WSEWF (Warsaw Stock Exchange) Cyclically Adjusted PB Ratio: 1.77 (As of Jul. 26, 2026) — 32% Above Median

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WSEWF Warsaw Stock Exchange WSEWF
89 GF Score
Price $20.00
GF Value $11.52
! 7 Warning Signs
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What is Warsaw Stock Exchange Cyclically Adjusted PB Ratio?

Warsaw Stock Exchange WSEWF 89 Cyclically Adjusted PB Ratio is 1.77 as of Jul. 26, 2026, which is 32% above its 10-year median of 1.34. GuruFocus rates WSEWF with a GF Score™ of 89/100 and a GF Value™ of $11.52. The stock has 7 warning signs investors should review. Among 624 Capital Markets companies, Warsaw Stock Exchange ranks worse than 70.03% on this metric.

As of today (2026-07-26), Warsaw Stock Exchange's current share price is $20.00. Warsaw Stock Exchange's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.31. Warsaw Stock Exchange's Cyclically Adjusted PB Ratio for today is 1.77.

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

WSEWF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.34   Max: 2.62
Current: 2.49

During the past years, Warsaw Stock Exchange's highest Cyclically Adjusted PB Ratio was 2.62. The lowest was 0.85. And the median was 1.34.

WSEWF's Cyclically Adjusted PB Ratio is ranked worse than
70.03% of 624 companies
in the Capital Markets industry
Industry Median: 1.31 vs WSEWF: 2.49

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.

Warsaw Stock Exchange's adjusted book value per share data for the three months ended in Mar. 2026 was $7.537. 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 $11.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Warsaw Stock Exchange  (OTCPK:WSEWF) 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.


Warsaw Stock Exchange Cyclically Adjusted PB Ratio Related Terms


Warsaw Stock Exchange Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange Cyclically Adjusted PB Ratio Chart

Warsaw Stock Exchange 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 1.30 0.93 1.07 1.01 1.64

Warsaw Stock Exchange 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 1.12 1.28 1.44 1.64 1.77

WSEWF vs SPGI, CME, MCO: Cyclically Adjusted PB Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WSEWF
89GF Score
Warsaw Stock Exchange WSEWF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Warsaw Stock Exchange 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.

Warsaw Stock Exchange's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.00/11.31
=1.77

* 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.

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

For example, Warsaw Stock Exchange'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)
=7.537/163.0700*163.0700
=7.537

Current CPI (Mar. 2026) = 163.0700.

Warsaw Stock Exchange Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.606 99.552 10.821
201609 6.997 99.064 11.518
201612 7.071 100.366 11.489
201703 7.480 101.018 12.075
201706 7.013 101.180 11.303
201709 7.468 101.343 12.017
201712 7.709 102.564 12.257
201803 8.130 102.564 12.926
201806 8.000 103.378 12.619
201809 8.364 103.378 13.193
201812 8.593 103.785 13.502
201903 8.851 104.274 13.842
201906 7.973 105.983 12.268
201909 8.340 105.983 12.832
201912 8.386 107.123 12.766
202003 8.724 109.076 13.042
202006 8.183 109.402 12.197
202009 8.498 109.320 12.676
202012 8.884 109.565 13.222
202103 9.327 112.658 13.501
202106 8.681 113.960 12.422
202109 9.021 115.588 12.727
202112 9.366 119.088 12.825
202203 9.694 125.031 12.643
202206 8.921 131.705 11.045
202209 9.222 135.531 11.096
202212 9.594 139.113 11.246
202303 6.404 145.950 7.155
202306 5.981 147.009 6.634
202309 6.241 146.113 6.965
202312 6.521 147.741 7.198
202403 6.700 149.044 7.331
202406 6.175 150.997 6.669
202409 6.440 153.439 6.844
202412 6.690 154.660 7.054
202503 7.009 157.021 7.279
202506 6.545 157.509 6.776
202509 6.858 158.000 7.078
202512 7.099 158.320 7.312
202603 7.537 163.070 7.537

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 1.77 mean?
Warsaw Stock Exchange (WSEWF) has a Cyclically Adjusted PB Ratio of 1.77 as of Jul. 26, 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 Warsaw Stock Exchange and its competitors. This is 32% above median its historical median of 1.34. Over the past decade, Warsaw Stock Exchange's Cyclically Adjusted PB Ratio has ranged from 0.85 to 2.62. According to the industry distribution chart, Warsaw Stock Exchange ranks #437 out of 624 companies in the Capital Markets industry, placing it in the top 70%.
Is Warsaw Stock Exchange's Cyclically Adjusted PB Ratio too high?
Warsaw Stock Exchange's current Cyclically Adjusted PB Ratio of 1.77 is 32% above median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.62. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.31. Warsaw Stock Exchange's value of 1.77 is 35.1% above this industry median. Based on the distribution chart, Warsaw Stock Exchange ranks #437 out of 624 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Warsaw Stock Exchange has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's Cyclically Adjusted PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Warsaw Stock Exchange ranks #437 out of 624 companies for Cyclically Adjusted PB Ratio. This places Warsaw Stock Exchange in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.31. Warsaw Stock Exchange's value of 1.77 is 35.1% above this benchmark. Historically, Warsaw Stock Exchange's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 2.62 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.31, Warsaw Stock Exchange has consistently been above 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.31, based on 624 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. Warsaw Stock Exchange's current Cyclically Adjusted PB Ratio of 1.77 is 35.1% above 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 Warsaw Stock Exchange and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warsaw Stock Exchange's current Cyclically Adjusted PB Ratio is 1.77, which is 32% above median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Warsaw Stock Exchange (WSEWF) has a current Cyclically Adjusted PB Ratio of 1.77. The stock's GF Value™ is $11.52, compared to a current price of $20.00 — trading 73.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is 32% above median its 10-year median of 1.34 and 35.1% above the Capital Markets industry median of 1.31. Warsaw Stock Exchange's overall GF Score™ is 89/100 with 7 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 Warsaw Stock Exchange (WSEWF), the current Cyclically Adjusted PB Ratio is 1.77 as of Jul. 26, 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 Warsaw Stock Exchange (WSEWF) Overvalued in 2026?

Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued. The current stock price of $20.00 is trading 73.6% above its estimated GF Value™ of $11.52.

Key valuation signals for WSEWF:

  • Cyclically Adjusted PB Ratio: 1.77 (32% above median its 10-year median of 1.34)
  • GF Value™: $11.52 vs. price of $20.00 (73.6% above fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 35.1% above the Capital Markets median (#437 of 624)

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


Warsaw Stock Exchange Business Description

Other Exchanges GPW:PolandWSX:Germany
Address ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.00
Price
$11.52
GF Value