Globe Trade Centre (WAR:GTC) Cyclically Adjusted PB Ratio: (As of Sep. 03, 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:GTC Globe Trade Centre SA WAR:GTC
51 GF Score
Price zł2.58
GF Value zł5.17
Valuation Possible Value Trap
! 8 Warning Signs
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What is Globe Trade Centre Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Globe Trade Centre  (WAR:GTC) 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.


Globe Trade Centre Cyclically Adjusted PB Ratio Related Terms


Globe Trade Centre Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Globe Trade Centre'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.

Globe Trade Centre Cyclically Adjusted PB Ratio Chart

Globe Trade Centre 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 0.68 0.57 0.40 0.36 0.28

Globe Trade Centre 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 0.37 0.38 0.28 0.22 0.00

WAR:GTC vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Globe Trade Centre'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.


Globe Trade Centre Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Globe Trade Centre's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:GTC
51GF Score
Globe Trade Centre SA WAR:GTC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Globe Trade Centre 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.

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

For example, Globe Trade Centre'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)
=7.327/162.2800*162.2800
=7.327

Current CPI (Jun. 2026) = 162.2800.

Globe Trade Centre Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.700 99.064 10.976
201612 6.739 100.366 10.896
201703 7.123 101.018 11.443
201706 7.493 101.180 12.018
201709 8.437 101.343 13.510
201712 8.804 102.564 13.930
201803 9.395 102.564 14.865
201806 8.753 103.378 13.740
201809 8.953 103.378 14.054
201812 8.923 103.785 13.952
201903 9.026 104.274 14.047
201906 8.845 105.983 13.543
201909 8.705 105.983 13.329
201912 8.926 107.123 13.522
202003 8.868 109.076 13.194
202006 8.712 109.402 12.923
202009 9.198 109.320 13.654
202012 8.959 109.565 13.270
202103 8.766 112.658 12.627
202106 9.021 113.960 12.846
202109 8.885 115.588 12.474
202112 9.563 119.088 13.031
202203 8.034 125.031 10.428
202206 7.917 131.705 9.755
202209 7.320 135.531 8.765
202212 7.666 139.113 8.943
202303 7.817 145.950 8.692
202306 7.622 147.009 8.414
202309 7.552 146.113 8.388
202312 7.813 147.741 8.582
202403 7.824 149.044 8.519
202406 7.698 150.997 8.273
202409 7.968 153.439 8.427
202412 7.679 154.660 8.057
202503 7.929 157.021 8.195
202506 8.455 157.509 8.711
202509 8.459 158.000 8.688
202512 7.513 158.320 7.701
202603 7.362 163.070 7.326
202606 7.327 162.280 7.327

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.

Is Globe Trade Centre (WAR:GTC) Overvalued in 2026?

Based on GuruFocus' analysis, Globe Trade Centre stock appears to be undervalued. The current stock price of zł2.58 is trading 50.1% below its estimated GF Value™ of zł5.17. GuruFocus considers Globe Trade Centre to be Possible Value Trap.

Key valuation signals for WAR:GTC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł5.17 vs. price of zł2.58 (50.1% below fair value)
  • GF Score™: 51/100 with 8 warning signs

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


Globe Trade Centre Business Description

Other Exchanges G91:Germany
Address Komitetu Obrony Robotnikow 45A, Nothus Building, Warsaw, POL, 02-146
Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Hungary, Germany, Bucharest, Belgrade, Sofia, Zagreb, and others. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, the company generates key revenue from Poland, and the remaining is made up of other geographic areas.
51GF Score

Get the complete analysis for WAR:GTC

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

zł2.58
Price
zł5.17
GF Value