LSTR (Landstar System) Cyclically Adjusted PB Ratio: 7.06 (As of Aug. 04, 2026) — 27% Below 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.

LSTR Landstar System Inc LSTR
84 GF Score
Price $176.84
GF Value $177.23
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Landstar System Cyclically Adjusted PB Ratio?

Landstar System LSTR +1.16% 84 Cyclically Adjusted PB Ratio is 7.06 as of Aug. 04, 2026, which is 27% below its 10-year median of 9.64. GuruFocus rates LSTR with a GF Score™ of 84/100 and a GF Value™ of $177.23 (Fairly Valued). The stock has 3 warning signs investors should review. Among 737 Transportation companies, Landstar System ranks worse than 94.71% on this metric.

As of today (2026-08-04), Landstar System's current share price is $176.84. Landstar System's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $25.06. Landstar System's Cyclically Adjusted PB Ratio for today is 7.06.

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

LSTR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.16   Med: 9.64   Max: 12.97
Current: 7.06

During the past years, Landstar System's highest Cyclically Adjusted PB Ratio was 12.97. The lowest was 5.16. And the median was 9.64.

LSTR's Cyclically Adjusted PB Ratio is ranked worse than
94.71% of 737 companies
in the Transportation industry
Industry Median: 1.27 vs LSTR: 7.06

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.

Landstar System's adjusted book value per share data for the three months ended in Jun. 2026 was $24.655. 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 $25.06 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Landstar System  (NAS:LSTR) 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.


Landstar System Cyclically Adjusted PB Ratio Related Terms


Landstar System Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Landstar System'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.

Landstar System Cyclically Adjusted PB Ratio Chart

Landstar System Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.45 9.02 9.57 7.72 6.01

Landstar System Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.96 5.16 6.01 6.52 8.25

LSTR vs GXO, HUBG, PBI: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Landstar System'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.


Landstar System Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Landstar System's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSTR
84GF Score
Landstar System Inc LSTR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Landstar System 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.

Landstar System's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=176.84/25.06
=7.06

* 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.

Landstar System's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=24.655/333.9520*333.9520
=24.655

Current CPI (Jun. 2026) = 333.9520.

Landstar System Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.130 241.428 16.779
201612 12.968 241.432 17.938
201703 13.686 243.801 18.747
201706 14.530 244.955 19.809
201709 15.497 246.819 20.968
201712 15.496 246.524 20.992
201803 16.705 249.554 22.355
201806 16.005 251.989 21.211
201809 17.606 252.439 23.291
201812 17.121 251.233 22.758
201903 18.133 254.202 23.822
201906 18.377 256.143 23.959
201909 19.157 256.759 24.916
201912 18.278 256.974 23.753
202003 16.343 258.115 21.145
202006 16.913 257.797 21.909
202009 18.384 260.280 23.588
202012 18.023 260.474 23.107
202103 19.863 264.877 25.043
202106 21.689 271.696 26.659
202109 23.608 274.310 28.741
202112 22.869 278.802 27.393
202203 23.060 287.504 26.785
202206 23.521 296.311 26.509
202209 24.305 296.808 27.347
202212 24.695 296.797 27.786
202303 26.039 301.836 28.810
202306 27.640 305.109 30.253
202309 29.020 307.789 31.487
202312 27.548 306.746 29.991
202403 28.463 312.332 30.433
202406 28.230 314.175 30.007
202409 28.754 315.301 30.455
202412 27.535 315.605 29.136
202503 26.634 319.799 27.813
202506 26.601 322.561 27.540
202509 25.876 324.800 26.605
202512 23.361 324.054 24.075
202603 23.549 330.213 23.816
202606 24.655 333.952 24.655

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 7.06 mean?
Landstar System (LSTR) has a Cyclically Adjusted PB Ratio of 7.06 as of Aug. 04, 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 Landstar System and its competitors. This is 27% below median its historical median of 9.64. Over the past decade, Landstar System's Cyclically Adjusted PB Ratio has ranged from 5.16 to 12.97. According to the industry distribution chart, Landstar System ranks #698 out of 737 companies in the Transportation industry, placing it in the top 94.7%.
Is Landstar System's Cyclically Adjusted PB Ratio too high?
Landstar System's current Cyclically Adjusted PB Ratio of 7.06 is 27% below median its 10-year median of 9.64. Over the past 10 years, this metric has ranged from a low of 5.16 to a high of 12.97. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Landstar System's value of 7.06 is 455.9% above this industry median. Based on the distribution chart, Landstar System ranks #698 out of 737 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Landstar System has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Landstar System's Cyclically Adjusted PB Ratio compare to GXO and HUBG?
According to the Transportation industry distribution chart, Landstar System ranks #698 out of 737 companies for Cyclically Adjusted PB Ratio. This places Landstar System in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Landstar System's value of 7.06 is 455.9% above this benchmark. Historically, Landstar System's own Cyclically Adjusted PB Ratio has ranged from 5.16 to 12.97 over the past decade. While the company's 10-year median is 9.64 vs. the industry median of 1.27, Landstar System 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 737 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. Landstar System's current Cyclically Adjusted PB Ratio of 7.06 is 455.9% 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 Landstar System and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Landstar System's current Cyclically Adjusted PB Ratio is 7.06, which is 27% below median its own 10-year median of 9.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Landstar System stock overvalued right now?
Based on GuruFocus' analysis, Landstar System (LSTR) is currently considered Fairly Valued. The stock's GF Value™ is $177.23, compared to a current price of $176.84 — trading 0.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.06, which is 27% below median its 10-year median of 9.64 and 455.9% above the Transportation industry median of 1.27. Landstar System's overall GF Score™ is 84/100 with 3 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 Landstar System (LSTR), the current Cyclically Adjusted PB Ratio is 7.06 as of Aug. 04, 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 Landstar System (LSTR) Overvalued in 2026?

Based on GuruFocus' analysis, Landstar System stock appears to be undervalued. The current stock price of $176.84 is trading 0.2% below its estimated GF Value™ of $177.23. GuruFocus considers Landstar System to be Fairly Valued.

Key valuation signals for LSTR:

  • Cyclically Adjusted PB Ratio: 7.06 (27% below median its 10-year median of 9.64)
  • GF Value™: $177.23 vs. price of $176.84 (0.2% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 455.9% above the Transportation median (#698 of 737)

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


Landstar System Business Description

Other Exchanges LDS:Germany
Address 13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224
Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage. Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.
84GF Score

Get the complete analysis for LSTR

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

$176.84
Price
$177.23
GF Value