IDH Development (WAR:IDH) Cyclically Adjusted PB Ratio: 0.77 (As of Sep. 03, 2026) — Near Median

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WAR:IDH IDH Development SA WAR:IDH
66 GF Score
Price zł2.62
GF Value zł3.80
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is IDH Development Cyclically Adjusted PB Ratio?

IDH Development WAR:IDH +3.97% 66 Cyclically Adjusted PB Ratio is 0.77 as of Sep. 03, 2026, which is 7% above its 10-year median of 0.72. GuruFocus rates WAR:IDH with a GF Score™ of 66/100 and a GF Value™ of zł3.80 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,237 Construction companies, IDH Development ranks better than 66.69% on this metric.

As of today (2026-09-03), IDH Development's current share price is zł2.62. IDH Development's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł3.39. IDH Development's Cyclically Adjusted PB Ratio for today is 0.77.

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

WAR:IDH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.72   Max: 2.07
Current: 0.77

During the past years, IDH Development's highest Cyclically Adjusted PB Ratio was 2.07. The lowest was 0.37. And the median was 0.72.

WAR:IDH's Cyclically Adjusted PB Ratio is ranked better than
66.69% of 1237 companies
in the Construction industry
Industry Median: 1.16 vs WAR:IDH: 0.77

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.

IDH Development's adjusted book value per share data for the three months ended in Jun. 2026 was zł0.269. 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 zł3.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IDH Development  (WAR:IDH) 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.


IDH Development Cyclically Adjusted PB Ratio Related Terms


IDH Development Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IDH Development'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.

IDH Development Cyclically Adjusted PB Ratio Chart

IDH Development 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 0.41 0.66 0.76 0.41 0.72

IDH Development 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 0.55 0.81 0.72 0.43 1.07

WAR:IDH vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, IDH Development'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.


IDH Development Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, IDH Development's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:IDH
66GF Score
IDH Development SA WAR:IDH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IDH Development 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.

IDH Development's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.62/3.39
=0.77

* 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.

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

For example, IDH Development'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)
=0.269/162.2800*162.2800
=0.269

Current CPI (Jun. 2026) = 162.2800.

IDH Development Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.868 99.064 -1.422
201612 -0.174 100.366 -0.281
201703 -0.175 101.018 -0.281
201706 -0.178 101.180 -0.285
201709 -0.182 101.343 -0.291
201712 -0.215 102.564 -0.340
201803 -0.192 102.564 -0.304
201806 -0.200 103.378 -0.314
201809 6.490 103.378 10.188
201812 17.689 103.785 27.659
201903 19.539 104.274 30.408
201906 20.797 105.983 31.844
201909 3.864 105.983 5.917
201912 3.444 107.123 5.217
202003 4.996 109.076 7.433
202006 3.963 109.402 5.878
202009 3.552 109.320 5.273
202012 3.777 109.565 5.594
202103 4.437 112.658 6.391
202106 4.453 113.960 6.341
202109 3.148 115.588 4.420
202112 -1.994 119.088 -2.717
202203 1.319 125.031 1.712
202206 -2.373 131.705 -2.924
202209 -2.584 135.531 -3.094
202212 -6.244 139.113 -7.284
202303 -2.634 145.950 -2.929
202306 0.018 147.009 0.020
202309 0.227 146.113 0.252
202312 0.467 147.741 0.513
202403 0.258 149.044 0.281
202406 0.452 150.997 0.486
202409 0.431 153.439 0.456
202412 0.189 154.660 0.198
202503 0.521 157.021 0.538
202506 0.239 157.509 0.246
202509 0.217 158.000 0.223
202512 0.233 158.320 0.239
202603 0.252 163.070 0.251
202606 0.269 162.280 0.269

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 0.77 mean?
IDH Development (WAR:IDH) has a Cyclically Adjusted PB Ratio of 0.77 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 IDH Development and its competitors. This is near median its historical median of 0.72. Over the past decade, IDH Development's Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.07. According to the industry distribution chart, IDH Development ranks #412 out of 1237 companies in the Construction industry, placing it in the top 33.3%.
Is IDH Development's Cyclically Adjusted PB Ratio too high?
IDH Development's current Cyclically Adjusted PB Ratio of 0.77 is near median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.07. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. IDH Development's value of 0.77 is 33.6% below this industry median. Based on the distribution chart, IDH Development ranks #412 out of 1237 companies in the Construction industry, which is above the industry midpoint. Overall, IDH Development has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IDH Development's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, IDH Development ranks #412 out of 1237 companies for Cyclically Adjusted PB Ratio. This puts IDH Development in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. IDH Development's value of 0.77 is 33.6% below this benchmark. Historically, IDH Development's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.07 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.16, IDH Development 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,237 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. IDH Development's current Cyclically Adjusted PB Ratio of 0.77 is 33.6% 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 IDH Development and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IDH Development's current Cyclically Adjusted PB Ratio is 0.77, which is near median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IDH Development stock overvalued right now?
Based on GuruFocus' analysis, IDH Development (WAR:IDH) is currently considered Possible Value Trap. The stock's GF Value™ is zł3.80, compared to a current price of zł2.62 — trading 31.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.77, which is near median its 10-year median of 0.72 and 33.6% below the Construction industry median of 1.16. IDH Development's overall GF Score™ is 66/100 with 1 warning sign 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 IDH Development (WAR:IDH), the current Cyclically Adjusted PB Ratio is 0.77 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 IDH Development (WAR:IDH) Overvalued in 2026?

Based on GuruFocus' analysis, IDH Development stock appears to be undervalued. The current stock price of zł2.62 is trading 31.1% below its estimated GF Value™ of zł3.80. GuruFocus considers IDH Development to be Possible Value Trap.

Key valuation signals for WAR:IDH:

  • Cyclically Adjusted PB Ratio: 0.77 (near median its 10-year median of 0.72)
  • GF Value™: zł3.80 vs. price of zł2.62 (31.1% below fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 33.6% below the Construction median (#412 of 1237)

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


IDH Development Business Description

Address Ulica Jana III Sobieskiego 104 lok. 44, Warsaw, POL, 00-764
IDH Development SA is engaged in the implementation of activities in the field of construction works.
66GF Score

Get the complete analysis for WAR:IDH

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

zł2.62
Price
zł3.80
GF Value