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Deutsche Lufthansa AG (BSE:LHA) Cyclically Adjusted PB Ratio : 0.66 (As of May. 22, 2025)


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What is Deutsche Lufthansa AG Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Deutsche Lufthansa AG's current share price is lei34.23. Deutsche Lufthansa AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was lei52.08. Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio for today is 0.66.

The historical rank and industry rank for Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSE:LHA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.73   Max: 1.86
Current: 0.64

During the past years, Deutsche Lufthansa AG's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.45. And the median was 0.73.

BSE:LHA's Cyclically Adjusted PB Ratio is ranked better than
75.79% of 698 companies
in the Transportation industry
Industry Median: 1.22 vs BSE:LHA: 0.64

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.

Deutsche Lufthansa AG's adjusted book value per share data for the three months ended in Mar. 2025 was lei42.421. 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 lei52.08 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Lufthansa AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deutsche Lufthansa AG's Cyclically Adjusted 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.

* Premium members only.

Deutsche Lufthansa AG Cyclically Adjusted PB Ratio Chart

Deutsche Lufthansa AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.62 0.77 0.79 0.60

Deutsche Lufthansa AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted 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 0.71 0.56 0.64 0.60 0.64

Competitive Comparison of Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Deutsche Lufthansa AG'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.


Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio falls into.


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Deutsche Lufthansa AG Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.23/52.08
=0.66

* 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.

Deutsche Lufthansa AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Deutsche Lufthansa AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=42.421/127.7792*127.7792
=42.421

Current CPI (Mar. 2025) = 127.7792.

Deutsche Lufthansa AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 44.308 100.417 56.381
201509 47.224 100.417 60.092
201512 43.277 99.717 55.456
201603 36.379 100.017 46.477
201606 27.512 100.717 34.904
201609 36.521 101.017 46.197
201612 47.406 101.217 59.847
201703 49.036 101.417 61.782
201706 55.307 102.117 69.206
201709 68.550 102.717 85.276
201712 72.370 102.617 90.115
201803 70.866 102.917 87.985
201806 76.752 104.017 94.285
201809 89.092 104.718 108.713
201812 72.485 104.217 88.873
201903 73.332 104.217 89.911
201906 68.543 105.718 82.847
201909 65.465 106.018 78.903
201912 75.437 105.818 91.093
202003 54.755 105.718 66.182
202006 35.313 106.618 42.322
202009 21.515 105.818 25.980
202012 8.771 105.518 10.621
202103 12.847 107.518 15.268
202106 20.076 108.486 23.646
202109 23.067 109.435 26.934
202112 18.856 110.384 21.828
202203 22.170 113.968 24.857
202206 31.174 115.760 34.411
202209 33.829 118.818 36.380
202212 33.389 119.345 35.749
202303 30.065 122.402 31.386
202306 32.674 123.140 33.905
202309 41.647 124.195 42.849
202312 39.464 123.773 40.741
202403 38.810 125.038 39.661
202406 38.938 125.882 39.525
202409 42.261 126.198 42.791
202412 45.217 127.041 45.480
202503 42.421 127.779 42.421

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


Deutsche Lufthansa AG  (BSE:LHA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Deutsche Lufthansa AG Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Deutsche Lufthansa AG Business Description

Address
Venloer Street 151-153, Cologne, NW, DEU, 50672
Deutsche Lufthansa AG is a European airline group. The company's segments include passenger airlines, logistics, and MRO. The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

Deutsche Lufthansa AG Headlines

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