Polimex - Mostostal (WAR:PXM) Cyclically Adjusted PB Ratio: 1.39 (As of Jul. 28, 2026) — 415% Above Median

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WAR:PXM Polimex - Mostostal SA WAR:PXM
77 GF Score
Price zł6.58
GF Value zł5.42
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Polimex - Mostostal Cyclically Adjusted PB Ratio?

Polimex - Mostostal WAR:PXM -2.66% 77 Cyclically Adjusted PB Ratio is 1.39 as of Jul. 28, 2026, which is 415% above its 10-year median of 0.27. GuruFocus rates WAR:PXM with a GF Score™ of 77/100 and a GF Value™ of zł5.42 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,359 Construction companies, Polimex - Mostostal ranks worse than 57.76% on this metric.

As of today (2026-07-28), Polimex - Mostostal's current share price is zł6.58. Polimex - Mostostal's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł4.73. Polimex - Mostostal's Cyclically Adjusted PB Ratio for today is 1.39.

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

WAR:PXM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.27   Max: 2.05
Current: 1.43

During the past years, Polimex - Mostostal's highest Cyclically Adjusted PB Ratio was 2.05. The lowest was 0.03. And the median was 0.27.

WAR:PXM's Cyclically Adjusted PB Ratio is ranked worse than
57.76% of 1359 companies
in the Construction industry
Industry Median: 1.16 vs WAR:PXM: 1.43

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.

Polimex - Mostostal's adjusted book value per share data for the three months ended in Mar. 2026 was zł2.954. 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 zł4.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polimex - Mostostal  (WAR:PXM) 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.


Polimex - Mostostal Cyclically Adjusted PB Ratio Related Terms


Polimex - Mostostal Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Polimex - Mostostal'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.

Polimex - Mostostal Cyclically Adjusted PB Ratio Chart

Polimex - Mostostal 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 0.22 0.58 0.65 0.40 1.74

Polimex - Mostostal 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 0.58 0.93 1.41 1.74 1.62

WAR:PXM vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Polimex - Mostostal'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.


Polimex - Mostostal Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Polimex - Mostostal's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:PXM
77GF Score
Polimex - Mostostal SA WAR:PXM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polimex - Mostostal 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.

Polimex - Mostostal's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.58/4.73
=1.39

* 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.

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

For example, Polimex - Mostostal'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)
=2.954/163.0700*163.0700
=2.954

Current CPI (Mar. 2026) = 163.0700.

Polimex - Mostostal Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.643 99.552 9.243
201609 5.730 99.064 9.432
201612 5.567 100.366 9.045
201703 3.373 101.018 5.445
201706 3.448 101.180 5.557
201709 3.535 101.343 5.688
201712 2.807 102.564 4.463
201803 2.796 102.564 4.445
201806 2.717 103.378 4.286
201809 2.755 103.378 4.346
201812 2.862 103.785 4.497
201903 2.789 104.274 4.362
201906 2.813 105.983 4.328
201909 2.879 105.983 4.430
201912 3.094 107.123 4.710
202003 3.127 109.076 4.675
202006 3.187 109.402 4.750
202009 3.224 109.320 4.809
202012 3.329 109.565 4.955
202103 3.351 112.658 4.851
202106 3.547 113.960 5.076
202109 3.663 115.588 5.168
202112 3.809 119.088 5.216
202203 3.893 125.031 5.077
202206 4.161 131.705 5.152
202209 4.266 135.531 5.133
202212 4.326 139.113 5.071
202303 4.404 145.950 4.921
202306 3.651 147.009 4.050
202309 3.683 146.113 4.110
202312 3.852 147.741 4.252
202403 3.786 149.044 4.142
202406 3.720 150.997 4.017
202409 2.642 153.439 2.808
202412 2.376 154.660 2.505
202503 2.495 157.021 2.591
202506 2.684 157.509 2.779
202509 2.823 158.000 2.914
202512 2.898 158.320 2.985
202603 2.954 163.070 2.954

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 1.39 mean?
Polimex - Mostostal (WAR:PXM) has a Cyclically Adjusted PB Ratio of 1.39 as of Jul. 28, 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 Polimex - Mostostal and its competitors. This is 415% above median its historical median of 0.27. Over the past decade, Polimex - Mostostal's Cyclically Adjusted PB Ratio has ranged from 0.03 to 2.05. According to the industry distribution chart, Polimex - Mostostal ranks #785 out of 1359 companies in the Construction industry, placing it in the top 57.8%.
Is Polimex - Mostostal's Cyclically Adjusted PB Ratio too high?
Polimex - Mostostal's current Cyclically Adjusted PB Ratio of 1.39 is 415% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 2.05. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Polimex - Mostostal's value of 1.39 is 19.8% above this industry median. Based on the distribution chart, Polimex - Mostostal ranks #785 out of 1359 companies in the Construction industry, which is below the industry midpoint. Overall, Polimex - Mostostal has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polimex - Mostostal's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Polimex - Mostostal ranks #785 out of 1359 companies for Cyclically Adjusted PB Ratio. This places Polimex - Mostostal in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Polimex - Mostostal's value of 1.39 is 19.8% above this benchmark. Historically, Polimex - Mostostal's own Cyclically Adjusted PB Ratio has ranged from 0.03 to 2.05 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.16, Polimex - Mostostal 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,359 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. Polimex - Mostostal's current Cyclically Adjusted PB Ratio of 1.39 is 19.8% 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 Polimex - Mostostal and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polimex - Mostostal's current Cyclically Adjusted PB Ratio is 1.39, which is 415% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polimex - Mostostal stock overvalued right now?
Based on GuruFocus' analysis, Polimex - Mostostal (WAR:PXM) is currently considered Modestly Overvalued. The stock's GF Value™ is zł5.42, compared to a current price of zł6.58 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.39, which is 415% above median its 10-year median of 0.27 and 19.8% above the Construction industry median of 1.16. Polimex - Mostostal's overall GF Score™ is 77/100 with 2 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 Polimex - Mostostal (WAR:PXM), the current Cyclically Adjusted PB Ratio is 1.39 as of Jul. 28, 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 Polimex - Mostostal (WAR:PXM) Overvalued in 2026?

Based on GuruFocus' analysis, Polimex - Mostostal stock appears to be overvalued. The current stock price of zł6.58 is trading 21.4% above its estimated GF Value™ of zł5.42. GuruFocus considers Polimex - Mostostal to be Modestly Overvalued.

Key valuation signals for WAR:PXM:

  • Cyclically Adjusted PB Ratio: 1.39 (415% above median its 10-year median of 0.27)
  • GF Value™: zł5.42 vs. price of zł6.58 (21.4% above fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 19.8% above the Construction median (#785 of 1359)

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


Polimex - Mostostal Business Description

Other Exchanges 7F7:Germany
Address Ul. Czackiego 15/17, P.O. Box skr. poczt. 815, Warszawa, POL, 00-950
Polimex - Mostostal SA is a Poland based engineering and construction company. It provides services in the industrial construction sector including the general contractor's basis for the chemical, refinery and petrochemical industries, power engineering, and environmental protection, among others. Its offerings include production plants, logistics centers, commercial centers, and warehouses.
77GF Score

Get the complete analysis for WAR:PXM

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

zł6.58
Price
zł5.42
GF Value