Mostostal Warszawa (WAR:MSW) Cyclically Adjusted PB Ratio: 0.61 (As of Jul. 22, 2026) — 14% Below Median

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Director of Data and Quant Analytics at GuruFocus
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WAR:MSW Mostostal Warszawa SA WAR:MSW
58 GF Score
Price zł3.70
GF Value zł5.12
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Mostostal Warszawa Cyclically Adjusted PB Ratio?

Mostostal Warszawa WAR:MSW +2.78% 58 Cyclically Adjusted PB Ratio is 0.61 as of Jul. 22, 2026, which is 14% below its 10-year median of 0.71. GuruFocus rates WAR:MSW with a GF Score™ of 58/100 and a GF Value™ of zł5.12 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,363 Construction companies, Mostostal Warszawa ranks better than 74.17% on this metric.

As of today (2026-07-22), Mostostal Warszawa's current share price is zł3.70. Mostostal Warszawa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł6.11. Mostostal Warszawa's Cyclically Adjusted PB Ratio for today is 0.61.

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

WAR:MSW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.71   Max: 1.28
Current: 0.59

During the past years, Mostostal Warszawa's highest Cyclically Adjusted PB Ratio was 1.28. The lowest was 0.15. And the median was 0.71.

WAR:MSW's Cyclically Adjusted PB Ratio is ranked better than
74.17% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs WAR:MSW: 0.59

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.

Mostostal Warszawa's adjusted book value per share data for the three months ended in Mar. 2026 was zł-2.099. 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 zł6.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mostostal Warszawa  (WAR:MSW) 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.


Mostostal Warszawa Cyclically Adjusted PB Ratio Related Terms


Mostostal Warszawa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mostostal Warszawa'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.

Mostostal Warszawa Cyclically Adjusted PB Ratio Chart

Mostostal Warszawa 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 0.76 0.67 0.83 0.72 1.24

Mostostal Warszawa 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 1.00 1.15 1.01 1.24 1.06

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

For the Engineering & Construction subindustry, Mostostal Warszawa'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.


Mostostal Warszawa Cyclically Adjusted PB Ratio vs Construction Industry

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

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


WAR:MSW
58GF Score
Mostostal Warszawa SA WAR:MSW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mostostal Warszawa 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.

Mostostal Warszawa's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.70/6.11
=0.61

* 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.

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

For example, Mostostal Warszawa'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)
=-2.099/163.0700*163.0700
=-2.099

Current CPI (Mar. 2026) = 163.0700.

Mostostal Warszawa Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.703 99.552 17.532
201609 11.382 99.064 18.736
201612 6.121 100.366 9.945
201703 11.504 101.018 18.571
201706 11.830 101.180 19.066
201709 11.378 101.343 18.308
201712 4.244 102.564 6.748
201803 6.161 102.564 9.796
201806 5.066 103.378 7.991
201809 4.839 103.378 7.633
201812 2.041 103.785 3.207
201903 4.091 104.274 6.398
201906 3.649 105.983 5.615
201909 3.357 105.983 5.165
201912 2.007 107.123 3.055
202003 1.642 109.076 2.455
202006 1.828 109.402 2.725
202009 2.017 109.320 3.009
202012 2.155 109.565 3.207
202103 2.241 112.658 3.244
202106 2.787 113.960 3.988
202109 2.728 115.588 3.849
202112 2.917 119.088 3.994
202203 2.952 125.031 3.850
202206 2.890 131.705 3.578
202209 3.461 135.531 4.164
202212 3.823 139.113 4.481
202303 3.861 145.950 4.314
202306 4.058 147.009 4.501
202309 4.180 146.113 4.665
202312 4.911 147.741 5.421
202403 4.716 149.044 5.160
202406 3.735 150.997 4.034
202409 4.368 153.439 4.642
202412 3.551 154.660 3.744
202503 3.565 157.021 3.702
202506 3.618 157.509 3.746
202509 3.686 158.000 3.804
202512 -1.607 158.320 -1.655
202603 -2.099 163.070 -2.099

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 0.61 mean?
Mostostal Warszawa (WAR:MSW) has a Cyclically Adjusted PB Ratio of 0.61 as of Jul. 22, 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 Mostostal Warszawa and its competitors. This is 14% below median its historical median of 0.71. Over the past decade, Mostostal Warszawa's Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.28. According to the industry distribution chart, Mostostal Warszawa ranks #352 out of 1363 companies in the Construction industry, placing it in the top 25.8%.
Is Mostostal Warszawa's Cyclically Adjusted PB Ratio too high?
Mostostal Warszawa's current Cyclically Adjusted PB Ratio of 0.61 is 14% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.28. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Mostostal Warszawa's value of 0.61 is 47.9% below this industry median. Based on the distribution chart, Mostostal Warszawa ranks #352 out of 1363 companies in the Construction industry, which is above the industry midpoint. Overall, Mostostal Warszawa has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mostostal Warszawa's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Mostostal Warszawa ranks #352 out of 1363 companies for Cyclically Adjusted PB Ratio. This puts Mostostal Warszawa in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Mostostal Warszawa's value of 0.61 is 47.9% below this benchmark. Historically, Mostostal Warszawa's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.28 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.17, Mostostal Warszawa 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,363 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. Mostostal Warszawa's current Cyclically Adjusted PB Ratio of 0.61 is 47.9% 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 Mostostal Warszawa 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. Mostostal Warszawa's current Cyclically Adjusted PB Ratio is 0.61, which is 14% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mostostal Warszawa stock overvalued right now?
Based on GuruFocus' analysis, Mostostal Warszawa (WAR:MSW) is currently considered Modestly Undervalued. The stock's GF Value™ is zł5.12, compared to a current price of zł3.70 — trading 27.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.61, which is 14% below median its 10-year median of 0.71 and 47.9% below the Construction industry median of 1.17. Mostostal Warszawa's overall GF Score™ is 58/100 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 Mostostal Warszawa (WAR:MSW), the current Cyclically Adjusted PB Ratio is 0.61 as of Jul. 22, 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 Mostostal Warszawa (WAR:MSW) Overvalued in 2026?

Based on GuruFocus' analysis, Mostostal Warszawa stock appears to be undervalued. The current stock price of zł3.70 is trading 27.7% below its estimated GF Value™ of zł5.12. GuruFocus considers Mostostal Warszawa to be Modestly Undervalued.

Key valuation signals for WAR:MSW:

  • Cyclically Adjusted PB Ratio: 0.61 (14% below median its 10-year median of 0.71)
  • GF Value™: zł5.12 vs. price of zł3.70 (27.7% below fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 47.9% below the Construction median (#352 of 1363)

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


Mostostal Warszawa Business Description

Address Ul. Konstruktorska 12A, Warszawa, POL, 02-673
Mostostal Warszawa SA is a Poland based construction company. It operates as the general contractor and undertakes construction activities in the areas of general, industrial, environmental, energy, infrastructural and road. General construction includes commercial construction like residential buildings and housing developments, office facilities, public buildings, production halls, and warehouses. Industrial construction encompasses the development of large-scale industrial projects. Infrastructural and road construction consists of the construction of bridges, overpasses, multi-level crossings and underground structures. Environmental construction consists of the execution and supply of equipment related to environmental protection, including turnkey energy facilities.
58GF Score

Get the complete analysis for WAR:MSW

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

zł3.70
Price
zł5.12
GF Value