Wittchen (WAR:WTN) Cyclically Adjusted PB Ratio: 1.13 (As of Sep. 13, 2026) — 35% Below Median

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WAR:WTN Wittchen SA WAR:WTN
92 GF Score
Price zł13.13
GF Value zł25.25
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Wittchen Cyclically Adjusted PB Ratio?

Wittchen WAR:WTN +0.92% 92 Cyclically Adjusted PB Ratio is 1.13 as of Sep. 13, 2026, which is 35% below its 10-year median of 1.75. GuruFocus rates WAR:WTN with a GF Score™ of 92/100 and a GF Value™ of zł25.25 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 758 Retail - Cyclical companies, Wittchen ranks better than 51.72% on this metric.

As of today (2026-09-13), Wittchen's current share price is zł13.13. Wittchen's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł11.57. Wittchen's Cyclically Adjusted PB Ratio for today is 1.13.

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

WAR:WTN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.75   Max: 3.58
Current: 1.13

During the past years, Wittchen's highest Cyclically Adjusted PB Ratio was 3.58. The lowest was 1.11. And the median was 1.75.

WAR:WTN's Cyclically Adjusted PB Ratio is ranked better than
51.72% of 758 companies
in the Retail - Cyclical industry
Industry Median: 1.23 vs WAR:WTN: 1.13

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.

Wittchen's adjusted book value per share data for the three months ended in Mar. 2026 was zł11.682. 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 zł11.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wittchen  (WAR:WTN) 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.


Wittchen Cyclically Adjusted PB Ratio Related Terms


Wittchen Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wittchen'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.

Wittchen Cyclically Adjusted PB Ratio Chart

Wittchen 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 0.00 0.00 0.00 1.96 1.41

Wittchen 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 2.23 1.72 1.45 1.41 1.43

WAR:WTN vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Wittchen'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.


Wittchen Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wittchen's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:WTN
92GF Score
Wittchen SA WAR:WTN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wittchen 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.

Wittchen's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.13/11.57
=1.13

* 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.

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

For example, Wittchen'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)
=11.682/163.0700*163.0700
=11.682

Current CPI (Mar. 2026) = 163.0700.

Wittchen Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.412 99.552 8.865
201609 5.574 99.064 9.175
201612 6.184 100.366 10.047
201703 6.109 101.018 9.862
201706 5.370 101.180 8.655
201709 5.689 101.343 9.154
201712 6.574 102.564 10.452
201803 6.728 102.564 10.697
201806 6.155 103.378 9.709
201809 6.752 103.378 10.651
201812 7.442 103.785 11.693
201903 7.570 104.274 11.838
201906 6.741 105.983 10.372
201909 6.969 105.983 10.723
201912 8.245 107.123 12.551
202003 8.124 109.076 12.145
202006 8.037 109.402 11.980
202009 8.277 109.320 12.347
202012 8.967 109.565 13.346
202103 8.943 112.658 12.945
202106 9.355 113.960 13.386
202109 10.076 115.588 14.215
202112 11.275 119.088 15.439
202203 11.543 125.031 15.055
202206 9.060 131.705 11.218
202209 10.076 135.531 12.123
202212 11.720 139.113 13.738
202303 12.312 145.950 13.756
202306 9.684 147.009 10.742
202309 10.647 146.113 11.883
202312 11.801 147.741 13.025
202403 12.098 149.044 13.237
202406 9.111 150.997 9.839
202409 9.597 153.439 10.199
202412 10.078 154.660 10.626
202503 10.323 157.021 10.721
202506 10.590 157.509 10.964
202509 11.061 158.000 11.416
202512 11.971 158.320 12.330
202603 11.682 163.070 11.682

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 1.13 mean?
Wittchen (WAR:WTN) has a Cyclically Adjusted PB Ratio of 1.13 as of Sep. 13, 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 Wittchen and its competitors. This is 35% below median its historical median of 1.75. Over the past decade, Wittchen's Cyclically Adjusted PB Ratio has ranged from 1.11 to 3.58. According to the industry distribution chart, Wittchen ranks #366 out of 758 companies in the Retail - Cyclical industry, placing it in the top 48.3%.
Is Wittchen's Cyclically Adjusted PB Ratio too high?
Wittchen's current Cyclically Adjusted PB Ratio of 1.13 is 35% below median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 3.58. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.23. Wittchen's value of 1.13 is 8.1% below this industry median. Based on the distribution chart, Wittchen ranks #366 out of 758 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Wittchen has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wittchen's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Wittchen ranks #366 out of 758 companies for Cyclically Adjusted PB Ratio. This puts Wittchen in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Wittchen's value of 1.13 is 8.1% below this benchmark. Historically, Wittchen's own Cyclically Adjusted PB Ratio has ranged from 1.11 to 3.58 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 1.23, Wittchen 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 a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.23, based on 758 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. Wittchen's current Cyclically Adjusted PB Ratio of 1.13 is 8.1% 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 Wittchen and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wittchen's current Cyclically Adjusted PB Ratio is 1.13, which is 35% below median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wittchen stock overvalued right now?
Based on GuruFocus' analysis, Wittchen (WAR:WTN) is currently considered Significantly Undervalued. The stock's GF Value™ is zł25.25, compared to a current price of zł13.13 — trading 48% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.13, which is 35% below median its 10-year median of 1.75 and 8.1% below the Retail - Cyclical industry median of 1.23. Wittchen's overall GF Score™ is 92/100 with 4 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 Wittchen (WAR:WTN), the current Cyclically Adjusted PB Ratio is 1.13 as of Sep. 13, 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 Wittchen (WAR:WTN) Overvalued in 2026?

Based on GuruFocus' analysis, Wittchen stock appears to be undervalued. The current stock price of zł13.13 is trading 48% below its estimated GF Value™ of zł25.25. GuruFocus considers Wittchen to be Significantly Undervalued.

Key valuation signals for WAR:WTN:

  • Cyclically Adjusted PB Ratio: 1.13 (35% below median its 10-year median of 1.75)
  • GF Value™: zł25.25 vs. price of zł13.13 (48% below fair value)
  • GF Score™: 92/100 with 4 warning signs
  • Industry Position: 8.1% below the Retail - Cyclical median (#366 of 758)

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


Wittchen Business Description

Address ul. Ogrodowa 27/29, Lomianki, POL, 05-092
Wittchen SA is a Poland based company engaged in selling luxurious leather goods for Woman and Man. The product portfolio of the company includes Handbags, Gallantry, Clothing, Footwear, and Additives.
92GF Score

Get the complete analysis for WAR:WTN

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

zł13.13
Price
zł25.25
GF Value