Relpol (WAR:RLP) 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.
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:RLP Relpol SA WAR:RLP
73 GF Score
Price zł5.56
GF Value zł5.17
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Relpol Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Relpol  (WAR:RLP) 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.


Relpol Cyclically Adjusted PB Ratio Related Terms


Relpol Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Relpol'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.

Relpol Cyclically Adjusted PB Ratio Chart

Relpol 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 0.84 0.56 0.62 0.44 0.46

Relpol 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 0.42 0.43 0.46 0.46 0.46

WAR:RLP vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Relpol'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.


Relpol Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Relpol's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:RLP
73GF Score
Relpol SA WAR:RLP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Relpol 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.

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

For example, Relpol'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)
=9.867/162.2800*162.2800
=9.867

Current CPI (Jun. 2026) = 162.2800.

Relpol Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.852 99.064 12.863
201612 7.834 100.366 12.667
201703 7.952 101.018 12.775
201706 7.716 101.180 12.375
201709 7.924 101.343 12.689
201712 7.927 102.564 12.542
201803 8.160 102.564 12.911
201806 7.988 103.378 12.539
201809 8.233 103.378 12.924
201812 8.457 103.785 13.223
201903 8.652 104.274 13.465
201906 8.407 105.983 12.873
201909 8.508 105.983 13.027
201912 8.522 107.123 12.910
202003 8.663 109.076 12.889
202006 8.849 109.402 13.126
202009 9.122 109.320 13.541
202012 9.255 109.565 13.708
202103 9.505 112.658 13.692
202106 9.671 113.960 13.772
202109 9.914 115.588 13.919
202112 9.971 119.088 13.587
202203 10.150 125.031 13.174
202206 9.947 131.705 12.256
202209 9.994 135.531 11.966
202212 10.040 139.113 11.712
202303 10.628 145.950 11.817
202306 10.973 147.009 12.113
202309 10.753 146.113 11.943
202312 10.872 147.741 11.942
202403 10.622 149.044 11.565
202406 10.488 150.997 11.272
202409 10.253 153.439 10.844
202412 10.059 154.660 10.555
202503 9.848 157.021 10.178
202506 9.798 157.509 10.095
202509 9.843 158.000 10.110
202512 9.784 158.320 10.029
202603 9.836 163.070 9.788
202606 9.867 162.280 9.867

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 Relpol (WAR:RLP) Overvalued in 2026?

Based on GuruFocus' analysis, Relpol stock appears to be overvalued. The current stock price of zł5.56 is trading 7.5% above its estimated GF Value™ of zł5.17. GuruFocus considers Relpol to be Fairly Valued.

Key valuation signals for WAR:RLP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł5.17 vs. price of zł5.56 (7.5% above fair value)
  • GF Score™: 73/100 with 5 warning signs

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


Relpol Business Description

Address Ul. 11 Listopada 37, Voivodeship, Zary, Lubuskie, POL, 68-200
Relpol SA is a Poland based company engaged in the manufacturing of electromechanical relay and relay sockets used in electric circuit control of machines and equipment, vehicles, domestic appliances, and electronics. The products of the company are Astronomical and digital clocks , Electricity consumption meters , Switching Power Supplies , Solid State Relays Surge arresters, Power Controllers, Installation contactors, Plug sockets for 35 mm rail GSR NEW, Signal relays, Industrial bistable relays, Miniature relays, Plug-in industrial relays, High current relays, Modular installation relays, Interface relays, Relays for railways, Sockets and accessories, Programmable relays, Time relays .and others.
73GF Score

Get the complete analysis for WAR:RLP

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

zł5.56
Price
zł5.17
GF Value