LSAK (Lesaka Technologies) Cyclically Adjusted PB Ratio: 0.50 (As of Aug. 13, 2026) — 16% 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.

LSAK Lesaka Technologies Inc LSAK
81 GF Score
Price $4.82
GF Value $4.59
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Lesaka Technologies Cyclically Adjusted PB Ratio?

Lesaka Technologies LSAK +1.47% 81 Cyclically Adjusted PB Ratio is 0.50 as of Aug. 13, 2026, which is 16% above its 10-year median of 0.43. GuruFocus rates LSAK with a GF Score™ of 81/100 and a GF Value™ of $4.59 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,551 Software companies, Lesaka Technologies ranks better than 86.91% on this metric.

As of today (2026-08-13), Lesaka Technologies's current share price is $4.82. Lesaka Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $9.58. Lesaka Technologies's Cyclically Adjusted PB Ratio for today is 0.50.

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

LSAK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.43   Max: 1.34
Current: 0.5

During the past years, Lesaka Technologies's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.24. And the median was 0.43.

LSAK's Cyclically Adjusted PB Ratio is ranked better than
86.91% of 1551 companies
in the Software industry
Industry Median: 2.31 vs LSAK: 0.50

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.

Lesaka Technologies's adjusted book value per share data for the three months ended in Mar. 2026 was $3.259. 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 $9.58 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lesaka Technologies  (NAS:LSAK) 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.


Lesaka Technologies Cyclically Adjusted PB Ratio Related Terms


Lesaka Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lesaka Technologies'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.

Lesaka Technologies Cyclically Adjusted PB Ratio Chart

Lesaka Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.44 0.33 0.42 0.44

Lesaka Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.45 0.44 0.41 0.49 0.53

LSAK vs IMXI, IIIV, CINT: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Lesaka Technologies'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.


Lesaka Technologies Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Lesaka Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSAK
81GF Score
Lesaka Technologies Inc LSAK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lesaka Technologies 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.

Lesaka Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.82/9.58
=0.50

* 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.

Lesaka Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.259/164.7700*164.7700
=3.259

Current CPI (Mar. 2026) = 164.7700.

Lesaka Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.868 106.713 16.781
201609 11.695 107.694 17.893
201612 11.666 109.002 17.635
201703 12.181 111.400 18.017
201706 12.511 112.054 18.397
201709 12.496 112.926 18.233
201712 13.633 113.907 19.721
201803 14.568 115.542 20.775
201806 13.207 116.959 18.606
201809 13.030 118.376 18.137
201812 11.762 118.921 16.297
201903 10.703 120.774 14.602
201906 7.513 122.191 10.131
201909 7.209 123.281 9.635
201912 7.570 123.717 10.082
202003 6.420 125.679 8.417
202006 6.569 124.807 8.672
202009 6.259 126.878 8.128
202012 6.540 127.467 8.454
202103 6.347 129.628 8.068
202106 6.364 131.113 7.998
202109 5.996 133.273 7.413
202112 5.641 135.029 6.883
202203 5.835 137.594 6.987
202206 5.044 140.835 5.901
202209 4.563 143.671 5.233
202212 4.611 145.156 5.234
202303 4.399 147.586 4.911
202306 4.068 148.802 4.505
202309 4.002 151.502 4.352
202312 4.037 152.718 4.356
202403 3.917 155.483 4.151
202406 3.972 156.269 4.188
202409 4.100 157.212 4.297
202412 3.521 157.212 3.690
202503 3.373 159.728 3.479
202506 3.133 160.985 3.207
202509 3.183 162.570 3.226
202512 3.306 162.880 3.344
202603 3.259 164.770 3.259

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 0.50 mean?
Lesaka Technologies (LSAK) has a Cyclically Adjusted PB Ratio of 0.50 as of Aug. 13, 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 Lesaka Technologies and its competitors. This is 16% above median its historical median of 0.43. Over the past decade, Lesaka Technologies' Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.34. According to the industry distribution chart, Lesaka Technologies ranks #203 out of 1551 companies in the Software industry, placing it in the top 13.1%.
Is Lesaka Technologies' Cyclically Adjusted PB Ratio too high?
Lesaka Technologies' current Cyclically Adjusted PB Ratio of 0.50 is 16% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.34. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Lesaka Technologies' value of 0.50 is 78.4% below this industry median. Based on the distribution chart, Lesaka Technologies ranks #203 out of 1551 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Lesaka Technologies has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lesaka Technologies' Cyclically Adjusted PB Ratio compare to IMXI and IIIV?
According to the Software industry distribution chart, Lesaka Technologies ranks #203 out of 1551 companies for Cyclically Adjusted PB Ratio. This places Lesaka Technologies in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.31. Lesaka Technologies' value of 0.50 is 78.4% below this benchmark. Historically, Lesaka Technologies' own Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.34 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 2.31, Lesaka Technologies has consistently been below 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,551 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. Lesaka Technologies's current Cyclically Adjusted PB Ratio of 0.50 is 78.4% below 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 Lesaka Technologies and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lesaka Technologies's current Cyclically Adjusted PB Ratio is 0.50, which is 16% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lesaka Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lesaka Technologies (LSAK) is currently considered Fairly Valued. The stock's GF Value™ is $4.59, compared to a current price of $4.82 — trading 5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is 16% above median its 10-year median of 0.43 and 78.4% below the Software industry median of 2.31. Lesaka Technologies' overall GF Score™ is 81/100 with 8 warning signs 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 Lesaka Technologies (LSAK), the current Cyclically Adjusted PB Ratio is 0.50 as of Aug. 13, 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 Lesaka Technologies (LSAK) Overvalued in 2026?

Based on GuruFocus' analysis, Lesaka Technologies stock appears to be overvalued. The current stock price of $4.82 is trading 5% above its estimated GF Value™ of $4.59. GuruFocus considers Lesaka Technologies to be Fairly Valued.

Key valuation signals for LSAK:

  • Cyclically Adjusted PB Ratio: 0.50 (16% above median its 10-year median of 0.43)
  • GF Value™: $4.59 vs. price of $4.82 (5% above fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 78.4% below the Software median (#203 of 1551)

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


Lesaka Technologies Business Description

Other Exchanges LSK:South Africa
Address Corner Jan Smuts Avenue and Bolton Road, President Place, 4th Floor, Rosebank, Johannesburg, GT, ZAF, 2196
Lesaka Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates three reportable segments: Merchant, Consumer and Enterprise. Merchant, which focuses on both formal and informal sector merchants. Consumer, which focuses on individuals who have historically been excluded from traditional financial services and to whom it offers transactional accounts (banking), insurance, lending (short-term loans), payments solutions and various value-added services; and Enterprise, which comprises large-scale corporate and government organizations, including but not limited to banks, mobile network operators (MNOs) and municipalities, and, through Recharger, landlords utilizing Recharger's prepaid electricity metering solution.
81GF Score

Get the complete analysis for LSAK

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

$4.82
Price
$4.59
GF Value