Notoria Serwis (WAR:NTS) Cyclically Adjusted PB Ratio: (As of Sep. 15, 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:NTS Notoria Serwis SA WAR:NTS
86 GF Score
Price zł7.50
GF Value zł8.61
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Notoria Serwis Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Notoria Serwis  (WAR:NTS) 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.


Notoria Serwis Cyclically Adjusted PB Ratio Related Terms


Notoria Serwis Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Notoria Serwis'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.

Notoria Serwis Cyclically Adjusted PB Ratio Chart

Notoria Serwis Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 5.97 5.07 3.40 4.78

Notoria Serwis Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.28 5.26 5.29 4.40 0.00

WAR:NTS vs SPGI, CME, ICE: Cyclically Adjusted PB Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Notoria Serwis'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.


Notoria Serwis Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Notoria Serwis's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:NTS
86GF Score
Notoria Serwis SA WAR:NTS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Notoria Serwis 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.

Notoria Serwis's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Notoria Serwis's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/162.2800*162.2800
=0.000

Current CPI (Jun. 2026) = 162.2800.

Notoria Serwis Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.626 99.552 1.020
201609 0.623 99.064 1.021
201612 0.679 100.366 1.098
201703 0.743 101.018 1.194
201706 0.803 101.180 1.288
201709 0.868 101.343 1.390
201712 0.990 102.564 1.566
201803 1.084 102.564 1.715
201806 1.094 103.378 1.717
201809 1.149 103.378 1.804
201812 1.118 103.785 1.748
201903 1.213 104.274 1.888
201906 1.269 105.983 1.943
201909 1.312 105.983 2.009
201912 1.361 107.123 2.062
202003 1.445 109.076 2.150
202006 1.474 109.402 2.186
202009 1.813 109.320 2.691
202103 2.080 112.658 2.996
202106 2.106 113.960 2.999
202109 1.830 115.588 2.569
202112 1.796 119.088 2.447
202203 1.863 125.031 2.418
202206 1.753 131.705 2.160
202209 1.608 135.531 1.925
202212 1.763 139.113 2.057
202303 1.842 145.950 2.048
202306 1.933 147.009 2.134
202309 1.762 146.113 1.957
202312 1.863 147.741 2.046
202403 1.849 149.044 2.013
202406 1.961 150.997 2.108
202409 1.673 153.439 1.769
202412 1.698 154.660 1.782
202503 1.723 157.021 1.781
202506 1.723 157.509 1.775
202509 1.753 158.000 1.800
202512 1.829 158.320 1.875
202603 1.888 163.070 1.879
202606 0.000 162.280 0.000

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 Notoria Serwis (WAR:NTS) Overvalued in 2026?

Based on GuruFocus' analysis, Notoria Serwis stock appears to be undervalued. The current stock price of zł7.50 is trading 12.9% below its estimated GF Value™ of zł8.61. GuruFocus considers Notoria Serwis to be Modestly Undervalued.

Key valuation signals for WAR:NTS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł8.61 vs. price of zł7.50 (12.9% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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


Notoria Serwis Business Description

Address ul. Miedziana 3A/17, Warszawa, POL, 00-814
Notoria Serwis SA develops, and delivers financial data. The company's main customers are news agencies, web portals, press releases, and investors.
86GF Score

Get the complete analysis for WAR:NTS

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

zł7.50
Price
zł8.61
GF Value