IMS (WAR:IMS) Cyclically Adjusted PB Ratio: 2.30 (As of Sep. 15, 2026) — 42% Below Median

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WAR:IMS IMS SA WAR:IMS
83 GF Score
Price zł2.47
GF Value zł3.79
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is IMS Cyclically Adjusted PB Ratio?

IMS WAR:IMS +5.78% 83 Cyclically Adjusted PB Ratio is 2.30 as of Sep. 15, 2026, which is 42% below its 10-year median of 3.98. GuruFocus rates WAR:IMS with a GF Score™ of 83/100 and a GF Value™ of zł3.79 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 652 Media - Diversified companies, IMS ranks worse than 77.3% on this metric.

As of today (2026-09-15), IMS's current share price is zł2.47. IMS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł1.08. IMS's Cyclically Adjusted PB Ratio for today is 2.30.

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

WAR:IMS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.94   Med: 3.98   Max: 6.38
Current: 2.3

During the past years, IMS's highest Cyclically Adjusted PB Ratio was 6.38. The lowest was 1.94. And the median was 3.98.

WAR:IMS's Cyclically Adjusted PB Ratio is ranked worse than
77.3% of 652 companies
in the Media - Diversified industry
Industry Median: 1 vs WAR:IMS: 2.30

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.

IMS's adjusted book value per share data for the three months ended in Mar. 2026 was zł1.509. 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 zł1.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IMS  (WAR:IMS) 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.


IMS Cyclically Adjusted PB Ratio Related Terms


IMS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IMS'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.

IMS Cyclically Adjusted PB Ratio Chart

IMS 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 4.66 3.39 5.28 3.97 2.36

IMS 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 3.72 3.98 2.86 2.47 1.86

WAR:IMS vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, IMS'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.


IMS Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, IMS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:IMS
83GF Score
IMS SA WAR:IMS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IMS 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.

IMS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.47/1.076
=2.30

* 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.

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

For example, IMS'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)
=1.509/163.0700*163.0700
=1.509

Current CPI (Mar. 2026) = 163.0700.

IMS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.465 99.552 0.762
201609 0.488 99.064 0.803
201612 0.562 100.366 0.913
201703 0.593 101.018 0.957
201706 0.531 101.180 0.856
201709 0.539 101.343 0.867
201712 0.629 102.564 1.000
201803 0.701 102.564 1.115
201806 0.461 103.378 0.727
201809 0.466 103.378 0.735
201812 0.573 103.785 0.900
201903 0.645 104.274 1.009
201906 0.536 105.983 0.825
201909 0.589 105.983 0.906
201912 0.633 107.123 0.964
202003 0.622 109.076 0.930
202006 0.637 109.402 0.949
202009 0.627 109.320 0.935
202012 0.642 109.565 0.956
202103 0.660 112.658 0.955
202106 0.677 113.960 0.969
202109 0.717 115.588 1.012
202112 0.837 119.088 1.146
202203 0.885 125.031 1.154
202206 0.751 131.705 0.930
202209 0.813 135.531 0.978
202212 0.948 139.113 1.111
202303 1.008 145.950 1.126
202306 0.897 147.009 0.995
202309 1.025 146.113 1.144
202312 1.309 147.741 1.445
202403 1.362 149.044 1.490
202406 1.184 150.997 1.279
202409 1.386 153.439 1.473
202412 1.456 154.660 1.535
202503 1.480 157.021 1.537
202506 1.529 157.509 1.583
202509 1.455 158.000 1.502
202512 0.000 158.320 0.000
202603 1.509 163.070 1.509

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 2.30 mean?
IMS (WAR:IMS) has a Cyclically Adjusted PB Ratio of 2.30 as of Sep. 15, 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 IMS and its competitors. This is 42% below median its historical median of 3.98. Over the past decade, IMS's Cyclically Adjusted PB Ratio has ranged from 1.94 to 6.38. According to the industry distribution chart, IMS ranks #504 out of 652 companies in the Media - Diversified industry, placing it in the top 77.3%.
Is IMS's Cyclically Adjusted PB Ratio too high?
IMS's current Cyclically Adjusted PB Ratio of 2.30 is 42% below median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 6.38. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.00. IMS's value of 2.30 is 130% above this industry median. Based on the distribution chart, IMS ranks #504 out of 652 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, IMS has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IMS's Cyclically Adjusted PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, IMS ranks #504 out of 652 companies for Cyclically Adjusted PB Ratio. This places IMS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. IMS's value of 2.30 is 130% above this benchmark. Historically, IMS's own Cyclically Adjusted PB Ratio has ranged from 1.94 to 6.38 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 1.00, IMS 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.00, based on 652 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. IMS's current Cyclically Adjusted PB Ratio of 2.30 is 130% 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 IMS and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMS's current Cyclically Adjusted PB Ratio is 2.30, which is 42% below median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMS stock overvalued right now?
Based on GuruFocus' analysis, IMS (WAR:IMS) is currently considered Significantly Undervalued. The stock's GF Value™ is zł3.79, compared to a current price of zł2.47 — trading 34.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.30, which is 42% below median its 10-year median of 3.98 and 130% above the Media - Diversified industry median of 1.00. IMS's overall GF Score™ is 83/100 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 IMS (WAR:IMS), the current Cyclically Adjusted PB Ratio is 2.30 as of Sep. 15, 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 IMS (WAR:IMS) Overvalued in 2026?

Based on GuruFocus' analysis, IMS stock appears to be undervalued. The current stock price of zł2.47 is trading 34.8% below its estimated GF Value™ of zł3.79. GuruFocus considers IMS to be Significantly Undervalued.

Key valuation signals for WAR:IMS:

  • Cyclically Adjusted PB Ratio: 2.30 (42% below median its 10-year median of 3.98)
  • GF Value™: zł3.79 vs. price of zł2.47 (34.8% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 130% above the Media - Diversified median (#504 of 652)

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


IMS Business Description

Address Ulica Pu?awska 366, Warsaw, POL, 02-819
IMS SA offers sensory marketing services in Poland. The company operates in the media and modern technology segment. The company's services include Audio marketing, Digital Signage, Scent marketing, Event marketing, Technology and development for sensory marketing.
83GF Score

Get the complete analysis for WAR:IMS

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

zł2.47
Price
zł3.79
GF Value