Mirbud (WAR:MRB) Cyclically Adjusted PB Ratio: 1.57 (As of Aug. 10, 2026) — 32% Above Median

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Director of Data and Quant Analytics at GuruFocus
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WAR:MRB Mirbud SA WAR:MRB
81 GF Score
Price zł12.20
GF Value zł9.38
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Mirbud Cyclically Adjusted PB Ratio?

Mirbud WAR:MRB +0.16% 81 Cyclically Adjusted PB Ratio is 1.57 as of Aug. 10, 2026, which is 32% above its 10-year median of 1.19. GuruFocus rates WAR:MRB with a GF Score™ of 81/100 and a GF Value™ of zł9.38 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,343 Construction companies, Mirbud ranks worse than 60.98% on this metric.

As of today (2026-08-10), Mirbud's current share price is zł12.20. Mirbud's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł7.79. Mirbud's Cyclically Adjusted PB Ratio for today is 1.57.

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

WAR:MRB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.19   Max: 2.45
Current: 1.57

During the past years, Mirbud's highest Cyclically Adjusted PB Ratio was 2.45. The lowest was 0.22. And the median was 1.19.

WAR:MRB's Cyclically Adjusted PB Ratio is ranked worse than
60.98% of 1343 companies
in the Construction industry
Industry Median: 1.17 vs WAR:MRB: 1.57

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.

Mirbud's adjusted book value per share data for the three months ended in Mar. 2026 was zł10.928. 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 zł7.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mirbud  (WAR:MRB) 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.


Mirbud Cyclically Adjusted PB Ratio Related Terms


Mirbud Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mirbud'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.

Mirbud Cyclically Adjusted PB Ratio Chart

Mirbud 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 0.94 0.86 1.38 1.77 1.99

Mirbud 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 1.89 1.92 1.90 1.99 1.43

WAR:MRB vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Mirbud'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.


Mirbud Cyclically Adjusted PB Ratio vs Construction Industry

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

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


WAR:MRB
81GF Score
Mirbud SA WAR:MRB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mirbud 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.20/7.79
=1.57

* 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.

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

For example, Mirbud'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)
=10.928/163.0700*163.0700
=10.928

Current CPI (Mar. 2026) = 163.0700.

Mirbud Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.194 99.552 5.232
201609 3.370 99.064 5.547
201612 3.380 100.366 5.492
201703 3.424 101.018 5.527
201706 3.488 101.180 5.622
201709 3.571 101.343 5.746
201712 3.656 102.564 5.813
201803 3.705 102.564 5.891
201806 3.772 103.378 5.950
201809 3.852 103.378 6.076
201812 3.951 103.785 6.208
201903 4.031 104.274 6.304
201906 4.070 105.983 6.262
201909 3.849 105.983 5.922
201912 4.417 107.123 6.724
202003 4.489 109.076 6.711
202006 4.514 109.402 6.728
202009 4.686 109.320 6.990
202012 5.032 109.565 7.489
202103 5.238 112.658 7.582
202106 5.425 113.960 7.763
202109 5.959 115.588 8.407
202112 6.347 119.088 8.691
202203 6.512 125.031 8.493
202206 6.577 131.705 8.143
202209 7.102 135.531 8.545
202212 7.434 139.113 8.714
202303 7.577 145.950 8.466
202306 7.487 147.009 8.305
202309 7.787 146.113 8.691
202312 8.650 147.741 9.547
202403 9.012 149.044 9.860
202406 9.337 150.997 10.084
202409 9.430 153.439 10.022
202412 9.946 154.660 10.487
202503 10.083 157.021 10.471
202506 10.174 157.509 10.533
202509 10.303 158.000 10.634
202512 10.841 158.320 11.166
202603 10.928 163.070 10.928

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 1.57 mean?
Mirbud (WAR:MRB) has a Cyclically Adjusted PB Ratio of 1.57 as of Aug. 10, 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 Mirbud and its competitors. This is 32% above median its historical median of 1.19. Over the past decade, Mirbud's Cyclically Adjusted PB Ratio has ranged from 0.22 to 2.45. According to the industry distribution chart, Mirbud ranks #819 out of 1343 companies in the Construction industry, placing it in the top 61%.
Is Mirbud's Cyclically Adjusted PB Ratio too high?
Mirbud's current Cyclically Adjusted PB Ratio of 1.57 is 32% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 2.45. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Mirbud's value of 1.57 is 34.2% above this industry median. Based on the distribution chart, Mirbud ranks #819 out of 1343 companies in the Construction industry, which is below the industry midpoint. Overall, Mirbud has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mirbud's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Mirbud ranks #819 out of 1343 companies for Cyclically Adjusted PB Ratio. This places Mirbud in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Mirbud's value of 1.57 is 34.2% above this benchmark. Historically, Mirbud's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 2.45 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.17, Mirbud 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,343 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. Mirbud's current Cyclically Adjusted PB Ratio of 1.57 is 34.2% 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 Mirbud and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirbud's current Cyclically Adjusted PB Ratio is 1.57, which is 32% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirbud stock overvalued right now?
Based on GuruFocus' analysis, Mirbud (WAR:MRB) is currently considered Modestly Overvalued. The stock's GF Value™ is zł9.38, compared to a current price of zł12.20 — trading 30.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.57, which is 32% above median its 10-year median of 1.19 and 34.2% above the Construction industry median of 1.17. Mirbud's overall GF Score™ is 81/100 with 6 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 Mirbud (WAR:MRB), the current Cyclically Adjusted PB Ratio is 1.57 as of Aug. 10, 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 Mirbud (WAR:MRB) Overvalued in 2026?

Based on GuruFocus' analysis, Mirbud stock appears to be overvalued. The current stock price of zł12.20 is trading 30.1% above its estimated GF Value™ of zł9.38. GuruFocus considers Mirbud to be Modestly Overvalued.

Key valuation signals for WAR:MRB:

  • Cyclically Adjusted PB Ratio: 1.57 (32% above median its 10-year median of 1.19)
  • GF Value™: zł9.38 vs. price of zł12.20 (30.1% above fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 34.2% above the Construction median (#819 of 1343)

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


Mirbud Business Description

Other Exchanges 9SX:Germany
Address European Union 18, Skierniewice, POL, 96-100
Mirbud SA is a construction company. The company acts as a general contractor or a general investment contractor on the construction market in Poland. The scope of construction and assembly services offered to clients includes such sectors as housing buildings, public utility buildings, commercial facilities & engineering and road construction works.
81GF Score

Get the complete analysis for WAR:MRB

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

zł12.20
Price
zł9.38
GF Value