Maxcom Spolka Akcyjna (WAR:MXC) Cyclically Adjusted PB Ratio: 0.20 (As of Aug. 01, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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WAR:MXC Maxcom Spolka Akcyjna WAR:MXC
74 GF Score
Price zł5.80
GF Value zł6.17
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Maxcom Spolka Akcyjna Cyclically Adjusted PB Ratio?

Maxcom Spolka Akcyjna WAR:MXC +2.84% 74 Cyclically Adjusted PB Ratio is 0.20 as of Aug. 01, 2026, which is 5% above its 10-year median of 0.19. GuruFocus rates WAR:MXC with a GF Score™ of 74/100 and a GF Value™ of zł6.17 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,974 Hardware companies, Maxcom Spolka Akcyjna ranks better than 96.45% on this metric.

As of today (2026-08-01), Maxcom Spolka Akcyjna's current share price is zł5.80. Maxcom Spolka Akcyjna's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł29.40. Maxcom Spolka Akcyjna's Cyclically Adjusted PB Ratio for today is 0.20.

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

WAR:MXC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.19   Max: 0.24
Current: 0.19

During the past years, Maxcom Spolka Akcyjna's highest Cyclically Adjusted PB Ratio was 0.24. The lowest was 0.16. And the median was 0.19.

WAR:MXC's Cyclically Adjusted PB Ratio is ranked better than
96.45% of 1974 companies
in the Hardware industry
Industry Median: 1.99 vs WAR:MXC: 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.

Maxcom Spolka Akcyjna's adjusted book value per share data for the three months ended in Mar. 2026 was zł19.303. 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 zł29.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxcom Spolka Akcyjna  (WAR:MXC) 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.


Maxcom Spolka Akcyjna Cyclically Adjusted PB Ratio Related Terms


Maxcom Spolka Akcyjna Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maxcom Spolka Akcyjna'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.

Maxcom Spolka Akcyjna Cyclically Adjusted PB Ratio Chart

Maxcom Spolka Akcyjna 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 0.16

Maxcom Spolka Akcyjna 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 0.24 0.18 0.16 0.18

WAR:MXC vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Maxcom Spolka Akcyjna'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.


Maxcom Spolka Akcyjna Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Maxcom Spolka Akcyjna's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MXC
74GF Score
Maxcom Spolka Akcyjna WAR:MXC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxcom Spolka Akcyjna 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.

Maxcom Spolka Akcyjna's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.80/29.40
=0.20

* 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.

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

For example, Maxcom Spolka Akcyjna'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)
=19.303/163.0700*163.0700
=19.303

Current CPI (Mar. 2026) = 163.0700.

Maxcom Spolka Akcyjna Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 99.552 0.000
201609 0.000 99.064 0.000
201612 8.624 100.366 14.012
201703 9.663 101.018 15.599
201706 20.663 101.180 33.302
201709 21.444 101.343 34.505
201712 22.714 102.564 36.114
201803 23.186 102.564 36.864
201806 23.320 103.378 36.785
201809 24.323 103.378 38.367
201812 25.972 103.785 40.808
201903 26.285 104.274 41.106
201906 24.399 105.983 37.541
201909 24.712 105.983 38.023
201912 24.944 107.123 37.972
202003 25.026 109.076 37.414
202006 23.233 109.402 34.630
202009 23.697 109.320 35.348
202012 24.036 109.565 35.774
202103 24.070 112.658 34.841
202106 23.224 113.960 33.232
202109 23.911 115.588 33.733
202112 24.233 119.088 33.183
202203 24.056 125.031 31.375
202206 22.384 131.705 27.715
202209 22.267 135.531 26.791
202212 21.614 139.113 25.336
202303 21.596 145.950 24.129
202306 21.584 147.009 23.942
202309 22.338 146.113 24.930
202312 21.811 147.741 24.074
202403 21.992 149.044 24.062
202406 20.565 150.997 22.209
202409 20.653 153.439 21.949
202412 20.403 154.660 21.512
202503 19.656 157.021 20.413
202506 19.231 157.509 19.910
202509 19.340 158.000 19.961
202512 19.799 158.320 20.393
202603 19.303 163.070 19.303

