MFO (WAR:MFO) Cyclically Adjusted PB Ratio: 0.76 (As of Jul. 26, 2026) — 22% Below Median

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WAR:MFO MFO SA WAR:MFO
71 GF Score
Price zł32.60
GF Value zł34.75
Valuation Fairly Valued
! 7 Warning Signs
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What is MFO Cyclically Adjusted PB Ratio?

MFO WAR:MFO +5.16% 71 Cyclically Adjusted PB Ratio is 0.76 as of Jul. 26, 2026, which is 22% below its 10-year median of 0.97. GuruFocus rates WAR:MFO with a GF Score™ of 71/100 and a GF Value™ of zł34.75 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,278 Industrial Products companies, MFO ranks better than 81.69% on this metric.

As of today (2026-07-26), MFO's current share price is zł32.60. MFO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł42.92. MFO's Cyclically Adjusted PB Ratio for today is 0.76.

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

WAR:MFO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.97   Max: 1.81
Current: 0.76

During the past years, MFO's highest Cyclically Adjusted PB Ratio was 1.81. The lowest was 0.65. And the median was 0.97.

WAR:MFO's Cyclically Adjusted PB Ratio is ranked better than
81.69% of 2278 companies
in the Industrial Products industry
Industry Median: 2.11 vs WAR:MFO: 0.76

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.

MFO's adjusted book value per share data for the three months ended in Mar. 2026 was zł49.177. 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 zł42.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MFO  (WAR:MFO) 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.


MFO Cyclically Adjusted PB Ratio Related Terms


MFO Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MFO'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.

MFO Cyclically Adjusted PB Ratio Chart

MFO 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 1.11 1.07 0.73 0.89

MFO 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 0.83 0.96 0.89 0.89 0.70

WAR:MFO vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, MFO'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.


MFO Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, MFO's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MFO
71GF Score
MFO SA WAR:MFO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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MFO 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.60/42.92
=0.76

* 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.

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

For example, MFO'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)
=49.177/163.0700*163.0700
=49.177

Current CPI (Mar. 2026) = 163.0700.

MFO Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.809 99.552 19.344
201609 12.502 99.064 20.580
201612 13.246 100.366 21.521
201703 14.363 101.018 23.186
201706 14.445 101.180 23.281
201709 18.134 101.343 29.179
201712 17.439 102.564 27.727
201803 19.002 102.564 30.212
201806 19.722 103.378 31.110
201809 20.295 103.378 32.014
201812 21.275 103.785 33.428
201903 22.478 104.274 35.153
201906 22.373 105.983 34.424
201909 23.574 105.983 36.272
201912 24.260 107.123 36.930
202003 25.511 109.076 38.139
202006 25.760 109.402 38.397
202009 26.625 109.320 39.716
202012 28.349 109.565 42.193
202103 31.220 112.658 45.190
202106 35.382 113.960 50.629
202109 44.759 115.588 63.145
202112 47.840 119.088 65.508
202203 50.384 125.031 65.713
202206 50.697 131.705 62.770
202209 50.090 135.531 60.268
202212 47.581 139.113 55.775
202303 47.799 145.950 53.406
202306 46.540 147.009 51.625
202309 46.715 146.113 52.136
202312 45.341 147.741 50.045
202403 45.813 149.044 50.124
202406 45.965 150.997 49.640
202409 46.226 153.439 49.127
202412 46.644 154.660 49.180
202503 47.171 157.021 48.988
202506 48.714 157.509 50.434
202509 49.212 158.000 50.791
202512 48.810 158.320 50.274
202603 49.177 163.070 49.177

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 0.76 mean?
MFO (WAR:MFO) has a Cyclically Adjusted PB Ratio of 0.76 as of Jul. 26, 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 MFO and its competitors. This is 22% below median its historical median of 0.97. Over the past decade, MFO's Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.81. According to the industry distribution chart, MFO ranks #417 out of 2278 companies in the Industrial Products industry, placing it in the top 18.3%.
Is MFO's Cyclically Adjusted PB Ratio too high?
MFO's current Cyclically Adjusted PB Ratio of 0.76 is 22% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.81. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. MFO's value of 0.76 is 64% below this industry median. Based on the distribution chart, MFO ranks #417 out of 2278 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, MFO has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MFO's Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, MFO ranks #417 out of 2278 companies for Cyclically Adjusted PB Ratio. This places MFO in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.11. MFO's value of 0.76 is 64% below this benchmark. Historically, MFO's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.81 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 2.11, MFO 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 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. MFO's current Cyclically Adjusted PB Ratio of 0.76 is 64% 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 MFO and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFO's current Cyclically Adjusted PB Ratio is 0.76, which is 22% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFO stock overvalued right now?
Based on GuruFocus' analysis, MFO (WAR:MFO) is currently considered Fairly Valued. The stock's GF Value™ is zł34.75, compared to a current price of zł32.60 — trading 6.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.76, which is 22% below median its 10-year median of 0.97 and 64% below the Industrial Products industry median of 2.11. MFO's overall GF Score™ is 71/100 with 7 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 MFO (WAR:MFO), the current Cyclically Adjusted PB Ratio is 0.76 as of Jul. 26, 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 MFO (WAR:MFO) Overvalued in 2026?

Based on GuruFocus' analysis, MFO stock appears to be undervalued. The current stock price of zł32.60 is trading 6.2% below its estimated GF Value™ of zł34.75. GuruFocus considers MFO to be Fairly Valued.

Key valuation signals for WAR:MFO:

  • Cyclically Adjusted PB Ratio: 0.76 (22% below median its 10-year median of 0.97)
  • GF Value™: zł34.75 vs. price of zł32.60 (6.2% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 64% below the Industrial Products median (#417 of 2278)

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


MFO Business Description

Address Kozuszki Parcel 70 A, Sochaczew, POL, 96-500
MFO SA is a producer of special steel profiles, reinforcements for PVC window joinery and drywall framing steel profiles. The company's products are used in PVC windows, furniture industry, roller shutters, drywall framing profiles, installations, electrical installations, semi-trailers and truck bodies, rack systems, technical flooring systems, fencing systems and gates, ventilation and air conditioning, scaffolds and photovoltaic systems.
71GF Score

Get the complete analysis for WAR:MFO

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

zł32.60
Price
zł34.75
GF Value