Marka (WAR:MRK) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

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:MRK Marka SA WAR:MRK
30 GF Score
Price zł0.20
GF Value zł0.36
! 2 Warning Signs
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What is Marka Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Marka  (WAR:MRK) 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.


Marka Cyclically Adjusted PB Ratio Related Terms


Marka Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Marka'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.

Marka Cyclically Adjusted PB Ratio Chart

Marka 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 0.00 0.00 0.00

Marka 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 0.00 0.00 0.00 0.00 0.00

WAR:MRK vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, Marka'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.


Marka Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Marka's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MRK
30GF Score
Marka SA WAR:MRK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Marka 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.

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

For example, Marka'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)
=-7.46/163.0700*163.0700
=-7.460

Current CPI (Mar. 2026) = 163.0700.

Marka Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.626 99.552 4.301
201609 2.525 99.064 4.156
201612 1.612 100.366 2.619
201703 1.432 101.018 2.312
201706 0.395 101.180 0.637
201709 -0.027 101.343 -0.043
201712 -1.063 102.564 -1.690
201803 -1.093 102.564 -1.738
201806 -2.566 103.378 -4.048
201809 -3.404 103.378 -5.370
201812 -6.881 103.785 -10.812
201903 -5.015 104.274 -7.843
201906 -6.444 105.983 -9.915
201909 -6.826 105.983 -10.503
201912 -8.827 107.123 -13.437
202003 -6.968 109.076 -10.417
202006 -6.660 109.402 -9.927
202009 -6.737 109.320 -10.049
202012 -7.168 109.565 -10.668
202103 -7.237 112.658 -10.475
202106 -7.371 113.960 -10.547
202109 -7.451 115.588 -10.512
202112 -7.326 119.088 -10.032
202203 -7.433 125.031 -9.694
202206 -7.417 131.705 -9.183
202209 -7.483 135.531 -9.003
202212 -7.468 139.113 -8.754
202303 -7.699 145.950 -8.602
202306 -7.632 147.009 -8.466
202309 -7.711 146.113 -8.606
202312 -7.773 147.741 -8.579
202403 -8.002 149.044 -8.755
202406 -7.301 150.997 -7.885
202409 -7.310 153.439 -7.769
202412 -7.367 154.660 -7.768
202503 -7.374 157.021 -7.658
202506 -7.348 157.509 -7.607
202509 -7.378 158.000 -7.615
202512 -7.616 158.320 -7.844
202603 -7.460 163.070 -7.460

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.

Is Marka (WAR:MRK) Overvalued in 2026?

Based on GuruFocus' analysis, Marka stock appears to be undervalued. The current stock price of zł0.20 is trading 44.4% below its estimated GF Value™ of zł0.36.

Key valuation signals for WAR:MRK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł0.36 vs. price of zł0.20 (44.4% below fair value)
  • GF Score™: 30/100 with 2 warning signs

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


Marka Business Description

Address Ulica Street Rocha 5, lok. 109, Bialystok, POL, 15-879
Marka SA is a financial institution. The company is engaged in granting cash loans to natural persons. The company offers loans in two variants: a loan with a representative service in the customer's home with weekly installments and a loan to a bank account with monthly installments.
30GF Score

Get the complete analysis for WAR:MRK

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

zł0.20
Price
zł0.36
GF Value