Grupa RECYKL (WAR:GRC) Cyclically Adjusted PB Ratio: 2.02 (As of Sep. 03, 2026) — 28% Below Median

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WAR:GRC Grupa RECYKL SA WAR:GRC
89 GF Score
Price zł67.60
GF Value zł80.52
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Grupa RECYKL Cyclically Adjusted PB Ratio?

Grupa RECYKL WAR:GRC -1.74% 89 Cyclically Adjusted PB Ratio is 2.02 as of Sep. 03, 2026, which is 28% below its 10-year median of 2.82. GuruFocus rates WAR:GRC with a GF Score™ of 89/100 and a GF Value™ of zł80.52 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 157 Waste Management companies, Grupa RECYKL ranks worse than 61.15% on this metric.

As of today (2026-09-03), Grupa RECYKL's current share price is zł67.60. Grupa RECYKL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł33.42. Grupa RECYKL's Cyclically Adjusted PB Ratio for today is 2.02.

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

WAR:GRC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 2.82   Max: 4.93
Current: 2.07

During the past years, Grupa RECYKL's highest Cyclically Adjusted PB Ratio was 4.93. The lowest was 1.78. And the median was 2.82.

WAR:GRC's Cyclically Adjusted PB Ratio is ranked worse than
61.15% of 157 companies
in the Waste Management industry
Industry Median: 1.69 vs WAR:GRC: 2.07

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.

Grupa RECYKL's adjusted book value per share data for the three months ended in Jun. 2026 was zł47.838. 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 zł33.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupa RECYKL  (WAR:GRC) 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.


Grupa RECYKL Cyclically Adjusted PB Ratio Related Terms


Grupa RECYKL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupa RECYKL'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.

Grupa RECYKL Cyclically Adjusted PB Ratio Chart

Grupa RECYKL 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 4.26 2.38 3.77 2.80 2.20

Grupa RECYKL 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 2.24 2.34 2.20 1.66 1.93

WAR:GRC vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Grupa RECYKL'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.


Grupa RECYKL Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Grupa RECYKL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:GRC
89GF Score
Grupa RECYKL SA WAR:GRC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupa RECYKL 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.

Grupa RECYKL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67.60/33.42
=2.02

* 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.

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

For example, Grupa RECYKL'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)
=47.838/162.2800*162.2800
=47.838

Current CPI (Jun. 2026) = 162.2800.

Grupa RECYKL Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.845 99.064 17.766
201612 11.108 100.366 17.960
201703 11.769 101.018 18.906
201706 12.447 101.180 19.963
201709 13.447 101.343 21.533
201712 13.545 102.564 21.431
201803 14.019 102.564 22.181
201806 15.043 103.378 23.614
201809 16.232 103.378 25.481
201812 16.181 103.785 25.301
201903 16.607 104.274 25.845
201906 17.053 105.983 26.111
201909 18.382 105.983 28.146
201912 17.834 107.123 27.017
202003 18.697 109.076 27.817
202006 19.363 109.402 28.722
202009 21.051 109.320 31.249
202012 20.525 109.565 30.400
202103 22.033 112.658 31.738
202106 23.835 113.960 33.941
202109 27.377 115.588 38.436
202112 27.128 119.088 36.967
202203 28.391 125.031 36.849
202206 30.410 131.705 37.470
202209 30.895 135.531 36.993
202212 31.749 139.113 37.036
202303 32.836 145.950 36.510
202306 34.757 147.009 38.368
202309 35.982 146.113 39.963
202312 37.774 147.741 41.491
202403 38.582 149.044 42.008
202406 41.114 150.997 44.186
202409 43.163 153.439 45.650
202412 42.054 154.660 44.126
202503 40.440 157.021 41.794
202506 43.649 157.509 44.971
202509 46.190 158.000 47.441
202512 46.537 158.320 47.701
202603 45.988 163.070 45.765
202606 47.838 162.280 47.838

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 2.02 mean?
Grupa RECYKL (WAR:GRC) has a Cyclically Adjusted PB Ratio of 2.02 as of Sep. 03, 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 Grupa RECYKL and its competitors. This is 28% below median its historical median of 2.82. Over the past decade, Grupa RECYKL's Cyclically Adjusted PB Ratio has ranged from 1.78 to 4.93. According to the industry distribution chart, Grupa RECYKL ranks #96 out of 157 companies in the Waste Management industry, placing it in the top 61.1%.
Is Grupa RECYKL's Cyclically Adjusted PB Ratio too high?
Grupa RECYKL's current Cyclically Adjusted PB Ratio of 2.02 is 28% below median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 4.93. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.69. Grupa RECYKL's value of 2.02 is 19.5% above this industry median. Based on the distribution chart, Grupa RECYKL ranks #96 out of 157 companies in the Waste Management industry, which is below the industry midpoint. Overall, Grupa RECYKL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grupa RECYKL's Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Grupa RECYKL ranks #96 out of 157 companies for Cyclically Adjusted PB Ratio. This places Grupa RECYKL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Grupa RECYKL's value of 2.02 is 19.5% above this benchmark. Historically, Grupa RECYKL's own Cyclically Adjusted PB Ratio has ranged from 1.78 to 4.93 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 1.69, Grupa RECYKL 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 Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.69, based on 157 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. Grupa RECYKL's current Cyclically Adjusted PB Ratio of 2.02 is 19.5% 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 Grupa RECYKL and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupa RECYKL's current Cyclically Adjusted PB Ratio is 2.02, which is 28% below median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupa RECYKL stock overvalued right now?
Based on GuruFocus' analysis, Grupa RECYKL (WAR:GRC) is currently considered Modestly Undervalued. The stock's GF Value™ is zł80.52, compared to a current price of zł67.60 — trading 16% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.02, which is 28% below median its 10-year median of 2.82 and 19.5% above the Waste Management industry median of 1.69. Grupa RECYKL's overall GF Score™ is 89/100 with 6 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 Grupa RECYKL (WAR:GRC), the current Cyclically Adjusted PB Ratio is 2.02 as of Sep. 03, 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 Grupa RECYKL (WAR:GRC) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa RECYKL stock appears to be undervalued. The current stock price of zł67.60 is trading 16% below its estimated GF Value™ of zł80.52. GuruFocus considers Grupa RECYKL to be Modestly Undervalued.

Key valuation signals for WAR:GRC:

  • Cyclically Adjusted PB Ratio: 2.02 (28% below median its 10-year median of 2.82)
  • GF Value™: zł80.52 vs. price of zł67.60 (16% below fair value)
  • GF Score™: 89/100 with 6 warning signs
  • Industry Position: 19.5% above the Waste Management median (#96 of 157)

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


Grupa RECYKL Business Description

Address Srem Ulica Summer 3, Province Greater, POL, 63-100
Grupa RECYKL SA is engaged in waste management services in Poland. The company primarily involved in the recovery and recycling of worn tires. It also provides rubber granulates for burning in cement industries; rubber granulate with fibers and steel cords.
89GF Score

Get the complete analysis for WAR:GRC

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

zł67.60
Price
zł80.52
GF Value