NWAI Dom Maklerski (WAR:NWA) Cyclically Adjusted PB Ratio: 2.81 (As of Aug. 07, 2026) — 12% Above Median

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WAR:NWA NWAI Dom Maklerski SA WAR:NWA
63 GF Score
Price zł31.40
GF Value zł9.87
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is NWAI Dom Maklerski Cyclically Adjusted PB Ratio?

NWAI Dom Maklerski WAR:NWA -1.26% 63 Cyclically Adjusted PB Ratio is 2.81 as of Aug. 07, 2026, which is 12% above its 10-year median of 2.51. GuruFocus rates WAR:NWA with a GF Score™ of 63/100 and a GF Value™ of zł9.87 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 611 Capital Markets companies, NWAI Dom Maklerski ranks worse than 72.67% on this metric.

As of today (2026-08-07), NWAI Dom Maklerski's current share price is zł31.40. NWAI Dom Maklerski's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł11.16. NWAI Dom Maklerski's Cyclically Adjusted PB Ratio for today is 2.81.

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

WAR:NWA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.77   Med: 2.51   Max: 3.99
Current: 2.85

During the past years, NWAI Dom Maklerski's highest Cyclically Adjusted PB Ratio was 3.99. The lowest was 1.77. And the median was 2.51.

WAR:NWA's Cyclically Adjusted PB Ratio is ranked worse than
72.67% of 611 companies
in the Capital Markets industry
Industry Median: 1.29 vs WAR:NWA: 2.85

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.

NWAI Dom Maklerski's adjusted book value per share data for the three months ended in Jun. 2026 was zł15.280. 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 zł11.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NWAI Dom Maklerski  (WAR:NWA) 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.


NWAI Dom Maklerski Cyclically Adjusted PB Ratio Related Terms


NWAI Dom Maklerski Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NWAI Dom Maklerski'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.

NWAI Dom Maklerski Cyclically Adjusted PB Ratio Chart

NWAI Dom Maklerski 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 2.14 2.22 3.44 2.25 2.32

NWAI Dom Maklerski 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 2.22 2.35 2.32 2.64 2.78

WAR:NWA vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, NWAI Dom Maklerski'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.


NWAI Dom Maklerski Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


WAR:NWA
63GF Score
NWAI Dom Maklerski SA WAR:NWA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NWAI Dom Maklerski 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.

NWAI Dom Maklerski's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.40/11.16
=2.81

* 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.

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

For example, NWAI Dom Maklerski'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)
=15.28/162.2800*162.2800
=15.280

Current CPI (Jun. 2026) = 162.2800.

NWAI Dom Maklerski Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.650 99.064 5.979
201612 3.832 100.366 6.196
201703 3.707 101.018 5.955
201706 3.841 101.180 6.160
201709 3.451 101.343 5.526
201712 3.857 102.564 6.103
201803 4.152 102.564 6.569
201806 3.958 103.378 6.213
201809 4.101 103.378 6.438
201812 4.002 103.785 6.258
201903 3.710 104.274 5.774
201906 4.349 105.983 6.659
201909 4.224 105.983 6.468
201912 5.978 107.123 9.056
202003 6.387 109.076 9.502
202006 6.711 109.402 9.955
202009 8.369 109.320 12.423
202012 9.544 109.565 14.136
202103 8.201 112.658 11.813
202106 7.932 113.960 11.295
202109 7.585 115.588 10.649
202112 10.469 119.088 14.266
202203 11.505 125.031 14.933
202206 9.517 131.705 11.726
202209 10.246 135.531 12.268
202212 11.161 139.113 13.020
202303 11.073 145.950 12.312
202306 10.918 147.009 12.052
202309 13.325 146.113 14.799
202312 14.590 147.741 16.026
202403 15.995 149.044 17.416
202406 12.724 150.997 13.675
202409 14.423 153.439 15.254
202412 14.654 154.660 15.376
202503 14.774 157.021 15.269
202506 14.184 157.509 14.614
202509 14.703 158.000 15.101
202512 16.876 158.320 17.298
202603 16.591 163.070 16.511
202606 15.280 162.280 15.280

