LTRE (Learning Tree International) Cyclically Adjusted PB Ratio: (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
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What is Learning Tree International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Learning Tree International  (OTCPK:LTRE) 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.


Learning Tree International Cyclically Adjusted PB Ratio Related Terms


Learning Tree International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Learning Tree International'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.

Learning Tree International Cyclically Adjusted PB Ratio Chart

Learning Tree International Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Learning Tree International Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 0.00 0.00 0.00 0.00

LTRE vs WAFU: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Learning Tree International'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.


Learning Tree International Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Learning Tree International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Learning Tree International's Cyclically Adjusted PB Ratio falls into.



Learning Tree International 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.

Learning Tree International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Learning Tree International's adjusted Book Value per Share data for the three months ended in Sep. 2018 was:

Adj_Book=Book Value per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-1.052/252.4390*252.4390
=-1.052

Current CPI (Sep. 2018) = 252.4390.

Learning Tree International Quarterly Data

Book Value per Share CPI Adj_Book
200812 4.866 210.228 5.843
200903 4.637 212.709 5.503
200906 4.723 215.693 5.528
200909 4.508 215.969 5.269
200912 4.651 215.949 5.437
201003 4.496 217.631 5.215
201006 4.689 217.965 5.431
201009 2.494 218.439 2.882
201012 2.707 219.179 3.118
201103 2.660 223.467 3.005
201106 2.729 225.722 3.052
201109 2.801 226.889 3.116
201112 2.933 225.672 3.281
201203 2.800 229.392 3.081
201206 2.196 229.478 2.416
201209 1.818 231.407 1.983
201212 1.744 229.601 1.917
201303 1.389 232.773 1.506
201306 1.294 233.504 1.399
201309 1.189 234.149 1.282
201312 1.244 233.049 1.348
201403 0.913 236.293 0.975
201406 0.730 238.343 0.773
201409 1.195 238.031 1.267
201412 1.070 234.812 1.150
201503 0.490 236.119 0.524
201506 0.185 238.638 0.196
201509 0.230 237.945 0.244
201512 0.045 236.525 0.048
201603 -0.351 238.132 -0.372
201606 -0.571 241.018 -0.598
201609 -0.740 241.428 -0.774
201612 -0.798 241.432 -0.834
201703 -0.965 243.801 -0.999
201706 -1.015 244.955 -1.046
201709 -0.894 246.819 -0.914
201712 -0.859 246.524 -0.880
201803 -1.033 249.554 -1.045
201806 -1.070 251.989 -1.072
201809 -1.052 252.439 -1.052

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.


Learning Tree International Business Description

Address 13650 Dulles Technology Drive, Suite 400, Herndon, VA, USA, 20171
Learning Tree International Inc provides education and training in information technology. Its proprietary library of course titles focuses on client-server systems, computer networks, operating systems, databases, programming, graphical user interfaces, object-oriented technology, and IT management. Its courses are offered in hotels, conference facilities, and customer sites.