Lear (LEA) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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
Charlie Tian
Founder & CEO of GuruFocus
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.

LEA Lear Corp LEA
82 GF Score
Price $121.93
GF Value $128.95
Valuation Fairly Valued
! 4 Warning Signs
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What is Lear Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lear  (NYSE:LEA) 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.


Lear Cyclically Adjusted PB Ratio Related Terms


Lear Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lear'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.

Lear Cyclically Adjusted PB Ratio Chart

Lear 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 2.86 1.74 1.82 1.14 1.27

Lear 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 1.12 1.16 1.31 1.34 1.45

LEA vs LKQ, GTX, MBLY: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Lear'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.


Lear Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lear's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LEA
82GF Score
Lear Corp LEA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lear 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.

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

For example, Lear'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)
=107.497/333.9520*333.9520
=107.497

Current CPI (Jun. 2026) = 333.9520.

Lear Quarterly Data

Book Value per Share CPI Adj_Book
201609 46.181 241.428 63.879
201612 45.986 241.432 63.608
201703 50.234 243.801 68.809
201706 55.186 244.955 75.236
201709 61.797 246.819 83.613
201712 66.483 246.524 90.061
201803 71.188 249.554 95.263
201806 69.968 251.989 92.726
201809 71.226 252.439 94.225
201812 71.794 251.233 95.432
201903 72.904 254.202 95.776
201906 74.375 256.143 96.968
201909 74.559 256.759 96.975
201912 76.437 256.974 99.334
202003 71.711 258.115 92.780
202006 68.360 257.797 88.554
202009 73.275 260.280 94.015
202012 76.849 260.474 98.528
202103 78.974 264.877 99.569
202106 81.566 271.696 100.256
202109 79.806 274.310 97.158
202112 80.643 278.802 96.595
202203 80.746 287.504 93.791
202206 76.553 296.311 86.278
202209 74.734 296.808 84.087
202212 81.761 296.797 91.996
202303 85.214 301.836 94.281
202306 86.661 305.109 94.853
202309 85.542 307.789 92.813
202312 88.815 306.746 96.692
202403 87.643 312.332 93.710
202406 87.081 314.175 92.563
202409 89.674 315.301 94.978
202412 85.876 315.605 90.868
202503 90.243 319.799 94.237
202506 97.937 322.561 101.396
202509 100.294 324.800 103.120
202512 102.692 324.054 105.829
202603 104.987 330.213 106.176
202606 107.497 333.952 107.497

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.

Is Lear (LEA) Overvalued in 2026?

Based on GuruFocus' analysis, Lear stock appears to be undervalued. The current stock price of $121.93 is trading 5.4% below its estimated GF Value™ of $128.95. GuruFocus considers Lear to be Fairly Valued.

Key valuation signals for LEA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $128.95 vs. price of $121.93 (5.4% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Lear Business Description

Other Exchanges 0JTQ:UK
Address 21557 Telegraph Road, Southfield, MI, USA, 48033
Lear Corp designs, develops, and manufactures automotive seating and electrical systems and components. The company has two reporting segments Seating and E-Systems. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems. The company earns majority of its revenue from the seating segment.
82GF Score

Get the complete analysis for LEA

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

$121.93
Price
$128.95
GF Value