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 2.81 mean?
NWAI Dom Maklerski (WAR:NWA) has a Cyclically Adjusted PB Ratio of 2.81 as of Aug. 07, 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 NWAI Dom Maklerski and its competitors. This is 12% above median its historical median of 2.51. Over the past decade, NWAI Dom Maklerski's Cyclically Adjusted PB Ratio has ranged from 1.77 to 3.99. According to the industry distribution chart, NWAI Dom Maklerski ranks #444 out of 611 companies in the Capital Markets industry, placing it in the top 72.7%.
Is NWAI Dom Maklerski's Cyclically Adjusted PB Ratio too high?
NWAI Dom Maklerski's current Cyclically Adjusted PB Ratio of 2.81 is 12% above median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 3.99. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.29. NWAI Dom Maklerski's value of 2.81 is 117.8% above this industry median. Based on the distribution chart, NWAI Dom Maklerski ranks #444 out of 611 companies in the Capital Markets industry, which is below the industry midpoint. Overall, NWAI Dom Maklerski has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NWAI Dom Maklerski's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, NWAI Dom Maklerski ranks #444 out of 611 companies for Cyclically Adjusted PB Ratio. This places NWAI Dom Maklerski in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. NWAI Dom Maklerski's value of 2.81 is 117.8% above this benchmark. Historically, NWAI Dom Maklerski's own Cyclically Adjusted PB Ratio has ranged from 1.77 to 3.99 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 1.29, NWAI Dom Maklerski has consistently been above 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.29, based on 611 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. NWAI Dom Maklerski's current Cyclically Adjusted PB Ratio of 2.81 is 117.8% above 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 NWAI Dom Maklerski and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NWAI Dom Maklerski's current Cyclically Adjusted PB Ratio is 2.81, which is 12% above median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NWAI Dom Maklerski stock overvalued right now?
Based on GuruFocus' analysis, NWAI Dom Maklerski (WAR:NWA) is currently considered Significantly Overvalued. The stock's GF Value™ is zł9.87, compared to a current price of zł31.40 — trading 218.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.81, which is 12% above median its 10-year median of 2.51 and 117.8% above the Capital Markets industry median of 1.29. NWAI Dom Maklerski's overall GF Score™ is 63/100 with 9 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 NWAI Dom Maklerski (WAR:NWA), the current Cyclically Adjusted PB Ratio is 2.81 as of Aug. 07, 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 NWAI Dom Maklerski (WAR:NWA) Overvalued in 2026?

Based on GuruFocus' analysis, NWAI Dom Maklerski stock appears to be overvalued. The current stock price of zł31.40 is trading 218.1% above its estimated GF Value™ of zł9.87. GuruFocus considers NWAI Dom Maklerski to be Significantly Overvalued.

Key valuation signals for WAR:NWA:

  • Cyclically Adjusted PB Ratio: 2.81 (12% above median its 10-year median of 2.51)
  • GF Value™: zł9.87 vs. price of zł31.40 (218.1% above fair value)
  • GF Score™: 63/100 with 9 warning signs
  • Industry Position: 117.8% above the Capital Markets median (#444 of 611)

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


NWAI Dom Maklerski Business Description

Address Nowy Swiat 64, Warsaw, POL, 00-357
NWAI Dom Maklerski SA provides comprehensive capital market services and solutions for enterprises and local government units. It offers its clients transaction advisory services in the preparation and implementation of capital market transactions using debt instruments, hybrid instruments, capital instruments, and investment certificates. The company focuses on handling securities issues, for which it acts as the offering issue organizer, and provides comprehensive pre- and post-issue services. The company also offers brokerage services in securities trading on the secondary market for domestic and foreign institutional investors. It also Excel services related to maintaining securities records and related services for the function of a depositary for closed-end investment funds.
63GF Score

Get the complete analysis for WAR:NWA

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

zł31.40
Price
zł9.87
GF Value