Black Rose Projects (WAR:BRP) PB Ratio: (As of Aug. 01, 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:BRP Black Rose Projects SA WAR:BRP
37 GF Score
Price zł0.38
GF Value zł0.52
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Black Rose Projects PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-08-01), Black Rose Projects's share price is zł0.378. Black Rose Projects's Book Value per Share for the quarter that ended in Mar. 2026 was zł-0.14. Hence, Black Rose Projects's PB Ratio of today is .

The historical rank and industry rank for Black Rose Projects's PB Ratio or its related term are showing as below:

During the past 6 years, Black Rose Projects's highest PB Ratio was 3.41. The lowest was 0.50. And the median was 0.94.

WAR:BRP's PB Ratio is not ranked *
in the Interactive Media industry.
Industry Median: 1.74
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, Black Rose Projects's average Book Value Per Share Growth Rate was -109.10% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Black Rose Projects was 40.20% per year. The lowest was -19.50% per year. And the median was 10.35% per year.

Back to Basics: PB Ratio


Black Rose Projects  (WAR:BRP) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Black Rose Projects PB Ratio Related Terms


Black Rose Projects PB Ratio Historical Data

* Premium members only.

The historical data trend for Black Rose Projects's PB 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.

Black Rose Projects PB Ratio Chart

Black Rose Projects Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 2.88 1.03 0.71 0.00

Black Rose Projects Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB 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 0.60 1.07 1.08 0.00 0.00

WAR:BRP vs NTES, EA, TTWO: PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Black Rose Projects's PB Ratio, along with its competitors' market caps and PB 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.


Black Rose Projects PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Black Rose Projects's PB Ratio distribution charts can be found below:

* The bar in red indicates where Black Rose Projects's PB Ratio falls into.


WAR:BRP
37GF Score
Black Rose Projects SA WAR:BRP
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Black Rose Projects PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Black Rose Projects's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.378/-0.135
=

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Is Black Rose Projects (WAR:BRP) Overvalued in 2026?

Based on GuruFocus' analysis, Black Rose Projects stock appears to be undervalued. The current stock price of zł0.38 is trading 27.3% below its estimated GF Value™ of zł0.52. GuruFocus considers Black Rose Projects to be Modestly Undervalued.

Key valuation signals for WAR:BRP:

  • PB Ratio:
  • GF Value™: zł0.52 vs. price of zł0.38 (27.3% below fair value)
  • GF Score™: 37/100 with 7 warning signs

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


Black Rose Projects Business Description

Address Tysiaclecia 1A, Dabrowa Gornicza, POL, 41-300
Black Rose Projects SA develops porting computer and mobile games. It offers porting games for the PC platforms, Nintendo Switch, and PlayStation 4 consoles. Its services include porting, publishing, and managing the sales of given projects.
37GF Score

Get the complete analysis for WAR:BRP

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

zł0.38
Price
zł0.52
GF Value