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LKFN (Lakeland Financial) Cyclically Adjusted PB Ratio : 2.33 (As of May. 28, 2025)


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What is Lakeland Financial Cyclically Adjusted PB Ratio?

As of today (2025-05-28), Lakeland Financial's current share price is $60.46. Lakeland Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $25.97. Lakeland Financial's Cyclically Adjusted PB Ratio for today is 2.33.

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

LKFN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.89   Med: 2.97   Max: 4.27
Current: 2.26

During the past years, Lakeland Financial's highest Cyclically Adjusted PB Ratio was 4.27. The lowest was 1.89. And the median was 2.97.

LKFN's Cyclically Adjusted PB Ratio is ranked worse than
88.84% of 1281 companies
in the Banks industry
Industry Median: 1.01 vs LKFN: 2.26

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.

Lakeland Financial's adjusted book value per share data for the three months ended in Mar. 2025 was $27.171. 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 $25.97 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lakeland Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lakeland Financial'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.

* Premium members only.

Lakeland Financial Cyclically Adjusted PB Ratio Chart

Lakeland Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.91 3.24 2.71 2.70

Lakeland Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.69 2.46 2.58 2.70 2.29

Competitive Comparison of Lakeland Financial's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Lakeland Financial'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.


Lakeland Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Lakeland Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Lakeland Financial 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.

Lakeland Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.46/25.97
=2.33

* 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.

Lakeland Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Lakeland Financial's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=27.171/134.9266*134.9266
=27.171

Current CPI (Mar. 2025) = 134.9266.

Lakeland Financial Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.153 100.684 20.307
201509 15.582 100.392 20.942
201512 15.827 99.792 21.399
201603 16.344 100.470 21.949
201606 16.823 101.688 22.322
201609 17.144 101.861 22.709
201612 17.122 101.863 22.680
201703 17.472 102.862 22.918
201706 17.999 103.349 23.498
201709 18.477 104.136 23.940
201712 18.724 104.011 24.289
201803 18.836 105.290 24.138
201806 19.357 106.317 24.566
201809 19.835 106.507 25.128
201812 20.757 105.998 26.422
201903 21.349 107.251 26.858
201906 22.218 108.070 27.740
201909 22.965 108.329 28.603
201912 23.503 108.420 29.249
202003 24.033 108.902 29.776
202006 24.603 108.767 30.520
202009 25.232 109.815 31.002
202012 26.034 109.897 31.963
202103 25.763 111.754 31.105
202106 26.785 114.631 31.527
202109 27.002 115.734 31.480
202112 27.857 117.630 31.953
202203 24.028 121.301 26.727
202206 22.173 125.017 23.931
202209 20.479 125.227 22.065
202212 22.439 125.222 24.178
202303 23.669 127.348 25.078
202306 23.277 128.729 24.398
202309 21.905 129.860 22.760
202312 25.548 129.419 26.635
202403 25.366 131.776 25.972
202406 25.663 132.554 26.122
202409 27.409 133.029 27.800
202412 26.806 133.157 27.162
202503 27.171 134.927 27.171

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.


Lakeland Financial  (NAS:LKFN) 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.


Lakeland Financial Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Lakeland Financial's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Lakeland Financial Business Description

Traded in Other Exchanges
N/A
Address
202 East Center Street, P.O.Box 1387, Warsaw, IN, USA, 46581-1387
Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory, and investment management services. It offers a broad line of products and services throughout its Northern and Central Indiana markets. The company provides commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. It serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare.
Executives
Stephanie R Leniski officer: Senior Vice President P.O. BOX 1387, WARSAW IN 46581-1387
M Scott Welch director 6 LONGWOOD COURT, ELKHART IN 46516
Donald Robinson-gay officer: Senior Vice President PO BOX 1387, WARSAW IN 46581
David M Findlay officer: Executive Vice president LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Eric H Ottinger officer: Senior Vice President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Bartels Robert E Jr director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Brok A Lahrman officer: SVP, Chief Accounting Officer P.O. BOX 1387, WARSAW IN 46581
James Rickard Donovan officer: SVP, General Counsel P.O. BOX 1387, WARSAW IN 46581-1387
Kristin Pruitt officer: Senior Vice President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Kyra E Clark officer: Senior Vice President P.O. BOX 1387, WARSAW IN 46581-1387
Lisa M O'neill officer: EVP & CFO LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Steven D Ross director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Jonathan P Steiner officer: Senior Vice President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Michael L Kubacki director, officer: President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Emily E Pichon director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387