Jastrzebska Spolka Weglowa (WAR:JSW) Cyclically Adjusted PB Ratio: 0.26 (As of Jul. 11, 2026) — 41% Below Median


WAR:JSW Jastrzebska Spolka Weglowa SA WAR:JSW
68 GF Score
Price zł25.12
GF Value zł21.38
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio?

Jastrzebska Spolka Weglowa WAR:JSW +0.44% 68 Cyclically Adjusted PB Ratio is 0.26 as of Jul. 11, 2026, which is 41% below its 10-year median of 0.44. GuruFocus rates WAR:JSW with a GF Score™ of 68/100 and a GF Value™ of zł21.38 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 137 Other Energy Sources companies, Jastrzebska Spolka Weglowa ranks better than 87.59% on this metric.

As of today (2026-07-11), Jastrzebska Spolka Weglowa's current share price is zł25.12. Jastrzebska Spolka Weglowa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł96.67. Jastrzebska Spolka Weglowa's Cyclically Adjusted PB Ratio for today is 0.26.

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

WAR:JSW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.44   Max: 1.09
Current: 0.26

During the past years, Jastrzebska Spolka Weglowa's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.22. And the median was 0.44.

WAR:JSW's Cyclically Adjusted PB Ratio is ranked better than
87.59% of 137 companies
in the Other Energy Sources industry
Industry Median: 1.09 vs WAR:JSW: 0.26

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.

Jastrzebska Spolka Weglowa's adjusted book value per share data for the three months ended in Mar. 2026 was zł20.708. 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 zł96.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jastrzebska Spolka Weglowa  (WAR:JSW) 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.


Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Related Terms


Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jastrzebska Spolka Weglowa'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.

Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Chart

Jastrzebska Spolka Weglowa 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 0.51 0.71 0.46 0.22 0.25

Jastrzebska Spolka Weglowa 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 0.24 0.22 0.24 0.25 0.36

Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, Jastrzebska Spolka Weglowa'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.


Jastrzebska Spolka Weglowa Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Jastrzebska Spolka Weglowa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:JSW
68GF Score
Jastrzebska Spolka Weglowa SA WAR:JSW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Jastrzebska Spolka Weglowa 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.

Jastrzebska Spolka Weglowa's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.12/96.67
=0.26

* 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.

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

For example, Jastrzebska Spolka Weglowa'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)
=20.708/163.0700*163.0700
=20.708

Current CPI (Mar. 2026) = 163.0700.

Jastrzebska Spolka Weglowa Quarterly Data

Book Value per Share CPI Adj_Book
201606 31.360 99.552 51.369
201609 30.252 99.064 49.798
201612 34.089 100.366 55.386
201703 40.230 101.018 64.942
201706 45.058 101.180 72.619
201709 48.018 101.343 77.265
201712 54.416 102.564 86.518
201803 60.771 102.564 96.622
201806 63.459 103.378 100.101
201809 66.575 103.378 105.016
201812 68.829 103.785 108.146
201903 72.229 104.274 112.957
201906 73.447 105.983 113.009
201909 72.982 105.983 112.293
201912 72.081 107.123 109.727
202003 69.845 109.076 104.419
202006 63.589 109.402 94.783
202009 62.674 109.320 93.489
202012 58.940 109.565 87.723
202103 57.213 112.658 82.815
202106 55.804 113.960 79.852
202109 57.804 115.588 81.549
202112 67.307 119.088 92.165
202203 82.563 125.031 107.682
202206 102.737 131.705 127.203
202209 120.524 135.531 145.014
202212 132.390 139.113 155.190
202303 143.263 145.950 160.067
202306 149.545 147.009 165.884
202309 138.991 146.113 155.121
202312 140.270 147.741 154.824
202403 140.179 149.044 153.371
202406 89.315 150.997 96.456
202409 86.806 153.439 92.255
202412 79.098 154.660 83.399
202503 67.746 157.021 70.356
202506 61.440 157.509 63.609
202509 54.559 158.000 56.310
202512 26.042 158.320 26.823
202603 20.708 163.070 20.708

