Polwax (WAR:PWX) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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
30 GF Score
Price zł0.95
GF Value zł0.68
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Polwax Cyclically Adjusted PS Ratio?

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 0.21 0.18 0.12 0.08 0.08

Polwax Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.10 0.08 0.08 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
30GF 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.322/162.2800*162.2800
=0.322

Current CPI (Jun. 2026) = 162.2800.

Polwax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.865 99.064 6.331
201612 3.697 100.366 5.978
201703 2.474 101.018 3.974
201706 2.222 101.180 3.564
201709 4.039 101.343 6.468
201712 3.329 102.564 5.267
201803 2.100 102.564 3.323
201806 2.086 103.378 3.275
201809 4.197 103.378 6.588
201812 3.445 103.785 5.387
201903 1.717 104.274 2.672
201906 1.483 105.983 2.271
201909 7.533 105.983 11.534
201912 6.095 107.123 9.233
202003 3.532 109.076 5.255
202006 0.000 109.402 0.000
202009 7.168 109.320 10.641
202012 2.512 109.565 3.721
202103 1.235 112.658 1.779
202106 1.074 113.960 1.529
202109 2.875 115.588 4.036
202112 3.617 119.088 4.929
202203 1.277 125.031 1.657
202206 1.922 131.705 2.368
202209 4.636 135.531 5.551
202212 2.884 139.113 3.364
202303 1.204 145.950 1.339
202306 0.864 147.009 0.954
202309 3.220 146.113 3.576
202312 2.881 147.741 3.165
202403 0.881 149.044 0.959
202406 0.817 150.997 0.878
202409 2.130 153.439 2.253
202412 1.166 154.660 1.223
202503 0.153 157.021 0.158
202506 0.218 157.509 0.225
202509 0.875 158.000 0.899
202512 0.859 158.320 0.880
202603 0.248 163.070 0.247
202606 0.322 162.280 0.322

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.

Is Polwax (WAR:PWX) Overvalued in 2026?

Based on GuruFocus' analysis, Polwax stock appears to be overvalued. The current stock price of zł0.95 is trading 39.7% above its estimated GF Value™ of zł0.68. GuruFocus considers Polwax to be Significantly Overvalued.

Key valuation signals for WAR:PWX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: zł0.68 vs. price of zł0.95 (39.7% above fair value)
  • GF Score™: 30/100 with 8 warning signs

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.
30GF 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.

zł0.95
Price
zł0.68
GF Value