LCTSF (Lectra) Cyclically Adjusted PB Ratio: 2.02 (As of Jul. 15, 2026) — 66% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

LCTSF Lectra LCTSF
88 GF Score
Price $28.65
GF Value $41.82
! 7 Warning Signs
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What is Lectra Cyclically Adjusted PB Ratio?

Lectra LCTSF 88 Cyclically Adjusted PB Ratio is 2.02 as of Jul. 15, 2026, which is 66% below its 10-year median of 6.00. GuruFocus rates LCTSF with a GF Score™ of 88/100 and a GF Value™ of $41.82. The stock has 7 warning signs investors should review. Among 1,597 Software companies, Lectra ranks better than 52.97% on this metric.

As of today (2026-07-15), Lectra's current share price is $28.65. Lectra's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $14.19. Lectra's Cyclically Adjusted PB Ratio for today is 2.02.

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

LCTSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.92   Med: 6   Max: 11.87
Current: 2.09

During the past years, Lectra's highest Cyclically Adjusted PB Ratio was 11.87. The lowest was 1.92. And the median was 6.00.

LCTSF's Cyclically Adjusted PB Ratio is ranked better than
52.97% of 1597 companies
in the Software industry
Industry Median: 2.31 vs LCTSF: 2.09

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.

Lectra's adjusted book value per share data for the three months ended in Mar. 2026 was $10.682. 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 $14.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lectra  (OTCPK:LCTSF) 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.


Lectra Cyclically Adjusted PB Ratio Related Terms


Lectra Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lectra'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.

Lectra Cyclically Adjusted PB Ratio Chart

Lectra 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 8.91 5.93 4.51 3.46 3.17

Lectra 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 3.45 3.04 2.98 3.17 2.02

LCTSF vs UBER, SHOP, CRM: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Lectra'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.


Lectra Cyclically Adjusted PB Ratio vs Software Industry

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

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


LCTSF
88GF Score
Lectra LCTSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lectra 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.65/14.19
=2.02

* 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.

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

For example, Lectra'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)
=10.682/122.4200*122.4200
=10.682

Current CPI (Mar. 2026) = 122.4200.

Lectra Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.134 100.630 5.029
201609 4.431 100.340 5.406
201612 4.477 100.650 5.445
201703 4.760 101.170 5.760
201706 4.804 101.320 5.804
201709 5.367 101.330 6.484
201712 5.670 101.850 6.815
201803 6.112 102.750 7.282
201806 5.619 103.370 6.655
201809 5.925 103.560 7.004
201812 6.092 103.470 7.208
201903 6.282 103.890 7.402
201906 6.070 104.580 7.105
201909 6.010 104.500 7.041
201912 6.336 104.980 7.389
202003 6.426 104.590 7.521
202006 6.155 104.790 7.191
202009 6.680 104.550 7.822
202012 7.188 104.960 8.384
202103 7.298 105.750 8.448
202106 11.839 106.340 13.629
202109 11.821 106.810 13.549
202112 11.919 107.850 13.529
202203 12.085 110.490 13.390
202206 12.167 112.550 13.234
202209 12.387 112.740 13.451
202212 12.611 114.160 13.523
202303 11.653 116.790 12.215
202306 11.465 117.650 11.930
202309 11.796 118.260 12.211
202312 11.823 118.390 12.225
202403 9.070 119.470 9.294
202406 8.793 120.200 8.955
202409 9.046 119.560 9.262
202412 9.753 119.950 9.954
202503 9.905 120.380 10.073
202506 9.950 121.360 10.037
202509 10.254 120.950 10.379
202512 10.620 120.900 10.754
202603 10.682 122.420 10.682

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 2.02 mean?
Lectra (LCTSF) has a Cyclically Adjusted PB Ratio of 2.02 as of Jul. 15, 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 Lectra and its competitors. This is 66% below median its historical median of 6.00. Over the past decade, Lectra's Cyclically Adjusted PB Ratio has ranged from 1.92 to 11.87. According to the industry distribution chart, Lectra ranks #751 out of 1597 companies in the Software industry, placing it in the top 47%.
Is Lectra's Cyclically Adjusted PB Ratio too high?
Lectra's current Cyclically Adjusted PB Ratio of 2.02 is 66% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 11.87. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Lectra's value of 2.02 is 12.6% below this industry median. Based on the distribution chart, Lectra ranks #751 out of 1597 companies in the Software industry, which is above the industry midpoint. Overall, Lectra has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Lectra's Cyclically Adjusted PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Lectra ranks #751 out of 1597 companies for Cyclically Adjusted PB Ratio. This puts Lectra in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Lectra's value of 2.02 is 12.6% below this benchmark. Historically, Lectra's own Cyclically Adjusted PB Ratio has ranged from 1.92 to 11.87 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 2.31, Lectra 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,597 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. Lectra's current Cyclically Adjusted PB Ratio of 2.02 is 12.6% 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 Lectra and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lectra's current Cyclically Adjusted PB Ratio is 2.02, which is 66% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lectra stock overvalued right now?
Lectra (LCTSF) has a current Cyclically Adjusted PB Ratio of 2.02. The stock's GF Value™ is $41.82, compared to a current price of $28.65 — trading 31.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.02, which is 66% below median its 10-year median of 6.00 and 12.6% below the Software industry median of 2.31. Lectra's overall GF Score™ is 88/100 with 7 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 Lectra (LCTSF), the current Cyclically Adjusted PB Ratio is 2.02 as of Jul. 15, 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 Lectra (LCTSF) Overvalued in 2026?

Based on GuruFocus' analysis, Lectra stock appears to be undervalued. The current stock price of $28.65 is trading 31.5% below its estimated GF Value™ of $41.82.

Key valuation signals for LCTSF:

  • Cyclically Adjusted PB Ratio: 2.02 (66% below median its 10-year median of 6.00)
  • GF Value™: $41.82 vs. price of $28.65 (31.5% below fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 12.6% below the Software median (#751 of 1597)

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


Lectra Business Description

Address 16-18, Rue Chalgrin, Paris, FRA, 75016
Lectra is engaged in the design and development of software, CAD/CAM equipment, and associated services designed for industries using fabrics, leather, technical textiles, and composite materials to manufacture products. The company serves fashion and apparel, automotive, and furniture markets, as well as other industries, such as aeronautical, marine and wind power industries. It operates in EMEA, the Americas, the Asia-Pacific, and internationally of which the majority of its revenue is derived from the Europe region.
88GF Score

Get the complete analysis for LCTSF

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

$28.65
Price
$41.82
GF Value