PlayWay (WAR:PLW) Cyclically Adjusted PB Ratio: 4.74 (As of Jul. 19, 2026) — 10% Below Median

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WAR:PLW PlayWay SA WAR:PLW
83 GF Score
Price zł243.00
GF Value zł313.13
Valuation Modestly Undervalued
! 7 Warning Signs
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What is PlayWay Cyclically Adjusted PB Ratio?

PlayWay WAR:PLW +2.32% 83 Cyclically Adjusted PB Ratio is 4.74 as of Jul. 19, 2026, which is 10% below its 10-year median of 5.29. GuruFocus rates WAR:PLW with a GF Score™ of 83/100 and a GF Value™ of zł313.13 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 347 Interactive Media companies, PlayWay ranks worse than 84.44% on this metric.

As of today (2026-07-19), PlayWay's current share price is zł243.00. PlayWay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł51.22. PlayWay's Cyclically Adjusted PB Ratio for today is 4.74.

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

WAR:PLW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.62   Med: 5.29   Max: 6.69
Current: 4.74

During the past years, PlayWay's highest Cyclically Adjusted PB Ratio was 6.69. The lowest was 4.62. And the median was 5.29.

WAR:PLW's Cyclically Adjusted PB Ratio is ranked worse than
84.44% of 347 companies
in the Interactive Media industry
Industry Median: 1.44 vs WAR:PLW: 4.74

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.

PlayWay's adjusted book value per share data for the three months ended in Mar. 2026 was zł58.377. 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 zł51.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PlayWay  (WAR:PLW) 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.


PlayWay Cyclically Adjusted PB Ratio Related Terms


PlayWay Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PlayWay'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.

PlayWay Cyclically Adjusted PB Ratio Chart

PlayWay 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 5.17

PlayWay 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 6.71 5.87 5.17 4.81

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

For the Electronic Gaming & Multimedia subindustry, PlayWay'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.


PlayWay Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


WAR:PLW
83GF Score
PlayWay SA WAR:PLW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PlayWay 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=243.00/51.22
=4.74

* 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.

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

For example, PlayWay'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)
=58.377/163.0700*163.0700
=58.377

Current CPI (Mar. 2026) = 163.0700.

PlayWay Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 99.552 0.000
201609 3.028 99.064 4.984
201612 7.301 100.366 11.862
201703 7.584 101.018 12.243
201706 7.830 101.180 12.619
201709 9.124 101.343 14.681
201712 9.802 102.564 15.585
201803 11.922 102.564 18.955
201806 12.020 103.378 18.961
201809 13.090 103.378 20.648
201812 14.756 103.785 23.185
201903 16.894 104.274 26.420
201906 19.437 105.983 29.907
201909 20.999 105.983 32.310
201912 26.517 107.123 40.366
202003 29.971 109.076 44.807
202006 41.133 109.402 61.311
202009 46.752 109.320 69.739
202012 53.999 109.565 80.369
202103 58.060 112.658 84.041
202106 51.239 113.960 73.320
202109 58.146 115.588 82.032
202112 66.562 119.088 91.145
202203 71.459 125.031 93.200
202206 57.956 131.705 71.758
202209 63.761 135.531 76.717
202212 63.680 139.113 74.647
202303 68.294 145.950 76.305
202306 54.019 147.009 59.921
202309 58.397 146.113 65.174
202312 60.907 147.741 67.226
202403 66.162 149.044 72.389
202406 50.509 150.997 54.547
202409 56.619 153.439 60.173
202412 63.790 154.660 67.259
202503 66.838 157.021 69.413
202506 49.335 157.509 51.077
202509 53.604 158.000 55.324
202512 52.993 158.320 54.583
202603 58.377 163.070 58.377

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 4.74 mean?
PlayWay (WAR:PLW) has a Cyclically Adjusted PB Ratio of 4.74 as of Jul. 19, 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 PlayWay and its competitors. This is 10% below median its historical median of 5.29. Over the past decade, PlayWay's Cyclically Adjusted PB Ratio has ranged from 4.62 to 6.69. According to the industry distribution chart, PlayWay ranks #293 out of 347 companies in the Interactive Media industry, placing it in the top 84.4%.
Is PlayWay's Cyclically Adjusted PB Ratio too high?
PlayWay's current Cyclically Adjusted PB Ratio of 4.74 is 10% below median its 10-year median of 5.29. Over the past 10 years, this metric has ranged from a low of 4.62 to a high of 6.69. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.44. PlayWay's value of 4.74 is 229.2% above this industry median. Based on the distribution chart, PlayWay ranks #293 out of 347 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, PlayWay has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PlayWay's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, PlayWay ranks #293 out of 347 companies for Cyclically Adjusted PB Ratio. This places PlayWay in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. PlayWay's value of 4.74 is 229.2% above this benchmark. Historically, PlayWay's own Cyclically Adjusted PB Ratio has ranged from 4.62 to 6.69 over the past decade. While the company's 10-year median is 5.29 vs. the industry median of 1.44, PlayWay 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 1.44, based on 347 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. PlayWay's current Cyclically Adjusted PB Ratio of 4.74 is 229.2% 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 PlayWay and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PlayWay's current Cyclically Adjusted PB Ratio is 4.74, which is 10% below median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PlayWay stock overvalued right now?
Based on GuruFocus' analysis, PlayWay (WAR:PLW) is currently considered Modestly Undervalued. The stock's GF Value™ is zł313.13, compared to a current price of zł243.00 — trading 22.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.74, which is 10% below median its 10-year median of 5.29 and 229.2% above the Interactive Media industry median of 1.44. PlayWay's overall GF Score™ is 83/100 with 7 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 PlayWay (WAR:PLW), the current Cyclically Adjusted PB Ratio is 4.74 as of Jul. 19, 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 PlayWay (WAR:PLW) Overvalued in 2026?

Based on GuruFocus' analysis, PlayWay stock appears to be undervalued. The current stock price of zł243.00 is trading 22.4% below its estimated GF Value™ of zł313.13. GuruFocus considers PlayWay to be Modestly Undervalued.

Key valuation signals for WAR:PLW:

  • Cyclically Adjusted PB Ratio: 4.74 (10% below median its 10-year median of 5.29)
  • GF Value™: zł313.13 vs. price of zł243.00 (22.4% below fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 229.2% above the Interactive Media median (#293 of 347)

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


PlayWay Business Description

Other Exchanges 6P5:Germany
Address ul. Minsk, 69, Warsaw, POL, 03-828
PlayWay SA is a producer and publisher of computer and mobile games in Poland. The company provides with various games including Out of Reach: Treasure Royale, Car Manufacture, Schizm 3: Nemezis And Split among others.
83GF Score

Get the complete analysis for WAR:PLW

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

zł243.00
Price
zł313.13
GF Value