LPP (LPGDF) Cyclically Adjusted PB Ratio: (As of Jul. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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What is LPP Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


LPP  (OTCPK:LPGDF) 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.


LPP Cyclically Adjusted PB Ratio Related Terms


LPP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LPP'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.

LPP Cyclically Adjusted PB Ratio Chart

LPP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.83 11.68 5.86 8.12 7.64

LPP Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 6.95 7.42 7.87 8.31 9.01

LPGDF vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, LPP'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.


LPP Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, LPP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



LPP 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.

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

For example, LPP's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=865.429/163.3900*163.3900
=865.429

Current CPI (Apr. 2026) = 163.3900.

LPP Quarterly Data

Book Value per Share CPI Adj_Book
201606 284.165 99.552 466.385
201609 277.535 99.064 457.749
201612 309.707 100.366 504.183
201703 292.546 101.018 473.176
201706 299.351 101.180 483.404
201709 314.624 101.343 507.251
201712 351.981 102.564 560.724
201803 337.140 102.564 537.082
201806 360.763 103.378 570.189
201809 367.897 103.378 581.464
201812 411.842 103.785 648.367
201903 401.111 104.274 628.516
201906 414.443 105.983 638.932
201909 423.156 105.983 652.364
202001 467.550 108.099 706.693
202004 414.198 108.995 620.909
202007 397.056 109.158 594.325
202010 430.836 109.402 643.448
202101 437.471 110.948 644.249
202104 442.424 113.553 636.598
202107 397.101 114.449 566.913
202110 495.777 116.891 692.999
202201 553.256 121.368 744.816
202204 516.827 127.554 662.029
202207 484.061 132.357 597.558
202210 538.131 137.973 637.264
202301 567.684 142.613 650.389
202304 580.047 147.009 644.683
202307 523.053 146.683 582.628
202310 606.822 146.520 676.690
202401 671.004 148.311 739.226
202404 709.152 150.672 769.013
202407 609.610 153.114 650.525
202410 694.401 153.928 737.088
202501 753.869 156.207 788.536
202504 803.093 157.672 832.217
202507 696.108 157.998 719.866
202510 696.393 158.160 719.421
202601 797.971 161.810 805.763
202604 865.429 163.390 865.429

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.


LPP Business Description

Other Exchanges LPP:Poland
Address ul. Lakowa 39/44, Gdansk, POL, 80-769
LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.