Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego (WAR:KPD) Cyclically Adjusted PB Ratio: 0.23 (As of Jul. 22, 2026) — 67% 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:KPD Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA WAR:KPD
50 GF Score
Price zł19.60
GF Value zł41.43
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Cyclically Adjusted PB Ratio?

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego WAR:KPD -2.00% 50 Cyclically Adjusted PB Ratio is 0.23 as of Jul. 22, 2026, which is 67% below its 10-year median of 0.69. GuruFocus rates WAR:KPD with a GF Score™ of 50/100 and a GF Value™ of zł41.43 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 246 Forest Products companies, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego ranks better than 84.55% on this metric.

As of today (2026-07-22), Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's current share price is zł19.60. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was zł84.83. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted PB Ratio for today is 0.23.

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

WAR:KPD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.69   Max: 1.65
Current: 0.24

During the past years, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's highest Cyclically Adjusted PB Ratio was 1.65. The lowest was 0.23. And the median was 0.69.

WAR:KPD's Cyclically Adjusted PB Ratio is ranked better than
84.55% of 246 companies
in the Forest Products industry
Industry Median: 0.76 vs WAR:KPD: 0.24

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.

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's adjusted book value per share data for the three months ended in Dec. 2025 was zł55.149. 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 zł84.83 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego  (WAR:KPD) 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.


Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Cyclically Adjusted PB Ratio Related Terms


Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego'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.

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Cyclically Adjusted PB Ratio Chart

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego 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 1.14 1.01 0.73 0.33 0.25

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Dec25
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 0.70 0.59 0.49 0.33 0.25

WAR:KPD vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego'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.


Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted PB Ratio falls into.


WAR:KPD
50GF Score
Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA WAR:KPD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego 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.

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.60/84.83
=0.23

* 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.

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=55.149/158.3200*158.3200
=55.149

Current CPI (Dec. 2025) = 158.3200.

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Quarterly Data

Book Value per Share CPI Adj_Book
201506 39.974 100.448 63.005
201509 38.666 99.634 61.441
201512 41.252 99.471 65.658
201603 41.033 98.983 65.631
201606 43.197 99.552 68.697
201609 43.124 99.064 68.919
201612 43.348 100.366 68.378
201703 43.811 101.018 68.663
201706 45.150 101.180 70.648
201709 44.840 101.343 70.050
201712 45.982 102.564 70.979
201803 47.327 102.564 73.055
201806 49.761 103.378 76.207
201809 49.464 103.378 75.752
201812 50.891 103.785 77.632
201903 52.413 104.274 79.579
201906 53.625 105.983 80.106
201909 52.127 105.983 77.869
201912 52.846 107.123 78.103
202003 53.452 109.076 77.584
202006 55.740 109.402 80.664
202009 56.429 109.320 81.722
202012 58.014 109.565 83.830
202103 60.452 112.658 84.954
202106 65.030 113.960 90.343
202109 72.319 115.588 99.055
202112 79.578 119.088 105.794
202203 92.261 125.031 116.826
202206 104.113 131.705 125.152
202209 107.195 135.531 125.219
202212 110.059 139.113 125.255
202303 113.869 145.950 123.520
202306 107.456 147.009 115.724
202309 98.330 146.113 106.545
202312 94.908 147.741 101.704
202403 89.541 149.044 95.114
202406 85.797 150.997 89.958
202409 76.850 153.439 79.295
202412 67.649 154.660 69.250
202512 55.149 158.320 55.149

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 0.23 mean?
Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego (WAR:KPD) has a Cyclically Adjusted PB Ratio of 0.23 as of Jul. 22, 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 Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego and its competitors. This is 67% below median its historical median of 0.69. Over the past decade, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.65. According to the industry distribution chart, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego ranks #38 out of 246 companies in the Forest Products industry, placing it in the top 15.4%.
Is Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted PB Ratio too high?
Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's current Cyclically Adjusted PB Ratio of 0.23 is 67% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.65. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.76. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's value of 0.23 is 69.7% below this industry median. Based on the distribution chart, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego ranks #38 out of 246 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego ranks #38 out of 246 companies for Cyclically Adjusted PB Ratio. This places Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.76. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's value of 0.23 is 69.7% below this benchmark. Historically, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.65 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.76, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.76, based on 246 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. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's current Cyclically Adjusted PB Ratio of 0.23 is 69.7% 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 Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's current Cyclically Adjusted PB Ratio is 0.23, which is 67% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego stock overvalued right now?
Based on GuruFocus' analysis, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego (WAR:KPD) is currently considered Possible Value Trap. The stock's GF Value™ is zł41.43, compared to a current price of zł19.60 — trading 52.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.23, which is 67% below median its 10-year median of 0.69 and 69.7% below the Forest Products industry median of 0.76. Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego's overall GF Score™ is 50/100 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 Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego (WAR:KPD), the current Cyclically Adjusted PB Ratio is 0.23 as of Jul. 22, 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 Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego (WAR:KPD) Overvalued in 2026?

Based on GuruFocus' analysis, Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego stock appears to be undervalued. The current stock price of zÅ‚19.60 is trading 52.7% below its estimated GF Value™ of zÅ‚41.43. GuruFocus considers Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego to be Possible Value Trap.

Key valuation signals for WAR:KPD:

  • Cyclically Adjusted PB Ratio: 0.23 (67% below median its 10-year median of 0.69)
  • GF Value™: zÅ‚41.43 vs. price of zÅ‚19.60 (52.7% below fair value)
  • GF Score™: 50/100 with 6 warning signs
  • Industry Position: 69.7% below the Forest Products median (#38 of 246)

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


Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Business Description

Address ul. Warynskiego 2, Szczecinek, POL, 78-400
Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego SA is Poland based company active in the wood processing sector. Its products portfolio includes softwood and hardwood timber, construction timber, covering and terrace boards, sleepers, and wooden garden products.
50GF Score

Get the complete analysis for WAR:KPD

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

zł19.60
Price
zł41.43
GF Value