Grupa Klepsydra (WAR:KLE) Cyclically Adjusted PB Ratio: 4.40 (As of Jul. 20, 2026) — 31% Below 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:KLE Grupa Klepsydra SA WAR:KLE
61 GF Score
Price zł7.00
GF Value zł9.06
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Grupa Klepsydra Cyclically Adjusted PB Ratio?

Grupa Klepsydra WAR:KLE 61 Cyclically Adjusted PB Ratio is 4.40 as of Jul. 20, 2026, which is 31% below its 10-year median of 6.40. GuruFocus rates WAR:KLE with a GF Score™ of 61/100 and a GF Value™ of zł9.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 66 Personal Services companies, Grupa Klepsydra ranks worse than 83.33% on this metric.

As of today (2026-07-20), Grupa Klepsydra's current share price is zł7.00. Grupa Klepsydra's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł1.59. Grupa Klepsydra's Cyclically Adjusted PB Ratio for today is 4.40.

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

WAR:KLE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.4   Med: 6.4   Max: 18.19
Current: 4.4

During the past years, Grupa Klepsydra's highest Cyclically Adjusted PB Ratio was 18.19. The lowest was 4.40. And the median was 6.40.

WAR:KLE's Cyclically Adjusted PB Ratio is ranked worse than
83.33% of 66 companies
in the Personal Services industry
Industry Median: 1.68 vs WAR:KLE: 4.40

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.

Grupa Klepsydra's adjusted book value per share data for the three months ended in Mar. 2026 was zł3.664. 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 zł1.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupa Klepsydra  (WAR:KLE) 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.


Grupa Klepsydra Cyclically Adjusted PB Ratio Related Terms


Grupa Klepsydra Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupa Klepsydra'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.

Grupa Klepsydra Cyclically Adjusted PB Ratio Chart

Grupa Klepsydra 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 5.04 17.06 9.27 8.25 5.08

Grupa Klepsydra 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 5.97 5.53 4.86 5.08 4.96

WAR:KLE vs ROL, SCI, FTDR: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, Grupa Klepsydra'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.


Grupa Klepsydra Cyclically Adjusted PB Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Grupa Klepsydra's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:KLE
61GF Score
Grupa Klepsydra SA WAR:KLE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupa Klepsydra 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.

Grupa Klepsydra's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.00/1.59
=4.40

* 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.

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

For example, Grupa Klepsydra'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)
=3.664/163.0700*163.0700
=3.664

Current CPI (Mar. 2026) = 163.0700.

Grupa Klepsydra Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.037 99.552 0.061
201609 0.035 99.064 0.058
201612 0.170 100.366 0.276
201703 0.201 101.018 0.324
201706 0.034 101.180 0.055
201709 0.261 101.343 0.420
201712 0.205 102.564 0.326
201803 0.269 102.564 0.428
201806 0.000 103.378 0.000
201809 0.210 103.378 0.331
201812 0.072 103.785 0.113
201903 0.068 104.274 0.106
201906 0.054 105.983 0.083
201909 0.045 105.983 0.069
201912 0.039 107.123 0.059
202003 0.035 109.076 0.052
202006 0.045 109.402 0.067
202009 0.087 109.320 0.130
202012 0.137 109.565 0.204
202103 0.251 112.658 0.363
202106 0.164 113.960 0.235
202109 0.077 115.588 0.109
202112 0.058 119.088 0.079
202203 0.027 125.031 0.035
202206 0.018 131.705 0.022
202209 0.018 135.531 0.022
202212 0.004 139.113 0.005
202303 0.010 145.950 0.011
202306 17.461 147.009 19.369
202309 2.581 146.113 2.881
202312 2.691 147.741 2.970
202403 3.403 149.044 3.723
202406 3.356 150.997 3.624
202409 3.325 153.439 3.534
202412 3.497 154.660 3.687
202503 3.350 157.021 3.479
202506 3.544 157.509 3.669
202509 3.574 158.000 3.689
202512 3.645 158.320 3.754
202603 3.664 163.070 3.664

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 4.40 mean?
Grupa Klepsydra (WAR:KLE) has a Cyclically Adjusted PB Ratio of 4.40 as of Jul. 20, 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 Grupa Klepsydra and its competitors. This is 31% below median its historical median of 6.40. Over the past decade, Grupa Klepsydra's Cyclically Adjusted PB Ratio has ranged from 4.40 to 18.19. According to the industry distribution chart, Grupa Klepsydra ranks #55 out of 66 companies in the Personal Services industry, placing it in the top 83.3%.
Is Grupa Klepsydra's Cyclically Adjusted PB Ratio too high?
Grupa Klepsydra's current Cyclically Adjusted PB Ratio of 4.40 is 31% below median its 10-year median of 6.40. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 18.19. The Personal Services industry median Cyclically Adjusted PB Ratio is 1.68. Grupa Klepsydra's value of 4.40 is 161.9% above this industry median. Based on the distribution chart, Grupa Klepsydra ranks #55 out of 66 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, Grupa Klepsydra has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grupa Klepsydra's Cyclically Adjusted PB Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, Grupa Klepsydra ranks #55 out of 66 companies for Cyclically Adjusted PB Ratio. This places Grupa Klepsydra in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Grupa Klepsydra's value of 4.40 is 161.9% above this benchmark. Historically, Grupa Klepsydra's own Cyclically Adjusted PB Ratio has ranged from 4.40 to 18.19 over the past decade. While the company's 10-year median is 6.40 vs. the industry median of 1.68, Grupa Klepsydra 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 Personal Services company?
The median Cyclically Adjusted PB Ratio among Personal Services companies is 1.68, based on 66 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. Grupa Klepsydra's current Cyclically Adjusted PB Ratio of 4.40 is 161.9% 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 Grupa Klepsydra and its competitors. For the Personal Services industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupa Klepsydra's current Cyclically Adjusted PB Ratio is 4.40, which is 31% below median its own 10-year median of 6.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupa Klepsydra stock overvalued right now?
Based on GuruFocus' analysis, Grupa Klepsydra (WAR:KLE) is currently considered Modestly Undervalued. The stock's GF Value™ is zł9.06, compared to a current price of zł7.00 — trading 22.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.40, which is 31% below median its 10-year median of 6.40 and 161.9% above the Personal Services industry median of 1.68. Grupa Klepsydra's overall GF Score™ is 61/100 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 Grupa Klepsydra (WAR:KLE), the current Cyclically Adjusted PB Ratio is 4.40 as of Jul. 20, 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 Grupa Klepsydra (WAR:KLE) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa Klepsydra stock appears to be undervalued. The current stock price of zł7.00 is trading 22.7% below its estimated GF Value™ of zł9.06. GuruFocus considers Grupa Klepsydra to be Modestly Undervalued.

Key valuation signals for WAR:KLE:

  • Cyclically Adjusted PB Ratio: 4.40 (31% below median its 10-year median of 6.40)
  • GF Value™: zł9.06 vs. price of zł7.00 (22.7% below fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 161.9% above the Personal Services median (#55 of 66)

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


Grupa Klepsydra Business Description

Other Exchanges 2EK:Germany
Address ul. Solec 5, Lodz, POL, 94-247
Grupa Klepsydra SA is a funeral company. It provides funeral and cremation services in Poland.
61GF Score

Get the complete analysis for WAR:KLE

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

zł7.00
Price
zł9.06
GF Value