Caspar Asset ManagementWAR:CSR -8.87%69 Cyclically Adjusted PB Ratio is 2.25 as of Jul. 13, 2026, which is 50% below its 10-year median of 4.53. GuruFocus rates WAR:CSR with a GF Score™ of 69/100 and a GF Value™ of zł12.90 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,002 Asset Management companies, Caspar Asset Management ranks worse than 85.73% on this metric.
The historical rank and industry rank for Caspar Asset Management's Cyclically Adjusted PB Ratio or its related term are showing as below:
WAR:CSR'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6 Med: 4.53 Max: 15.1
Current: 2.25
During the past years, Caspar Asset Management's highest Cyclically Adjusted PB Ratio was 15.10. The lowest was 1.60. And the median was 4.53.
WAR:CSR's Cyclically Adjusted PB Ratio is ranked worse than 85.73% of 1002
companies
in the Asset Management industry
Industry Median: 0.85
vs WAR:CSR: 2.25
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.
Caspar Asset Management's adjusted book value per share data for the three months ended in Mar. 2026 was zł2.954. 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 zł2.51 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Caspar Asset Management (WAR:CSR) 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.
Caspar Asset Management Cyclically Adjusted PB Ratio Related Terms
Caspar Asset Management Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Caspar Asset Management'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.
Caspar Asset Management Cyclically Adjusted PB Ratio Chart
WAR:CSR vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Caspar Asset Management'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.
Caspar Asset Management Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Caspar Asset Management's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Caspar Asset Management's Cyclically Adjusted PB Ratio falls into.
Caspar Asset Management 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.
* 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.
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 2.25 mean?
Caspar Asset Management (WAR:CSR) has a Cyclically Adjusted PB Ratio of 2.25 as of Jul. 13, 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 Caspar Asset Management and its competitors. This is 50% below median its historical median of 4.53. Over the past decade, Caspar Asset Management's Cyclically Adjusted PB Ratio has ranged from 1.60 to 15.10. According to the industry distribution chart, Caspar Asset Management ranks #859 out of 1002 companies in the Asset Management industry, placing it in the top 85.7%.
Is Caspar Asset Management's Cyclically Adjusted PB Ratio too high?
Caspar Asset Management's current Cyclically Adjusted PB Ratio of 2.25 is 50% below median its 10-year median of 4.53. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 15.10. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Caspar Asset Management's value of 2.25 is 164.7% above this industry median. Based on the distribution chart, Caspar Asset Management ranks #859 out of 1002 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Caspar Asset Management has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Caspar Asset Management's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Caspar Asset Management ranks #859 out of 1002 companies for Cyclically Adjusted PB Ratio. This places Caspar Asset Management in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Caspar Asset Management's value of 2.25 is 164.7% above this benchmark. Historically, Caspar Asset Management's own Cyclically Adjusted PB Ratio has ranged from 1.60 to 15.10 over the past decade. While the company's 10-year median is 4.53 vs. the industry median of 0.85, Caspar Asset Management has consistently been above 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 1,002 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. Caspar Asset Management's current Cyclically Adjusted PB Ratio of 2.25 is 164.7% above 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 Caspar Asset Management and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caspar Asset Management's current Cyclically Adjusted PB Ratio is 2.25, which is 50% below median its own 10-year median of 4.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caspar Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Caspar Asset Management (WAR:CSR) is currently considered Possible Value Trap. The stock's GF Value™ is zł12.90, compared to a current price of zł5.65 — trading 56.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.25, which is 50% below median its 10-year median of 4.53 and 164.7% above the Asset Management industry median of 0.85. Caspar Asset Management's overall GF Score™ is 69/100 with 4 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 Caspar Asset Management (WAR:CSR), the current Cyclically Adjusted PB Ratio is 2.25 as of Jul. 13, 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 Caspar Asset Management (WAR:CSR) Overvalued in 2026?
Based on GuruFocus' analysis, Caspar Asset Management stock appears to be undervalued.
The current stock price of zł5.65 is trading 56.2% below its estimated GF Value™ of zł12.90.
GuruFocus considers Caspar Asset Management to be Possible Value Trap.
Key valuation signals for WAR:CSR:
Cyclically Adjusted PB Ratio: 2.25 (50% below median its 10-year median of 4.53)
GF Value™: zł12.90 vs. price of zł5.65 (56.2% below fair value)
Industry Position: 164.7% above the Asset Management median (#859 of 1002)
No single metric tells the full story. See the WAR:CSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caspar Asset Management SA is an asset management company. The company offers asset management services such as investment advice, asset administration to individuals and institutional investors in Poland.
69GF Score
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