Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) Cyclically Adjusted PS Ratio: 0.16 (As of Jul. 18, 2026) — 47% Below Median

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WAR:ZAP Grupa Azoty Zaklady Azotowe Pulawy SA WAR:ZAP
66 GF Score
Price zł48.30
GF Value zł47.76
Valuation Fairly Valued
! 3 Warning Signs
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What is Grupa Azoty Zaklady Azotowe Pulawy Cyclically Adjusted PS Ratio?

Grupa Azoty Zaklady Azotowe Pulawy WAR:ZAP +2.77% 66 Cyclically Adjusted PS Ratio is 0.16 as of Jul. 18, 2026, which is 47% below its 10-year median of 0.30. GuruFocus rates WAR:ZAP with a GF Score™ of 66/100 and a GF Value™ of zł47.76 (Fairly Valued). The stock has 3 warning signs investors should review. Among 196 Agriculture companies, Grupa Azoty Zaklady Azotowe Pulawy ranks better than 93.88% on this metric.

As of today (2026-07-18), Grupa Azoty Zaklady Azotowe Pulawy's current share price is zł48.30. Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł303.34. Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio for today is 0.16.

The historical rank and industry rank for Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio or its related term are showing as below:

WAR:ZAP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.3   Max: 0.62
Current: 0.16

During the past years, Grupa Azoty Zaklady Azotowe Pulawy's highest Cyclically Adjusted PS Ratio was 0.62. The lowest was 0.14. And the median was 0.30.

WAR:ZAP's Cyclically Adjusted PS Ratio is ranked better than
93.88% of 196 companies
in the Agriculture industry
Industry Median: 0.94 vs WAR:ZAP: 0.16

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.

Grupa Azoty Zaklady Azotowe Pulawy's adjusted revenue per share data for the three months ended in Mar. 2026 was zł59.466. 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 zł303.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupa Azoty Zaklady Azotowe Pulawy  (WAR:ZAP) 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.


Grupa Azoty Zaklady Azotowe Pulawy Cyclically Adjusted PS Ratio Related Terms


Grupa Azoty Zaklady Azotowe Pulawy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Grupa Azoty Zaklady Azotowe Pulawy'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.

Grupa Azoty Zaklady Azotowe Pulawy Cyclically Adjusted PS Ratio Chart

Grupa Azoty Zaklady Azotowe Pulawy 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 0.35 0.25 0.21 0.14 0.17

Grupa Azoty Zaklady Azotowe Pulawy 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 0.17 0.18 0.16 0.17 0.16

WAR:ZAP vs CTVA, CF, MOS: Cyclically Adjusted PS Ratio Comparison

For the Agricultural Inputs subindustry, Grupa Azoty Zaklady Azotowe Pulawy'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.


Grupa Azoty Zaklady Azotowe Pulawy Cyclically Adjusted PS Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio falls into.


WAR:ZAP
66GF Score
Grupa Azoty Zaklady Azotowe Pulawy SA WAR:ZAP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupa Azoty Zaklady Azotowe Pulawy 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.

Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=48.30/303.34
=0.16

* 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.

Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Grupa Azoty Zaklady Azotowe Pulawy'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)
=59.466/163.0700*163.0700
=59.466

Current CPI (Mar. 2026) = 163.0700.

Grupa Azoty Zaklady Azotowe Pulawy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 42.342 99.552 69.358
201609 37.047 99.064 60.983
201612 45.750 100.366 74.332
201703 52.475 101.018 84.709
201706 41.221 101.180 66.435
201709 41.753 101.343 67.184
201712 47.177 102.564 75.008
201803 47.632 102.564 75.732
201806 44.413 103.378 70.058
201809 43.869 103.378 69.200
201812 51.264 103.785 80.547
201903 55.908 104.274 87.433
201906 46.118 105.983 70.959
201909 40.641 105.983 62.532
201912 44.808 107.123 68.210
202003 49.894 109.076 74.592
202006 34.176 109.402 50.941
202009 38.730 109.320 57.772
202012 44.937 109.565 66.882
202103 52.934 112.658 76.621
202106 56.306 113.960 80.570
202109 66.070 115.588 93.211
202112 111.838 119.088 153.142
202203 140.871 125.031 183.730
202206 116.474 131.705 144.211
202209 111.155 135.531 133.741
202212 97.066 139.113 113.782
202303 64.297 145.950 71.839
202306 61.005 147.009 67.670
202309 52.721 146.113 58.839
202312 52.119 147.741 57.527
202403 47.200 149.044 51.642
202406 44.672 150.997 48.244
202409 43.257 153.439 45.972
202412 46.960 154.660 49.513
202503 57.534 157.021 59.750
202506 50.344 157.509 52.121
202509 44.197 158.000 45.615
202512 51.760 158.320 53.313
202603 59.466 163.070 59.466

