Igoria Trade (WAR:IGT) Cyclically Adjusted PB Ratio: 1.75 (As of Aug. 03, 2026) — 48% Above Median

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WAR:IGT Igoria Trade SA WAR:IGT
35 GF Score
Price zł0.51
GF Value zł0.32
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Igoria Trade Cyclically Adjusted PB Ratio?

Igoria Trade WAR:IGT -3.79% 35 Cyclically Adjusted PB Ratio is 1.75 as of Aug. 03, 2026, which is 48% above its 10-year median of 1.18. GuruFocus rates WAR:IGT with a GF Score™ of 35/100 and a GF Value™ of zł0.32 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 616 Capital Markets companies, Igoria Trade ranks worse than 58.44% on this metric.

As of today (2026-08-03), Igoria Trade's current share price is zł0.508. Igoria Trade's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.29. Igoria Trade's Cyclically Adjusted PB Ratio for today is 1.75.

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

WAR:IGT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 1.18   Max: 2.27
Current: 1.76

During the past years, Igoria Trade's highest Cyclically Adjusted PB Ratio was 2.27. The lowest was 0.66. And the median was 1.18.

WAR:IGT's Cyclically Adjusted PB Ratio is ranked worse than
58.44% of 616 companies
in the Capital Markets industry
Industry Median: 1.3 vs WAR:IGT: 1.76

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.

Igoria Trade's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.302. 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 zł0.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Igoria Trade  (WAR:IGT) 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.


Igoria Trade Cyclically Adjusted PB Ratio Related Terms


Igoria Trade Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Igoria Trade'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.

Igoria Trade Cyclically Adjusted PB Ratio Chart

Igoria Trade 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 1.68 1.44 1.16 0.89 0.78

Igoria Trade 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 0.71 0.77 0.86 0.78 0.68

WAR:IGT vs SPGI, CME, ICE: Cyclically Adjusted PB Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Igoria Trade'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.


Igoria Trade Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


WAR:IGT
35GF Score
Igoria Trade SA WAR:IGT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Igoria Trade 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.

Igoria Trade's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.508/0.29
=1.75

* 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.

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

For example, Igoria Trade'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)
=0.302/163.0700*163.0700
=0.302

Current CPI (Mar. 2026) = 163.0700.

Igoria Trade Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.111 99.552 0.182
201609 0.109 99.064 0.179
201612 0.123 100.366 0.200
201703 0.155 101.018 0.250
201706 0.145 101.180 0.234
201709 0.129 101.343 0.208
201712 0.162 102.564 0.258
201803 0.162 102.564 0.258
201806 0.306 103.378 0.483
201809 0.299 103.378 0.472
201812 0.284 103.785 0.446
201903 0.276 104.274 0.432
201906 0.278 105.983 0.428
201909 0.267 105.983 0.411
201912 0.261 107.123 0.397
202003 0.252 109.076 0.377
202006 0.224 109.402 0.334
202009 0.204 109.320 0.304
202012 0.187 109.565 0.278
202103 0.176 112.658 0.255
202106 0.171 113.960 0.245
202109 0.168 115.588 0.237
202112 0.177 119.088 0.242
202203 0.184 125.031 0.240
202206 0.194 131.705 0.240
202209 0.209 135.531 0.251
202212 0.221 139.113 0.259
202303 0.160 145.950 0.179
202306 0.244 147.009 0.271
202309 0.241 146.113 0.269
202312 0.278 147.741 0.307
202403 0.262 149.044 0.287
202406 0.266 150.997 0.287
202409 0.252 153.439 0.268
202412 0.256 154.660 0.270
202503 0.264 157.021 0.274
202506 0.270 157.509 0.280
202509 0.269 158.000 0.278
202512 0.271 158.320 0.279
202603 0.302 163.070 0.302

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 1.75 mean?
Igoria Trade (WAR:IGT) has a Cyclically Adjusted PB Ratio of 1.75 as of Aug. 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 Igoria Trade and its competitors. This is 48% above median its historical median of 1.18. Over the past decade, Igoria Trade's Cyclically Adjusted PB Ratio has ranged from 0.66 to 2.27. According to the industry distribution chart, Igoria Trade ranks #360 out of 616 companies in the Capital Markets industry, placing it in the top 58.4%.
Is Igoria Trade's Cyclically Adjusted PB Ratio too high?
Igoria Trade's current Cyclically Adjusted PB Ratio of 1.75 is 48% above median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 2.27. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.30. Igoria Trade's value of 1.75 is 34.6% above this industry median. Based on the distribution chart, Igoria Trade ranks #360 out of 616 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Igoria Trade has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Igoria Trade's Cyclically Adjusted PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Igoria Trade ranks #360 out of 616 companies for Cyclically Adjusted PB Ratio. This places Igoria Trade in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.30. Igoria Trade's value of 1.75 is 34.6% above this benchmark. Historically, Igoria Trade's own Cyclically Adjusted PB Ratio has ranged from 0.66 to 2.27 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.30, Igoria Trade 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.30, based on 616 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. Igoria Trade's current Cyclically Adjusted PB Ratio of 1.75 is 34.6% 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 Igoria Trade and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Igoria Trade's current Cyclically Adjusted PB Ratio is 1.75, which is 48% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Igoria Trade stock overvalued right now?
Based on GuruFocus' analysis, Igoria Trade (WAR:IGT) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.32, compared to a current price of zł0.51 — trading 58.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.75, which is 48% above median its 10-year median of 1.18 and 34.6% above the Capital Markets industry median of 1.30. Igoria Trade's overall GF Score™ is 35/100 with 5 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 Igoria Trade (WAR:IGT), the current Cyclically Adjusted PB Ratio is 1.75 as of Aug. 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 Igoria Trade (WAR:IGT) Overvalued in 2026?

Based on GuruFocus' analysis, Igoria Trade stock appears to be overvalued. The current stock price of zł0.51 is trading 58.8% above its estimated GF Value™ of zł0.32. GuruFocus considers Igoria Trade to be Significantly Overvalued.

Key valuation signals for WAR:IGT:

  • Cyclically Adjusted PB Ratio: 1.75 (48% above median its 10-year median of 1.18)
  • GF Value™: zł0.32 vs. price of zł0.51 (58.8% above fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 34.6% above the Capital Markets median (#360 of 616)

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


Igoria Trade Business Description

Address Ulica Pulawska 111A/109, Warszawa, POL, 02-707
Igoria Trade SA is a financial services company. The company provides international advisory, consulting, and payment processing services to companies and individuals. Additionally, it offers services such as transfers and escrow accounts.
35GF Score

Get the complete analysis for WAR:IGT

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

zł0.51
Price
zł0.32
GF Value