Onico (WAR:ONC) Cyclically Adjusted PB Ratio: (As of Aug. 03, 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:ONC Onico SA WAR:ONC
57 GF Score
Price zł13.40
GF Value zł4.83
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Onico Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Onico  (WAR:ONC) 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.


Onico Cyclically Adjusted PB Ratio Related Terms


Onico Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Onico'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.

Onico Cyclically Adjusted PB Ratio Chart

Onico 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 0.00

Onico 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 0.00 0.00 0.00 0.00

WAR:ONC vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Onico'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.


Onico Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Onico's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:ONC
57GF Score
Onico SA WAR:ONC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Onico 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.

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

For example, Onico'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)
=-19.104/163.0700*163.0700
=-19.104

Current CPI (Mar. 2026) = 163.0700.

Onico Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.764 99.552 9.442
201609 7.323 99.064 12.054
201612 8.213 100.366 13.344
201703 8.536 101.018 13.779
201706 8.357 101.180 13.469
201709 9.575 101.343 15.407
201712 8.966 102.564 14.255
201803 10.205 102.564 16.225
201806 8.683 103.378 13.697
201809 8.935 103.378 14.094
201812 1.056 103.785 1.659
201903 9.275 104.274 14.505
201906 1.151 105.983 1.771
201909 -10.352 105.983 -15.928
201912 -14.533 107.123 -22.123
202003 -12.267 109.076 -18.339
202006 -11.031 109.402 -16.442
202009 -11.386 109.320 -16.984
202012 -18.889 109.565 -28.113
202103 -13.010 112.658 -18.832
202106 -13.236 113.960 -18.940
202109 -13.144 115.588 -18.543
202112 -22.218 119.088 -30.424
202203 -21.410 125.031 -27.924
202206 -20.198 131.705 -25.008
202209 -19.167 135.531 -23.062
202212 -20.771 139.113 -24.348
202303 -19.933 145.950 -22.271
202306 -19.374 147.009 -21.491
202309 -18.557 146.113 -20.711
202312 -21.523 147.741 -23.756
202403 -20.667 149.044 -22.612
202406 -22.026 150.997 -23.787
202409 -21.695 153.439 -23.057
202412 -22.432 154.660 -23.652
202503 -21.101 157.021 -21.914
202506 -20.295 157.509 -21.012
202509 -19.680 158.000 -20.312
202512 -19.431 158.320 -20.014
202603 -19.104 163.070 -19.104

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 Onico (WAR:ONC) Overvalued in 2026?

Based on GuruFocus' analysis, Onico stock appears to be overvalued. The current stock price of zł13.40 is trading 177.4% above its estimated GF Value™ of zł4.83. GuruFocus considers Onico to be Significantly Overvalued.

Key valuation signals for WAR:ONC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł4.83 vs. price of zł13.40 (177.4% above fair value)
  • GF Score™: 57/100 with 5 warning signs

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


Onico Business Description

Industry EnergyOil & Gas
Address ul Dzieci Warszawy 21 e lok. 4, Warszawa, POL, 02-495
Onico SA is involved in supplying energy products in Poland. The company sells LPG, diesel, bitumen, natural gas, industrial oils, and biofuels, as well as metals and metal ores.
57GF Score

Get the complete analysis for WAR:ONC

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

zł13.40
Price
zł4.83
GF Value