M.W. Trade (WAR:MWT) Cyclically Adjusted PB Ratio: 0.19 (As of Aug. 10, 2026) — 51% 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:MWT M.W. Trade SA WAR:MWT
66 GF Score
Price zł2.36
GF Value zł31.22
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is M.W. Trade Cyclically Adjusted PB Ratio?

M.W. Trade WAR:MWT -5.60% 66 Cyclically Adjusted PB Ratio is 0.19 as of Aug. 10, 2026, which is 51% below its 10-year median of 0.39. GuruFocus rates WAR:MWT with a GF Score™ of 66/100 and a GF Value™ of zł31.22 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 383 Credit Services companies, M.W. Trade ranks better than 91.91% on this metric.

As of today (2026-08-10), M.W. Trade's current share price is zł2.36. M.W. Trade's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł12.72. M.W. Trade's Cyclically Adjusted PB Ratio for today is 0.19.

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

WAR:MWT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.39   Max: 0.69
Current: 0.19

During the past years, M.W. Trade's highest Cyclically Adjusted PB Ratio was 0.69. The lowest was 0.17. And the median was 0.39.

WAR:MWT's Cyclically Adjusted PB Ratio is ranked better than
91.91% of 383 companies
in the Credit Services industry
Industry Median: 0.94 vs WAR:MWT: 0.19

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.

M.W. Trade's adjusted book value per share data for the three months ended in Mar. 2026 was zł5.988. 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 zł12.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


M.W. Trade  (WAR:MWT) 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.


M.W. Trade Cyclically Adjusted PB Ratio Related Terms


M.W. Trade Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for M.W. 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.

M.W. Trade Cyclically Adjusted PB Ratio Chart

M.W. 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 0.50 0.37 0.47 0.22 0.24

M.W. 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 0.27 0.26 0.35 0.24 0.34

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

For the Credit Services subindustry, M.W. 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.


M.W. Trade Cyclically Adjusted PB Ratio vs Credit Services Industry

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

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


WAR:MWT
66GF Score
M.W. Trade SA WAR:MWT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

M.W. 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.

M.W. Trade's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.36/12.72
=0.19

* 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.

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

For example, M.W. 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)
=5.988/163.0700*163.0700
=5.988

Current CPI (Mar. 2026) = 163.0700.

M.W. Trade Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.774 99.552 16.010
201609 10.068 99.064 16.573
201612 10.387 100.366 16.876
201703 10.559 101.018 17.045
201706 10.254 101.180 16.526
201709 10.476 101.343 16.857
201712 10.563 102.564 16.794
201803 10.459 102.564 16.629
201806 10.156 103.378 16.020
201809 10.275 103.378 16.208
201812 10.107 103.785 15.880
201903 10.202 104.274 15.955
201906 10.297 105.983 15.843
201909 9.856 105.983 15.165
201912 9.860 107.123 15.010
202003 9.818 109.076 14.678
202006 7.643 109.402 11.392
202009 7.331 109.320 10.935
202012 7.302 109.565 10.868
202103 7.252 112.658 10.497
202106 7.319 113.960 10.473
202109 7.336 115.588 10.350
202112 7.229 119.088 9.899
202203 3.651 125.031 4.762
202206 11.669 131.705 14.448
202209 11.558 135.531 13.906
202212 11.535 139.113 13.522
202303 11.431 145.950 12.772
202306 11.166 147.009 12.386
202309 10.761 146.113 12.010
202312 10.424 147.741 11.506
202403 10.130 149.044 11.083
202406 9.854 150.997 10.642
202409 9.602 153.439 10.205
202412 8.949 154.660 9.436
202503 9.030 157.021 9.378
202506 8.463 157.509 8.762
202509 7.961 158.000 8.216
202512 7.065 158.320 7.277
202603 5.988 163.070 5.988

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 0.19 mean?
M.W. Trade (WAR:MWT) has a Cyclically Adjusted PB Ratio of 0.19 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 M.W. Trade and its competitors. This is 51% below median its historical median of 0.39. Over the past decade, M.W. Trade's Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.69. According to the industry distribution chart, M.W. Trade ranks #31 out of 383 companies in the Credit Services industry, placing it in the top 8.1%.
Is M.W. Trade's Cyclically Adjusted PB Ratio too high?
M.W. Trade's current Cyclically Adjusted PB Ratio of 0.19 is 51% below median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.69. The Credit Services industry median Cyclically Adjusted PB Ratio is 0.94. M.W. Trade's value of 0.19 is 79.8% below this industry median. Based on the distribution chart, M.W. Trade ranks #31 out of 383 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, M.W. Trade has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does M.W. Trade's Cyclically Adjusted PB Ratio compare to V and MA?
According to the Credit Services industry distribution chart, M.W. Trade ranks #31 out of 383 companies for Cyclically Adjusted PB Ratio. This places M.W. Trade in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.94. M.W. Trade's value of 0.19 is 79.8% below this benchmark. Historically, M.W. Trade's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.69 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.94, M.W. 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 Credit Services company?
The median Cyclically Adjusted PB Ratio among Credit Services companies is 0.94, based on 383 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. M.W. Trade's current Cyclically Adjusted PB Ratio of 0.19 is 79.8% 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 M.W. Trade and its competitors. For the Credit Services industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M.W. Trade's current Cyclically Adjusted PB Ratio is 0.19, which is 51% below median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M.W. Trade stock overvalued right now?
Based on GuruFocus' analysis, M.W. Trade (WAR:MWT) is currently considered Possible Value Trap. The stock's GF Value™ is zł31.22, compared to a current price of zł2.36 — trading 92.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 51% below median its 10-year median of 0.39 and 79.8% below the Credit Services industry median of 0.94. M.W. Trade's overall GF Score™ is 66/100 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 M.W. Trade (WAR:MWT), the current Cyclically Adjusted PB Ratio is 0.19 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 M.W. Trade (WAR:MWT) Overvalued in 2026?

Based on GuruFocus' analysis, M.W. Trade stock appears to be undervalued. The current stock price of zł2.36 is trading 92.4% below its estimated GF Value™ of zł31.22. GuruFocus considers M.W. Trade to be Possible Value Trap.

Key valuation signals for WAR:MWT:

  • Cyclically Adjusted PB Ratio: 0.19 (51% below median its 10-year median of 0.39)
  • GF Value™: zł31.22 vs. price of zł2.36 (92.4% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 79.8% below the Credit Services median (#31 of 383)

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


M.W. Trade Business Description

Address ul. Powstancow Slaskich 125/200, Wroclaw, POL, 53-317
M.W. Trade SA offers financial services to the entities operating in the medical market and local government units. The company focuses on the restructuring of liabilities, financing of investments, loans, financing receivables, or financial leasing. Its clients are international pharmaceutical concerns, manufacturers of medical equipment, and other local enterprises.
66GF Score

Get the complete analysis for WAR:MWT

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

zł2.36
Price
zł31.22
GF Value