LeoNovus (FRA:LE4A) Cyclically Adjusted PB Ratio: (As of Jul. 25, 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.
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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.

FRA:LE4A LeoNovus Inc FRA:LE4A
14 GF Score
Price €0.02
GF Value €0.07
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What is LeoNovus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LeoNovus  (FRA:LE4A) 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.


LeoNovus Cyclically Adjusted PB Ratio Related Terms


LeoNovus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LeoNovus'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.

LeoNovus Cyclically Adjusted PB Ratio Chart

LeoNovus 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 0.00 0.00 0.00 0.00 0.00

LeoNovus Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 224.02

FRA:LE4A vs CRM, INTU, NOW: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, LeoNovus'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.


LeoNovus Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, LeoNovus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:LE4A
14GF Score
LeoNovus Inc FRA:LE4A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LeoNovus 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.

LeoNovus's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, LeoNovus'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)
=-0.097/132.2623*132.2623
=-0.097

Current CPI (Mar. 2026) = 132.2623.

LeoNovus Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.669 102.002 -0.867
201609 -0.673 101.765 -0.875
201612 -0.744 101.449 -0.970
201703 -0.482 102.634 -0.621
201706 -0.506 103.029 -0.650
201709 -0.339 103.345 -0.434
201712 0.796 103.345 1.019
201803 0.700 105.004 0.882
201806 0.620 105.557 0.777
201809 0.523 105.636 0.655
201812 0.407 105.399 0.511
201903 0.314 106.979 0.388
201906 0.246 107.690 0.302
201909 0.165 107.611 0.203
201912 0.074 107.769 0.091
202003 0.021 107.927 0.026
202006 -0.003 108.401 -0.004
202009 -0.035 108.164 -0.043
202012 0.035 108.559 0.043
202103 0.010 110.298 0.012
202106 0.084 111.720 0.099
202109 0.065 112.905 0.076
202112 0.047 113.774 0.055
202203 0.028 117.646 0.031
202206 0.009 120.806 0.010
202209 -0.004 120.648 -0.004
202212 -0.053 120.964 -0.058
202303 -0.031 122.702 -0.033
202306 -0.038 124.203 -0.040
202309 -0.043 125.230 -0.045
202312 -0.051 125.072 -0.054
202403 -0.056 126.258 -0.059
202406 -0.062 127.522 -0.064
202409 -0.066 127.285 -0.069
202412 -0.072 127.364 -0.075
202503 -0.075 129.181 -0.077
202506 -0.078 129.892 -0.079
202509 -0.081 130.287 -0.082
202512 -0.091 130.366 -0.092
202603 -0.097 132.262 -0.097

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 LeoNovus (FRA:LE4A) Overvalued in 2026?

Based on GuruFocus' analysis, LeoNovus stock appears to be undervalued. The current stock price of €0.02 is trading 74.3% below its estimated GF Value™ of €0.07.

Key valuation signals for FRA:LE4A:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.07 vs. price of €0.02 (74.3% below fair value)
  • GF Score™: 14/100

No single metric tells the full story. See the FRA:LE4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LeoNovus Business Description

Address 2611 Queensview Drive, Suite 125, Ottawa, ON, CAN, K2B 8K2
LeoNovus Inc s is a secure data management software company. The Leonovus suite of data management tools offers customers a complete end-to-end data-centric solution. This solution can stand on its own, or it can be integrated with the organization's zero-trust plan and architecture. It takes seamless advantage of the organization's existing storage infrastructure and network architecture, working on-premises, in the cloud, or both, and extends the data-centric controls across the entire architecture, including cloud resources.
14GF Score

Get the complete analysis for FRA:LE4A

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

€0.02
Price
€0.07
GF Value