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 0.20 mean?
Maxcom Spolka Akcyjna (WAR:MXC) has a Cyclically Adjusted PB Ratio of 0.20 as of Aug. 01, 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 Maxcom Spolka Akcyjna and its competitors. This is near median its historical median of 0.19. Over the past decade, Maxcom Spolka Akcyjna's Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.24. According to the industry distribution chart, Maxcom Spolka Akcyjna ranks #70 out of 1974 companies in the Hardware industry, placing it in the top 3.5%.
Is Maxcom Spolka Akcyjna's Cyclically Adjusted PB Ratio too high?
Maxcom Spolka Akcyjna's current Cyclically Adjusted PB Ratio of 0.20 is near median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.24. The Hardware industry median Cyclically Adjusted PB Ratio is 1.99. Maxcom Spolka Akcyjna's value of 0.20 is 89.9% below this industry median. Based on the distribution chart, Maxcom Spolka Akcyjna ranks #70 out of 1974 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Maxcom Spolka Akcyjna has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maxcom Spolka Akcyjna's Cyclically Adjusted PB Ratio compare to AAPL?
According to the Hardware industry distribution chart, Maxcom Spolka Akcyjna ranks #70 out of 1974 companies for Cyclically Adjusted PB Ratio. This places Maxcom Spolka Akcyjna in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.99. Maxcom Spolka Akcyjna's value of 0.20 is 89.9% below this benchmark. Historically, Maxcom Spolka Akcyjna's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.24 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 1.99, Maxcom Spolka Akcyjna 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 1.99, based on 1,974 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. Maxcom Spolka Akcyjna's current Cyclically Adjusted PB Ratio of 0.20 is 89.9% 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 Maxcom Spolka Akcyjna and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maxcom Spolka Akcyjna's current Cyclically Adjusted PB Ratio is 0.20, which is near median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxcom Spolka Akcyjna stock overvalued right now?
Based on GuruFocus' analysis, Maxcom Spolka Akcyjna (WAR:MXC) is currently considered Fairly Valued. The stock's GF Value™ is zł6.17, compared to a current price of zł5.80 — trading 6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.20, which is near median its 10-year median of 0.19 and 89.9% below the Hardware industry median of 1.99. Maxcom Spolka Akcyjna's overall GF Score™ is 74/100 with 2 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 Maxcom Spolka Akcyjna (WAR:MXC), the current Cyclically Adjusted PB Ratio is 0.20 as of Aug. 01, 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 Maxcom Spolka Akcyjna (WAR:MXC) Overvalued in 2026?

Based on GuruFocus' analysis, Maxcom Spolka Akcyjna stock appears to be undervalued. The current stock price of zł5.80 is trading 6% below its estimated GF Value™ of zł6.17. GuruFocus considers Maxcom Spolka Akcyjna to be Fairly Valued.

Key valuation signals for WAR:MXC:

  • Cyclically Adjusted PB Ratio: 0.20 (near median its 10-year median of 0.19)
  • GF Value™: zł6.17 vs. price of zł5.80 (6% below fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 89.9% below the Hardware median (#70 of 1974)

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


Maxcom Spolka Akcyjna Business Description

Address Towarowa Street 23a, Tychy, POL, 43-100
Maxcom Spolka Akcyjna is engaged in the production and distribution of consumer electronics. The company's product portfolio includes, among others, mobile phones, including smartphones, wireless speakers, sports watches and bands, electric scooters, cleaning robots, LED lights, photovoltaic products and Smart Home.
74GF Score

Get the complete analysis for WAR:MXC

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

zł5.80
Price
zł6.17
GF Value