Garin AI (WAR:GAR) Cyclically Adjusted PB Ratio: (As of Sep. 09, 2026)

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:GAR Garin AI SA WAR:GAR
29 GF Score
Price zł1.96
! 2 Warning Signs
View Full Analysis

What is Garin AI Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Garin AI  (WAR:GAR) 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.


Garin AI Cyclically Adjusted PB Ratio Related Terms


Garin AI Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Garin AI'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.

Garin AI Cyclically Adjusted PB Ratio Chart

Garin AI 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 0.00 0.00 1.01 2.23 3.47

Garin AI 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 8.06 5.62 3.47 5.81 0.00

WAR:GAR vs MSFT, PLTR, ORCL: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Garin AI'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.


Garin AI Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Garin AI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:GAR
29GF Score
Garin AI SA WAR:GAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garin AI 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.

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

For example, Garin AI'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)
=0/162.2800*162.2800
=0.000

Current CPI (Jun. 2026) = 162.2800.

Garin AI Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.107 99.064 0.175
201612 -0.217 100.366 -0.351
201703 1.132 101.018 1.819
201706 0.880 101.180 1.411
201709 0.743 101.343 1.190
201712 1.921 102.564 3.039
201803 0.542 102.564 0.858
201806 0.448 103.378 0.703
201809 0.334 103.378 0.524
201812 0.692 103.785 1.082
201903 0.000 104.274 0.000
201906 0.073 105.983 0.112
201909 0.073 105.983 0.112
201912 0.073 107.123 0.111
202003 0.073 109.076 0.109
202006 0.073 109.402 0.108
202009 0.073 109.320 0.108
202012 0.073 109.565 0.108
202103 0.073 112.658 0.105
202106 0.073 113.960 0.104
202109 0.070 115.588 0.098
202112 0.059 119.088 0.080
202203 0.031 125.031 0.040
202206 0.055 131.705 0.068
202209 0.053 135.531 0.063
202212 -0.123 139.113 -0.143
202303 0.047 145.950 0.052
202306 0.042 147.009 0.046
202309 0.045 146.113 0.050
202312 0.013 147.741 0.014
202403 0.011 149.044 0.012
202406 0.008 150.997 0.009
202409 0.007 153.439 0.007
202412 0.004 154.660 0.004
202503 0.005 157.021 0.005
202506 0.001 157.509 0.001
202509 0.051 158.000 0.052
202512 0.026 158.320 0.027
202603 0.018 163.070 0.018
202606 0.000 162.280 0.000

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.


Garin AI Business Description

Address ul. Nowogrodzka 64/43, Warsaw, POL, 02-014
Garin AI SA is a Poland-based technology company building a portfolio of projects that utilize artificial intelligence. The group provides an AI Solution Portfolio for small and medium-sized enterprises and government institutions. Its projects are Meal Plus, AI2help, KSeF Virtual Advisor (AI), and AI agents.
29GF Score

Get the complete analysis for WAR:GAR

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

zł1.96
Price