Lewis Group (JSE:LEW) Cyclically Adjusted PB Ratio: 0.95 (As of Jul. 24, 2026) — 70% Above Median

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JSE:LEW Lewis Group Ltd JSE:LEW
95 GF Score
Price R87.67
GF Value R84.24
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Lewis Group Cyclically Adjusted PB Ratio?

Lewis Group JSE:LEW +1.11% 95 Cyclically Adjusted PB Ratio is 0.95 as of Jul. 24, 2026, which is 70% above its 10-year median of 0.56. GuruFocus rates JSE:LEW with a GF Score™ of 95/100 and a GF Value™ of R84.24 (Fairly Valued). The stock has 4 warning signs investors should review. Among 809 Retail - Cyclical companies, Lewis Group ranks better than 56.24% on this metric.

As of today (2026-07-24), Lewis Group's current share price is R87.67. Lewis Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was R91.95. Lewis Group's Cyclically Adjusted PB Ratio for today is 0.95.

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

JSE:LEW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.56   Max: 1.09
Current: 1.02

During the past 13 years, Lewis Group's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.18. And the median was 0.56.

JSE:LEW's Cyclically Adjusted PB Ratio is ranked better than
56.24% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs JSE:LEW: 1.02

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.

Lewis Group's adjusted book value per share data of for the fiscal year that ended in Mar26 was R106.213. 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 R91.95 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lewis Group  (JSE:LEW) 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.


Lewis Group Cyclically Adjusted PB Ratio Related Terms


Lewis Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lewis Group'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.

Lewis Group Cyclically Adjusted PB Ratio Chart

Lewis Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.50 0.51 0.80 0.86

Lewis Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.51 0.00 0.80 0.00 0.86

JSE:LEW vs CASY, WSM, DKS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Lewis Group'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.


Lewis Group Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


JSE:LEW
95GF Score
Lewis Group Ltd JSE:LEW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lewis Group 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.

Lewis Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=87.67/91.95
=0.95

* 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.

Lewis Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Lewis Group's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=106.213/164.7700*164.7700
=106.213

Current CPI (Mar26) = 164.7700.

Lewis Group Annual Data

Book Value per Share CPI Adj_Book
201703 61.273 111.400 90.628
201803 65.302 115.542 93.125
201903 60.804 120.774 82.954
202003 61.263 125.679 80.318
202103 68.141 129.628 86.614
202203 76.523 137.594 91.637
202303 82.454 147.586 92.054
202403 88.907 155.483 94.218
202503 98.644 159.728 101.758
202603 106.213 164.770 106.213

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 0.95 mean?
Lewis Group (JSE:LEW) has a Cyclically Adjusted PB Ratio of 0.95 as of Jul. 24, 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 Lewis Group and its competitors. This is 70% above median its historical median of 0.56. Over the past decade, Lewis Group's Cyclically Adjusted PB Ratio has ranged from 0.18 to 1.09. According to the industry distribution chart, Lewis Group ranks #354 out of 809 companies in the Retail - Cyclical industry, placing it in the top 43.8%.
Is Lewis Group's Cyclically Adjusted PB Ratio too high?
Lewis Group's current Cyclically Adjusted PB Ratio of 0.95 is 70% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.09. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Lewis Group's value of 0.95 is 23.4% below this industry median. Based on the distribution chart, Lewis Group ranks #354 out of 809 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Lewis Group has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lewis Group's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Lewis Group ranks #354 out of 809 companies for Cyclically Adjusted PB Ratio. This puts Lewis Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Lewis Group's value of 0.95 is 23.4% below this benchmark. Historically, Lewis Group's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 1.09 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.24, Lewis Group 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 a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 809 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. Lewis Group's current Cyclically Adjusted PB Ratio of 0.95 is 23.4% 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 Lewis Group and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lewis Group's current Cyclically Adjusted PB Ratio is 0.95, which is 70% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lewis Group stock overvalued right now?
Based on GuruFocus' analysis, Lewis Group (JSE:LEW) is currently considered Fairly Valued. The stock's GF Value™ is R84.24, compared to a current price of R87.67 — trading 4.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.95, which is 70% above median its 10-year median of 0.56 and 23.4% below the Retail - Cyclical industry median of 1.24. Lewis Group's overall GF Score™ is 95/100 with 4 warning signs 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 Lewis Group (JSE:LEW), the current Cyclically Adjusted PB Ratio is 0.95 as of Jul. 24, 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.

Is Lewis Group (JSE:LEW) Overvalued in 2026?

Based on GuruFocus' analysis, Lewis Group stock appears to be overvalued. The current stock price of R87.67 is trading 4.1% above its estimated GF Value™ of R84.24. GuruFocus considers Lewis Group to be Fairly Valued.

Key valuation signals for JSE:LEW:

  • Cyclically Adjusted PB Ratio: 0.95 (70% above median its 10-year median of 0.56)
  • GF Value™: R84.24 vs. price of R87.67 (4.1% above fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 23.4% below the Retail - Cyclical median (#354 of 809)

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


Lewis Group Business Description

Address 53A Victoria Road, Universal House, Woodstock, Cape Town, ZAF, 7925
Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.
95GF Score

Get the complete analysis for JSE:LEW

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

R87.67
Price
R84.24
GF Value