VISTAL Gdynia (WAR:VTL) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:VTL VISTAL Gdynia SA WAR:VTL
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What is VISTAL Gdynia Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VISTAL Gdynia  (WAR:VTL) 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.


VISTAL Gdynia Cyclically Adjusted PB Ratio Related Terms


VISTAL Gdynia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VISTAL Gdynia'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.

VISTAL Gdynia Cyclically Adjusted PB Ratio Chart

VISTAL Gdynia Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.49

VISTAL Gdynia Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.37 0.49 0.74 9.29 0.00

WAR:VTL vs PWR, J: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, VISTAL Gdynia'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.


VISTAL Gdynia Cyclically Adjusted PB Ratio vs Construction Industry

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

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


WAR:VTL
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VISTAL Gdynia SA WAR:VTL
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VISTAL Gdynia 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.

VISTAL Gdynia's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, VISTAL Gdynia's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-29.465/146.1131*146.1131
=-29.465

Current CPI (Sep. 2023) = 146.1131.

VISTAL Gdynia Quarterly Data

Book Value per Share CPI Adj_Book
201312 10.543 101.018 15.250
201403 10.784 101.262 15.561
201406 11.105 101.180 16.037
201409 11.251 100.611 16.339
201412 13.084 100.122 19.094
201503 13.642 100.041 19.925
201506 13.674 100.448 19.890
201509 13.764 99.634 20.185
201512 14.528 99.471 21.340
201603 14.912 98.983 22.012
201606 14.994 99.552 22.007
201609 15.178 99.064 22.387
201612 14.824 100.366 21.581
201703 15.278 101.018 22.098
201706 7.605 101.180 10.982
201709 2.309 101.343 3.329
201712 -16.752 102.564 -23.865
201803 -18.117 102.564 -25.810
201806 -19.022 103.378 -26.885
201809 -18.508 103.378 -26.159
201812 -19.385 103.785 -27.291
201903 -19.620 104.274 -27.492
201906 -19.654 105.983 -27.096
201909 -0.539 105.983 -0.743
201912 -0.468 107.123 -0.638
202003 -0.904 109.076 -1.211
202006 0.073 109.402 0.097
202009 0.020 109.320 0.027
202012 -0.183 109.565 -0.244
202103 0.134 112.658 0.174
202106 0.117 113.960 0.150
202109 -0.166 115.588 -0.210
202112 -0.215 119.088 -0.264
202203 -0.248 125.031 -0.290
202206 -0.983 131.705 -1.091
202209 -1.227 135.531 -1.323
202212 -28.993 139.113 -30.452
202303 -29.256 145.950 -29.289
202306 -29.111 147.009 -28.934
202309 -29.465 146.113 -29.465

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.


VISTAL Gdynia Business Description

Address ul. Hutnicza 40, Gdynia, POL, 81-061
VISTAL Gdynia SA is a leading manufacturer of steel structures for the construction, energy, shipbuilding and offshore industries. Geographically, the company operates in Poland and abroad. The business area of ??activity of the company is prefabrication, assembly, anti-corrosion works, testing of bridge, shipbuilding, wind energy and Offshore facilities.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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