Moj (WAR:MOJ) Cyclically Adjusted PB Ratio: 0.26 (As of Aug. 31, 2026) — 10% 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:MOJ Moj SA WAR:MOJ
74 GF Score
Price zł1.45
GF Value zł1.35
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Moj Cyclically Adjusted PB Ratio?

Moj WAR:MOJ 74 Cyclically Adjusted PB Ratio is 0.26 as of Aug. 31, 2026, which is 10% below its 10-year median of 0.29. GuruFocus rates WAR:MOJ with a GF Score™ of 74/100 and a GF Value™ of zł1.35 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,104 Industrial Products companies, Moj ranks better than 95.72% on this metric.

As of today (2026-08-31), Moj's current share price is zł1.45. Moj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł5.67. Moj's Cyclically Adjusted PB Ratio for today is 0.26.

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

WAR:MOJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.29   Max: 0.63
Current: 0.26

During the past years, Moj's highest Cyclically Adjusted PB Ratio was 0.63. The lowest was 0.15. And the median was 0.29.

WAR:MOJ's Cyclically Adjusted PB Ratio is ranked better than
95.72% of 2104 companies
in the Industrial Products industry
Industry Median: 2.15 vs WAR:MOJ: 0.26

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.

Moj's adjusted book value per share data for the three months ended in Mar. 2026 was zł4.566. 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 zł5.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moj  (WAR:MOJ) 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.


Moj Cyclically Adjusted PB Ratio Related Terms


Moj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Moj'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.

Moj Cyclically Adjusted PB Ratio Chart

Moj 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 0.36 0.34 0.35 0.25 0.27

Moj 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 0.24 0.24 0.26 0.27 0.28

WAR:MOJ vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Moj'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.


Moj Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


WAR:MOJ
74GF Score
Moj SA WAR:MOJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moj 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.45/5.67
=0.26

* 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.

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

For example, Moj'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)
=4.566/163.0700*163.0700
=4.566

Current CPI (Mar. 2026) = 163.0700.

Moj Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.764 99.552 6.166
201609 3.788 99.064 6.235
201612 3.763 100.366 6.114
201703 3.791 101.018 6.120
201706 3.766 101.180 6.070
201709 3.802 101.343 6.118
201712 3.800 102.564 6.042
201803 3.854 102.564 6.128
201806 3.907 103.378 6.163
201809 3.905 103.378 6.160
201812 3.938 103.785 6.187
201903 4.027 104.274 6.298
201906 4.185 105.983 6.439
201909 4.243 105.983 6.528
201912 4.260 107.123 6.485
202003 4.566 109.076 6.826
202006 4.546 109.402 6.776
202009 4.634 109.320 6.912
202012 4.482 109.565 6.671
202103 4.534 112.658 6.563
202106 4.550 113.960 6.511
202109 4.580 115.588 6.461
202112 4.537 119.088 6.213
202203 4.631 125.031 6.040
202206 4.575 131.705 5.665
202209 4.553 135.531 5.478
202212 4.523 139.113 5.302
202303 4.625 145.950 5.168
202306 3.609 147.009 4.003
202309 3.731 146.113 4.164
202312 3.737 147.741 4.125
202403 3.825 149.044 4.185
202406 3.917 150.997 4.230
202409 4.135 153.439 4.395
202412 4.339 154.660 4.575
202503 4.451 157.021 4.622
202506 4.481 157.509 4.639
202509 4.511 158.000 4.656
202512 4.525 158.320 4.661
202603 4.566 163.070 4.566

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 0.26 mean?
Moj (WAR:MOJ) has a Cyclically Adjusted PB Ratio of 0.26 as of Aug. 31, 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 Moj and its competitors. This is 10% below median its historical median of 0.29. Over the past decade, Moj's Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.63. According to the industry distribution chart, Moj ranks #90 out of 2104 companies in the Industrial Products industry, placing it in the top 4.3%.
Is Moj's Cyclically Adjusted PB Ratio too high?
Moj's current Cyclically Adjusted PB Ratio of 0.26 is 10% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.63. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.15. Moj's value of 0.26 is 87.9% below this industry median. Based on the distribution chart, Moj ranks #90 out of 2104 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Moj has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Moj's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Moj ranks #90 out of 2104 companies for Cyclically Adjusted PB Ratio. This places Moj in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.15. Moj's value of 0.26 is 87.9% below this benchmark. Historically, Moj's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.63 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 2.15, Moj 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 2.15, based on 2,104 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. Moj's current Cyclically Adjusted PB Ratio of 0.26 is 87.9% 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 Moj and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moj's current Cyclically Adjusted PB Ratio is 0.26, which is 10% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moj stock overvalued right now?
Based on GuruFocus' analysis, Moj (WAR:MOJ) is currently considered Fairly Valued. The stock's GF Value™ is zł1.35, compared to a current price of zł1.45 — trading 7.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.26, which is 10% below median its 10-year median of 0.29 and 87.9% below the Industrial Products industry median of 2.15. Moj's overall GF Score™ is 74/100 with 5 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 Moj (WAR:MOJ), the current Cyclically Adjusted PB Ratio is 0.26 as of Aug. 31, 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 Moj (WAR:MOJ) Overvalued in 2026?

Based on GuruFocus' analysis, Moj stock appears to be overvalued. The current stock price of zł1.45 is trading 7.4% above its estimated GF Value™ of zł1.35. GuruFocus considers Moj to be Fairly Valued.

Key valuation signals for WAR:MOJ:

  • Cyclically Adjusted PB Ratio: 0.26 (10% below median its 10-year median of 0.29)
  • GF Value™: zł1.35 vs. price of zł1.45 (7.4% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 87.9% below the Industrial Products median (#90 of 2104)

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


Moj Business Description

Address ul. Tokarska 6, Katowice, POL, 40-859
Moj SA is engaged in the electromechanical industry. It offers industrial couplings, drilling equipment and low mechanization equipment for mining. The company products include communication, clutches, hydraulic aggregate, pumps, drilling equipment, drills, keys, VALENT friction racks, used machines, transmissions, geared and brakes.
74GF Score

Get the complete analysis for WAR:MOJ

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

zł1.45
Price
zł1.35
GF Value