GPM Vindexus (WAR:VIN) 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:VIN GPM Vindexus SA WAR:VIN
86 GF Score
Price zł14.50
GF Value zł14.82
Valuation Fairly Valued
! 13 Warning Signs
View Full Analysis

What is GPM Vindexus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GPM Vindexus  (WAR:VIN) 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.


GPM Vindexus Cyclically Adjusted PB Ratio Related Terms


GPM Vindexus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GPM Vindexus'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.

GPM Vindexus Cyclically Adjusted PB Ratio Chart

GPM Vindexus 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 0.46 0.33 0.51 0.41 0.54

GPM Vindexus 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 0.43 0.48 0.49 0.55 0.57

WAR:VIN vs CTAS, CPRT, GPN: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, GPM Vindexus'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.


GPM Vindexus Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, GPM Vindexus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:VIN
86GF Score
GPM Vindexus SA WAR:VIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GPM Vindexus 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.

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

For example, GPM Vindexus'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)
=27.83/163.0700*163.0700
=27.830

Current CPI (Mar. 2026) = 163.0700.

GPM Vindexus Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.310 99.552 18.526
201609 11.912 99.064 19.608
201612 12.137 100.366 19.720
201703 12.260 101.018 19.791
201706 13.002 101.180 20.955
201709 13.691 101.343 22.030
201712 14.760 102.564 23.467
201803 15.146 102.564 24.081
201806 14.440 103.378 22.778
201809 14.792 103.378 23.333
201812 15.285 103.785 24.016
201903 15.581 104.274 24.367
201906 15.666 105.983 24.104
201909 16.043 105.983 24.684
201912 16.059 107.123 24.446
202003 16.122 109.076 24.103
202006 16.221 109.402 24.178
202009 16.406 109.320 24.472
202012 16.485 109.565 24.535
202103 17.116 112.658 24.775
202106 17.744 113.960 25.391
202109 18.348 115.588 25.885
202112 19.440 119.088 26.620
202203 19.805 125.031 25.831
202206 20.149 131.705 24.947
202209 20.681 135.531 24.883
202212 21.916 139.113 25.690
202303 22.270 145.950 24.882
202306 22.678 147.009 25.156
202309 23.275 146.113 25.976
202312 23.792 147.741 26.261
202403 22.826 149.044 24.974
202406 22.588 150.997 24.394
202409 25.231 153.439 26.815
202412 24.952 154.660 26.309
202503 25.597 157.021 26.583
202506 25.917 157.509 26.832
202509 26.627 158.000 27.481
202512 27.583 158.320 28.411
202603 27.830 163.070 27.830

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 GPM Vindexus (WAR:VIN) Overvalued in 2026?

Based on GuruFocus' analysis, GPM Vindexus stock appears to be undervalued. The current stock price of zł14.50 is trading 2.2% below its estimated GF Value™ of zł14.82. GuruFocus considers GPM Vindexus to be Fairly Valued.

Key valuation signals for WAR:VIN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł14.82 vs. price of zł14.50 (2.2% below fair value)
  • GF Score™: 86/100 with 13 warning signs

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


GPM Vindexus Business Description

Address ul. Serocka 3 lok. B 2, Warszawa, POL, 04-333
GPM Vindexus SA is engaged in the debt management business in Poland. The company buys and sells various types of debts, such as unpaid bank loans, debts subject to banking settlement proceedings, receivables due to issued invoices, receivables arising from interest notes, receivables due to issued debit notes, receivables secured by regulatory titles, and receivables covered by court insolvency proceedings.
86GF Score

Get the complete analysis for WAR:VIN

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

zł14.50
Price
zł14.82
GF Value