Lokaty Budowlane (WAR:LBD) Cyclically Adjusted PS Ratio: 4.07 (As of Jul. 31, 2026) — 163% Above Median

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:LBD Lokaty Budowlane SA WAR:LBD
31 GF Score
Price zł0.90
GF Value zł0.39
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Lokaty Budowlane Cyclically Adjusted PS Ratio?

Lokaty Budowlane WAR:LBD 31 Cyclically Adjusted PS Ratio is 4.07 as of Jul. 31, 2026, which is 163% above its 10-year median of 1.55. GuruFocus rates WAR:LBD with a GF Score™ of 31/100 and a GF Value™ of zł0.39 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,355 Real Estate companies, Lokaty Budowlane ranks worse than 70.41% on this metric.

As of today (2026-07-31), Lokaty Budowlane's current share price is zł0.895. Lokaty Budowlane's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł0.22. Lokaty Budowlane's Cyclically Adjusted PS Ratio for today is 4.07.

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

WAR:LBD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 1.55   Max: 5.32
Current: 4.01

During the past years, Lokaty Budowlane's highest Cyclically Adjusted PS Ratio was 5.32. The lowest was 0.38. And the median was 1.55.

WAR:LBD's Cyclically Adjusted PS Ratio is ranked worse than
70.41% of 1355 companies
in the Real Estate industry
Industry Median: 1.81 vs WAR:LBD: 4.01

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Lokaty Budowlane's adjusted revenue per share data for the three months ended in Mar. 2026 was zł0.011. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is zł0.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lokaty Budowlane  (WAR:LBD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Lokaty Budowlane Cyclically Adjusted PS Ratio Related Terms


Lokaty Budowlane Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lokaty Budowlane's Cyclically Adjusted PS 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.

Lokaty Budowlane Cyclically Adjusted PS Ratio Chart

Lokaty Budowlane Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 1.51 1.29 1.33 2.37

Lokaty Budowlane Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Mar26
Cyclically Adjusted PS 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 2.37 3.58 5.06 5.07 4.23

WAR:LBD vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Lokaty Budowlane's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Lokaty Budowlane Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where Lokaty Budowlane's Cyclically Adjusted PS Ratio falls into.


WAR:LBD
31GF Score
Lokaty Budowlane SA WAR:LBD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lokaty Budowlane Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Lokaty Budowlane's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.895/0.22
=4.07

* 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.

Lokaty Budowlane's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Lokaty Budowlane's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.011/163.0700*163.0700
=0.011

Current CPI (Mar. 2026) = 163.0700.

Lokaty Budowlane Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.016 98.983 0.026
201606 0.016 99.552 0.026
201609 0.021 99.064 0.035
201612 0.018 100.366 0.029
201703 0.012 101.018 0.019
201706 0.015 101.180 0.024
201709 0.002 101.343 0.003
201712 0.005 102.564 0.008
201803 0.005 102.564 0.008
201806 0.005 103.378 0.008
201809 0.005 103.378 0.008
201812 0.005 103.785 0.008
201903 0.005 104.274 0.008
201906 0.428 105.983 0.659
201909 0.013 105.983 0.020
201912 0.242 107.123 0.368
202003 0.000 109.076 0.000
202006 0.017 109.402 0.025
202009 0.009 109.320 0.013
202012 0.046 109.565 0.068
202103 0.002 112.658 0.003
202106 0.000 113.960 0.000
202109 0.230 115.588 0.324
202112 0.121 119.088 0.166
202203 0.005 125.031 0.007
202206 0.010 131.705 0.012
202209 0.008 135.531 0.010
202212 0.023 139.113 0.027
202303 0.005 145.950 0.006
202306 0.007 147.009 0.008
202309 0.013 146.113 0.015
202312 0.032 147.741 0.035
202403 0.020 149.044 0.022
202406 0.034 150.997 0.037
202409 0.020 153.439 0.021
202412 0.015 154.660 0.016
202503 0.014 157.021 0.015
202506 0.012 157.509 0.012
202509 0.010 158.000 0.010
202603 0.011 163.070 0.011

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 4.07 mean?
Lokaty Budowlane (WAR:LBD) has a Cyclically Adjusted PS Ratio of 4.07 as of Jul. 31, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lokaty Budowlane and its competitors. This is 163% above median its historical median of 1.55. Over the past decade, Lokaty Budowlane's Cyclically Adjusted PS Ratio has ranged from 0.38 to 5.32. According to the industry distribution chart, Lokaty Budowlane ranks #954 out of 1355 companies in the Real Estate industry, placing it in the top 70.4%.
Is Lokaty Budowlane's Cyclically Adjusted PS Ratio too high?
Lokaty Budowlane's current Cyclically Adjusted PS Ratio of 4.07 is 163% above median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 5.32. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.81. Lokaty Budowlane's value of 4.07 is 124.9% above this industry median. Based on the distribution chart, Lokaty Budowlane ranks #954 out of 1355 companies in the Real Estate industry, which is below the industry midpoint. Overall, Lokaty Budowlane has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lokaty Budowlane's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Lokaty Budowlane ranks #954 out of 1355 companies for Cyclically Adjusted PS Ratio. This places Lokaty Budowlane in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.81. Lokaty Budowlane's value of 4.07 is 124.9% above this benchmark. Historically, Lokaty Budowlane's own Cyclically Adjusted PS Ratio has ranged from 0.38 to 5.32 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 1.81, Lokaty Budowlane 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 PS Ratio for a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.81, based on 1,355 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lokaty Budowlane's current Cyclically Adjusted PS Ratio of 4.07 is 124.9% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lokaty Budowlane and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lokaty Budowlane's current Cyclically Adjusted PS Ratio is 4.07, which is 163% above median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lokaty Budowlane stock overvalued right now?
Based on GuruFocus' analysis, Lokaty Budowlane (WAR:LBD) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.39, compared to a current price of zł0.90 — trading 129.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.07, which is 163% above median its 10-year median of 1.55 and 124.9% above the Real Estate industry median of 1.81. Lokaty Budowlane's overall GF Score™ is 31/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Lokaty Budowlane (WAR:LBD), the current Cyclically Adjusted PS Ratio is 4.07 as of Jul. 31, 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 Lokaty Budowlane (WAR:LBD) Overvalued in 2026?

Based on GuruFocus' analysis, Lokaty Budowlane stock appears to be overvalued. The current stock price of zł0.90 is trading 129.5% above its estimated GF Value™ of zł0.39. GuruFocus considers Lokaty Budowlane to be Significantly Overvalued.

Key valuation signals for WAR:LBD:

  • Cyclically Adjusted PS Ratio: 4.07 (163% above median its 10-year median of 1.55)
  • GF Value™: zł0.39 vs. price of zł0.90 (129.5% above fair value)
  • GF Score™: 31/100 with 6 warning signs
  • Industry Position: 124.9% above the Real Estate median (#954 of 1355)

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


Lokaty Budowlane Business Description

Address Popularna 19/2, Warsaw, POL, 02-473
Lokaty Budowlane SA is a development and construction company. The company is engaged in owning, operating and maintaining commercial buildings.
31GF Score

Get the complete analysis for WAR:LBD

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

zł0.90
Price
zł0.39
GF Value