IDM (WAR:IDM) Cyclically Adjusted PB Ratio: (As of Jul. 27, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:IDM IDM SA WAR:IDM
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What is IDM Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IDM  (WAR:IDM) 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.


IDM Cyclically Adjusted PB Ratio Related Terms


IDM Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IDM'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.

IDM Cyclically Adjusted PB Ratio Chart

IDM Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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IDM Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

WAR:IDM vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, IDM'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.


IDM Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IDM's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:IDM
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IDM SA WAR:IDM
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IDM 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.021/163.0700*163.0700
=-0.021

Current CPI (Mar. 2026) = 163.0700.

IDM Quarterly Data

Book Value per Share CPI Adj_Book
201606 -15.832 99.552 -25.933
201609 -15.569 99.064 -25.628
201612 -13.394 100.366 -21.762
201703 -13.852 101.018 -22.361
201706 -18.623 101.180 -30.014
201709 -18.519 101.343 -29.799
201712 -18.725 102.564 -29.771
201803 -20.149 102.564 -32.036
201806 -19.507 103.378 -30.771
201809 -19.904 103.378 -31.397
201812 -21.893 103.785 -34.399
201903 -20.816 104.274 -32.553
201906 -21.075 105.983 -32.427
201909 -1.169 105.983 -1.799
201912 -1.601 107.123 -2.437
202003 -1.492 109.076 -2.231
202006 -0.050 109.402 -0.075
202009 -0.027 109.320 -0.040
202012 0.050 109.565 0.074
202103 0.119 112.658 0.172
202106 0.054 113.960 0.077
202109 -0.014 115.588 -0.020
202112 0.011 119.088 0.015
202203 -0.023 125.031 -0.030
202206 -0.007 131.705 -0.009
202209 0.014 135.531 0.017
202212 0.014 139.113 0.016
202303 0.015 145.950 0.017
202306 -0.007 147.009 -0.008
202309 0.015 146.113 0.017
202312 -0.019 147.741 -0.021
202403 -0.013 149.044 -0.014
202406 -0.004 150.997 -0.004
202409 0.002 153.439 0.002
202412 0.009 154.660 0.009
202503 0.012 157.021 0.012
202506 0.022 157.509 0.023
202509 0.018 158.000 0.019
202512 0.000 158.320 0.000
202603 -0.021 163.070 -0.021

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.


IDM Business Description

Address Jozefitow 7/2, Krakow, POL, 30-039
IDM SA provides advisory services to support companies in raising capital through alternatives to bank financing. Its activities include advising on financing options, capital market transactions, private market transactions, pre-IPO processes, listings on the Warsaw Stock Exchange, and securities issuances.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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