Lucara Diamond (BOT:LUC) Cyclically Adjusted Book per Share: BWP16.69 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BOT:LUC Lucara Diamond Corp BOT:LUC
100 GF Score
Price BWP4.00
GF Value BWP4.77
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Lucara Diamond Cyclically Adjusted Book per Share?

Lucara Diamond BOT:LUC 100 Cyclically Adjusted Book per Share is BWP16.69 as of Mar. 2026. GuruFocus rates BOT:LUC with a GF Score™ of 100/100 and a GF Value™ of BWP4.77 (Modestly Undervalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Lucara Diamond's adjusted book value per share for the three months ended in Mar. 2026 was BWP3.692. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is BWP16.69 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Lucara Diamond's average Cyclically Adjusted Book Growth Rate was -1.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Lucara Diamond was 11.50% per year. The lowest was 2.30% per year. And the median was 5.70% per year.

As of today (2026-07-13), Lucara Diamond's current stock price is BWP4.00. Lucara Diamond's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BWP16.69. Lucara Diamond's Cyclically Adjusted PB Ratio of today is 0.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lucara Diamond was 6.02. The lowest was 0.17. And the median was 0.77.


Lucara Diamond  (BOT:LUC) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Lucara Diamond's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.00/16.69
=0.24

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lucara Diamond was 6.02. The lowest was 0.17. And the median was 0.77.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Lucara Diamond Cyclically Adjusted Book per Share Related Terms


Lucara Diamond Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Lucara Diamond's Cyclically Adjusted Book per Share 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.

Lucara Diamond Cyclically Adjusted Book per Share Chart

Lucara Diamond Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.59 9.61 9.12 9.65 20.25

Lucara Diamond Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 11.09 18.20 20.25 20.25 16.69

BOT:LUC vs HL: Cyclically Adjusted Book per Share Comparison

For the Other Precious Metals & Mining subindustry, Lucara Diamond's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Lucara Diamond Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lucara Diamond's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lucara Diamond's Cyclically Adjusted PB Ratio falls into.


BOT:LUC
100GF Score
Lucara Diamond Corp BOT:LUC
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lucara Diamond Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, Lucara Diamond's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.692/132.2623*132.2623
=3.692

Current CPI (Mar. 2026) = 132.2623.

Lucara Diamond Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.506 102.002 14.919
201609 6.890 101.765 8.955
201612 7.122 101.449 9.285
201703 7.063 102.634 9.102
201706 8.105 103.029 10.405
201709 8.894 103.345 11.383
201712 9.132 103.345 11.687
201803 9.337 105.004 11.761
201806 9.059 105.557 11.351
201809 8.859 105.636 11.092
201812 8.306 105.399 10.423
201903 8.296 106.979 10.257
201906 8.174 107.690 10.039
201909 7.533 107.611 9.259
201912 8.128 107.769 9.975
202003 7.199 107.927 8.822
202006 6.817 108.401 8.318
202009 6.769 108.164 8.277
202012 7.141 108.559 8.700
202103 7.138 110.298 8.559
202106 7.507 111.720 8.887
202109 7.665 112.905 8.979
202112 7.481 113.774 8.697
202203 8.265 117.646 9.292
202206 8.062 120.806 8.827
202209 7.587 120.648 8.317
202212 8.106 120.964 8.863
202303 7.978 122.702 8.600
202306 7.989 124.203 8.507
202309 8.164 125.230 8.622
202312 7.226 125.072 7.641
202403 6.817 126.258 7.141
202406 7.131 127.522 7.396
202409 7.500 127.285 7.793
202412 8.187 127.364 8.502
202503 8.345 129.181 8.544
202506 8.894 129.892 9.056
202509 9.109 130.287 9.247
202512 9.420 130.366 9.557
202603 3.692 132.262 3.692

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of BWP16.69 mean?
Lucara Diamond (BOT:LUC) has a Cyclically Adjusted Book per Share of BWP16.69 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Lucara Diamond and its competitors.
Is Lucara Diamond's Cyclically Adjusted Book per Share too high?
Lucara Diamond's current Cyclically Adjusted Book per Share is BWP16.69. Overall, Lucara Diamond has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lucara Diamond's Cyclically Adjusted Book per Share compare to HL?
Lucara Diamond's Cyclically Adjusted Book per Share of BWP16.69 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Metals & Mining company?
A good Cyclically Adjusted Book per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Lucara Diamond and its competitors. Lucara Diamond's current Cyclically Adjusted Book per Share is BWP16.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucara Diamond stock overvalued right now?
Based on GuruFocus' analysis, Lucara Diamond (BOT:LUC) is currently considered Modestly Undervalued. The stock's GF Value™ is BWP4.77, compared to a current price of BWP4.00 — trading 16.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is BWP16.69. Lucara Diamond's overall GF Score™ is 100/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Lucara Diamond (BOT:LUC), the current Cyclically Adjusted Book per Share is BWP16.69 as of Mar. 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 Lucara Diamond (BOT:LUC) Overvalued in 2026?

Based on GuruFocus' analysis, Lucara Diamond stock appears to be undervalued. The current stock price of BWP4.00 is trading 16.1% below its estimated GF Value™ of BWP4.77. GuruFocus considers Lucara Diamond to be Modestly Undervalued.

Key valuation signals for BOT:LUC:

  • Cyclically Adjusted Book per Share: BWP16.69
  • GF Value™: BWP4.77 vs. price of BWP4.00 (16.1% below fair value)
  • GF Score™: 100/100 with 6 warning signs

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


Lucara Diamond Business Description

Address 1055 Dunsmuir Street, P.O Box 49225, 2800, Four Bentall Centre, Vancouver, BC, CAN, V7X 1L2
Lucara Diamond Corp is a diamond mining company focused on the development and operation of its Karowe Mine located in Botswana. The company has one operating segment: Karowe Mine, from which it derives revenue.
100GF Score

Get the complete analysis for BOT:LUC

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

BWP4.00
Price
BWP4.77
GF Value