Fabryki Mebli Forte (WAR:FTE) Cyclically Adjusted PB Ratio: 0.39 (As of Aug. 12, 2026) — 53% Below Median

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Director of Data and Quant Analytics at GuruFocus
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WAR:FTE Fabryki Mebli Forte SA WAR:FTE
62 GF Score
Price zł16.20
GF Value zł25.32
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Fabryki Mebli Forte Cyclically Adjusted PB Ratio?

Fabryki Mebli Forte WAR:FTE -2.70% 62 Cyclically Adjusted PB Ratio is 0.39 as of Aug. 12, 2026, which is 53% below its 10-year median of 0.83. GuruFocus rates WAR:FTE with a GF Score™ of 62/100 and a GF Value™ of zł25.32 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 329 Furnishings, Fixtures & Appliances companies, Fabryki Mebli Forte ranks better than 81.46% on this metric.

As of today (2026-08-12), Fabryki Mebli Forte's current share price is zł16.20. Fabryki Mebli Forte's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł41.98. Fabryki Mebli Forte's Cyclically Adjusted PB Ratio for today is 0.39.

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

WAR:FTE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.83   Max: 2.57
Current: 0.39

During the past years, Fabryki Mebli Forte's highest Cyclically Adjusted PB Ratio was 2.57. The lowest was 0.37. And the median was 0.83.

WAR:FTE's Cyclically Adjusted PB Ratio is ranked better than
81.46% of 329 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.2 vs WAR:FTE: 0.39

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.

Fabryki Mebli Forte's adjusted book value per share data for the three months ended in Mar. 2026 was zł36.640. 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 zł41.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fabryki Mebli Forte  (WAR:FTE) 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.


Fabryki Mebli Forte Cyclically Adjusted PB Ratio Related Terms


Fabryki Mebli Forte Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fabryki Mebli Forte'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.

Fabryki Mebli Forte Cyclically Adjusted PB Ratio Chart

Fabryki Mebli Forte Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 0.62 0.63 0.72 0.49

Fabryki Mebli Forte Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 0.72 0.74 0.64 0.58 0.49

WAR:FTE vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Fabryki Mebli Forte'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.


Fabryki Mebli Forte Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fabryki Mebli Forte's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:FTE
62GF Score
Fabryki Mebli Forte SA WAR:FTE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fabryki Mebli Forte 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.

Fabryki Mebli Forte's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.20/41.98
=0.39

* 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.

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

For example, Fabryki Mebli Forte'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)
=36.64/163.0700*163.0700
=36.640

Current CPI (Mar. 2026) = 163.0700.

Fabryki Mebli Forte Quarterly Data

Book Value per Share CPI Adj_Book
201603 21.424 98.983 35.295
201606 20.320 99.552 33.285
201609 22.560 99.064 37.136
201612 22.736 100.366 36.940
201703 25.899 101.018 41.808
201706 26.059 101.180 41.999
201709 26.003 101.343 41.841
201712 26.895 102.564 42.761
201803 26.477 102.564 42.097
201806 24.976 103.378 39.397
201809 27.624 103.378 43.574
201812 30.614 103.785 48.102
201903 26.071 104.274 40.772
201906 26.767 105.983 41.185
201909 25.869 105.983 39.803
201912 32.643 107.123 49.692
202003 31.008 109.076 46.357
202006 30.883 109.402 46.033
202009 31.771 109.320 47.392
202012 33.164 109.565 49.360
202103 33.985 112.658 49.193
202106 32.263 113.960 46.166
202109 32.852 115.588 46.347
202112 33.104 119.088 45.330
202203 34.992 125.031 45.638
202206 32.967 131.705 40.818
202209 31.211 135.531 37.553
202212 35.759 139.113 41.917
202306 38.776 147.009 43.012
202309 34.938 146.113 38.993
202312 37.282 147.741 41.150
202403 37.935 149.044 41.505
202406 37.342 150.997 40.328
202409 37.839 153.439 40.214
202412 38.063 154.660 40.133
202503 38.776 157.021 40.270
202506 38.166 157.509 39.513
202509 38.619 158.000 39.858
202512 38.665 158.320 39.825
202603 36.640 163.070 36.640

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 0.39 mean?
Fabryki Mebli Forte (WAR:FTE) has a Cyclically Adjusted PB Ratio of 0.39 as of Aug. 12, 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 Fabryki Mebli Forte and its competitors. This is 53% below median its historical median of 0.83. Over the past decade, Fabryki Mebli Forte's Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.57. According to the industry distribution chart, Fabryki Mebli Forte ranks #61 out of 329 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 18.5%.
Is Fabryki Mebli Forte's Cyclically Adjusted PB Ratio too high?
Fabryki Mebli Forte's current Cyclically Adjusted PB Ratio of 0.39 is 53% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.57. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.20. Fabryki Mebli Forte's value of 0.39 is 67.5% below this industry median. Based on the distribution chart, Fabryki Mebli Forte ranks #61 out of 329 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Fabryki Mebli Forte has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fabryki Mebli Forte's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Fabryki Mebli Forte ranks #61 out of 329 companies for Cyclically Adjusted PB Ratio. This places Fabryki Mebli Forte in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. Fabryki Mebli Forte's value of 0.39 is 67.5% below this benchmark. Historically, Fabryki Mebli Forte's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.57 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.20, Fabryki Mebli Forte 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.20, based on 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. Fabryki Mebli Forte's current Cyclically Adjusted PB Ratio of 0.39 is 67.5% 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 Fabryki Mebli Forte and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fabryki Mebli Forte's current Cyclically Adjusted PB Ratio is 0.39, which is 53% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fabryki Mebli Forte stock overvalued right now?
Based on GuruFocus' analysis, Fabryki Mebli Forte (WAR:FTE) is currently considered Significantly Undervalued. The stock's GF Value™ is zł25.32, compared to a current price of zł16.20 — trading 36% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.39, which is 53% below median its 10-year median of 0.83 and 67.5% below the Furnishings, Fixtures & Appliances industry median of 1.20. Fabryki Mebli Forte's overall GF Score™ is 62/100 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 Fabryki Mebli Forte (WAR:FTE), the current Cyclically Adjusted PB Ratio is 0.39 as of Aug. 12, 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 Fabryki Mebli Forte (WAR:FTE) Overvalued in 2026?

Based on GuruFocus' analysis, Fabryki Mebli Forte stock appears to be undervalued. The current stock price of zł16.20 is trading 36% below its estimated GF Value™ of zł25.32. GuruFocus considers Fabryki Mebli Forte to be Significantly Undervalued.

Key valuation signals for WAR:FTE:

  • Cyclically Adjusted PB Ratio: 0.39 (53% below median its 10-year median of 0.83)
  • GF Value™: zł25.32 vs. price of zł16.20 (36% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 67.5% below the Furnishings, Fixtures & Appliances median (#61 of 329)

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


Fabryki Mebli Forte Business Description

Address ul. Biala 1, Ostrow Mazowiecka, POL, 07 - 300
Fabryki Mebli Forte SA is a manufacturer of furniture for self-assembly with a specialization in home, office, and kitchen furniture. Its product offerings include furniture systems for the lounge, dining room, bedroom, living room, sitting room, study, and children's room, as well as wall units, ready-made cabinets that can be put together in different arrangements, as well as customized kitchen projects. It has state-of-the-art manufacturing plants located in Ostrow Mazowiecka, Suwalki, Bialystok, and Hajnowka.
62GF Score

Get the complete analysis for WAR:FTE

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

zł16.20
Price
zł25.32
GF Value