Ferro (WAR:FRO) Cyclically Adjusted PB Ratio: 1.69 (As of Aug. 15, 2026) — Near Median

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WAR:FRO Ferro SA WAR:FRO
93 GF Score
Price zł34.30
GF Value zł32.29
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Ferro Cyclically Adjusted PB Ratio?

Ferro WAR:FRO +0.88% 93 Cyclically Adjusted PB Ratio is 1.69 as of Aug. 15, 2026, which is 8% below its 10-year median of 1.83. GuruFocus rates WAR:FRO with a GF Score™ of 93/100 and a GF Value™ of zł32.29 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,329 Construction companies, Ferro ranks worse than 63.13% on this metric.

As of today (2026-08-15), Ferro's current share price is zł34.30. Ferro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł20.35. Ferro's Cyclically Adjusted PB Ratio for today is 1.69.

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

WAR:FRO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.83   Max: 3.63
Current: 1.67

During the past years, Ferro's highest Cyclically Adjusted PB Ratio was 3.63. The lowest was 1.10. And the median was 1.83.

WAR:FRO's Cyclically Adjusted PB Ratio is ranked worse than
63.13% of 1329 companies
in the Construction industry
Industry Median: 1.14 vs WAR:FRO: 1.67

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.

Ferro's adjusted book value per share data for the three months ended in Mar. 2026 was zł22.523. 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 zł20.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferro  (WAR:FRO) 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.


Ferro Cyclically Adjusted PB Ratio Related Terms


Ferro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ferro'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.

Ferro Cyclically Adjusted PB Ratio Chart

Ferro 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 2.73 1.32 1.86 1.94 1.41

Ferro 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 1.90 1.88 1.57 1.41 1.35

WAR:FRO vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Ferro'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.


Ferro Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Ferro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:FRO
93GF Score
Ferro SA WAR:FRO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferro 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.30/20.35
=1.69

* 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.

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

For example, Ferro'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)
=22.523/163.0700*163.0700
=22.523

Current CPI (Mar. 2026) = 163.0700.

Ferro Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.389 99.552 15.379
201609 9.661 99.064 15.903
201612 10.058 100.366 16.342
201703 10.245 101.018 16.538
201706 9.736 101.180 15.691
201709 10.517 101.343 16.923
201712 9.335 102.564 14.842
201803 10.100 102.564 16.058
201806 10.221 103.378 16.123
201809 10.672 103.378 16.834
201812 10.978 103.785 17.249
201903 11.597 104.274 18.136
201906 10.955 105.983 16.856
201909 11.751 105.983 18.081
201912 11.783 107.123 17.937
202003 12.497 109.076 18.683
202006 13.085 109.402 19.504
202009 13.825 109.320 20.622
202012 14.744 109.565 21.944
202103 15.753 112.658 22.802
202106 16.200 113.960 23.181
202109 17.491 115.588 24.676
202112 18.188 119.088 24.905
202203 19.517 125.031 25.455
202206 18.813 131.705 23.293
202209 19.990 135.531 24.052
202212 20.663 139.113 24.221
202303 21.755 145.950 24.307
202306 20.174 147.009 22.378
202309 21.324 146.113 23.799
202312 21.237 147.741 23.440
202403 21.705 149.044 23.748
202406 19.475 150.997 21.032
202409 20.584 153.439 21.876
202412 21.124 154.660 22.273
202503 21.961 157.021 22.807
202506 19.542 157.509 20.232
202509 20.689 158.000 21.353
202512 21.522 158.320 22.168
202603 22.523 163.070 22.523

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 1.69 mean?
Ferro (WAR:FRO) has a Cyclically Adjusted PB Ratio of 1.69 as of Aug. 15, 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 Ferro and its competitors. This is near median its historical median of 1.83. Over the past decade, Ferro's Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.63. According to the industry distribution chart, Ferro ranks #839 out of 1329 companies in the Construction industry, placing it in the top 63.1%.
Is Ferro's Cyclically Adjusted PB Ratio too high?
Ferro's current Cyclically Adjusted PB Ratio of 1.69 is near median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.63. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Ferro's value of 1.69 is 48.2% above this industry median. Based on the distribution chart, Ferro ranks #839 out of 1329 companies in the Construction industry, which is below the industry midpoint. Overall, Ferro has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ferro's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Ferro ranks #839 out of 1329 companies for Cyclically Adjusted PB Ratio. This places Ferro in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Ferro's value of 1.69 is 48.2% above this benchmark. Historically, Ferro's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.63 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.14, Ferro 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,329 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. Ferro's current Cyclically Adjusted PB Ratio of 1.69 is 48.2% 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 Ferro and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferro's current Cyclically Adjusted PB Ratio is 1.69, which is near median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferro stock overvalued right now?
Based on GuruFocus' analysis, Ferro (WAR:FRO) is currently considered Fairly Valued. The stock's GF Value™ is zł32.29, compared to a current price of zł34.30 — trading 6.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.69, which is near median its 10-year median of 1.83 and 48.2% above the Construction industry median of 1.14. Ferro's overall GF Score™ is 93/100 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 Ferro (WAR:FRO), the current Cyclically Adjusted PB Ratio is 1.69 as of Aug. 15, 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 Ferro (WAR:FRO) Overvalued in 2026?

Based on GuruFocus' analysis, Ferro stock appears to be overvalued. The current stock price of zł34.30 is trading 6.2% above its estimated GF Value™ of zł32.29. GuruFocus considers Ferro to be Fairly Valued.

Key valuation signals for WAR:FRO:

  • Cyclically Adjusted PB Ratio: 1.69 (near median its 10-year median of 1.83)
  • GF Value™: zł32.29 vs. price of zł34.30 (6.2% above fair value)
  • GF Score™: 93/100 with 4 warning signs
  • Industry Position: 48.2% above the Construction median (#839 of 1329)

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


Ferro Business Description

Other Exchanges 0MN:Germany
Address ul. Przemyslowa 7, Skawina, POL, 32-050
Ferro SA is a Poland based company involved in manufacturing and selling sanitary installation and heating fittings, and sanitation equipment in Central and Eastern Europe. It offers mixers, showers, sinks, bathroom accessories, shower trays and bathtubs, water valves, measurement fittings and bathroom heaters among other products.
93GF Score

Get the complete analysis for WAR:FRO

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

zł34.30
Price
zł32.29
GF Value