Galvo (WAR:GAL) Cyclically Adjusted PB Ratio: 1.33 (As of Sep. 12, 2026) — 183% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:GAL Galvo SA WAR:GAL
55 GF Score
Price zł4.06
GF Value zł2.49
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Galvo Cyclically Adjusted PB Ratio?

Galvo WAR:GAL 55 Cyclically Adjusted PB Ratio is 1.33 as of Sep. 12, 2026, which is 183% above its 10-year median of 0.47. GuruFocus rates WAR:GAL with a GF Score™ of 55/100 and a GF Value™ of zł2.49 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,098 Industrial Products companies, Galvo ranks better than 66.06% on this metric.

As of today (2026-09-12), Galvo's current share price is zł4.06. Galvo's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł3.06. Galvo's Cyclically Adjusted PB Ratio for today is 1.33.

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

WAR:GAL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.47   Max: 1.51
Current: 1.33

During the past years, Galvo's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.28. And the median was 0.47.

WAR:GAL's Cyclically Adjusted PB Ratio is ranked better than
66.06% of 2098 companies
in the Industrial Products industry
Industry Median: 2.14 vs WAR:GAL: 1.33

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.

Galvo's adjusted book value per share data for the three months ended in Jun. 2026 was zł2.480. 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 zł3.06 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Galvo  (WAR:GAL) 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.


Galvo Cyclically Adjusted PB Ratio Related Terms


Galvo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Galvo'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.

Galvo Cyclically Adjusted PB Ratio Chart

Galvo 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 0.38 0.48 0.69 0.39 0.47

Galvo Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.41 0.80 0.47 0.50 0.90

WAR:GAL vs ATI, CRS, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Galvo'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.


Galvo Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


WAR:GAL
55GF Score
Galvo SA WAR:GAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galvo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.06/3.06
=1.33

* 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.

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

For example, Galvo's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.48/162.2800*162.2800
=2.480

Current CPI (Jun. 2026) = 162.2800.

Galvo Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.516 99.064 4.122
201612 2.292 100.366 3.706
201703 2.284 101.018 3.669
201706 2.321 101.180 3.723
201709 2.327 101.343 3.726
201712 2.286 102.564 3.617
201803 2.321 102.564 3.672
201806 2.317 103.378 3.637
201809 2.304 103.378 3.617
201812 2.256 103.785 3.528
201903 2.321 104.274 3.612
201906 2.394 105.983 3.666
201909 2.416 105.983 3.699
201912 2.358 107.123 3.572
202003 2.353 109.076 3.501
202006 2.275 109.402 3.375
202009 2.273 109.320 3.374
202012 2.227 109.565 3.298
202103 2.128 112.658 3.065
202106 2.135 113.960 3.040
202109 2.111 115.588 2.964
202112 1.963 119.088 2.675
202203 1.995 125.031 2.589
202206 2.091 131.705 2.576
202209 2.201 135.531 2.635
202212 2.336 139.113 2.725
202303 2.545 145.950 2.830
202306 2.559 147.009 2.825
202309 2.645 146.113 2.938
202312 2.613 147.741 2.870
202403 2.509 149.044 2.732
202406 2.460 150.997 2.644
202409 2.309 153.439 2.442
202412 2.227 154.660 2.337
202503 2.131 157.021 2.202
202506 2.199 157.509 2.266
202509 2.124 158.000 2.182
202512 2.054 158.320 2.105
202603 2.322 163.070 2.311
202606 2.480 162.280 2.480

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 1.33 mean?
Galvo (WAR:GAL) has a Cyclically Adjusted PB Ratio of 1.33 as of Sep. 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 Galvo and its competitors. This is 183% above median its historical median of 0.47. Over the past decade, Galvo's Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.51. According to the industry distribution chart, Galvo ranks #712 out of 2098 companies in the Industrial Products industry, placing it in the top 33.9%.
Is Galvo's Cyclically Adjusted PB Ratio too high?
Galvo's current Cyclically Adjusted PB Ratio of 1.33 is 183% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.51. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. Galvo's value of 1.33 is 37.9% below this industry median. Based on the distribution chart, Galvo ranks #712 out of 2098 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Galvo has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Galvo's Cyclically Adjusted PB Ratio compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Galvo ranks #712 out of 2098 companies for Cyclically Adjusted PB Ratio. This puts Galvo in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. Galvo's value of 1.33 is 37.9% below this benchmark. Historically, Galvo's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.51 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 2.14, Galvo 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,098 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. Galvo's current Cyclically Adjusted PB Ratio of 1.33 is 37.9% 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 Galvo and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galvo's current Cyclically Adjusted PB Ratio is 1.33, which is 183% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galvo stock overvalued right now?
Based on GuruFocus' analysis, Galvo (WAR:GAL) is currently considered Significantly Overvalued. The stock's GF Value™ is zł2.49, compared to a current price of zł4.06 — trading 63.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.33, which is 183% above median its 10-year median of 0.47 and 37.9% below the Industrial Products industry median of 2.14. Galvo's overall GF Score™ is 55/100 with 2 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 Galvo (WAR:GAL), the current Cyclically Adjusted PB Ratio is 1.33 as of Sep. 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 Galvo (WAR:GAL) Overvalued in 2026?

Based on GuruFocus' analysis, Galvo stock appears to be overvalued. The current stock price of zł4.06 is trading 63.1% above its estimated GF Value™ of zł2.49. GuruFocus considers Galvo to be Significantly Overvalued.

Key valuation signals for WAR:GAL:

  • Cyclically Adjusted PB Ratio: 1.33 (183% above median its 10-year median of 0.47)
  • GF Value™: zł2.49 vs. price of zł4.06 (63.1% above fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 37.9% below the Industrial Products median (#712 of 2098)

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


Galvo Business Description

Address Ulica Aleksandrowska 67/93, Lodz, POL, 91-205
Galvo SA offers services to the metal industry. The company provides alkaline and acid zinc plating, anticorrosive phosphating coating, copper plating, decorative & technical tin plating and decorative chromium plating.
55GF Score

Get the complete analysis for WAR:GAL

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

zł4.06
Price
zł2.49
GF Value