Lightbridge (HAM:N7ON) Cyclically Adjusted PB Ratio: 1.35 (As of Aug. 13, 2026) — 382% Above Median

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HAM:N7ON Lightbridge Corp HAM:N7ON
24 GF Score
Price €7.64
! 1 Warning Sign
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What is Lightbridge Cyclically Adjusted PB Ratio?

Lightbridge HAM:N7ON +1.92% 24 Cyclically Adjusted PB Ratio is 1.35 as of Aug. 13, 2026, which is 382% above its 10-year median of 0.28. GuruFocus rates HAM:N7ON with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 2,229 Industrial Products companies, Lightbridge ranks better than 65.55% on this metric.

As of today (2026-08-13), Lightbridge's current share price is €7.638. Lightbridge's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €5.66. Lightbridge's Cyclically Adjusted PB Ratio for today is 1.35.

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

HAM:N7ON' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.28   Max: 1.38
Current: 1.38

During the past years, Lightbridge's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.07. And the median was 0.28.

HAM:N7ON's Cyclically Adjusted PB Ratio is ranked better than
65.55% of 2229 companies
in the Industrial Products industry
Industry Median: 2.17 vs HAM:N7ON: 1.38

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.

Lightbridge's adjusted book value per share data for the three months ended in Jun. 2026 was €5.536. 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 €5.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lightbridge  (HAM:N7ON) 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.


Lightbridge Cyclically Adjusted PB Ratio Related Terms


Lightbridge Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lightbridge'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.

Lightbridge Cyclically Adjusted PB Ratio Chart

Lightbridge 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 0.56 0.45 0.46 0.76 2.11

Lightbridge 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 2.39 3.73 2.11 1.69 1.37

HAM:N7ON vs EAF, ESP, SKYX: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Lightbridge'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.


Lightbridge Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lightbridge's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:N7ON
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Lightbridge Corp HAM:N7ON
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Lightbridge 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.

Lightbridge's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.638/5.66
=1.35

* 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.

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

For example, Lightbridge'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)
=5.536/333.9520*333.9520
=5.536

Current CPI (Jun. 2026) = 333.9520.

Lightbridge Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.512 241.428 14.541
201612 8.884 241.432 12.288
201703 8.052 243.801 11.029
201706 6.195 244.955 8.446
201709 4.879 246.819 6.601
201712 4.615 246.524 6.252
201803 10.967 249.554 14.676
201806 10.316 251.989 13.671
201809 9.032 252.439 11.948
201812 8.300 251.233 11.033
201903 7.368 254.202 9.680
201906 6.477 256.143 8.445
201909 5.966 256.759 7.760
201912 5.313 256.974 6.905
202003 4.840 258.115 6.262
202006 4.236 257.797 5.487
202009 3.379 260.280 4.335
202012 2.154 260.474 2.762
202103 1.953 264.877 2.462
202106 1.751 271.696 2.152
202109 1.825 274.310 2.222
202112 2.248 278.802 2.693
202203 2.438 287.504 2.832
202206 2.518 296.311 2.838
202209 2.670 296.808 3.004
202212 2.310 296.797 2.599
202303 2.182 301.836 2.414
202306 2.112 305.109 2.312
202309 2.116 307.789 2.296
202312 1.935 306.746 2.107
202403 1.817 312.332 1.943
202406 1.720 314.175 1.828
202409 1.561 315.301 1.653
202412 2.060 315.605 2.180
202503 2.460 319.799 2.569
202506 3.318 322.561 3.435
202509 4.304 324.800 4.425
202512 5.535 324.054 5.704
202603 5.758 330.213 5.823
202606 5.536 333.952 5.536

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.

What does a Cyclically Adjusted PB Ratio of 1.35 mean?
Lightbridge (HAM:N7ON) has a Cyclically Adjusted PB Ratio of 1.35 as of Aug. 13, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Lightbridge and its competitors. This is 382% above median its historical median of 0.28. Over the past decade, Lightbridge's Cyclically Adjusted PB Ratio has ranged from 0.07 to 1.38. According to the industry distribution chart, Lightbridge ranks #768 out of 2229 companies in the Industrial Products industry, placing it in the top 34.5%.
Is Lightbridge's Cyclically Adjusted PB Ratio too high?
Lightbridge's current Cyclically Adjusted PB Ratio of 1.35 is 382% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 1.38. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Lightbridge's value of 1.35 is 37.8% below this industry median. Based on the distribution chart, Lightbridge ranks #768 out of 2229 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Lightbridge has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Lightbridge's Cyclically Adjusted PB Ratio compare to EAF and ESP?
According to the Industrial Products industry distribution chart, Lightbridge ranks #768 out of 2229 companies for Cyclically Adjusted PB Ratio. This puts Lightbridge in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Lightbridge's value of 1.35 is 37.8% below this benchmark. Historically, Lightbridge's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 1.38 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 2.17, Lightbridge has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.17, based on 2,229 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lightbridge's current Cyclically Adjusted PB Ratio of 1.35 is 37.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Lightbridge and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lightbridge's current Cyclically Adjusted PB Ratio is 1.35, which is 382% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightbridge stock overvalued right now?
Lightbridge (HAM:N7ON) has a current Cyclically Adjusted PB Ratio of 1.35. The current Cyclically Adjusted PB Ratio is 1.35, which is 382% above median its 10-year median of 0.28 and 37.8% below the Industrial Products industry median of 2.17. Lightbridge's overall GF Score™ is 24/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Lightbridge (HAM:N7ON), the current Cyclically Adjusted PB Ratio is 1.35 as of Aug. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lightbridge Business Description

Other Exchanges LTBR:USAN7ON:Germany
Address 11710 Plaza America Drive, Suite 2000, Reston, VA, USA, 20190
Lightbridge Corp is a United States-based nuclear fuel technology company. The business activity of the firm is functioned through one business segment, engaged in research and development and commercialization of its nuclear fuel. The Nuclear Fuel Technology segment develops next generation nuclear fuel technology that increases the power output of commercial reactors and reduces the cost of generating electricity. Geographically, its operations are functioned through the region of Unites States.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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