CPD (WAR:CPD) Cyclically Adjusted PB Ratio: 0.09 (As of Jul. 17, 2026) — 76% Below Median

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WAR:CPD CPD SA WAR:CPD
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What is CPD Cyclically Adjusted PB Ratio?

CPD WAR:CPD +0.78% 27 Cyclically Adjusted PB Ratio is 0.09 as of Jul. 17, 2026, which is 76% below its 10-year median of 0.38. GuruFocus rates WAR:CPD with a GF Score™ of 27/100. The stock has 8 warning signs investors should review. Among 1,437 Real Estate companies, CPD ranks better than 91.51% on this metric.

As of today (2026-07-17), CPD's current share price is zł1.295. CPD's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł15.17. CPD's Cyclically Adjusted PB Ratio for today is 0.09.

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

WAR:CPD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.38   Max: 0.99
Current: 0.09

During the past years, CPD's highest Cyclically Adjusted PB Ratio was 0.99. The lowest was 0.08. And the median was 0.38.

WAR:CPD's Cyclically Adjusted PB Ratio is ranked better than
91.51% of 1437 companies
in the Real Estate industry
Industry Median: 0.71 vs WAR:CPD: 0.09

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.

CPD's adjusted book value per share data for the three months ended in Mar. 2026 was zł1.098. 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 zł15.17 for the trailing ten years ended in Mar. 2026.

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CPD  (WAR:CPD) 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.


CPD Cyclically Adjusted PB Ratio Related Terms


CPD Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CPD'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.

CPD Cyclically Adjusted PB Ratio Chart

CPD 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 0.47 0.53 0.25 0.09 0.16

CPD 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 0.17 0.32 0.30 0.16 0.12

CPD Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, CPD'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.


CPD Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, CPD's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:CPD
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CPD SA WAR:CPD
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CPD 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.295/15.17
=0.09

* 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.

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

For example, CPD'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)
=1.098/163.0700*163.0700
=1.098

Current CPI (Mar. 2026) = 163.0700.

CPD Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.604 99.552 22.284
201609 13.508 99.064 22.236
201612 13.599 100.366 22.095
201703 14.791 101.018 23.877
201706 14.690 101.180 23.676
201709 14.781 101.343 23.784
201712 12.429 102.564 19.761
201803 12.712 102.564 20.211
201806 13.167 103.378 20.770
201809 13.007 103.378 20.517
201812 12.395 103.785 19.475
201903 12.728 104.274 19.905
201906 13.963 105.983 21.484
201909 15.196 105.983 23.381
201912 14.908 107.123 22.694
202003 15.127 109.076 22.615
202006 14.545 109.402 21.680
202009 14.683 109.320 21.902
202012 16.131 109.565 24.009
202103 17.321 112.658 25.072
202106 17.274 113.960 24.718
202109 15.162 115.588 21.390
202112 16.135 119.088 22.094
202203 16.809 125.031 21.923
202206 13.156 131.705 16.289
202209 11.421 135.531 13.742
202212 7.839 139.113 9.189
202303 7.505 145.950 8.385
202306 7.134 147.009 7.913
202309 0.000 146.113 0.000
202312 -0.023 147.741 -0.025
202403 -0.036 149.044 -0.039
202406 -0.128 150.997 -0.138
202409 -0.175 153.439 -0.186
202412 -0.228 154.660 -0.240
202503 -0.253 157.021 -0.263
202506 0.047 157.509 0.049
202509 2.352 158.000 2.427
202512 1.668 158.320 1.718
202603 1.098 163.070 1.098

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 0.09 mean?
CPD (WAR:CPD) has a Cyclically Adjusted PB Ratio of 0.09 as of Jul. 17, 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 CPD and its competitors. This is 76% below median its historical median of 0.38. Over the past decade, CPD's Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.99. According to the industry distribution chart, CPD ranks #122 out of 1437 companies in the Real Estate industry, placing it in the top 8.5%.
Is CPD's Cyclically Adjusted PB Ratio too high?
CPD's current Cyclically Adjusted PB Ratio of 0.09 is 76% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.99. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. CPD's value of 0.09 is 87.3% below this industry median. Based on the distribution chart, CPD ranks #122 out of 1437 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, CPD has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does CPD's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, CPD ranks #122 out of 1437 companies for Cyclically Adjusted PB Ratio. This places CPD in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.71. CPD's value of 0.09 is 87.3% below this benchmark. Historically, CPD's own Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.99 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.71, CPD 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,437 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. CPD's current Cyclically Adjusted PB Ratio of 0.09 is 87.3% 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 CPD and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPD's current Cyclically Adjusted PB Ratio is 0.09, which is 76% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPD stock overvalued right now?
CPD (WAR:CPD) has a current Cyclically Adjusted PB Ratio of 0.09. The current Cyclically Adjusted PB Ratio is 0.09, which is 76% below median its 10-year median of 0.38 and 87.3% below the Real Estate industry median of 0.71. CPD's overall GF Score™ is 27/100 with 8 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 CPD (WAR:CPD), the current Cyclically Adjusted PB Ratio is 0.09 as of Jul. 17, 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.

CPD Business Description

Address ul. Cybernetics 7b, Warszawa, POL, 02-677
CPD SA through its subsidiaries is involved in developing and selling office and residential properties in Poland and internationally. The company also acquires lands; and constructs office, commercial, and residential buildings, as well as leases office buildings and warehouses. In addition, it provides commercial real estate management services.
27GF Score

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

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