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Lennox International (FRA:LXI) Cyclically Adjusted PB Ratio : (As of May. 16, 2024)


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What is Lennox International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lennox International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lennox International'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.

Lennox International Cyclically Adjusted PB Ratio Chart

Lennox International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.30 89.80 244.22 - -

Lennox International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Lennox International's Cyclically Adjusted PB Ratio

For the Building Products & Equipment subindustry, Lennox International'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.


Lennox International's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lennox International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Lennox International 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.

Lennox International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Lennox International's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.525/131.7762*131.7762
=9.525

Current CPI (Mar. 2024) = 131.7762.

Lennox International Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.810 100.560 10.234
201409 8.092 100.428 10.618
201412 0.153 99.070 0.204
201503 -0.345 99.621 -0.456
201506 1.102 100.684 1.442
201509 1.918 100.392 2.518
201512 2.079 99.792 2.745
201603 -1.520 100.470 -1.994
201606 0.632 101.688 0.819
201609 0.493 101.861 0.638
201612 0.829 101.863 1.072
201703 -0.031 102.862 -0.040
201706 0.215 103.349 0.274
201709 0.645 104.136 0.816
201712 1.013 104.011 1.283
201803 -2.014 105.290 -2.521
201806 -3.832 106.317 -4.750
201809 -1.847 106.507 -2.285
201812 -3.299 105.998 -4.101
201903 -4.582 107.251 -5.630
201906 -4.932 108.070 -6.014
201909 -6.535 108.329 -7.949
201912 -3.969 108.420 -4.824
202003 -7.531 108.902 -9.113
202006 -5.314 108.767 -6.438
202009 -2.566 109.815 -3.079
202012 -0.367 109.897 -0.440
202103 -3.574 111.754 -4.214
202106 -4.764 114.631 -5.477
202109 -7.778 115.734 -8.856
202112 -6.498 117.630 -7.279
202203 -10.334 121.301 -11.226
202206 -10.716 125.017 -11.295
202209 -8.699 125.227 -9.154
202212 -5.405 125.222 -5.688
202303 -3.313 127.348 -3.428
202306 1.627 128.729 1.666
202309 4.206 129.860 4.268
202312 7.353 129.419 7.487
202403 9.525 131.776 9.525

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.


Lennox International  (FRA:LXI) 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.


Lennox International Cyclically Adjusted PB Ratio Related Terms

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Lennox International (FRA:LXI) Business Description

Traded in Other Exchanges
Address
2140 Lake Park Boulevard, Richardson, TX, USA, 75080
Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2022, residential HVAC was 68% of sales, commercial HVAC was 19%, and refrigeration accounted for the remaining 13% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company will be focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.

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