0.043
202212 -0.068 117.060 -0.074
202303 -0.075 118.910 -0.080
202306 -1.039 120.460 -1.097
202309 -0.146 121.740 -0.153
202312 -1.007 121.170 -1.057
202403 -1.028 122.590 -1.066
202406 -1.096 123.120 -1.132
202409 -1.094 123.300 -1.128
202412 -1.110 122.430 -1.153
202503 -0.497 124.210 -0.509
202506 -0.215 125.820 -0.217
202509 -0.250 126.570 -0.251
202512 -0.268 126.180 -0.270
202603 -0.272 127.160 -0.272

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 zł2.06 is trading 18.3% below its estimated GF Value™ of zł2.52. GuruFocus considers Coal Energy to be Modestly Undervalued.

Key valuation signals for WAR:CLE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł2.52 vs. price of zł2.06 (18.3% 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.

zł2.06
Price
zł2.52
GF Value