Grupa Azoty Zaklady Chemiczne Police (WAR:PCE) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
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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:PCE Grupa Azoty Zaklady Chemiczne Police SA WAR:PCE
57 GF Score
Price zł7.14
GF Value zł8.08
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupa Azoty Zaklady Chemiczne Police  (WAR:PCE) 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.


Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio Related Terms


Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupa Azoty Zaklady Chemiczne Police'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.

Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio Chart

Grupa Azoty Zaklady Chemiczne Police 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 0.74 0.63 0.69 0.41 0.51

Grupa Azoty Zaklady Chemiczne Police 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 0.50 0.48 0.45 0.45 0.45

WAR:PCE vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Grupa Azoty Zaklady Chemiczne Police'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.


Grupa Azoty Zaklady Chemiczne Police Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted PB Ratio falls into.


WAR:PCE
57GF Score
Grupa Azoty Zaklady Chemiczne Police SA WAR:PCE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupa Azoty Zaklady Chemiczne Police 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.

Grupa Azoty Zaklady Chemiczne Police's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Grupa Azoty Zaklady Chemiczne Police'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)
=-1.665/162.2800*162.2800
=-1.665

Current CPI (Jun. 2026) = 162.2800.

Grupa Azoty Zaklady Chemiczne Police Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.104 99.064 24.742
201612 12.069 100.366 19.514
201703 13.060 101.018 20.980
201706 13.043 101.180 20.919
201709 13.287 101.343 21.276
201712 13.041 102.564 20.634
201803 14.512 102.564 22.961
201806 14.158 103.378 22.225
201809 13.928 103.378 21.864
201812 13.951 103.785 21.814
201903 14.516 104.274 22.591
201906 14.542 105.983 22.267
201909 15.569 105.983 23.839
201912 17.828 107.123 27.008
202003 14.943 109.076 22.232
202006 15.368 109.402 22.796
202009 17.497 109.320 25.973
202012 14.060 109.565 20.825
202103 14.181 112.658 20.427
202106 14.486 113.960 20.628
202109 14.595 115.588 20.491
202112 14.937 119.088 20.354
202203 15.572 125.031 20.211
202206 17.364 131.705 21.395
202209 17.227 135.531 20.627
202212 15.026 139.113 17.528
202303 14.528 145.950 16.153
202306 14.613 147.009 16.131
202309 13.624 146.113 15.131
202312 6.075 147.741 6.673
202403 5.657 149.044 6.159
202406 5.111 150.997 5.493
202409 5.119 153.439 5.414
202412 5.150 154.660 5.404
202503 4.766 157.021 4.926
202506 3.921 157.509 4.040
202509 3.916 158.000 4.022
202512 -1.354 158.320 -1.388
202603 -1.736 163.070 -1.728
202606 -1.665 162.280 -1.665

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 Grupa Azoty Zaklady Chemiczne Police (WAR:PCE) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa Azoty Zaklady Chemiczne Police stock appears to be undervalued. The current stock price of zł7.14 is trading 11.6% below its estimated GF Value™ of zł8.08. GuruFocus considers Grupa Azoty Zaklady Chemiczne Police to be Modestly Undervalued.

Key valuation signals for WAR:PCE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł8.08 vs. price of zł7.14 (11.6% below fair value)
  • GF Score™: 57/100 with 7 warning signs

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


Grupa Azoty Zaklady Chemiczne Police Business Description

Address ul Kuznicka 1, Police, POL, 72-010
Grupa Azoty Zaklady Chemiczne Police SA is a Poland based company operating in the chemical industry. Its core business activities include manufacturing and sale of fertilizers, pigments, chemicals, plastics, sulfur, among others. Its product portfolio includes nitrogenous fertilizers, nitrogen fertilizers with sulfur, compound fertilizers, polyethylene tubes, plasticizers, alcohols, catalysts, organic chemicals, inorganic chemicals, liquid sulfur, insoluble sulfur, sulfur pastilles, among others.
57GF Score

Get the complete analysis for WAR:PCE

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

zł7.14
Price
zł8.08
GF Value