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 0.26 mean?
Jastrzebska Spolka Weglowa (WAR:JSW) has a Cyclically Adjusted PB Ratio of 0.26 as of Jul. 11, 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 Jastrzebska Spolka Weglowa and its competitors. This is 41% below median its historical median of 0.44. Over the past decade, Jastrzebska Spolka Weglowa's Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.09. According to the industry distribution chart, Jastrzebska Spolka Weglowa ranks #17 out of 137 companies in the Other Energy Sources industry, placing it in the top 12.4%.
Is Jastrzebska Spolka Weglowa's Cyclically Adjusted PB Ratio too high?
Jastrzebska Spolka Weglowa's current Cyclically Adjusted PB Ratio of 0.26 is 41% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.09. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.09. Jastrzebska Spolka Weglowa's value of 0.26 is 76.1% below this industry median. Based on the distribution chart, Jastrzebska Spolka Weglowa ranks #17 out of 137 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Jastrzebska Spolka Weglowa has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jastrzebska Spolka Weglowa's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Jastrzebska Spolka Weglowa ranks #17 out of 137 companies for Cyclically Adjusted PB Ratio. This places Jastrzebska Spolka Weglowa in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.09. Jastrzebska Spolka Weglowa's value of 0.26 is 76.1% below this benchmark. Historically, Jastrzebska Spolka Weglowa's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.09 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 1.09, Jastrzebska Spolka Weglowa 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 an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.09, based on 137 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. Jastrzebska Spolka Weglowa's current Cyclically Adjusted PB Ratio of 0.26 is 76.1% 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 Jastrzebska Spolka Weglowa and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jastrzebska Spolka Weglowa's current Cyclically Adjusted PB Ratio is 0.26, which is 41% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jastrzebska Spolka Weglowa stock overvalued right now?
Based on GuruFocus' analysis, Jastrzebska Spolka Weglowa (WAR:JSW) is currently considered Modestly Overvalued. The stock's GF Value™ is zł21.38, compared to a current price of zł25.12 — trading 17.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.26, which is 41% below median its 10-year median of 0.44 and 76.1% below the Other Energy Sources industry median of 1.09. Jastrzebska Spolka Weglowa's overall GF Score™ is 68/100 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 Jastrzebska Spolka Weglowa (WAR:JSW), the current Cyclically Adjusted PB Ratio is 0.26 as of Jul. 11, 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 Jastrzebska Spolka Weglowa (WAR:JSW) Overvalued in 2026?

Based on GuruFocus' analysis, Jastrzebska Spolka Weglowa stock appears to be overvalued. The current stock price of zł25.12 is trading 17.5% above its estimated GF Value™ of zł21.38. GuruFocus considers Jastrzebska Spolka Weglowa to be Modestly Overvalued.

Key valuation signals for WAR:JSW:

  • Cyclically Adjusted PB Ratio: 0.26 (41% below median its 10-year median of 0.44)
  • GF Value™: zł21.38 vs. price of zł25.12 (17.5% above fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 76.1% below the Other Energy Sources median (#17 of 137)

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


Jastrzebska Spolka Weglowa Business Description

Other Exchanges J2S:Germany
Address Al. Jana Pawła II 4, Jastrzebie Zdroj, POL, 44-330
Jastrzebska Spolka Weglowa SA is a coal producer based in Poland and one of the European Union's producers. The company predominantly produces hard coking coal which is an essential component in the production of steel, and in its coking plants, the company processes approximately half of the coking coal it produces. Additionally, the company is engaged in natural gas mining and generation, transmission and distribution of electricity. The company's products are sold domestically as well as to Germany, Austria, the Czech Republic, Slovakia, Romania and Hungary.
68GF Score

Get the complete analysis for WAR:JSW

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

zł25.12
Price
zł21.38
GF Value