Monnari trade (WAR:MON) Cyclically Adjusted PB Ratio: 0.49 (As of Jul. 21, 2026) — Near Median

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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.
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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:MON Monnari trade SA WAR:MON
80 GF Score
Price zł5.66
GF Value zł6.86
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Monnari trade Cyclically Adjusted PB Ratio?

Monnari trade WAR:MON 80 Cyclically Adjusted PB Ratio is 0.49 as of Jul. 21, 2026, which is 9% below its 10-year median of 0.54. GuruFocus rates WAR:MON with a GF Score™ of 80/100 and a GF Value™ of zł6.86 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 882 Manufacturing - Apparel & Accessories companies, Monnari trade ranks better than 75.74% on this metric.

As of today (2026-07-21), Monnari trade's current share price is zł5.66. Monnari trade's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł11.45. Monnari trade's Cyclically Adjusted PB Ratio for today is 0.49.

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

WAR:MON' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.54   Max: 1.6
Current: 0.49

During the past years, Monnari trade's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.27. And the median was 0.54.

WAR:MON's Cyclically Adjusted PB Ratio is ranked better than
75.74% of 882 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.005 vs WAR:MON: 0.49

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.

Monnari trade's adjusted book value per share data for the three months ended in Mar. 2026 was zł12.554. 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 zł11.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Monnari trade  (WAR:MON) 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.


Monnari trade Cyclically Adjusted PB Ratio Related Terms


Monnari trade Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Monnari trade'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.

Monnari trade Cyclically Adjusted PB Ratio Chart

Monnari trade 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 0.41 0.62 0.59 0.49 0.61

Monnari trade 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 0.47 0.44 0.43 0.61 0.51

WAR:MON vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Monnari trade'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.


Monnari trade Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Monnari trade's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MON
80GF Score
Monnari trade SA WAR:MON
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Monnari trade 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.

Monnari trade's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.66/11.45
=0.49

* 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.

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

For example, Monnari trade'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)
=12.554/163.0700*163.0700
=12.554

Current CPI (Mar. 2026) = 163.0700.

Monnari trade Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.548 99.552 9.088
201609 5.584 99.064 9.192
201612 6.294 100.366 10.226
201703 6.260 101.018 10.105
201706 6.390 101.180 10.299
201709 6.396 101.343 10.292
201712 6.966 102.564 11.075
201803 7.158 102.564 11.381
201806 6.315 103.378 9.961
201809 7.248 103.378 11.433
201812 7.719 103.785 12.128
201903 7.558 104.274 11.820
201906 7.661 105.983 11.788
201909 7.627 105.983 11.735
201912 8.163 107.123 12.426
202003 8.010 109.076 11.975
202006 7.860 109.402 11.716
202009 7.569 109.320 11.290
202012 7.337 109.565 10.920
202103 7.097 112.658 10.273
202106 7.498 113.960 10.729
202109 7.518 115.588 10.606
202112 8.044 119.088 11.015
202203 8.100 125.031 10.564
202206 9.830 131.705 12.171
202209 10.215 135.531 12.291
202212 10.268 139.113 12.036
202303 10.280 145.950 11.486
202306 10.462 147.009 11.605
202309 10.564 146.113 11.790
202312 10.996 147.741 12.137
202403 11.095 149.044 12.139
202406 11.326 150.997 12.232
202409 11.378 153.439 12.092
202412 11.968 154.660 12.619
202503 12.072 157.021 12.537
202506 12.313 157.509 12.748
202509 12.022 158.000 12.408
202512 12.705 158.320 13.086
202603 12.554 163.070 12.554

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 0.49 mean?
Monnari trade (WAR:MON) has a Cyclically Adjusted PB Ratio of 0.49 as of Jul. 21, 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 Monnari trade and its competitors. This is near median its historical median of 0.54. Over the past decade, Monnari trade's Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.60. According to the industry distribution chart, Monnari trade ranks #214 out of 882 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 24.3%.
Is Monnari trade's Cyclically Adjusted PB Ratio too high?
Monnari trade's current Cyclically Adjusted PB Ratio of 0.49 is near median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.60. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 1.01. Monnari trade's value of 0.49 is 51.2% below this industry median. Based on the distribution chart, Monnari trade ranks #214 out of 882 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Monnari trade has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monnari trade's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Monnari trade ranks #214 out of 882 companies for Cyclically Adjusted PB Ratio. This places Monnari trade in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.01. Monnari trade's value of 0.49 is 51.2% below this benchmark. Historically, Monnari trade's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.60 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.01, Monnari trade 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 a Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 1.01, based on 882 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. Monnari trade's current Cyclically Adjusted PB Ratio of 0.49 is 51.2% 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 Monnari trade and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monnari trade's current Cyclically Adjusted PB Ratio is 0.49, which is near median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monnari trade stock overvalued right now?
Based on GuruFocus' analysis, Monnari trade (WAR:MON) is currently considered Modestly Undervalued. The stock's GF Value™ is zł6.86, compared to a current price of zł5.66 — trading 17.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.49, which is near median its 10-year median of 0.54 and 51.2% below the Manufacturing - Apparel & Accessories industry median of 1.01. Monnari trade's overall GF Score™ is 80/100 with 4 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 Monnari trade (WAR:MON), the current Cyclically Adjusted PB Ratio is 0.49 as of Jul. 21, 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 Monnari trade (WAR:MON) Overvalued in 2026?

Based on GuruFocus' analysis, Monnari trade stock appears to be undervalued. The current stock price of zł5.66 is trading 17.5% below its estimated GF Value™ of zł6.86. GuruFocus considers Monnari trade to be Modestly Undervalued.

Key valuation signals for WAR:MON:

  • Cyclically Adjusted PB Ratio: 0.49 (near median its 10-year median of 0.54)
  • GF Value™: zł6.86 vs. price of zł5.66 (17.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 51.2% below the Manufacturing - Apparel & Accessories median (#214 of 882)

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


Monnari trade Business Description

Address st. Radwanska 6, Lodz, POL, 90-453
Monnari trade SA is engaged in the design and sale of women's apparel in Poland. The clothing portfolio of the company includes skirts, dresses, trousers, jackets, blouses, coats and others, is supplemented by accessories, such as belts, bags, shoes, and jewelry.
80GF Score

Get the complete analysis for WAR:MON

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

zł5.66
Price
zł6.86
GF Value