MaxiPizza (WAR:MXP) Cyclically Adjusted PB Ratio: 0.48 (As of Aug. 01, 2026) — 30% Below Median

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WAR:MXP MaxiPizza SA WAR:MXP
38 GF Score
Price zł0.42
GF Value zł0.40
Valuation Fairly Valued
! 7 Warning Signs
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What is MaxiPizza Cyclically Adjusted PB Ratio?

MaxiPizza WAR:MXP 38 Cyclically Adjusted PB Ratio is 0.48 as of Aug. 01, 2026, which is 30% below its 10-year median of 0.69. GuruFocus rates WAR:MXP with a GF Score™ of 38/100 and a GF Value™ of zł0.40 (Fairly Valued). The stock has 7 warning signs investors should review. Among 255 Restaurants companies, MaxiPizza ranks better than 80% on this metric.

As of today (2026-08-01), MaxiPizza's current share price is zł0.421. MaxiPizza's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.88. MaxiPizza's Cyclically Adjusted PB Ratio for today is 0.48.

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

WAR:MXP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.69   Max: 1.43
Current: 0.59

During the past years, MaxiPizza's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.40. And the median was 0.69.

WAR:MXP's Cyclically Adjusted PB Ratio is ranked better than
80% of 255 companies
in the Restaurants industry
Industry Median: 1.8 vs WAR:MXP: 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.

MaxiPizza's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.631. 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 zł0.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MaxiPizza  (WAR:MXP) 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.


MaxiPizza Cyclically Adjusted PB Ratio Related Terms


MaxiPizza Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MaxiPizza'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.

MaxiPizza Cyclically Adjusted PB Ratio Chart

MaxiPizza 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 1.18 0.82 0.67 0.50 0.47

MaxiPizza 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 0.64 0.59 0.53 0.47 0.56

WAR:MXP vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, MaxiPizza'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.


MaxiPizza Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, MaxiPizza's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MXP
38GF Score
MaxiPizza SA WAR:MXP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MaxiPizza 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.421/0.88
=0.48

* 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.

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

For example, MaxiPizza'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)
=0.631/163.0700*163.0700
=0.631

Current CPI (Mar. 2026) = 163.0700.

MaxiPizza Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 99.552 0.000
201609 0.449 99.064 0.739
201612 0.430 100.366 0.699
201703 0.437 101.018 0.705
201706 0.440 101.180 0.709
201709 0.480 101.343 0.772
201712 0.484 102.564 0.770
201803 0.552 102.564 0.878
201806 0.577 103.378 0.910
201809 0.804 103.378 1.268
201812 0.549 103.785 0.863
201903 0.577 104.274 0.902
201906 0.586 105.983 0.902
201909 0.820 105.983 1.262
201912 0.587 107.123 0.894
202003 0.604 109.076 0.903
202006 0.601 109.402 0.896
202009 0.585 109.320 0.873
202012 0.758 109.565 1.128
202103 0.768 112.658 1.112
202106 0.790 113.960 1.130
202109 0.797 115.588 1.124
202112 0.867 119.088 1.187
202203 0.868 125.031 1.132
202206 0.862 131.705 1.067
202209 0.883 135.531 1.062
202212 0.676 139.113 0.792
202303 0.672 145.950 0.751
202306 0.689 147.009 0.764
202309 0.699 146.113 0.780
202312 0.723 147.741 0.798
202403 0.704 149.044 0.770
202406 0.708 150.997 0.765
202409 0.676 153.439 0.718
202412 0.682 154.660 0.719
202503 0.680 157.021 0.706
202506 0.709 157.509 0.734
202509 0.709 158.000 0.732
202512 0.606 158.320 0.624
202603 0.631 163.070 0.631

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 0.48 mean?
MaxiPizza (WAR:MXP) has a Cyclically Adjusted PB Ratio of 0.48 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 MaxiPizza and its competitors. This is 30% below median its historical median of 0.69. Over the past decade, MaxiPizza's Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.43. According to the industry distribution chart, MaxiPizza ranks #51 out of 255 companies in the Restaurants industry, placing it in the top 20%.
Is MaxiPizza's Cyclically Adjusted PB Ratio too high?
MaxiPizza's current Cyclically Adjusted PB Ratio of 0.48 is 30% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.43. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.80. MaxiPizza's value of 0.48 is 73.3% below this industry median. Based on the distribution chart, MaxiPizza ranks #51 out of 255 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, MaxiPizza has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MaxiPizza's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, MaxiPizza ranks #51 out of 255 companies for Cyclically Adjusted PB Ratio. This places MaxiPizza in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.80. MaxiPizza's value of 0.48 is 73.3% below this benchmark. Historically, MaxiPizza's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.43 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.80, MaxiPizza 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.80, based on 255 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. MaxiPizza's current Cyclically Adjusted PB Ratio of 0.48 is 73.3% 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 MaxiPizza and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MaxiPizza's current Cyclically Adjusted PB Ratio is 0.48, which is 30% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MaxiPizza stock overvalued right now?
Based on GuruFocus' analysis, MaxiPizza (WAR:MXP) is currently considered Fairly Valued. The stock's GF Value™ is zł0.40, compared to a current price of zł0.42 — trading 5.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is 30% below median its 10-year median of 0.69 and 73.3% below the Restaurants industry median of 1.80. MaxiPizza's overall GF Score™ is 38/100 with 7 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 MaxiPizza (WAR:MXP), the current Cyclically Adjusted PB Ratio is 0.48 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 MaxiPizza (WAR:MXP) Overvalued in 2026?

Based on GuruFocus' analysis, MaxiPizza stock appears to be overvalued. The current stock price of zł0.42 is trading 5.2% above its estimated GF Value™ of zł0.40. GuruFocus considers MaxiPizza to be Fairly Valued.

Key valuation signals for WAR:MXP:

  • Cyclically Adjusted PB Ratio: 0.48 (30% below median its 10-year median of 0.69)
  • GF Value™: zł0.40 vs. price of zł0.42 (5.2% above fair value)
  • GF Score™: 38/100 with 7 warning signs
  • Industry Position: 73.3% below the Restaurants median (#51 of 255)

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


MaxiPizza Business Description

Address Ul. Sloneczna 1, Kielce, POL, 25-731
MaxiPizza SA owns and operates fast-food restaurants in Poland. It primarily offers various types of pizzas on thin or thick crust.
38GF Score

Get the complete analysis for WAR:MXP

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

zł0.42
Price
zł0.40
GF Value