LPP (LPPSY) Cyclically Adjusted PB Ratio: 9.03 (As of Jul. 18, 2026) — 13% Above Median

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.

LPPSY LPP SA LPPSY
99 GF Score
Price $20.41
GF Value $21.63
! 1 Warning Sign
View Full Analysis

What is LPP Cyclically Adjusted PB Ratio?

LPP LPPSY +0.84% 99 Cyclically Adjusted PB Ratio is 9.03 as of Jul. 18, 2026, which is 13% above its 10-year median of 7.98. GuruFocus rates LPPSY with a GF Score™ of 99/100 and a GF Value™ of $21.63. The stock has 1 warning sign investors should review. Among 880 Manufacturing - Apparel & Accessories companies, LPP ranks worse than 95.11% on this metric.

As of today (2026-07-18), LPP's current share price is $20.41. LPP's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $2.26. LPP's Cyclically Adjusted PB Ratio for today is 9.03.

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

LPPSY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.86   Med: 7.98   Max: 14.35
Current: 8.22

During the past years, LPP's highest Cyclically Adjusted PB Ratio was 14.35. The lowest was 4.86. And the median was 7.98.

LPPSY's Cyclically Adjusted PB Ratio is ranked worse than
95.11% of 880 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.005 vs LPPSY: 8.22

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.

LPP's adjusted book value per share data for the three months ended in Apr. 2026 was $4.321. 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 $2.26 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LPP  (OTCPK:LPPSY) 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

LPPSY 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.


LPPSY
99GF Score
LPP SA LPPSY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.41/2.26
=9.03

* 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'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)
=4.321/163.3900*163.3900
=4.321

Current CPI (Apr. 2026) = 163.3900.

LPP Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.418 99.552 2.327
201609 1.385 99.064 2.284
201612 1.546 100.366 2.517
201703 1.460 101.018 2.361
201706 1.494 101.180 2.413
201709 1.570 101.343 2.531
201712 1.757 102.564 2.799
201803 1.683 102.564 2.681
201806 1.801 103.378 2.846
201809 1.837 103.378 2.903
201812 2.057 103.785 3.238
201903 2.002 104.274 3.137
201906 2.069 105.983 3.190
201909 2.112 105.983 3.256
202001 2.334 108.099 3.528
202004 2.067 108.995 3.099
202007 1.982 109.158 2.967
202010 2.151 109.402 3.212
202101 2.183 110.948 3.215
202104 2.208 113.553 3.177
202107 1.982 114.449 2.830
202110 2.475 116.891 3.460
202201 2.761 121.368 3.717
202204 2.580 127.554 3.305
202207 2.416 132.357 2.982
202210 2.686 137.973 3.181
202301 2.834 142.613 3.247
202304 2.895 147.009 3.218
202307 2.611 146.683 2.908
202310 3.029 146.520 3.378
202401 3.350 148.311 3.691
202404 3.540 150.672 3.839
202407 3.044 153.114 3.248
202410 3.467 153.928 3.680
202501 3.764 156.207 3.937
202504 4.010 157.672 4.155
202507 3.475 157.998 3.594
202510 3.477 158.160 3.592
202601 3.984 161.810 4.023
202604 4.321 163.390 4.321

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 9.03 mean?
LPP (LPPSY) has a Cyclically Adjusted PB Ratio of 9.03 as of Jul. 18, 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 LPP and its competitors. This is 13% above median its historical median of 7.98. Over the past decade, LPP's Cyclically Adjusted PB Ratio has ranged from 4.86 to 14.35. According to the industry distribution chart, LPP ranks #837 out of 880 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 95.1%.
Is LPP's Cyclically Adjusted PB Ratio too high?
LPP's current Cyclically Adjusted PB Ratio of 9.03 is 13% above median its 10-year median of 7.98. Over the past 10 years, this metric has ranged from a low of 4.86 to a high of 14.35. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 1.01. LPP's value of 9.03 is 798.5% above this industry median. Based on the distribution chart, LPP ranks #837 out of 880 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, LPP has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does LPP's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, LPP ranks #837 out of 880 companies for Cyclically Adjusted PB Ratio. This places LPP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. LPP's value of 9.03 is 798.5% above this benchmark. Historically, LPP's own Cyclically Adjusted PB Ratio has ranged from 4.86 to 14.35 over the past decade. While the company's 10-year median is 7.98 vs. the industry median of 1.01, LPP has consistently been above the industry average. 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 1.01, based on 880 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. LPP's current Cyclically Adjusted PB Ratio of 9.03 is 798.5% 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 LPP and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LPP's current Cyclically Adjusted PB Ratio is 9.03, which is 13% above median its own 10-year median of 7.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LPP stock overvalued right now?
LPP (LPPSY) has a current Cyclically Adjusted PB Ratio of 9.03. The stock's GF Value™ is $21.63, compared to a current price of $20.41 — trading 5.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.03, which is 13% above median its 10-year median of 7.98 and 798.5% above the Manufacturing - Apparel & Accessories industry median of 1.01. LPP's overall GF Score™ is 99/100 with 1 warning sign to review. 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 LPP (LPPSY), the current Cyclically Adjusted PB Ratio is 9.03 as of Jul. 18, 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.

Is LPP (LPPSY) Overvalued in 2026?

Based on GuruFocus' analysis, LPP stock appears to be undervalued. The current stock price of $20.41 is trading 5.6% below its estimated GF Value™ of $21.63.

Key valuation signals for LPPSY:

  • Cyclically Adjusted PB Ratio: 9.03 (13% above median its 10-year median of 7.98)
  • GF Value™: $21.63 vs. price of $20.41 (5.6% below fair value)
  • GF Score™: 99/100 with 1 warning sign
  • Industry Position: 798.5% above the Manufacturing - Apparel & Accessories median (#837 of 880)

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


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.
99GF Score

Get the complete analysis for LPPSY

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

$20.41
Price
$21.63
GF Value