Midven (WAR:MID) Cyclically Adjusted PB Ratio: 0.94 (As of Aug. 14, 2026) — 63% 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:MID Midven SA WAR:MID
27 GF Score
Price zł4.20
! 1 Warning Sign
View Full Analysis

What is Midven Cyclically Adjusted PB Ratio?

Midven WAR:MID 27 Cyclically Adjusted PB Ratio is 0.94 as of Aug. 14, 2026, which is 63% below its 10-year median of 2.55. GuruFocus rates WAR:MID with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 344 Interactive Media companies, Midven ranks better than 59.3% on this metric.

As of today (2026-08-14), Midven's current share price is zł4.20. Midven's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł4.45. Midven's Cyclically Adjusted PB Ratio for today is 0.94.

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

WAR:MID' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 2.55   Max: 4
Current: 0.99

During the past years, Midven's highest Cyclically Adjusted PB Ratio was 4.00. The lowest was 0.73. And the median was 2.55.

WAR:MID's Cyclically Adjusted PB Ratio is ranked better than
59.3% of 344 companies
in the Interactive Media industry
Industry Median: 1.505 vs WAR:MID: 0.99

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.

Midven's adjusted book value per share data for the three months ended in Mar. 2026 was zł-0.030. 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 zł4.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Midven  (WAR:MID) 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.


Midven Cyclically Adjusted PB Ratio Related Terms


Midven Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Midven'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.

Midven Cyclically Adjusted PB Ratio Chart

Midven 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 0.00 3.07 2.54 2.17

Midven 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 2.02 1.80 3.46 2.17 1.26

WAR:MID vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Midven'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.


Midven Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Midven's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MID
27GF Score
Midven SA WAR:MID
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Midven 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.20/4.45
=0.94

* 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.

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

For example, Midven'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)
=-0.03/163.0700*163.0700
=-0.030

Current CPI (Mar. 2026) = 163.0700.

Midven Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.673 99.552 33.863
201609 14.936 99.064 24.586
201612 4.028 100.366 6.544
201703 15.168 101.018 24.485
201706 3.974 101.180 6.405
201709 4.735 101.343 7.619
201712 1.021 102.564 1.623
201803 3.722 102.564 5.918
201806 4.494 103.378 7.089
201809 3.984 103.378 6.284
201812 2.210 103.785 3.472
201903 0.607 104.274 0.949
201906 0.310 105.983 0.477
201909 0.115 105.983 0.177
201912 0.432 107.123 0.658
202003 0.217 109.076 0.324
202006 0.098 109.402 0.146
202009 2.079 109.320 3.101
202012 2.622 109.565 3.902
202103 4.399 112.658 6.367
202106 4.224 113.960 6.044
202109 4.167 115.588 5.879
202112 2.795 119.088 3.827
202203 2.719 125.031 3.546
202206 2.004 131.705 2.481
202209 1.748 135.531 2.103
202212 2.065 139.113 2.421
202303 2.054 145.950 2.295
202306 1.918 147.009 2.128
202309 1.582 146.113 1.766
202312 1.201 147.741 1.326
202403 1.003 149.044 1.097
202406 0.870 150.997 0.940
202409 0.780 153.439 0.829
202412 -1.069 154.660 -1.127
202503 -1.275 157.021 -1.324
202506 -0.275 157.509 -0.285
202509 -0.026 158.000 -0.027
202512 -0.034 158.320 -0.035
202603 -0.030 163.070 -0.030

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 0.94 mean?
Midven (WAR:MID) has a Cyclically Adjusted PB Ratio of 0.94 as of Aug. 14, 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 Midven and its competitors. This is 63% below median its historical median of 2.55. Over the past decade, Midven's Cyclically Adjusted PB Ratio has ranged from 0.73 to 4.00. According to the industry distribution chart, Midven ranks #140 out of 344 companies in the Interactive Media industry, placing it in the top 40.7%.
Is Midven's Cyclically Adjusted PB Ratio too high?
Midven's current Cyclically Adjusted PB Ratio of 0.94 is 63% below median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 4.00. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. Midven's value of 0.94 is 37.5% below this industry median. Based on the distribution chart, Midven ranks #140 out of 344 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Midven has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Midven's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Midven ranks #140 out of 344 companies for Cyclically Adjusted PB Ratio. This puts Midven in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Midven's value of 0.94 is 37.5% below this benchmark. Historically, Midven's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 4.00 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 1.51, Midven 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 Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.51, based on 344 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. Midven's current Cyclically Adjusted PB Ratio of 0.94 is 37.5% 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 Midven and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midven's current Cyclically Adjusted PB Ratio is 0.94, which is 63% below median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midven stock overvalued right now?
Midven (WAR:MID) has a current Cyclically Adjusted PB Ratio of 0.94. The current Cyclically Adjusted PB Ratio is 0.94, which is 63% below median its 10-year median of 2.55 and 37.5% below the Interactive Media industry median of 1.51. Midven's overall GF Score™ is 27/100 with 1 warning sign 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 Midven (WAR:MID), the current Cyclically Adjusted PB Ratio is 0.94 as of Aug. 14, 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.

Midven Business Description

Address Izbicka Street 28a, Warsaw, POL, 04-838
Arts Alliance GK SA is a Poland based company that is engaged in producing games as well as developing technology B2B projects. Along with its subsidiaries, it is engaged in developing B2B platform in Business Travel area to support its clients in booking hotels by algorithms solutions. In the game producing segment, it invests in potential small games developers as well as produce the most valuable games for all types of platforms like iOS, Android, Windows Mobile or Steam platforms.
27GF Score

Get the complete analysis for WAR:MID

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

zł4.20
Price