Investeko (WAR:IVE) Cyclically Adjusted PB Ratio: 1.33 (As of Jul. 17, 2026) — Near Median

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:IVE Investeko SA WAR:IVE
67 GF Score
Price zł2.20
GF Value zł2.88
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Investeko Cyclically Adjusted PB Ratio?

Investeko WAR:IVE +6.80% 67 Cyclically Adjusted PB Ratio is 1.33 as of Jul. 17, 2026, which is at its 10-year median of 1.33. GuruFocus rates WAR:IVE with a GF Score™ of 67/100 and a GF Value™ of zł2.88 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 161 Waste Management companies, Investeko ranks better than 57.14% on this metric.

As of today (2026-07-17), Investeko's current share price is zł2.20. Investeko's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł1.65. Investeko's Cyclically Adjusted PB Ratio for today is 1.33.

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

WAR:IVE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.33   Max: 2.07
Current: 1.25

During the past years, Investeko's highest Cyclically Adjusted PB Ratio was 2.07. The lowest was 0.92. And the median was 1.33.

WAR:IVE's Cyclically Adjusted PB Ratio is ranked better than
57.14% of 161 companies
in the Waste Management industry
Industry Median: 1.63 vs WAR:IVE: 1.25

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.

Investeko's adjusted book value per share data for the three months ended in Mar. 2026 was zł1.285. 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 zł1.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Investeko  (WAR:IVE) 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.


Investeko Cyclically Adjusted PB Ratio Related Terms


Investeko Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Investeko'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.

Investeko Cyclically Adjusted PB Ratio Chart

Investeko 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 0.00 0.00 1.26 0.98 1.22

Investeko 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 1.46 1.56 1.45 1.22 1.34

WAR:IVE vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Investeko'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.


Investeko Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Investeko's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:IVE
67GF Score
Investeko SA WAR:IVE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Investeko 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.20/1.65
=1.33

* 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.

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

For example, Investeko'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)
=1.285/163.0700*163.0700
=1.285

Current CPI (Mar. 2026) = 163.0700.

Investeko Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 99.552 0.000
201609 0.971 99.064 1.598
201612 0.920 100.366 1.495
201703 0.887 101.018 1.432
201706 0.948 101.180 1.528
201709 0.908 101.343 1.461
201712 1.036 102.564 1.647
201803 1.200 102.564 1.908
201806 1.308 103.378 2.063
201809 1.202 103.378 1.896
201812 0.982 103.785 1.543
201903 1.069 104.274 1.672
201906 0.958 105.983 1.474
201909 0.973 105.983 1.497
201912 1.047 107.123 1.594
202003 1.084 109.076 1.621
202006 1.100 109.402 1.640
202009 1.147 109.320 1.711
202012 1.303 109.565 1.939
202103 1.349 112.658 1.953
202106 1.388 113.960 1.986
202109 1.422 115.588 2.006
202112 1.524 119.088 2.087
202203 1.584 125.031 2.066
202206 1.639 131.705 2.029
202209 1.636 135.531 1.968
202212 1.551 139.113 1.818
202303 1.638 145.950 1.830
202306 1.529 147.009 1.696
202309 1.494 146.113 1.667
202312 1.318 147.741 1.455
202403 1.463 149.044 1.601
202406 1.245 150.997 1.345
202409 1.215 153.439 1.291
202412 1.270 154.660 1.339
202503 1.354 157.021 1.406
202506 1.234 157.509 1.278
202509 1.194 158.000 1.232
202512 1.074 158.320 1.106
202603 1.285 163.070 1.285

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 1.33 mean?
Investeko (WAR:IVE) has a Cyclically Adjusted PB Ratio of 1.33 as of Jul. 17, 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 Investeko and its competitors. This is near median its historical median of 1.33. Over the past decade, Investeko's Cyclically Adjusted PB Ratio has ranged from 0.92 to 2.07. According to the industry distribution chart, Investeko ranks #69 out of 161 companies in the Waste Management industry, placing it in the top 42.9%.
Is Investeko's Cyclically Adjusted PB Ratio too high?
Investeko's current Cyclically Adjusted PB Ratio of 1.33 is near median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.07. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.63. Investeko's value of 1.33 is 18.4% below this industry median. Based on the distribution chart, Investeko ranks #69 out of 161 companies in the Waste Management industry, which is above the industry midpoint. Overall, Investeko has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Investeko's Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Investeko ranks #69 out of 161 companies for Cyclically Adjusted PB Ratio. This puts Investeko in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. Investeko's value of 1.33 is 18.4% below this benchmark. Historically, Investeko's own Cyclically Adjusted PB Ratio has ranged from 0.92 to 2.07 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.63, Investeko 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 Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.63, based on 161 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. Investeko's current Cyclically Adjusted PB Ratio of 1.33 is 18.4% 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 Investeko and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investeko's current Cyclically Adjusted PB Ratio is 1.33, which is near median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investeko stock overvalued right now?
Based on GuruFocus' analysis, Investeko (WAR:IVE) is currently considered Modestly Undervalued. The stock's GF Value™ is zł2.88, compared to a current price of zł2.20 — trading 23.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.33, which is near median its 10-year median of 1.33 and 18.4% below the Waste Management industry median of 1.63. Investeko's overall GF Score™ is 67/100 with 3 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 Investeko (WAR:IVE), the current Cyclically Adjusted PB Ratio is 1.33 as of Jul. 17, 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 Investeko (WAR:IVE) Overvalued in 2026?

Based on GuruFocus' analysis, Investeko stock appears to be undervalued. The current stock price of zł2.20 is trading 23.6% below its estimated GF Value™ of zł2.88. GuruFocus considers Investeko to be Modestly Undervalued.

Key valuation signals for WAR:IVE:

  • Cyclically Adjusted PB Ratio: 1.33 (near median its 10-year median of 1.33)
  • GF Value™: zł2.88 vs. price of zł2.20 (23.6% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 18.4% below the Waste Management median (#69 of 161)

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


Investeko Business Description

Address Wojska Polskiego 16G, Swietochlowice, POL, 41-600
Investeko SA offers design solutions for environmental investments. The company offers services such as Energy from waste, Environmental expertise, Designing, Noise measurement, Environmental Outsourcing, Land Reclamation, and Waste Recovery.
67GF Score

Get the complete analysis for WAR:IVE

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

zł2.20
Price
zł2.88
GF Value