LightInTheBox Holding Co (FRA:L4X) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

FRA:L4X LightInTheBox Holding Co Ltd FRA:L4X
45 GF Score
Price €2.32
GF Value €1.61
! 2 Warning Signs
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What is LightInTheBox Holding Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


LightInTheBox Holding Co  (FRA:L4X) 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.


LightInTheBox Holding Co Cyclically Adjusted PB Ratio Related Terms


LightInTheBox Holding Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LightInTheBox Holding Co'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.

LightInTheBox Holding Co Cyclically Adjusted PB Ratio Chart

LightInTheBox Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 1.63 1.77 0.62 0.86

LightInTheBox Holding Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.44 0.81 0.86 0.99 0.00

FRA:L4X vs HOUR, AAQL, MOGU: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, LightInTheBox Holding Co'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.


LightInTheBox Holding Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, LightInTheBox Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where LightInTheBox Holding Co's Cyclically Adjusted PB Ratio falls into.


FRA:L4X
45GF Score
LightInTheBox Holding Co Ltd FRA:L4X
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LightInTheBox Holding Co 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.

LightInTheBox Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, LightInTheBox Holding Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.049/333.9520*333.9520
=-0.049

Current CPI (Jun. 2026) = 333.9520.

LightInTheBox Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.312 241.428 7.348
201612 5.434 241.432 7.516
201703 5.193 243.801 7.113
201706 4.825 244.955 6.578
201709 4.492 246.819 6.078
201712 4.146 246.524 5.616
201803 3.259 249.554 4.361
201806 2.699 251.989 3.577
201809 1.386 252.439 1.834
201812 -0.612 251.233 -0.814
201903 -1.780 254.202 -2.338
201906 -2.309 256.143 -3.010
201909 -1.095 256.759 -1.424
201912 1.836 256.974 2.386
202003 1.512 258.115 1.956
202006 1.891 257.797 2.450
202009 2.211 260.280 2.837
202012 2.170 260.474 2.782
202103 2.272 264.877 2.864
202106 2.705 271.696 3.325
202109 2.483 274.310 3.023
202112 2.995 278.802 3.587
202203 2.819 287.504 3.274
202206 2.742 296.311 3.090
202209 2.829 296.808 3.183
202212 0.194 296.797 0.218
202303 0.006 301.836 0.007
202306 -0.155 305.109 -0.170
202309 -0.214 307.789 -0.232
202312 -0.413 306.746 -0.450
202403 -0.674 312.332 -0.721
202406 -0.683 314.175 -0.726
202409 -0.589 315.301 -0.624
202412 -0.684 315.605 -0.724
202503 -0.645 319.799 -0.674
202506 -0.492 322.561 -0.509
202509 -0.357 324.800 -0.367
202512 -0.188 324.054 -0.194
202603 -0.135 330.213 -0.137
202606 -0.049 333.952 -0.049

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.

Is LightInTheBox Holding Co (FRA:L4X) Overvalued in 2026?

Based on GuruFocus' analysis, LightInTheBox Holding Co stock appears to be overvalued. The current stock price of €2.32 is trading 43.9% above its estimated GF Value™ of €1.61.

Key valuation signals for FRA:L4X:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.61 vs. price of €2.32 (43.9% above fair value)
  • GF Score™: 45/100 with 2 warning signs

No single metric tells the full story. See the FRA:L4X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LightInTheBox Holding Co Business Description

Other Exchanges LITB:USA
Address 4 pandan crescent No. 03-03, 03-03, Singapore, SGP, 128475
LightInTheBox Holding Co Ltd is a e-commerce company, providing a diverse range of affordable lifestyle products directly to consumers. Its brands include Ador, a women's fashion brand targeting women aged 35-55; the second is a golf apparel brand focusing on female golfers aged 35 and above; the third is a women's light party dress brand for the age group of 30 and above. It offers customers products through websites and mobile applications. The company operates and reviews its performance in two segments: Product sales which consisted of online retailing of consumer products and sales to third-party sellers, and Services which consisted of the provision of logistic services to companies and individual customers.
45GF Score

Get the complete analysis for FRA:L4X

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

€2.32
Price
€1.61
GF Value