Cyfrowy Polsat (WAR:CPS) Cyclically Adjusted PB Ratio: 0.46 (As of Jul. 23, 2026) — 44% Below Median

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:CPS Cyfrowy Polsat SA WAR:CPS
84 GF Score
Price zł16.15
GF Value zł14.22
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Cyfrowy Polsat Cyclically Adjusted PB Ratio?

Cyfrowy Polsat WAR:CPS -3.75% 84 Cyclically Adjusted PB Ratio is 0.46 as of Jul. 23, 2026, which is 44% below its 10-year median of 0.82. GuruFocus rates WAR:CPS with a GF Score™ of 84/100 and a GF Value™ of zł14.22 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 714 Media - Diversified companies, Cyfrowy Polsat ranks better than 72.55% on this metric.

As of today (2026-07-23), Cyfrowy Polsat's current share price is zł16.15. Cyfrowy Polsat's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł34.74. Cyfrowy Polsat's Cyclically Adjusted PB Ratio for today is 0.46.

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

WAR:CPS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.82   Max: 1.63
Current: 0.49

During the past years, Cyfrowy Polsat's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.31. And the median was 0.82.

WAR:CPS's Cyclically Adjusted PB Ratio is ranked better than
72.55% of 714 companies
in the Media - Diversified industry
Industry Median: 0.985 vs WAR:CPS: 0.49

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.

Cyfrowy Polsat's adjusted book value per share data for the three months ended in Mar. 2026 was zł24.789. 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 zł34.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cyfrowy Polsat  (WAR:CPS) 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.


Cyfrowy Polsat Cyclically Adjusted PB Ratio Related Terms


Cyfrowy Polsat Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cyfrowy Polsat'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.

Cyfrowy Polsat Cyclically Adjusted PB Ratio Chart

Cyfrowy Polsat 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 1.40 0.59 0.38 0.42 0.36

Cyfrowy Polsat 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 0.44 0.51 0.41 0.36 0.34

WAR:CPS vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Cyfrowy Polsat'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.


Cyfrowy Polsat Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


WAR:CPS
84GF Score
Cyfrowy Polsat SA WAR:CPS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cyfrowy Polsat 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.

Cyfrowy Polsat's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.15/34.74
=0.46

* 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.

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

For example, Cyfrowy Polsat'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)
=24.789/163.0700*163.0700
=24.789

Current CPI (Mar. 2026) = 163.0700.

Cyfrowy Polsat Quarterly Data

Book Value per Share CPI Adj_Book
201606 23.183 99.552 37.975
201609 23.792 99.064 39.164
201612 24.557 100.366 39.899
201703 25.163 101.018 40.620
201706 25.351 101.180 40.858
201709 25.878 101.343 41.640
201712 26.241 102.564 41.721
201803 27.973 102.564 44.475
201806 20.170 103.378 31.816
201809 28.527 103.378 44.999
201812 28.746 103.785 45.167
201903 29.381 104.274 45.948
201906 20.746 105.983 31.921
201909 21.108 105.983 32.478
201912 21.595 107.123 32.874
202003 21.871 109.076 32.697
202006 22.345 109.402 33.307
202009 21.885 109.320 32.645
202012 22.567 109.565 33.588
202103 23.014 112.658 33.312
202106 22.629 113.960 32.381
202109 27.380 115.588 38.627
202112 27.087 119.088 37.091
202203 27.484 125.031 35.846
202206 27.028 131.705 33.465
202209 27.471 135.531 33.053
202212 27.729 139.113 32.504
202303 27.828 145.950 31.092
202306 27.784 147.009 30.820
202309 27.883 146.113 31.119
202312 28.022 147.741 30.929
202403 28.354 149.044 31.022
202406 28.691 150.997 30.985
202409 29.126 153.439 30.954
202412 29.277 154.660 30.869
202503 29.401 157.021 30.534
202506 29.579 157.509 30.623
202509 29.696 158.000 30.649
202512 24.494 158.320 25.229
202603 24.789 163.070 24.789

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 0.46 mean?
Cyfrowy Polsat (WAR:CPS) has a Cyclically Adjusted PB Ratio of 0.46 as of Jul. 23, 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 Cyfrowy Polsat and its competitors. This is 44% below median its historical median of 0.82. Over the past decade, Cyfrowy Polsat's Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.63. According to the industry distribution chart, Cyfrowy Polsat ranks #196 out of 714 companies in the Media - Diversified industry, placing it in the top 27.5%.
Is Cyfrowy Polsat's Cyclically Adjusted PB Ratio too high?
Cyfrowy Polsat's current Cyclically Adjusted PB Ratio of 0.46 is 44% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.63. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Cyfrowy Polsat's value of 0.46 is 53.3% below this industry median. Based on the distribution chart, Cyfrowy Polsat ranks #196 out of 714 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Cyfrowy Polsat has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cyfrowy Polsat's Cyclically Adjusted PB Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Cyfrowy Polsat ranks #196 out of 714 companies for Cyclically Adjusted PB Ratio. This puts Cyfrowy Polsat in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Cyfrowy Polsat's value of 0.46 is 53.3% below this benchmark. Historically, Cyfrowy Polsat's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.63 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.99, Cyfrowy Polsat 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 0.99, based on 714 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. Cyfrowy Polsat's current Cyclically Adjusted PB Ratio of 0.46 is 53.3% 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 Cyfrowy Polsat and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cyfrowy Polsat's current Cyclically Adjusted PB Ratio is 0.46, which is 44% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cyfrowy Polsat stock overvalued right now?
Based on GuruFocus' analysis, Cyfrowy Polsat (WAR:CPS) is currently considered Modestly Overvalued. The stock's GF Value™ is zł14.22, compared to a current price of zł16.15 — trading 13.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is 44% below median its 10-year median of 0.82 and 53.3% below the Media - Diversified industry median of 0.99. Cyfrowy Polsat's overall GF Score™ is 84/100 with 10 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 Cyfrowy Polsat (WAR:CPS), the current Cyclically Adjusted PB Ratio is 0.46 as of Jul. 23, 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 Cyfrowy Polsat (WAR:CPS) Overvalued in 2026?

Based on GuruFocus' analysis, Cyfrowy Polsat stock appears to be overvalued. The current stock price of zł16.15 is trading 13.6% above its estimated GF Value™ of zł14.22. GuruFocus considers Cyfrowy Polsat to be Modestly Overvalued.

Key valuation signals for WAR:CPS:

  • Cyclically Adjusted PB Ratio: 0.46 (44% below median its 10-year median of 0.82)
  • GF Value™: zł14.22 vs. price of zł16.15 (13.6% above fair value)
  • GF Score™: 84/100 with 10 warning signs
  • Industry Position: 53.3% below the Media - Diversified median (#196 of 714)

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


Cyfrowy Polsat Business Description

Other Exchanges CP9:Germany
Address 4a, Lubinowa Street, Warsaw, POL, 03-878
Cyfrowy Polsat SA operates in Poland as a provider of a paid digital satellite platform under the name of Polsat Box and paid digital terrestrial television as well as the telecommunication services provider. The group operates in the following four segments that includes B2C and B2B services segment which relate to the provision of services to the general public, including digital television transmission signal, mobile services, internet access services, mobile TV services, online TV services, and set-top box production, Media segment consists mainly of production, acquisition, and broadcasting of information and entertainment programs, and TV series. Real Estate segment consists construction, sale, rental, and management of own or leased real estate and Green energy segment.
84GF Score

Get the complete analysis for WAR:CPS

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

zł16.15
Price
zł14.22
GF Value