Seco/Warwick (WAR:SWG) Cyclically Adjusted PB Ratio: 1.21 (As of Jul. 27, 2026) — 57% Above Median

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WAR:SWG Seco/Warwick SA WAR:SWG
76 GF Score
Price zł36.40
GF Value zł35.20
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Seco/Warwick Cyclically Adjusted PB Ratio?

Seco/Warwick WAR:SWG -2.15% 76 Cyclically Adjusted PB Ratio is 1.21 as of Jul. 27, 2026, which is 57% above its 10-year median of 0.77. GuruFocus rates WAR:SWG with a GF Score™ of 76/100 and a GF Value™ of zł35.20 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,278 Industrial Products companies, Seco/Warwick ranks better than 69.4% on this metric.

As of today (2026-07-27), Seco/Warwick's current share price is zł36.40. Seco/Warwick's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł30.04. Seco/Warwick's Cyclically Adjusted PB Ratio for today is 1.21.

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

WAR:SWG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.77   Max: 1.46
Current: 1.21

During the past years, Seco/Warwick's highest Cyclically Adjusted PB Ratio was 1.46. The lowest was 0.53. And the median was 0.77.

WAR:SWG's Cyclically Adjusted PB Ratio is ranked better than
69.4% of 2278 companies
in the Industrial Products industry
Industry Median: 2.11 vs WAR:SWG: 1.21

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.

Seco/Warwick's adjusted book value per share data for the three months ended in Mar. 2026 was zł32.539. 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 zł30.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Seco/Warwick  (WAR:SWG) 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.


Seco/Warwick Cyclically Adjusted PB Ratio Related Terms


Seco/Warwick Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Seco/Warwick'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.

Seco/Warwick Cyclically Adjusted PB Ratio Chart

Seco/Warwick 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 0.69 0.81 1.07 0.94 1.22

Seco/Warwick 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 0.96 1.03 0.97 1.22 1.15

WAR:SWG vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Seco/Warwick'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.


Seco/Warwick Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


WAR:SWG
76GF Score
Seco/Warwick SA WAR:SWG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seco/Warwick 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.

Seco/Warwick's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.40/30.04
=1.21

* 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.

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

For example, Seco/Warwick'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)
=32.539/163.0700*163.0700
=32.539

Current CPI (Mar. 2026) = 163.0700.

Seco/Warwick Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.503 99.552 30.309
201609 19.140 99.064 31.507
201612 20.647 100.366 33.546
201703 20.644 101.018 33.325
201706 18.243 101.180 29.402
201709 17.754 101.343 28.568
201712 15.593 102.564 24.792
201803 15.696 102.564 24.956
201806 16.670 103.378 26.295
201809 16.900 103.378 26.658
201812 17.789 103.785 27.951
201903 18.392 104.274 28.763
201906 18.272 105.983 28.114
201909 18.808 105.983 28.939
201912 19.037 107.123 28.980
202003 19.592 109.076 29.290
202006 19.639 109.402 29.273
202009 21.625 109.320 32.257
202012 20.153 109.565 29.995
202103 21.627 112.658 31.305
202106 21.583 113.960 30.884
202109 22.374 115.588 31.565
202112 22.613 119.088 30.964
202203 22.968 125.031 29.956
202206 24.340 131.705 30.136
202209 25.957 135.531 31.231
202212 26.090 139.113 30.583
202303 27.065 145.950 30.240
202306 26.158 147.009 29.016
202309 27.164 146.113 30.316
202312 28.200 147.741 31.126
202403 29.012 149.044 31.742
202406 28.450 150.997 30.725
202409 28.148 153.439 29.915
202412 29.902 154.660 31.528
202503 30.020 157.021 31.177
202506 28.883 157.509 29.903
202509 30.736 158.000 31.722
202512 31.272 158.320 32.210
202603 32.539 163.070 32.539

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 1.21 mean?
Seco/Warwick (WAR:SWG) has a Cyclically Adjusted PB Ratio of 1.21 as of Jul. 27, 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 Seco/Warwick and its competitors. This is 57% above median its historical median of 0.77. Over the past decade, Seco/Warwick's Cyclically Adjusted PB Ratio has ranged from 0.53 to 1.46. According to the industry distribution chart, Seco/Warwick ranks #697 out of 2278 companies in the Industrial Products industry, placing it in the top 30.6%.
Is Seco/Warwick's Cyclically Adjusted PB Ratio too high?
Seco/Warwick's current Cyclically Adjusted PB Ratio of 1.21 is 57% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.46. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. Seco/Warwick's value of 1.21 is 42.7% below this industry median. Based on the distribution chart, Seco/Warwick ranks #697 out of 2278 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Seco/Warwick has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Seco/Warwick's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Seco/Warwick ranks #697 out of 2278 companies for Cyclically Adjusted PB Ratio. This puts Seco/Warwick in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. Seco/Warwick's value of 1.21 is 42.7% below this benchmark. Historically, Seco/Warwick's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 1.46 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 2.11, Seco/Warwick has consistently been below 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 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. Seco/Warwick's current Cyclically Adjusted PB Ratio of 1.21 is 42.7% below 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 Seco/Warwick and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seco/Warwick's current Cyclically Adjusted PB Ratio is 1.21, which is 57% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seco/Warwick stock overvalued right now?
Based on GuruFocus' analysis, Seco/Warwick (WAR:SWG) is currently considered Fairly Valued. The stock's GF Value™ is zł35.20, compared to a current price of zł36.40 — trading 3.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is 57% above median its 10-year median of 0.77 and 42.7% below the Industrial Products industry median of 2.11. Seco/Warwick's overall GF Score™ is 76/100 with 3 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 Seco/Warwick (WAR:SWG), the current Cyclically Adjusted PB Ratio is 1.21 as of Jul. 27, 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 Seco/Warwick (WAR:SWG) Overvalued in 2026?

Based on GuruFocus' analysis, Seco/Warwick stock appears to be overvalued. The current stock price of zł36.40 is trading 3.4% above its estimated GF Value™ of zł35.20. GuruFocus considers Seco/Warwick to be Fairly Valued.

Key valuation signals for WAR:SWG:

  • Cyclically Adjusted PB Ratio: 1.21 (57% above median its 10-year median of 0.77)
  • GF Value™: zł35.20 vs. price of zł36.40 (3.4% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 42.7% below the Industrial Products median (#697 of 2278)

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


Seco/Warwick Business Description

Address 8 Sobieskiego Street, Swiebodzin, POL, 66-200
Seco/Warwick SA is an investment holding company engaged in manufacturing of heat processing equipment. The company's operations are divided into five core business segments: Vacuum furnaces, Melting furnaces, CAB Lines, Aluminium heat treatment systems, and Aftersales services. Geographically, it has operations in the European Union, United States, Commonwealth of Independent States, Asia, and other regions. The Company identifies two main operating geographic segments which are China and Rest of the World. It generates a vast majority of revenues from the rest of the world.
76GF Score

Get the complete analysis for WAR:SWG

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

zł36.40
Price
zł35.20
GF Value