LTELF (LS telcom AG) Cyclically Adjusted PB Ratio: 1.01 (As of Jul. 14, 2026) — 31% 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.

LTELF LS telcom AG LTELF
71 GF Score
Price $10.97
GF Value $9.68
! 7 Warning Signs
View Full Analysis

What is LS telcom AG Cyclically Adjusted PB Ratio?

LS telcom AG LTELF 71 Cyclically Adjusted PB Ratio is 1.01 as of Jul. 14, 2026, which is 31% below its 10-year median of 1.47. GuruFocus rates LTELF with a GF Score™ of 71/100 and a GF Value™ of $9.68. The stock has 7 warning signs investors should review. Among 289 Telecommunication Services companies, LS telcom AG ranks better than 63.32% on this metric.

As of today (2026-07-14), LS telcom AG's current share price is $10.9735. LS telcom AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 was $10.85. LS telcom AG's Cyclically Adjusted PB Ratio for today is 1.01.

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

LTELF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.47   Max: 2.49
Current: 1.19

During the past 13 years, LS telcom AG's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 0.73. And the median was 1.47.

LTELF's Cyclically Adjusted PB Ratio is ranked better than
63.32% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.83 vs LTELF: 1.19

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.

LS telcom AG's adjusted book value per share data of for the fiscal year that ended in Sep25 was $3.019. 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 $10.85 for the trailing ten years ended in Sep25.

Shiller PE for Stocks: The True Measure of Stock Valuation


LS telcom AG  (OTCPK:LTELF) 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.


LS telcom AG Cyclically Adjusted PB Ratio Related Terms


LS telcom AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LS telcom AG'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.

LS telcom AG Cyclically Adjusted PB Ratio Chart

LS telcom AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.91 1.26 1.03 0.89 1.01

LS telcom AG Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 0.89 0.00 1.01 0.00

LTELF vs TMUS, VZ, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, LS telcom AG'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.


LS telcom AG Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, LS telcom AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTELF
71GF Score
LS telcom AG LTELF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LS telcom AG 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.

LS telcom AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.9735/10.85
=1.01

* 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.

LS telcom AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, LS telcom AG's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=3.019/129.2552*129.2552
=3.019

Current CPI (Sep25) = 129.2552.

LS telcom AG Annual Data

Book Value per Share CPI Adj_Book
201609 4.405 101.017 5.636
201709 3.642 102.717 4.583
201809 3.646 104.718 4.500
201909 3.441 106.018 4.195
202009 3.294 105.818 4.024
202109 3.285 109.435 3.880
202209 3.126 118.818 3.401
202309 3.297 124.195 3.431
202409 2.721 126.198 2.787
202509 3.019 129.255 3.019

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 1.01 mean?
LS telcom AG (LTELF) has a Cyclically Adjusted PB Ratio of 1.01 as of Jul. 14, 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 LS telcom AG and its competitors. This is 31% below median its historical median of 1.47. Over the past decade, LS telcom AG's Cyclically Adjusted PB Ratio has ranged from 0.73 to 2.49. According to the industry distribution chart, LS telcom AG ranks #106 out of 289 companies in the Telecommunication Services industry, placing it in the top 36.7%.
Is LS telcom AG's Cyclically Adjusted PB Ratio too high?
LS telcom AG's current Cyclically Adjusted PB Ratio of 1.01 is 31% below median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 2.49. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.83. LS telcom AG's value of 1.01 is 44.8% below this industry median. Based on the distribution chart, LS telcom AG ranks #106 out of 289 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, LS telcom AG has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does LS telcom AG's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, LS telcom AG ranks #106 out of 289 companies for Cyclically Adjusted PB Ratio. This puts LS telcom AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.83. LS telcom AG's value of 1.01 is 44.8% below this benchmark. Historically, LS telcom AG's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 2.49 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.83, LS telcom AG 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.83, based on 289 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. LS telcom AG's current Cyclically Adjusted PB Ratio of 1.01 is 44.8% 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 LS telcom AG and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LS telcom AG's current Cyclically Adjusted PB Ratio is 1.01, which is 31% below median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LS telcom AG stock overvalued right now?
LS telcom AG (LTELF) has a current Cyclically Adjusted PB Ratio of 1.01. The stock's GF Value™ is $9.68, compared to a current price of $10.97 — trading 13.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.01, which is 31% below median its 10-year median of 1.47 and 44.8% below the Telecommunication Services industry median of 1.83. LS telcom AG's overall GF Score™ is 71/100 with 7 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 LS telcom AG (LTELF), the current Cyclically Adjusted PB Ratio is 1.01 as of Jul. 14, 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 LS telcom AG (LTELF) Overvalued in 2026?

Based on GuruFocus' analysis, LS telcom AG stock appears to be overvalued. The current stock price of $10.97 is trading 13.4% above its estimated GF Value™ of $9.68.

Key valuation signals for LTELF:

  • Cyclically Adjusted PB Ratio: 1.01 (31% below median its 10-year median of 1.47)
  • GF Value™: $9.68 vs. price of $10.97 (13.4% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 44.8% below the Telecommunication Services median (#106 of 289)

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


LS telcom AG Business Description

Other Exchanges 0O45:UKLSX:Germany
Address Im Gewerbegebiet 31-33, Lichtenau, DEU, 77839
LS telcom AG is engaged in the development, implementation, distribution, and installation of hardware and software solutions in the field of wireless and wired telecommunications, in particular radio network planning, frequency management, and other system solutions, as well as consulting and training, particularly for radio network operators, media companies, and regulatory authorities. The group's reportable segments are: Hardware-Related Systems, Services, and Software Systems. The majority of its revenue is generated from the Software Systems segment, which includes integrating products from different areas into a comprehensive system solution, maintenance, and software-based radio network planning products.
71GF Score

Get the complete analysis for LTELF

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

$10.97
Price
$9.68
GF Value