Polski Holding Nieruchomosci (WAR:PHN) Cyclically Adjusted PS Ratio: 0.76 (As of Jul. 28, 2026) — 42% Below Median

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WAR:PHN Polski Holding Nieruchomosci SA WAR:PHN
59 GF Score
Price zł9.28
GF Value zł11.75
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Polski Holding Nieruchomosci Cyclically Adjusted PS Ratio?

Polski Holding Nieruchomosci WAR:PHN 59 Cyclically Adjusted PS Ratio is 0.76 as of Jul. 28, 2026, which is 42% below its 10-year median of 1.30. GuruFocus rates WAR:PHN with a GF Score™ of 59/100 and a GF Value™ of zł11.75 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,358 Real Estate companies, Polski Holding Nieruchomosci ranks better than 71.28% on this metric.

As of today (2026-07-28), Polski Holding Nieruchomosci's current share price is zł9.28. Polski Holding Nieruchomosci's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł12.28. Polski Holding Nieruchomosci's Cyclically Adjusted PS Ratio for today is 0.76.

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

WAR:PHN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.3   Max: 2.61
Current: 0.76

During the past years, Polski Holding Nieruchomosci's highest Cyclically Adjusted PS Ratio was 2.61. The lowest was 0.75. And the median was 1.30.

WAR:PHN's Cyclically Adjusted PS Ratio is ranked better than
71.28% of 1358 companies
in the Real Estate industry
Industry Median: 1.78 vs WAR:PHN: 0.76

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.

Polski Holding Nieruchomosci's adjusted revenue per share data for the three months ended in Mar. 2026 was zł3.139. 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 zł12.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polski Holding Nieruchomosci  (WAR:PHN) 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.


Polski Holding Nieruchomosci Cyclically Adjusted PS Ratio Related Terms


Polski Holding Nieruchomosci Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Polski Holding Nieruchomosci'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.

Polski Holding Nieruchomosci Cyclically Adjusted PS Ratio Chart

Polski Holding Nieruchomosci Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.99 1.53 1.58 0.87 0.81

Polski Holding Nieruchomosci Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.01 0.90 0.87 0.81 0.78

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

For the Real Estate Services subindustry, Polski Holding Nieruchomosci'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.


Polski Holding Nieruchomosci Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where Polski Holding Nieruchomosci's Cyclically Adjusted PS Ratio falls into.


WAR:PHN
59GF Score
Polski Holding Nieruchomosci SA WAR:PHN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Polski Holding Nieruchomosci 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.

Polski Holding Nieruchomosci's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.28/12.28
=0.76

* 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.

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

For example, Polski Holding Nieruchomosci'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)
=3.139/163.0700*163.0700
=3.139

Current CPI (Mar. 2026) = 163.0700.

Polski Holding Nieruchomosci Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.028 99.552 1.684
201609 0.921 99.064 1.516
201612 0.938 100.366 1.524
201703 0.872 101.018 1.408
201706 0.831 101.180 1.339
201709 0.835 101.343 1.344
201712 0.853 102.564 1.356
201803 0.863 102.564 1.372
201806 0.893 103.378 1.409
201809 0.936 103.378 1.476
201812 0.919 103.785 1.444
201903 0.921 104.274 1.440
201906 0.919 105.983 1.414
201909 1.026 105.983 1.579
201912 1.589 107.123 2.419
202003 3.225 109.076 4.821
202006 1.975 109.402 2.944
202009 2.278 109.320 3.398
202012 6.945 109.565 10.337
202103 3.237 112.658 4.685
202106 1.914 113.960 2.739
202109 2.100 115.588 2.963
202112 2.145 119.088 2.937
202203 2.129 125.031 2.777
202206 3.605 131.705 4.464
202209 2.381 135.531 2.865
202212 4.131 139.113 4.842
202303 2.682 145.950 2.997
202306 2.793 147.009 3.098
202309 2.691 146.113 3.003
202312 2.984 147.741 3.294
202403 2.611 149.044 2.857
202406 3.332 150.997 3.598
202409 3.477 153.439 3.695
202412 6.527 154.660 6.882
202503 4.371 157.021 4.539
202506 4.010 157.509 4.152
202509 3.941 158.000 4.067
202512 4.791 158.320 4.935
202603 3.139 163.070 3.139

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 0.76 mean?
Polski Holding Nieruchomosci (WAR:PHN) has a Cyclically Adjusted PS Ratio of 0.76 as of Jul. 28, 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 Polski Holding Nieruchomosci and its competitors. This is 42% below median its historical median of 1.30. Over the past decade, Polski Holding Nieruchomosci's Cyclically Adjusted PS Ratio has ranged from 0.75 to 2.61. According to the industry distribution chart, Polski Holding Nieruchomosci ranks #390 out of 1358 companies in the Real Estate industry, placing it in the top 28.7%.
Is Polski Holding Nieruchomosci's Cyclically Adjusted PS Ratio too high?
Polski Holding Nieruchomosci's current Cyclically Adjusted PS Ratio of 0.76 is 42% below median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.61. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Polski Holding Nieruchomosci's value of 0.76 is 57.3% below this industry median. Based on the distribution chart, Polski Holding Nieruchomosci ranks #390 out of 1358 companies in the Real Estate industry, which is above the industry midpoint. Overall, Polski Holding Nieruchomosci has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polski Holding Nieruchomosci's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Polski Holding Nieruchomosci ranks #390 out of 1358 companies for Cyclically Adjusted PS Ratio. This puts Polski Holding Nieruchomosci in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Polski Holding Nieruchomosci's value of 0.76 is 57.3% below this benchmark. Historically, Polski Holding Nieruchomosci's own Cyclically Adjusted PS Ratio has ranged from 0.75 to 2.61 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.78, Polski Holding Nieruchomosci 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 PS Ratio for a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,358 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. Polski Holding Nieruchomosci's current Cyclically Adjusted PS Ratio of 0.76 is 57.3% 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 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 Polski Holding Nieruchomosci and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polski Holding Nieruchomosci's current Cyclically Adjusted PS Ratio is 0.76, which is 42% below median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polski Holding Nieruchomosci stock overvalued right now?
Based on GuruFocus' analysis, Polski Holding Nieruchomosci (WAR:PHN) is currently considered Modestly Undervalued. The stock's GF Value™ is zł11.75, compared to a current price of zł9.28 — trading 21% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.76, which is 42% below median its 10-year median of 1.30 and 57.3% below the Real Estate industry median of 1.78. Polski Holding Nieruchomosci's overall GF Score™ is 59/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Polski Holding Nieruchomosci (WAR:PHN), the current Cyclically Adjusted PS Ratio is 0.76 as of Jul. 28, 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 Polski Holding Nieruchomosci (WAR:PHN) Overvalued in 2026?

Based on GuruFocus' analysis, Polski Holding Nieruchomosci stock appears to be undervalued. The current stock price of zł9.28 is trading 21% below its estimated GF Value™ of zł11.75. GuruFocus considers Polski Holding Nieruchomosci to be Modestly Undervalued.

Key valuation signals for WAR:PHN:

  • Cyclically Adjusted PS Ratio: 0.76 (42% below median its 10-year median of 1.30)
  • GF Value™: zł11.75 vs. price of zł9.28 (21% below fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 57.3% below the Real Estate median (#390 of 1358)

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


Polski Holding Nieruchomosci Business Description

Address al. Jana Pawla II 12, Warsaw, POL, 00-124
Polski Holding Nieruchomosci SA engages in the development, management, sale of commercial and residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises.
59GF Score

Get the complete analysis for WAR:PHN

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

zł9.28
Price
zł11.75
GF Value