LPP (LPGDF) Cyclically Adjusted PB Ratio: (As of Sep. 03, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

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)
=877.786/163.3900*163.3900
=877.786

Current CPI (Apr. 2026) = 163.3900.

LPP Quarterly Data

Book Value per Share CPI Adj_Book
201606 288.223 99.552 473.045
201609 281.498 99.064 464.286
201612 314.130 100.366 511.384
201703 296.723 101.018 479.932
201706 303.625 101.180 490.306
201709 319.117 101.343 514.495
201712 357.008 102.564 568.733
201803 341.954 102.564 544.751
201806 365.915 103.378 578.332
201809 373.150 103.378 589.767
201812 417.722 103.785 657.624
201903 406.838 104.274 637.489
201906 420.360 105.983 648.054
201909 429.199 105.983 661.681
202001 474.226 108.099 716.783
202004 420.113 108.995 629.776
202007 402.726 109.158 602.812
202010 436.989 109.402 652.637
202101 443.718 110.948 653.449
202104 448.741 113.553 645.687
202107 402.771 114.449 575.008
202110 502.856 116.891 702.894
202201 561.157 121.368 755.453
202204 524.207 127.554 671.482
202207 490.974 132.357 606.092
202210 545.814 137.973 646.362
202301 575.791 142.613 659.677
202304 588.330 147.009 653.889
202307 530.522 146.683 590.948
202310 615.487 146.520 686.352
202401 680.586 148.311 749.783
202404 719.278 150.672 779.993
202407 618.315 153.114 659.814
202410 704.317 153.928 747.614
202501 764.633 156.207 799.795
202504 814.560 157.672 844.100
202507 706.048 157.998 730.145
202510 706.337 158.160 729.694
202601 809.365 161.810 817.268
202604 877.786 163.390 877.786

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.