One More Level (WAR:OML) Cyclically Adjusted PB Ratio: 4.93 (As of Aug. 10, 2026) — 13% Below Median

Author: Vera Yuan Vera Yuan
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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
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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:OML One More Level SA WAR:OML
38 GF Score
Price zł2.27
GF Value zł0.48
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is One More Level Cyclically Adjusted PB Ratio?

One More Level WAR:OML +2.25% 38 Cyclically Adjusted PB Ratio is 4.93 as of Aug. 10, 2026, which is 13% below its 10-year median of 5.65. GuruFocus rates WAR:OML with a GF Score™ of 38/100 and a GF Value™ of zł0.48 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 346 Interactive Media companies, One More Level ranks worse than 84.1% on this metric.

As of today (2026-08-10), One More Level's current share price is zł2.27. One More Level's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.46. One More Level's Cyclically Adjusted PB Ratio for today is 4.93.

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

WAR:OML' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.87   Med: 5.65   Max: 24.04
Current: 4.91

During the past years, One More Level's highest Cyclically Adjusted PB Ratio was 24.04. The lowest was 2.87. And the median was 5.65.

WAR:OML's Cyclically Adjusted PB Ratio is ranked worse than
84.1% of 346 companies
in the Interactive Media industry
Industry Median: 1.505 vs WAR:OML: 4.91

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.

One More Level's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.202. 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 zł0.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


One More Level  (WAR:OML) 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.


One More Level Cyclically Adjusted PB Ratio Related Terms


One More Level Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for One More Level'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.

One More Level Cyclically Adjusted PB Ratio Chart

One More Level 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 18.75 5.89 4.69 3.26 5.10

One More Level 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 3.38 3.54 6.02 5.10 5.59

WAR:OML vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, One More Level'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.


One More Level Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, One More Level's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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

One More Level 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.

One More Level's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.27/0.46
=4.93

* 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.

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

For example, One More Level'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)
=0.202/163.0700*163.0700
=0.202

Current CPI (Mar. 2026) = 163.0700.

One More Level Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.051 99.552 -0.084
201609 -0.055 99.064 -0.091
201612 -0.050 100.366 -0.081
201703 0.001 101.018 0.002
201706 0.000 101.180 0.000
201709 -0.005 101.343 -0.008
201712 -0.012 102.564 -0.019
201803 0.671 102.564 1.067
201806 0.675 103.378 1.065
201809 0.677 103.378 1.068
201812 0.638 103.785 1.002
201903 0.640 104.274 1.001
201906 0.641 105.983 0.986
201909 0.641 105.983 0.986
201912 0.527 107.123 0.802
202003 0.607 109.076 0.907
202006 0.477 109.402 0.711
202009 0.454 109.320 0.677
202012 0.360 109.565 0.536
202103 0.340 112.658 0.492
202106 0.390 113.960 0.558
202109 0.413 115.588 0.583
202112 0.423 119.088 0.579
202203 0.401 125.031 0.523
202206 0.390 131.705 0.483
202209 0.357 135.531 0.430
202212 0.383 139.113 0.449
202303 0.339 145.950 0.379
202306 0.273 147.009 0.303
202309 0.226 146.113 0.252
202312 0.106 147.741 0.117
202403 0.230 149.044 0.252
202406 0.209 150.997 0.226
202409 0.331 153.439 0.352
202412 0.162 154.660 0.171
202503 0.252 157.021 0.262
202506 0.341 157.509 0.353
202509 0.306 158.000 0.316
202512 0.223 158.320 0.230
202603 0.202 163.070 0.202

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 4.93 mean?
One More Level (WAR:OML) has a Cyclically Adjusted PB Ratio of 4.93 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 One More Level and its competitors. This is 13% below median its historical median of 5.65. Over the past decade, One More Level's Cyclically Adjusted PB Ratio has ranged from 2.87 to 24.04. According to the industry distribution chart, One More Level ranks #291 out of 346 companies in the Interactive Media industry, placing it in the top 84.1%.
Is One More Level's Cyclically Adjusted PB Ratio too high?
One More Level's current Cyclically Adjusted PB Ratio of 4.93 is 13% below median its 10-year median of 5.65. Over the past 10 years, this metric has ranged from a low of 2.87 to a high of 24.04. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. One More Level's value of 4.93 is 227.6% above this industry median. Based on the distribution chart, One More Level ranks #291 out of 346 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, One More Level has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does One More Level's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, One More Level ranks #291 out of 346 companies for Cyclically Adjusted PB Ratio. This places One More Level in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. One More Level's value of 4.93 is 227.6% above this benchmark. Historically, One More Level's own Cyclically Adjusted PB Ratio has ranged from 2.87 to 24.04 over the past decade. While the company's 10-year median is 5.65 vs. the industry median of 1.51, One More Level 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.51, based on 346 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. One More Level's current Cyclically Adjusted PB Ratio of 4.93 is 227.6% 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 One More Level and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One More Level's current Cyclically Adjusted PB Ratio is 4.93, which is 13% below median its own 10-year median of 5.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One More Level stock overvalued right now?
Based on GuruFocus' analysis, One More Level (WAR:OML) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.48, compared to a current price of zł2.27 — trading 372.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.93, which is 13% below median its 10-year median of 5.65 and 227.6% above the Interactive Media industry median of 1.51. One More Level's overall GF Score™ is 38/100 with 3 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 One More Level (WAR:OML), the current Cyclically Adjusted PB Ratio is 4.93 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 One More Level (WAR:OML) Overvalued in 2026?

Based on GuruFocus' analysis, One More Level stock appears to be overvalued. The current stock price of zł2.27 is trading 372.9% above its estimated GF Value™ of zł0.48. GuruFocus considers One More Level to be Significantly Overvalued.

Key valuation signals for WAR:OML:

  • Cyclically Adjusted PB Ratio: 4.93 (13% below median its 10-year median of 5.65)
  • GF Value™: zł0.48 vs. price of zł2.27 (372.9% above fair value)
  • GF Score™: 38/100 with 3 warning signs
  • Industry Position: 227.6% above the Interactive Media median (#291 of 346)

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


One More Level Business Description

Address Os. Z?ota Wieku 89, Cracow, POL, 31-618
One More Level SA is a game development studio in Poland. The company publishes video games such as Warlocks vs Shadows, Deadlings, Race to Mars. It is a certified publisher for platforms Xbox One, PS4, PSVITA, Nintendo and Steam.
38GF Score

Get the complete analysis for WAR:OML

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

zł2.27
Price
zł0.48
GF Value