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 0.16 mean?
Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) has a Cyclically Adjusted PS Ratio of 0.16 as of Jul. 18, 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 Grupa Azoty Zaklady Azotowe Pulawy and its competitors. This is 47% below median its historical median of 0.30. Over the past decade, Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio has ranged from 0.14 to 0.62. According to the industry distribution chart, Grupa Azoty Zaklady Azotowe Pulawy ranks #12 out of 196 companies in the Agriculture industry, placing it in the top 6.1%.
Is Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio too high?
Grupa Azoty Zaklady Azotowe Pulawy's current Cyclically Adjusted PS Ratio of 0.16 is 47% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.62. The Agriculture industry median Cyclically Adjusted PS Ratio is 0.94. Grupa Azoty Zaklady Azotowe Pulawy's value of 0.16 is 83% below this industry median. Based on the distribution chart, Grupa Azoty Zaklady Azotowe Pulawy ranks #12 out of 196 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Grupa Azoty Zaklady Azotowe Pulawy has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupa Azoty Zaklady Azotowe Pulawy's Cyclically Adjusted PS Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Grupa Azoty Zaklady Azotowe Pulawy ranks #12 out of 196 companies for Cyclically Adjusted PS Ratio. This places Grupa Azoty Zaklady Azotowe Pulawy in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.94. Grupa Azoty Zaklady Azotowe Pulawy's value of 0.16 is 83% below this benchmark. Historically, Grupa Azoty Zaklady Azotowe Pulawy's own Cyclically Adjusted PS Ratio has ranged from 0.14 to 0.62 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.94, Grupa Azoty Zaklady Azotowe Pulawy 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 an Agriculture company?
The median Cyclically Adjusted PS Ratio among Agriculture companies is 0.94, based on 196 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. Grupa Azoty Zaklady Azotowe Pulawy's current Cyclically Adjusted PS Ratio of 0.16 is 83% 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 Grupa Azoty Zaklady Azotowe Pulawy and its competitors. For the Agriculture industry, the median Cyclically Adjusted PS Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupa Azoty Zaklady Azotowe Pulawy's current Cyclically Adjusted PS Ratio is 0.16, which is 47% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupa Azoty Zaklady Azotowe Pulawy stock overvalued right now?
Based on GuruFocus' analysis, Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) is currently considered Fairly Valued. The stock's GF Value™ is zł47.76, compared to a current price of zł48.30 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.16, which is 47% below median its 10-year median of 0.30 and 83% below the Agriculture industry median of 0.94. Grupa Azoty Zaklady Azotowe Pulawy's overall GF Score™ is 66/100 with 3 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 Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP), the current Cyclically Adjusted PS Ratio is 0.16 as of Jul. 18, 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 Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa Azoty Zaklady Azotowe Pulawy stock appears to be overvalued. The current stock price of zł48.30 is trading 1.1% above its estimated GF Value™ of zł47.76. GuruFocus considers Grupa Azoty Zaklady Azotowe Pulawy to be Fairly Valued.

Key valuation signals for WAR:ZAP:

  • Cyclically Adjusted PS Ratio: 0.16 (47% below median its 10-year median of 0.30)
  • GF Value™: zł47.76 vs. price of zł48.30 (1.1% above fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 83% below the Agriculture median (#12 of 196)

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


Grupa Azoty Zaklady Azotowe Pulawy Business Description

Address Al. Tysiaclecia Panstwa Polskiego 13, Pulawy, POL, 24-110
Grupa Azoty Zaklady Azotowe Pulawy SA is a manufacturer and supplier of mineral fertilizers, basic chemicals and also involved in the procurement of raw materials and consumables. The company's segment includes Agro; Plastics; Energy and Other Activities. It generates maximum revenue from the Agro segment. The Agro Segment comprises the manufacturing of ammonia and products derived from the processing of ammonia, in particular urea and its solutions, including urea-ammonium nitrate solution, melamine, nitric acid, ammonium nitrate, technical gases, hydrogen peroxide, as well as phosphorus, potassium and blended fertilizers.
66GF Score

Get the complete analysis for WAR:ZAP

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

zł48.30
Price
zł47.76
GF Value