Esotiq & Henderson (WAR:EAH) Cyclically Adjusted PB Ratio: 1.05 (As of Sep. 02, 2026) — Near Median

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WAR:EAH Esotiq & Henderson SA WAR:EAH
67 GF Score
Price zł37.60
GF Value zł47.04
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Esotiq & Henderson Cyclically Adjusted PB Ratio?

Esotiq & Henderson WAR:EAH +0.53% 67 Cyclically Adjusted PB Ratio is 1.05 as of Sep. 02, 2026, which is 5% below its 10-year median of 1.10. GuruFocus rates WAR:EAH with a GF Score™ of 67/100 and a GF Value™ of zł47.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, Esotiq & Henderson ranks worse than 54.33% on this metric.

As of today (2026-09-02), Esotiq & Henderson's current share price is zł37.60. Esotiq & Henderson's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł35.83. Esotiq & Henderson's Cyclically Adjusted PB Ratio for today is 1.05.

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

WAR:EAH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.1   Max: 2.99
Current: 1.03

During the past years, Esotiq & Henderson's highest Cyclically Adjusted PB Ratio was 2.99. The lowest was 0.70. And the median was 1.10.

WAR:EAH's Cyclically Adjusted PB Ratio is ranked worse than
54.33% of 635 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.94 vs WAR:EAH: 1.03

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.

Esotiq & Henderson's adjusted book value per share data for the three months ended in Mar. 2026 was zł34.372. 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 zł35.83 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Esotiq & Henderson  (WAR:EAH) 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.


Esotiq & Henderson Cyclically Adjusted PB Ratio Related Terms


Esotiq & Henderson Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Esotiq & Henderson'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.

Esotiq & Henderson Cyclically Adjusted PB Ratio Chart

Esotiq & Henderson 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 2.39 0.00 1.05 1.23 0.94

Esotiq & Henderson 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 1.06 1.02 1.07 0.94 0.91

WAR:EAH vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Esotiq & Henderson'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.


Esotiq & Henderson Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Esotiq & Henderson's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:EAH
67GF Score
Esotiq & Henderson SA WAR:EAH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Esotiq & Henderson 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.

Esotiq & Henderson's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.60/35.83
=1.05

* 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.

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

For example, Esotiq & Henderson'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)
=34.372/163.0700*163.0700
=34.372

Current CPI (Mar. 2026) = 163.0700.

Esotiq & Henderson Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.424 99.552 33.455
201609 20.062 99.064 33.024
201612 20.933 100.366 34.011
201703 20.449 101.018 33.010
201706 20.930 101.180 33.732
201709 18.821 101.343 30.285
201712 19.738 102.564 31.382
201803 19.827 102.564 31.524
201806 20.254 103.378 31.949
201809 21.010 103.378 33.141
201812 21.934 103.785 34.463
201903 21.696 104.274 33.930
201906 22.295 105.983 34.304
201909 23.027 105.983 35.430
201912 24.233 107.123 36.889
202003 23.551 109.076 35.209
202006 24.583 109.402 36.642
202009 26.338 109.320 39.288
202012 26.957 109.565 40.121
202103 28.191 112.658 40.806
202106 34.052 113.960 48.726
202109 35.662 115.588 50.311
202112 34.879 119.088 47.761
202203 28.653 125.031 37.370
202206 27.791 131.705 34.409
202209 29.811 135.531 35.868
202212 0.000 139.113 0.000
202303 29.469 145.950 32.926
202306 28.419 147.009 31.524
202309 30.519 146.113 34.061
202312 31.831 147.741 35.134
202403 31.965 149.044 34.973
202406 31.828 150.997 34.373
202409 32.546 153.439 34.589
202412 34.342 154.660 36.209
202503 34.539 157.021 35.870
202506 33.129 157.509 34.299
202509 34.334 158.000 35.436
202512 35.491 158.320 36.556
202603 34.372 163.070 34.372

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 1.05 mean?
Esotiq & Henderson (WAR:EAH) has a Cyclically Adjusted PB Ratio of 1.05 as of Sep. 02, 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 Esotiq & Henderson and its competitors. This is near median its historical median of 1.10. Over the past decade, Esotiq & Henderson's Cyclically Adjusted PB Ratio has ranged from 0.70 to 2.99. According to the industry distribution chart, Esotiq & Henderson ranks #345 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.3%.
Is Esotiq & Henderson's Cyclically Adjusted PB Ratio too high?
Esotiq & Henderson's current Cyclically Adjusted PB Ratio of 1.05 is near median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 2.99. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.94. Esotiq & Henderson's value of 1.05 is 11.7% above this industry median. Based on the distribution chart, Esotiq & Henderson ranks #345 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Esotiq & Henderson has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Esotiq & Henderson's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Esotiq & Henderson ranks #345 out of 635 companies for Cyclically Adjusted PB Ratio. This places Esotiq & Henderson in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. Esotiq & Henderson's value of 1.05 is 11.7% above this benchmark. Historically, Esotiq & Henderson's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 2.99 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 0.94, Esotiq & Henderson 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 a Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.94, based on 635 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. Esotiq & Henderson's current Cyclically Adjusted PB Ratio of 1.05 is 11.7% 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 Esotiq & Henderson and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Esotiq & Henderson's current Cyclically Adjusted PB Ratio is 1.05, which is near median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esotiq & Henderson stock overvalued right now?
Based on GuruFocus' analysis, Esotiq & Henderson (WAR:EAH) is currently considered Modestly Undervalued. The stock's GF Value™ is zł47.04, compared to a current price of zł37.60 — trading 20.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is near median its 10-year median of 1.10 and 11.7% above the Manufacturing - Apparel & Accessories industry median of 0.94. Esotiq & Henderson's overall GF Score™ is 67/100 with 6 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 Esotiq & Henderson (WAR:EAH), the current Cyclically Adjusted PB Ratio is 1.05 as of Sep. 02, 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 Esotiq & Henderson (WAR:EAH) Overvalued in 2026?

Based on GuruFocus' analysis, Esotiq & Henderson stock appears to be undervalued. The current stock price of zł37.60 is trading 20.1% below its estimated GF Value™ of zł47.04. GuruFocus considers Esotiq & Henderson to be Modestly Undervalued.

Key valuation signals for WAR:EAH:

  • Cyclically Adjusted PB Ratio: 1.05 (near median its 10-year median of 1.10)
  • GF Value™: zł47.04 vs. price of zł37.60 (20.1% below fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 11.7% above the Manufacturing - Apparel & Accessories median (#345 of 635)

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


Esotiq & Henderson Business Description

Other Exchanges K4Q:Germany
Address ulica Szybowcowa 8A, Gdansk, POL, 80-298
Esotiq & Henderson SA manufactures and distributes branded underwear products. The Company offers basic, premium and fashion underwear products for both men and women. It also offers a wide range of underwear, bathing suits and pyjamas that follow universal trends as well as a selection of cosmetics and perfumes.
67GF Score

Get the complete analysis for WAR:EAH

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

zł37.60
Price
zł47.04
GF Value