MakoLab (WAR:MLB) Cyclically Adjusted PB Ratio: 2.53 (As of Jul. 19, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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WAR:MLB MakoLab SA WAR:MLB
82 GF Score
Price zł9.10
GF Value zł5.26
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is MakoLab Cyclically Adjusted PB Ratio?

MakoLab WAR:MLB -4.71% 82 Cyclically Adjusted PB Ratio is 2.53 as of Jul. 19, 2026, which is 5% above its 10-year median of 2.41. GuruFocus rates WAR:MLB with a GF Score™ of 82/100 and a GF Value™ of zł5.26 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,595 Software companies, MakoLab ranks worse than 53.67% on this metric.

As of today (2026-07-19), MakoLab's current share price is zł9.10. MakoLab's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł3.60. MakoLab's Cyclically Adjusted PB Ratio for today is 2.53.

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

WAR:MLB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 2.41   Max: 6.81
Current: 2.53

During the past years, MakoLab's highest Cyclically Adjusted PB Ratio was 6.81. The lowest was 1.19. And the median was 2.41.

WAR:MLB's Cyclically Adjusted PB Ratio is ranked worse than
53.67% of 1595 companies
in the Software industry
Industry Median: 2.26 vs WAR:MLB: 2.53

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.

MakoLab's adjusted book value per share data for the three months ended in Mar. 2026 was zł4.859. 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 zł3.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MakoLab  (WAR:MLB) 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.


MakoLab Cyclically Adjusted PB Ratio Related Terms


MakoLab Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MakoLab'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.

MakoLab Cyclically Adjusted PB Ratio Chart

MakoLab 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 3.12 2.31 1.69 1.21 2.28

MakoLab 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 1.60 1.34 1.55 2.28 1.83

WAR:MLB vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, MakoLab'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.


MakoLab Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, MakoLab's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MLB
82GF Score
MakoLab SA WAR:MLB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MakoLab 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.10/3.60
=2.53

* 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.

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

For example, MakoLab'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)
=4.859/163.0700*163.0700
=4.859

Current CPI (Mar. 2026) = 163.0700.

MakoLab Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 99.552 0.000
201609 1.117 99.064 1.839
201612 1.243 100.366 2.020
201703 1.153 101.018 1.861
201706 1.195 101.180 1.926
201709 1.262 101.343 2.031
201712 1.335 102.564 2.123
201803 1.313 102.564 2.088
201806 1.372 103.378 2.164
201809 1.522 103.378 2.401
201812 1.667 103.785 2.619
201903 1.767 104.274 2.763
201906 1.859 105.983 2.860
201909 2.144 105.983 3.299
201912 2.329 107.123 3.545
202003 2.533 109.076 3.787
202006 2.682 109.402 3.998
202009 2.829 109.320 4.220
202012 3.011 109.565 4.481
202103 3.070 112.658 4.444
202106 2.884 113.960 4.127
202109 3.044 115.588 4.294
202112 3.030 119.088 4.149
202203 3.330 125.031 4.343
202206 3.189 131.705 3.948
202209 3.472 135.531 4.177
202212 3.485 139.113 4.085
202303 3.735 145.950 4.173
202306 3.650 147.009 4.049
202309 3.667 146.113 4.093
202312 3.683 147.741 4.065
202403 3.899 149.044 4.266
202406 3.856 150.997 4.164
202409 3.778 153.439 4.015
202412 4.244 154.660 4.475
202503 4.260 157.021 4.424
202506 4.395 157.509 4.550
202509 4.614 158.000 4.762
202512 4.656 158.320 4.796
202603 4.859 163.070 4.859

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 2.53 mean?
MakoLab (WAR:MLB) has a Cyclically Adjusted PB Ratio of 2.53 as of Jul. 19, 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 MakoLab and its competitors. This is near median its historical median of 2.41. Over the past decade, MakoLab's Cyclically Adjusted PB Ratio has ranged from 1.19 to 6.81. According to the industry distribution chart, MakoLab ranks #856 out of 1595 companies in the Software industry, placing it in the top 53.7%.
Is MakoLab's Cyclically Adjusted PB Ratio too high?
MakoLab's current Cyclically Adjusted PB Ratio of 2.53 is near median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 6.81. The Software industry median Cyclically Adjusted PB Ratio is 2.26. MakoLab's value of 2.53 is 11.9% above this industry median. Based on the distribution chart, MakoLab ranks #856 out of 1595 companies in the Software industry, which is below the industry midpoint. Overall, MakoLab has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MakoLab's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, MakoLab ranks #856 out of 1595 companies for Cyclically Adjusted PB Ratio. This places MakoLab in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. MakoLab's value of 2.53 is 11.9% above this benchmark. Historically, MakoLab's own Cyclically Adjusted PB Ratio has ranged from 1.19 to 6.81 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 2.26, MakoLab 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, based on 1,595 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. MakoLab's current Cyclically Adjusted PB Ratio of 2.53 is 11.9% 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 MakoLab and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MakoLab's current Cyclically Adjusted PB Ratio is 2.53, which is near median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MakoLab stock overvalued right now?
Based on GuruFocus' analysis, MakoLab (WAR:MLB) is currently considered Significantly Overvalued. The stock's GF Value™ is zł5.26, compared to a current price of zł9.10 — trading 73% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.53, which is near median its 10-year median of 2.41 and 11.9% above the Software industry median of 2.26. MakoLab's overall GF Score™ is 82/100 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 MakoLab (WAR:MLB), the current Cyclically Adjusted PB Ratio is 2.53 as of Jul. 19, 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 MakoLab (WAR:MLB) Overvalued in 2026?

Based on GuruFocus' analysis, MakoLab stock appears to be overvalued. The current stock price of zł9.10 is trading 73% above its estimated GF Value™ of zł5.26. GuruFocus considers MakoLab to be Significantly Overvalued.

Key valuation signals for WAR:MLB:

  • Cyclically Adjusted PB Ratio: 2.53 (near median its 10-year median of 2.41)
  • GF Value™: zł5.26 vs. price of zł9.10 (73% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 11.9% above the Software median (#856 of 1595)

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


MakoLab Business Description

Address ul. Ogrodowa 8, Lodz, POL, 91-062
MakoLab SA engaged in the provision of technology and marketing solutions in Poland. It is engaged in the creation and implementation of Web solutions, including Web services, portals, WWW pages, and visual projects; and provision of maintenance and management services of IT resources. The company serves Automotive, Finance, Banking and Insurance, Commercial Real Estate, Public sector, Culture and Education, Lifestyle, and Tourism, Travelling and Leisure.
82GF Score

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

zł9.10
Price
zł5.26
GF Value