Polwax (WAR:PWX) Cyclically Adjusted PS Ratio: 0.07 (As of Aug. 04, 2026) — 30% Below 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:PWX Polwax SA WAR:PWX
31 GF Score
Price zł1.03
GF Value zł0.48
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Polwax Cyclically Adjusted PS Ratio?

Polwax WAR:PWX +2.50% 31 Cyclically Adjusted PS Ratio is 0.07 as of Aug. 04, 2026, which is 30% below its 10-year median of 0.10. GuruFocus rates WAR:PWX with a GF Score™ of 31/100 and a GF Value™ of zł0.48 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,275 Chemicals companies, Polwax ranks better than 98.51% on this metric.

As of today (2026-08-04), Polwax's current share price is zł1.025. Polwax's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł14.58. Polwax's Cyclically Adjusted PS Ratio for today is 0.07.

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

WAR:PWX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.1   Max: 0.16
Current: 0.07

During the past years, Polwax's highest Cyclically Adjusted PS Ratio was 0.16. The lowest was 0.07. And the median was 0.10.

WAR:PWX's Cyclically Adjusted PS Ratio is ranked better than
98.51% of 1275 companies
in the Chemicals industry
Industry Median: 1.28 vs WAR:PWX: 0.07

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.

Polwax's adjusted revenue per share data for the three months ended in Mar. 2026 was zł0.248. 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 zł14.58 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polwax  (WAR:PWX) 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.


Polwax Cyclically Adjusted PS Ratio Related Terms


Polwax Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Polwax'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.

Polwax Cyclically Adjusted PS Ratio Chart

Polwax 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 0.00 0.00 0.12 0.09 0.00

Polwax Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 0.09 0.09 0.09 0.00 0.08

WAR:PWX vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Polwax'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.


Polwax Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polwax's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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

Polwax 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.

Polwax's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.025/14.58
=0.07

* 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.

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

For example, Polwax'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)
=0.248/163.0700*163.0700
=0.248

Current CPI (Mar. 2026) = 163.0700.

Polwax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2.297 98.983 3.784
201606 2.698 99.552 4.419
201609 3.903 99.064 6.425
201612 3.659 100.366 5.945
201703 2.474 101.018 3.994
201706 2.222 101.180 3.581
201709 4.039 101.343 6.499
201712 3.329 102.564 5.293
201803 2.100 102.564 3.339
201806 2.086 103.378 3.290
201809 4.197 103.378 6.620
201812 3.445 103.785 5.413
201903 1.717 104.274 2.685
201906 1.483 105.983 2.282
201909 3.302 105.983 5.081
201912 6.095 107.123 9.278
202003 3.532 109.076 5.280
202006 2.786 109.402 4.153
202009 7.168 109.320 10.692
202012 2.512 109.565 3.739
202103 1.235 112.658 1.788
202106 1.074 113.960 1.537
202109 2.875 115.588 4.056
202112 3.617 119.088 4.953
202203 1.277 125.031 1.666
202206 1.922 131.705 2.380
202209 4.636 135.531 5.578
202212 2.884 139.113 3.381
202303 1.204 145.950 1.345
202306 0.864 147.009 0.958
202309 3.220 146.113 3.594
202312 2.881 147.741 3.180
202403 0.881 149.044 0.964
202406 0.817 150.997 0.882
202409 2.130 153.439 2.264
202412 1.166 154.660 1.229
202503 0.153 157.021 0.159
202506 0.218 157.509 0.226
202512 0.000 158.320 0.000
202603 0.248 163.070 0.248

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 0.07 mean?
Polwax (WAR:PWX) has a Cyclically Adjusted PS Ratio of 0.07 as of Aug. 04, 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 Polwax and its competitors. This is 30% below median its historical median of 0.10. Over the past decade, Polwax's Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.16. According to the industry distribution chart, Polwax ranks #19 out of 1275 companies in the Chemicals industry, placing it in the top 1.5%.
Is Polwax's Cyclically Adjusted PS Ratio too high?
Polwax's current Cyclically Adjusted PS Ratio of 0.07 is 30% below median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.16. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.28. Polwax's value of 0.07 is 94.5% below this industry median. Based on the distribution chart, Polwax ranks #19 out of 1275 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Polwax has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polwax's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Polwax ranks #19 out of 1275 companies for Cyclically Adjusted PS Ratio. This places Polwax in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.28. Polwax's value of 0.07 is 94.5% below this benchmark. Historically, Polwax's own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.16 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 1.28, Polwax 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.28, based on 1,275 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. Polwax's current Cyclically Adjusted PS Ratio of 0.07 is 94.5% 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 Polwax and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polwax's current Cyclically Adjusted PS Ratio is 0.07, which is 30% below median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polwax stock overvalued right now?
Based on GuruFocus' analysis, Polwax (WAR:PWX) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.48, compared to a current price of zł1.03 — trading 113.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.07, which is 30% below median its 10-year median of 0.10 and 94.5% below the Chemicals industry median of 1.28. Polwax's overall GF Score™ is 31/100 with 8 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 Polwax (WAR:PWX), the current Cyclically Adjusted PS Ratio is 0.07 as of Aug. 04, 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 Polwax (WAR:PWX) Overvalued in 2026?

Based on GuruFocus' analysis, Polwax stock appears to be overvalued. The current stock price of zł1.03 is trading 113.5% above its estimated GF Value™ of zł0.48. GuruFocus considers Polwax to be Significantly Overvalued.

Key valuation signals for WAR:PWX:

  • Cyclically Adjusted PS Ratio: 0.07 (30% below median its 10-year median of 0.10)
  • GF Value™: zł0.48 vs. price of zł1.03 (113.5% above fair value)
  • GF Score™: 31/100 with 8 warning signs
  • Industry Position: 94.5% below the Chemicals median (#19 of 1275)

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


Polwax Business Description

Address 3 go Maja 101, Jaslo, POL, 38-200
Polwax SA is a producer and distributor of refined and deodorized paraffin, waxes and specialty industrial paraffin compositions. The company's products are used in various industries such as fertilizer industry, investment casting, wood processing, rubber industry, paper and packaging industry, production of construction materials, manufacture of explosives, manufacture of candles and grave lights and food industry.
31GF Score

Get the complete analysis for WAR:PWX

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

zł1.03
Price
zł0.48
GF Value