West Real Estate (WAR:WRE) Cyclically Adjusted PB Ratio: 0.41 (As of Aug. 09, 2026)

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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.

WAR:WRE West Real Estate SA WAR:WRE
35 GF Score
Price zł0.61
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What is West Real Estate Cyclically Adjusted PB Ratio?

West Real Estate WAR:WRE 35 Cyclically Adjusted PB Ratio is 0.41 as of Aug. 09, 2026. GuruFocus rates WAR:WRE with a GF Score™ of 35/100.

As of today (2026-08-09), West Real Estate's current share price is zł0.61. West Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2025 was zł1.49. West Real Estate's Cyclically Adjusted PB Ratio for today is 0.41.

The historical rank and industry rank for West Real Estate's Cyclically Adjusted PB Ratio or its related term are showing as below:

WAR:WRE's Cyclically Adjusted PB Ratio is not ranked *
in the Real Estate industry.
Industry Median: 0.69
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

West Real Estate's adjusted book value per share data for the three months ended in Jun. 2025 was zł0.069. 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 zł1.49 for the trailing ten years ended in Jun. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


West Real Estate  (WAR:WRE) 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.


West Real Estate Cyclically Adjusted PB Ratio Related Terms


West Real Estate Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for West Real Estate'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.

West Real Estate Cyclically Adjusted PB Ratio Chart

West Real Estate Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.45 0.26 0.00 0.39

West Real Estate Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 0.36 0.37 0.39 0.39 0.41

WAR:WRE vs CSGP, CBRE, BEKE: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, West Real Estate'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.


West Real Estate Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, West Real Estate's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:WRE
35GF Score
West Real Estate SA WAR:WRE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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West Real Estate 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.

West Real Estate's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.61/1.49
=0.41

* 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.

West Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2025 is calculated as:

For example, West Real Estate's adjusted Book Value per Share data for the three months ended in Jun. 2025 was:

Adj_Book=Book Value per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=0.069/157.5092*157.5092
=0.069

Current CPI (Jun. 2025) = 157.5092.

West Real Estate Quarterly Data

Book Value per Share CPI Adj_Book
201509 1.418 99.634 2.242
201512 1.457 99.471 2.307
201603 1.417 98.983 2.255
201606 1.421 99.552 2.248
201609 1.414 99.064 2.248
201612 1.384 100.366 2.172
201703 2.536 101.018 3.954
201706 1.391 101.180 2.165
201709 1.383 101.343 2.149
201712 1.387 102.564 2.130
201803 1.392 102.564 2.138
201806 1.385 103.378 2.110
201809 1.497 103.378 2.281
201812 1.435 103.785 2.178
201903 1.449 104.274 2.189
201906 1.453 105.983 2.159
201909 1.452 105.983 2.158
201912 1.442 107.123 2.120
202003 1.445 109.076 2.087
202006 1.453 109.402 2.092
202009 1.453 109.320 2.093
202012 1.454 109.565 2.090
202103 1.452 112.658 2.030
202106 1.453 113.960 2.008
202109 1.449 115.588 1.975
202112 0.047 119.088 0.062
202203 1.444 125.031 1.819
202206 0.047 131.705 0.056
202209 0.074 135.531 0.086
202212 0.137 139.113 0.155
202303 -0.130 145.950 -0.140
202306 0.117 147.009 0.125
202309 0.112 146.113 0.121
202312 0.000 147.741 0.000
202403 0.084 149.044 0.089
202406 0.049 150.997 0.051
202409 0.055 153.439 0.056
202412 0.080 154.660 0.081
202503 0.089 157.021 0.089
202506 0.069 157.509 0.069

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 0.41 mean?
West Real Estate (WAR:WRE) has a Cyclically Adjusted PB Ratio of 0.41 as of Aug. 09, 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 West Real Estate and its competitors.
Is West Real Estate's Cyclically Adjusted PB Ratio too high?
West Real Estate's current Cyclically Adjusted PB Ratio is 0.41. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. West Real Estate's value of 0.41 is 40.6% below this industry median. Overall, West Real Estate has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does West Real Estate's Cyclically Adjusted PB Ratio compare to CSGP and CBRE?
West Real Estate's Cyclically Adjusted PB Ratio of 0.41 can be compared against companies in the Real Estate industry. The industry median Cyclically Adjusted PB Ratio is 0.69. West Real Estate's value of 0.41 is 40.6% below this benchmark. 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 a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,412 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. West Real Estate's current Cyclically Adjusted PB Ratio of 0.41 is 40.6% 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 West Real Estate and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Real Estate's current Cyclically Adjusted PB Ratio is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Real Estate stock overvalued right now?
West Real Estate (WAR:WRE) has a current Cyclically Adjusted PB Ratio of 0.41. The current Cyclically Adjusted PB Ratio is 0.41 and 40.6% below the Real Estate industry median of 0.69. West Real Estate's overall GF Score™ is 35/100. 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 West Real Estate (WAR:WRE), the current Cyclically Adjusted PB Ratio is 0.41 as of Aug. 09, 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.

West Real Estate Business Description

Address ul. Skarbowcow 23A, Wroclaw, POL, 53-025
West Real Estate SA is engaged in the acquisition and management of real estate and entities for its assets for investment purposes, in order to derive economic benefits from their management. The company diversifies its business in the sectors of waste management, personnel brokerage industry, and construction industry.
35GF Score

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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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