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La-Z-Boy (FRA:LAZ) Cyclically Adjusted PB Ratio : 2.01 (As of Jun. 01, 2025)


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What is La-Z-Boy Cyclically Adjusted PB Ratio?

As of today (2025-06-01), La-Z-Boy's current share price is €37.00. La-Z-Boy's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was €18.40. La-Z-Boy's Cyclically Adjusted PB Ratio for today is 2.01.

The historical rank and industry rank for La-Z-Boy's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:LAZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.73   Max: 3.7
Current: 2.22

During the past years, La-Z-Boy's highest Cyclically Adjusted PB Ratio was 3.70. The lowest was 1.46. And the median was 2.73.

FRA:LAZ's Cyclically Adjusted PB Ratio is ranked worse than
66.56% of 320 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.305 vs FRA:LAZ: 2.22

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.

La-Z-Boy's adjusted book value per share data for the three months ended in Jan. 2025 was €23.823. 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 €18.40 for the trailing ten years ended in Jan. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


La-Z-Boy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for La-Z-Boy'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.

La-Z-Boy Cyclically Adjusted PB Ratio Chart

La-Z-Boy Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 3.48 1.80 1.77 1.84

La-Z-Boy Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 2.01 1.84 2.43 2.06 2.50

Competitive Comparison of La-Z-Boy's Cyclically Adjusted PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy'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.


La-Z-Boy's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where La-Z-Boy's Cyclically Adjusted PB Ratio falls into.


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La-Z-Boy 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.

La-Z-Boy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.00/18.40
=2.01

* 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.

La-Z-Boy's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 is calculated as:

For example, La-Z-Boy's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book=Book Value per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=23.823/134.0288*134.0288
=23.823

Current CPI (Jan. 2025) = 134.0288.

La-Z-Boy Quarterly Data

Book Value per Share CPI Adj_Book
201504 9.544 99.824 12.814
201507 9.417 100.691 12.535
201510 9.462 100.346 12.638
201601 10.000 99.957 13.409
201604 9.771 100.947 12.973
201607 10.086 101.524 13.315
201610 10.403 101.988 13.671
201701 11.085 102.456 14.501
201704 11.355 103.167 14.752
201707 10.621 103.278 13.783
201710 10.602 104.070 13.654
201801 10.277 104.578 13.171
201804 10.664 105.708 13.521
201807 11.260 106.324 14.194
201810 11.793 106.695 14.814
201901 12.321 106.200 15.550
201904 12.936 107.818 16.081
201907 13.054 108.250 16.163
201910 13.533 108.577 16.705
202001 13.960 108.841 17.191
202004 14.059 108.173 17.419
202007 13.386 109.318 16.412
202010 13.765 109.861 16.793
202101 13.816 110.364 16.778
202104 14.256 112.673 16.958
202107 14.324 115.183 16.668
202110 15.159 116.696 17.411
202201 15.859 118.619 17.919
202204 17.423 121.978 19.144
202207 19.079 125.002 20.457
202210 20.581 125.734 21.939
202301 19.491 126.223 20.696
202304 19.829 127.992 20.764
202307 19.990 128.974 20.773
202310 21.299 129.810 21.991
202401 21.074 130.124 21.706
202404 22.028 132.289 22.318
202407 21.927 132.708 22.145
202410 22.261 133.182 22.403
202501 23.823 134.029 23.823

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.


La-Z-Boy  (FRA:LAZ) 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.


La-Z-Boy Cyclically Adjusted PB Ratio Related Terms

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


La-Z-Boy Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment.