Modivo (WAR:MDV) Cyclically Adjusted PB Ratio: 2.93 (As of Sep. 17, 2026) — 36% Below Median

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WAR:MDV Modivo SA WAR:MDV
72 GF Score
Price zł86.50
GF Value zł136.92
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Modivo Cyclically Adjusted PB Ratio?

Modivo WAR:MDV -1.44% 72 Cyclically Adjusted PB Ratio is 2.93 as of Sep. 17, 2026, which is 36% below its 10-year median of 4.60. GuruFocus rates WAR:MDV with a GF Score™ of 72/100 and a GF Value™ of zł136.92 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 759 Retail - Cyclical companies, Modivo ranks worse than 80.5% on this metric.

As of today (2026-09-17), Modivo's current share price is zł86.50. Modivo's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was zł29.54. Modivo's Cyclically Adjusted PB Ratio for today is 2.93.

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

WAR:MDV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 4.6   Max: 18.41
Current: 3.12

During the past years, Modivo's highest Cyclically Adjusted PB Ratio was 18.41. The lowest was 1.29. And the median was 4.60.

WAR:MDV's Cyclically Adjusted PB Ratio is ranked worse than
80.5% of 759 companies
in the Retail - Cyclical industry
Industry Median: 1.19 vs WAR:MDV: 3.12

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.

Modivo's adjusted book value per share data for the three months ended in Apr. 2026 was zł27.340. 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 zł29.54 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Modivo  (WAR:MDV) 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.


Modivo Cyclically Adjusted PB Ratio Related Terms


Modivo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Modivo'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.

Modivo Cyclically Adjusted PB Ratio Chart

Modivo Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.02 1.52 1.99 5.80 4.10

Modivo Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 7.30 6.54 5.12 3.96 2.69

WAR:MDV vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Modivo'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.


Modivo Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Modivo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MDV
72GF Score
Modivo SA WAR:MDV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modivo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=86.50/29.541
=2.93

* 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.

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

For example, Modivo's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=27.34/163.3900*163.3900
=27.340

Current CPI (Apr. 2026) = 163.3900.

Modivo Quarterly Data

Book Value per Share CPI Adj_Book
201603 28.961 98.983 47.806
201606 24.766 99.552 40.647
201609 25.739 99.064 42.452
201612 31.591 100.366 51.428
201703 0.000 101.018 0.000
201706 25.117 101.180 40.560
201709 26.198 101.343 42.238
201712 28.382 102.564 45.214
201803 25.146 102.564 40.059
201806 28.333 103.378 44.781
201809 27.366 103.378 43.252
201812 27.881 103.785 43.893
201903 24.094 104.274 37.754
201906 24.825 105.983 38.272
201909 23.824 105.983 36.729
201912 26.467 107.123 40.369
202003 18.220 109.076 27.293
202006 11.930 109.402 17.817
202009 10.912 109.320 16.309
202104 3.102 113.553 4.463
202107 14.020 114.449 20.015
202110 23.705 116.891 33.135
202201 20.976 121.368 28.239
202204 17.426 127.554 22.322
202207 16.963 132.357 20.940
202210 15.630 137.973 18.509
202301 10.614 142.613 12.160
202304 11.818 147.009 13.135
202307 13.642 146.683 15.196
202310 13.548 146.520 15.108
202401 13.819 148.311 15.224
202404 14.568 150.672 15.798
202407 18.049 153.114 19.260
202410 20.310 153.928 21.559
202501 27.197 156.207 28.448
202504 30.161 157.672 31.255
202507 30.812 157.998 31.864
202510 32.418 158.160 33.490
202601 27.508 161.810 27.777
202604 27.340 163.390 27.340

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 2.93 mean?
Modivo (WAR:MDV) has a Cyclically Adjusted PB Ratio of 2.93 as of Sep. 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 Modivo and its competitors. This is 36% below median its historical median of 4.60. Over the past decade, Modivo's Cyclically Adjusted PB Ratio has ranged from 1.29 to 18.41. According to the industry distribution chart, Modivo ranks #611 out of 759 companies in the Retail - Cyclical industry, placing it in the top 80.5%.
Is Modivo's Cyclically Adjusted PB Ratio too high?
Modivo's current Cyclically Adjusted PB Ratio of 2.93 is 36% below median its 10-year median of 4.60. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 18.41. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.19. Modivo's value of 2.93 is 146.2% above this industry median. Based on the distribution chart, Modivo ranks #611 out of 759 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Modivo has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Modivo's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Modivo ranks #611 out of 759 companies for Cyclically Adjusted PB Ratio. This places Modivo in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Modivo's value of 2.93 is 146.2% above this benchmark. Historically, Modivo's own Cyclically Adjusted PB Ratio has ranged from 1.29 to 18.41 over the past decade. While the company's 10-year median is 4.60 vs. the industry median of 1.19, Modivo 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.19, based on 759 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. Modivo's current Cyclically Adjusted PB Ratio of 2.93 is 146.2% 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 Modivo and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modivo's current Cyclically Adjusted PB Ratio is 2.93, which is 36% below median its own 10-year median of 4.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modivo stock overvalued right now?
Based on GuruFocus' analysis, Modivo (WAR:MDV) is currently considered Possible Value Trap. The stock's GF Value™ is zł136.92, compared to a current price of zł86.50 — trading 36.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.93, which is 36% below median its 10-year median of 4.60 and 146.2% above the Retail - Cyclical industry median of 1.19. Modivo's overall GF Score™ is 72/100 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 Modivo (WAR:MDV), the current Cyclically Adjusted PB Ratio is 2.93 as of Sep. 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 Modivo (WAR:MDV) Overvalued in 2026?

Based on GuruFocus' analysis, Modivo stock appears to be undervalued. The current stock price of zł86.50 is trading 36.8% below its estimated GF Value™ of zł136.92. GuruFocus considers Modivo to be Possible Value Trap.

Key valuation signals for WAR:MDV:

  • Cyclically Adjusted PB Ratio: 2.93 (36% below median its 10-year median of 4.60)
  • GF Value™: zł136.92 vs. price of zł86.50 (36.8% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 146.2% above the Retail - Cyclical median (#611 of 759)

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


Modivo Business Description

Other Exchanges 6RK:Germany
Address ul. Strefowa 6, Polkowice, POL, 59-101
Modivo SA business activities are concentrated in the retail, digital, and wholesale segments and include the wholesale and retail trade of clothing and footwear. Its operating segments include CCC, which generates the majority of revenue and includes sales through websites, offline retail stores, distribution, and wholesale operations, as well as HalfPrice and MODIVO (MODIVO and eobuwie). The Company's business lines include CCC, eobuwie, MODIVO, HalfPrice, worldbox, Boardriders, Warsaw Sneaker Store, SK Store, and Sklep Biegacza.
72GF Score

Get the complete analysis for WAR:MDV

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

zł86.50
Price
zł136.92
GF Value