Orzel (WAR:ORL) Cyclically Adjusted PB Ratio: 8.40 (As of Aug. 11, 2026) — 30% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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WAR:ORL Orzel SA WAR:ORL
63 GF Score
Price zł2.10
GF Value zł3.62
Valuation Possible Value Trap
! 5 Warning Signs
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What is Orzel Cyclically Adjusted PB Ratio?

Orzel WAR:ORL 63 Cyclically Adjusted PB Ratio is 8.40 as of Aug. 11, 2026, which is 30% below its 10-year median of 12.05. GuruFocus rates WAR:ORL with a GF Score™ of 63/100 and a GF Value™ of zł3.62 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,009 Vehicles & Parts companies, Orzel ranks worse than 94.85% on this metric.

As of today (2026-08-11), Orzel's current share price is zł2.10. Orzel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.25. Orzel's Cyclically Adjusted PB Ratio for today is 8.40.

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

WAR:ORL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 12.05   Max: 207
Current: 8.57

During the past years, Orzel's highest Cyclically Adjusted PB Ratio was 207.00. The lowest was 0.85. And the median was 12.05.

WAR:ORL's Cyclically Adjusted PB Ratio is ranked worse than
94.85% of 1009 companies
in the Vehicles & Parts industry
Industry Median: 1.28 vs WAR:ORL: 8.57

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.

Orzel's adjusted book value per share data for the three months ended in Mar. 2026 was zł1.114. 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 zł0.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orzel  (WAR:ORL) 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.


Orzel Cyclically Adjusted PB Ratio Related Terms


Orzel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orzel'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.

Orzel Cyclically Adjusted PB Ratio Chart

Orzel 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 17.63 33.99 0.00 71.41 12.64

Orzel 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 42.34 26.69 18.12 12.64 9.05

WAR:ORL vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Orzel'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.


Orzel Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Orzel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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

Orzel 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.10/0.25
=8.40

* 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.

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

For example, Orzel'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)
=1.114/163.0700*163.0700
=1.114

Current CPI (Mar. 2026) = 163.0700.

Orzel Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.295 99.552 -0.483
201609 -0.345 99.064 -0.568
201612 -0.513 100.366 -0.833
201703 -0.555 101.018 -0.896
201706 -0.587 101.180 -0.946
201709 -0.608 101.343 -0.978
201712 -0.664 102.564 -1.056
201803 -0.680 102.564 -1.081
201806 -0.611 103.378 -0.964
201809 -0.547 103.378 -0.863
201812 -0.546 103.785 -0.858
201903 -0.542 104.274 -0.848
201906 -0.442 105.983 -0.680
201909 -0.342 105.983 -0.526
201912 -0.319 107.123 -0.486
202003 -0.278 109.076 -0.416
202006 0.120 109.402 0.179
202009 0.116 109.320 0.173
202012 0.141 109.565 0.210
202103 0.170 112.658 0.246
202106 0.259 113.960 0.371
202109 0.312 115.588 0.440
202112 0.703 119.088 0.963
202203 0.800 125.031 1.043
202206 0.815 131.705 1.009
202209 0.849 135.531 1.022
202212 0.941 139.113 1.103
202303 0.977 145.950 1.092
202306 1.036 147.009 1.149
202309 1.092 146.113 1.219
202312 1.152 147.741 1.272
202403 1.195 149.044 1.307
202406 1.223 150.997 1.321
202409 1.292 153.439 1.373
202412 1.147 154.660 1.209
202503 1.103 157.021 1.145
202506 1.198 157.509 1.240
202509 1.199 158.000 1.237
202512 1.179 158.320 1.214
202603 1.114 163.070 1.114

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 8.40 mean?
Orzel (WAR:ORL) has a Cyclically Adjusted PB Ratio of 8.40 as of Aug. 11, 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 Orzel and its competitors. This is 30% below median its historical median of 12.05. Over the past decade, Orzel's Cyclically Adjusted PB Ratio has ranged from 0.85 to 207.00. According to the industry distribution chart, Orzel ranks #957 out of 1009 companies in the Vehicles & Parts industry, placing it in the top 94.8%.
Is Orzel's Cyclically Adjusted PB Ratio too high?
Orzel's current Cyclically Adjusted PB Ratio of 8.40 is 30% below median its 10-year median of 12.05. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 207.00. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Orzel's value of 8.40 is 556.3% above this industry median. Based on the distribution chart, Orzel ranks #957 out of 1009 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Orzel has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Orzel's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Orzel ranks #957 out of 1009 companies for Cyclically Adjusted PB Ratio. This places Orzel in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Orzel's value of 8.40 is 556.3% above this benchmark. Historically, Orzel's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 207.00 over the past decade. While the company's 10-year median is 12.05 vs. the industry median of 1.28, Orzel 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.28, based on 1,009 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. Orzel's current Cyclically Adjusted PB Ratio of 8.40 is 556.3% 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 Orzel and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orzel's current Cyclically Adjusted PB Ratio is 8.40, which is 30% below median its own 10-year median of 12.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orzel stock overvalued right now?
Based on GuruFocus' analysis, Orzel (WAR:ORL) is currently considered Possible Value Trap. The stock's GF Value™ is zł3.62, compared to a current price of zł2.10 — trading 42% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.40, which is 30% below median its 10-year median of 12.05 and 556.3% above the Vehicles & Parts industry median of 1.28. Orzel's overall GF Score™ is 63/100 with 5 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 Orzel (WAR:ORL), the current Cyclically Adjusted PB Ratio is 8.40 as of Aug. 11, 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 Orzel (WAR:ORL) Overvalued in 2026?

Based on GuruFocus' analysis, Orzel stock appears to be undervalued. The current stock price of zł2.10 is trading 42% below its estimated GF Value™ of zł3.62. GuruFocus considers Orzel to be Possible Value Trap.

Key valuation signals for WAR:ORL:

  • Cyclically Adjusted PB Ratio: 8.40 (30% below median its 10-year median of 12.05)
  • GF Value™: zł3.62 vs. price of zł2.10 (42% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 556.3% above the Vehicles & Parts median (#957 of 1009)

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


Orzel Business Description

Address Ulica Przemyslowa 50, Poniatowa, POL, 24-320
Orzel SA is engaged in the production of rubber granulate, which is produced in the process of recycling used tires.
63GF Score

Get the complete analysis for WAR:ORL

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

zł2.10
Price
zł3.62
GF Value