LICT (LICT) Cyclically Adjusted PB Ratio: 2.99 (As of Sep. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is LICT Cyclically Adjusted PB Ratio?

LICT LICT +2.36% Cyclically Adjusted PB Ratio is 2.99 as of Sep. 16, 2026.

As of today (2026-09-16), LICT's current share price is $13000.00. LICT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2018 was $4,346.30. LICT's Cyclically Adjusted PB Ratio for today is 2.99.

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

LICT's Cyclically Adjusted PB Ratio is not ranked *
in the Telecommunication Services industry.
Industry Median: 1.74
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

LICT's adjusted book value per share data for the three months ended in Dec. 2018 was $7,042.666. 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 $4,346.30 for the trailing ten years ended in Dec. 2018.

Shiller PE for Stocks: The True Measure of Stock Valuation


LICT  (OTCPK:LICT) 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.


LICT Cyclically Adjusted PB Ratio Related Terms


LICT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LICT'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.

LICT Cyclically Adjusted PB Ratio Chart

LICT Annual Data
Trend Dec06 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.65 1.68 1.58 2.70 2.96

LICT Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 2.83 2.97 3.15 3.23 3.10

LICT vs RDCM: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, LICT'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.


LICT Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, LICT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



LICT 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13000.00/4346.304
=2.99

* 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.

LICT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2018 is calculated as:

For example, LICT's adjusted Book Value per Share data for the three months ended in Dec. 2018 was:

Adj_Book=Book Value per Share/CPI of Dec. 2018 (Change)*Current CPI (Dec. 2018)
=7042.666/251.2330*251.2330
=7,042.666

Current CPI (Dec. 2018) = 251.2330.

LICT Quarterly Data

Book Value per Share CPI Adj_Book
200406 1,558.149 189.700 2,063.566
200409 1,633.699 189.900 2,161.343
200412 1,672.075 190.300 2,207.464
200503 1,682.550 193.300 2,186.819
200506 1,693.014 194.500 2,186.843
200509 1,830.465 198.800 2,313.246
200512 1,770.913 196.800 2,260.731
200603 0.000 199.800 0.000
200606 1,131.100 202.900 1,400.540
200609 1,171.372 202.900 1,450.406
200612 1,353.968 201.800 1,685.636
201112 2,906.871 225.672 3,236.121
201203 2,938.376 229.392 3,218.146
201206 3,416.794 229.478 3,740.713
201209 3,082.534 231.407 3,346.633
201212 3,607.337 229.601 3,947.204
201303 3,730.496 232.773 4,026.342
201306 3,822.941 233.504 4,113.201
201309 3,920.108 234.149 4,206.127
201312 4,005.048 233.049 4,317.548
201403 4,147.824 236.293 4,410.077
201406 4,221.052 238.343 4,449.334
201409 4,323.214 238.031 4,562.994
201412 4,432.712 234.812 4,742.703
201503 4,500.420 236.119 4,788.492
201506 4,597.955 238.638 4,840.629
201509 4,674.345 237.945 4,935.383
201512 4,758.510 236.525 5,054.412
201603 4,827.770 238.132 5,093.373
201606 4,907.730 241.018 5,115.733
201609 4,989.820 241.428 5,192.469
201612 5,096.989 241.432 5,303.903
201703 5,266.672 243.801 5,427.221
201706 5,427.673 244.955 5,566.780
201709 5,492.115 246.819 5,590.334
201712 5,960.154 246.524 6,074.002
201803 6,153.473 249.554 6,194.874
201806 6,487.220 251.989 6,467.757
201809 6,815.685 252.439 6,783.124
201812 7,042.666 251.233 7,042.666

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 2.99 mean?
LICT (LICT) has a Cyclically Adjusted PB Ratio of 2.99 as of Sep. 16, 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 LICT and its competitors.
Is LICT's Cyclically Adjusted PB Ratio too high?
LICT's current Cyclically Adjusted PB Ratio is 2.99. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.74. LICT's value of 2.99 is 71.8% above this industry median.
How does LICT's Cyclically Adjusted PB Ratio compare to RDCM?
LICT's Cyclically Adjusted PB Ratio of 2.99 can be compared against companies in the Telecommunication Services industry. The industry median Cyclically Adjusted PB Ratio is 1.74. LICT's value of 2.99 is 71.8% above this benchmark. 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.74, based on 288 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. LICT's current Cyclically Adjusted PB Ratio of 2.99 is 71.8% above 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 LICT and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LICT's current Cyclically Adjusted PB Ratio is 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LICT stock overvalued right now?
LICT (LICT) has a current Cyclically Adjusted PB Ratio of 2.99. The current Cyclically Adjusted PB Ratio is 2.99 and 71.8% above the Telecommunication Services industry median of 1.74. 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 LICT (LICT), the current Cyclically Adjusted PB Ratio is 2.99 as of Sep. 16, 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.

LICT Business Description

Address 401 Theodore Fremd Avenue, Rye, NY, USA, 10580-1430
LICT Corp is a United States-based integrated provider of broadband, voice, and video services. It provides high-speed broadband services, including internet access, through fiber optic facilities, copper-based digital subscriber lines, fixed wireless, and coax cable via cable modems. The company also provides a number of other services, including video services through both traditional cable television services and Internet protocol television services, Voice over Internet Protocol, wireless voice communications, and several related telecommunications services. On the voice side, the Company has traditionally operated as both a Rural Local Exchange Carrier and a Competitive Local Exchange Carrier.