Ecnology Group (WAR:ECN) Cyclically Adjusted PB Ratio: 1.24 (As of Jul. 23, 2026) — Near Median

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What is Ecnology Group Cyclically Adjusted PB Ratio?

Ecnology Group WAR:ECN Cyclically Adjusted PB Ratio is 1.24 as of Jul. 23, 2026, which is 3% above its 10-year median of 1.20. The stock has 6 warning signs investors should review.

As of today (2026-07-23), Ecnology Group's current share price is zł0.672. Ecnology Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was zł0.54. Ecnology Group's Cyclically Adjusted PB Ratio for today is 1.24.

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

WAR:ECN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.2   Max: 6.25
Current: 1.24

During the past years, Ecnology Group's highest Cyclically Adjusted PB Ratio was 6.25. The lowest was 0.60. And the median was 1.20.

WAR:ECN's Cyclically Adjusted PB Ratio is not ranked
in the Hardware industry.
Industry Median: 2.01 vs WAR:ECN: 1.24

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.

Ecnology Group's adjusted book value per share data for the three months ended in Dec. 2025 was zł0.112. 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 zł0.54 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecnology Group  (WAR:ECN) 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.


Ecnology Group Cyclically Adjusted PB Ratio Related Terms


Ecnology Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ecnology Group'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.

Ecnology Group Cyclically Adjusted PB Ratio Chart

Ecnology Group 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 1.23 0.71 1.42 0.77 1.24

Ecnology Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.77 1.54 1.15 1.20 1.24

WAR:ECN vs APH, TEL, GLW: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Ecnology Group'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.


Ecnology Group Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Ecnology Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ecnology Group 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.

Ecnology Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.672/0.54
=1.24

* 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.

Ecnology Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Ecnology Group's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.112/158.3200*158.3200
=0.112

Current CPI (Dec. 2025) = 158.3200.

Ecnology Group Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.487 98.983 0.779
201606 0.442 99.552 0.703
201609 0.453 99.064 0.724
201612 0.379 100.366 0.598
201703 0.425 101.018 0.666
201706 0.428 101.180 0.670
201709 0.440 101.343 0.687
201712 0.444 102.564 0.685
201803 0.469 102.564 0.724
201806 0.445 103.378 0.682
201809 0.407 103.378 0.623
201812 0.534 103.785 0.815
201903 0.443 104.274 0.673
201906 0.449 105.983 0.671
201909 0.420 105.983 0.627
201912 0.419 107.123 0.619
202003 0.471 109.076 0.684
202006 0.458 109.402 0.663
202009 0.471 109.320 0.682
202012 0.598 109.565 0.864
202103 0.486 112.658 0.683
202106 0.389 113.960 0.540
202109 0.412 115.588 0.564
202112 0.341 119.088 0.453
202203 0.436 125.031 0.552
202206 0.432 131.705 0.519
202209 0.461 135.531 0.539
202212 0.433 139.113 0.493
202303 0.502 145.950 0.545
202306 0.000 147.009 0.000
202309 0.482 146.113 0.522
202312 0.421 147.741 0.451
202403 0.551 149.044 0.585
202406 0.459 150.997 0.481
202409 0.149 153.439 0.154
202412 -0.075 154.660 -0.077
202503 0.089 157.021 0.090
202506 0.059 157.509 0.059
202509 0.072 158.000 0.072
202512 0.112 158.320 0.112

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 1.24 mean?
Ecnology Group (WAR:ECN) has a Cyclically Adjusted PB Ratio of 1.24 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 Ecnology Group and its competitors. This is near median its historical median of 1.20. Over the past decade, Ecnology Group's Cyclically Adjusted PB Ratio has ranged from 0.60 to 6.25.
Is Ecnology Group's Cyclically Adjusted PB Ratio too high?
Ecnology Group's current Cyclically Adjusted PB Ratio of 1.24 is near median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 6.25. The Hardware industry median Cyclically Adjusted PB Ratio is 2.01. Ecnology Group's value of 1.24 is 38.3% below this industry median.
How does Ecnology Group's Cyclically Adjusted PB Ratio compare to APH and TEL?
Ecnology Group's Cyclically Adjusted PB Ratio of 1.24 can be compared against companies in the Hardware industry. The industry median Cyclically Adjusted PB Ratio is 2.01. Ecnology Group's value of 1.24 is 38.3% below this benchmark. Historically, Ecnology Group's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 6.25 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 2.01, Ecnology Group 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.01, based on 1,980 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. Ecnology Group's current Cyclically Adjusted PB Ratio of 1.24 is 38.3% 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 Ecnology Group and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecnology Group's current Cyclically Adjusted PB Ratio is 1.24, which is near median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecnology Group stock overvalued right now?
Ecnology Group (WAR:ECN) has a current Cyclically Adjusted PB Ratio of 1.24. The stock's GF Value™ is zł0.27, compared to a current price of zł0.67 — trading 148.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is near median its 10-year median of 1.20 and 38.3% below the Hardware industry median of 2.01. 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 Ecnology Group (WAR:ECN), the current Cyclically Adjusted PB Ratio is 1.24 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.

Ecnology Group Business Description

Address ul. Akademijna 27, Jablonna, POL, 05-110
Ecnology Group SA is a technology company from the energy sector, part of a production and distribution group that has its own patented, technological solutions. It is the exclusive distributor of Smart Optimizer ECOD and Watt Optimizer Analytics devices in Poland. Its product includes Smart Optimizer ECOD.