LBLTF (Lattice Biologics) Cyclically Adjusted PB Ratio: (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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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.

What is Lattice Biologics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lattice Biologics  (OTCPK:LBLTF) 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.


Lattice Biologics Cyclically Adjusted PB Ratio Related Terms


Lattice Biologics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lattice Biologics'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.

Lattice Biologics Cyclically Adjusted PB Ratio Chart

Lattice Biologics Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Sep16 Sep17 Sep18 Sep19 Sep20
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

Lattice Biologics Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.00

LBLTF vs ABT, MDT, SYK: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Lattice Biologics'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.


Lattice Biologics Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Lattice Biologics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Lattice Biologics 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.

Lattice Biologics's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2021 is calculated as:

For example, Lattice Biologics's adjusted Book Value per Share data for the three months ended in Jun. 2021 was:

Adj_Book=Book Value per Share/CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=0.001/271.6960*271.6960
=0.001

Current CPI (Jun. 2021) = 271.6960.

Lattice Biologics Quarterly Data

Book Value per Share CPI Adj_Book
201109 7.276 226.889 8.713
201112 0.131 225.672 0.158
201203 0.187 229.392 0.221
201206 0.077 229.478 0.091
201209 0.020 231.407 0.023
201212 -0.029 229.601 -0.034
201303 -0.081 232.773 -0.095
201306 -0.127 233.504 -0.148
201309 -0.153 234.149 -0.178
201312 -0.179 233.049 -0.209
201403 -0.182 236.293 -0.209
201406 -0.204 238.343 -0.233
201409 -0.212 238.031 -0.242
201412 -0.236 234.812 -0.273
201503 -0.234 236.119 -0.269
201506 -0.240 238.638 -0.273
201509 -0.275 237.945 -0.314
201512 -0.249 236.525 -0.286
201603 -0.100 238.132 -0.114
201606 -0.119 241.018 -0.134
201609 -0.093 241.428 -0.105
201612 -0.083 241.432 -0.093
201703 -0.088 243.801 -0.098
201706 -0.037 244.955 -0.041
201709 -0.046 246.819 -0.051
201712 -0.046 246.524 -0.051
201803 -0.049 249.554 -0.053
201806 -0.055 251.989 -0.059
201809 -0.057 252.439 -0.061
201812 -0.058 251.233 -0.063
201903 -0.057 254.202 -0.061
201906 -0.060 256.143 -0.064
201909 -0.068 256.759 -0.072
201912 -0.068 256.974 -0.072
202003 -0.077 258.115 -0.081
202006 -0.062 257.797 -0.065
202009 -0.050 260.280 -0.052
202012 -0.052 260.474 -0.054
202103 -0.012 264.877 -0.012
202106 0.001 271.696 0.001

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.


Lattice Biologics Business Description

Address 512 East Madison Avenue, Suite A1, Belgrade, MT, USA, 59714
Lattice Biologics Ltd is a biologic product manufacturing company. It manufactures and markets biologic products to domestic and international markets. The company's products include ADM dermis, DBM Putty, Bone scaffold, and others, of which key revenue is derived from Bone scaffold. The biologic products are used in various applications such as enhancing fusion in spine surgery, enhancing breast reconstruction post mastectomy for breast cancer patients, sports medicine applications, promotion of bone in foot and ankle surgery, promotion of skull healing following neurosurgery, and subchondral bone defect repair in knee and other joint surgeries. The company generates its revenue from operations principally carried in the United States of America.