Solar Innovation (WAR:SIN) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Solar Innovation Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Solar Innovation  (WAR:SIN) 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.


Solar Innovation Cyclically Adjusted PB Ratio Related Terms


Solar Innovation Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Solar Innovation'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.

Solar Innovation Cyclically Adjusted PB Ratio Chart

Solar Innovation 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 1.13 1.38 0.68 0.66 0.00

Solar Innovation 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 0.79 0.91 1.02 0.00 0.00

WAR:SIN vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Solar Innovation'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.


Solar Innovation Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Solar Innovation's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Solar Innovation 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.

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

For example, Solar Innovation'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)
=-0/163.0700*163.0700
=0.000

Current CPI (Mar. 2026) = 163.0700.

Solar Innovation Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.059 99.552 0.097
201609 0.055 99.064 0.091
201612 0.058 100.366 0.094
201703 0.055 101.018 0.089
201706 0.054 101.180 0.087
201709 0.053 101.343 0.085
201712 0.056 102.564 0.089
201803 0.055 102.564 0.087
201806 0.056 103.378 0.088
201809 0.055 103.378 0.087
201812 0.057 103.785 0.090
201903 0.055 104.274 0.086
201906 0.054 105.983 0.083
201909 0.052 105.983 0.080
201912 0.057 107.123 0.087
202003 0.055 109.076 0.082
202006 0.056 109.402 0.083
202009 0.047 109.320 0.070
202012 0.212 109.565 0.316
202103 0.074 112.658 0.107
202106 0.070 113.960 0.100
202109 0.093 115.588 0.131
202112 0.162 119.088 0.222
202203 0.066 125.031 0.086
202206 0.057 131.705 0.071
202209 0.046 135.531 0.055
202212 -0.011 139.113 -0.013
202303 -0.018 145.950 -0.020
202306 -0.013 147.009 -0.014
202309 -0.014 146.113 -0.016
202312 0.003 147.741 0.003
202403 0.002 149.044 0.002
202406 0.003 150.997 0.003
202409 0.002 153.439 0.002
202412 -0.001 154.660 -0.001
202503 0.001 157.021 0.001
202506 0.001 157.509 0.001
202509 0.004 158.000 0.004
202512 0.000 158.320 0.000
202603 0.000 163.070 0.000

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.


Solar Innovation Business Description

Address Ulica Wadowicka 12, Krakow, POL, 30-415
Solar Innovation SA formerly Ciasteczka z Krakowa SA produces and markets food products in Poland. The company offers Shortbread cookies, Stuffed cookies, French cookies, Gingerbread cookies, Stuffed muffins, Chocolates and Translated wafers, among others.