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Detection TechnologyLTS:0CXE 79 Cyclically Adjusted PB Ratio is 2.35 as of Aug. 16, 2026, which is 61% below its 10-year median of 5.99. GuruFocus rates LTS:0CXE with a GF Score™ of 79/100 and a GF Value™ of €21.20. The stock has 7 warning signs investors should review. Among 1,962 Hardware companies, Detection Technology ranks better than 56.07% on this metric.
The historical rank and industry rank for Detection Technology's Cyclically Adjusted PB Ratio or its related term are showing as below:
LTS:0CXE'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7 Med: 5.99 Max: 17.71
Current: 1.7
During the past 13 years, Detection Technology's highest Cyclically Adjusted PB Ratio was 17.71. The lowest was 1.70. And the median was 5.99.
LTS:0CXE's Cyclically Adjusted PB Ratio is ranked better than 56.07% of 1962
companies
in the Hardware industry
Industry Median: 2.115
vs LTS:0CXE: 1.70
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.
Detection Technology's adjusted book value per share data of for the fiscal year that ended in Dec25 was €5.335. 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 €4.91 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Detection Technology (LTS:0CXE) 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.
Detection Technology Cyclically Adjusted PB Ratio Related Terms
Detection Technology Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Detection Technology'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.
Detection Technology Cyclically Adjusted PB Ratio Chart
LTS:0CXE vs COHR, KEYS, GRMN: Cyclically Adjusted PB Ratio Comparison
For the Scientific & Technical Instruments subindustry, Detection Technology'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.
Detection Technology Cyclically Adjusted PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Detection Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Detection Technology's Cyclically Adjusted PB Ratio falls into.
Detection Technology 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.
* 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.
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 2.35 mean?
Detection Technology (LTS:0CXE) has a Cyclically Adjusted PB Ratio of 2.35 as of Aug. 16, 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 Detection Technology and its competitors. This is 61% below median its historical median of 5.99. Over the past decade, Detection Technology's Cyclically Adjusted PB Ratio has ranged from 1.70 to 17.71. According to the industry distribution chart, Detection Technology ranks #862 out of 1962 companies in the Hardware industry, placing it in the top 43.9%.
Is Detection Technology's Cyclically Adjusted PB Ratio too high?
Detection Technology's current Cyclically Adjusted PB Ratio of 2.35 is 61% below median its 10-year median of 5.99. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 17.71. The Hardware industry median Cyclically Adjusted PB Ratio is 2.12. Detection Technology's value of 2.35 is 11.1% above this industry median. Based on the distribution chart, Detection Technology ranks #862 out of 1962 companies in the Hardware industry, which is above the industry midpoint. Overall, Detection Technology has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Detection Technology's Cyclically Adjusted PB Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Detection Technology ranks #862 out of 1962 companies for Cyclically Adjusted PB Ratio. This puts Detection Technology in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Detection Technology's value of 2.35 is 11.1% above this benchmark. Historically, Detection Technology's own Cyclically Adjusted PB Ratio has ranged from 1.70 to 17.71 over the past decade. While the company's 10-year median is 5.99 vs. the industry median of 2.12, Detection Technology 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.12, based on 1,962 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. Detection Technology's current Cyclically Adjusted PB Ratio of 2.35 is 11.1% 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 Detection Technology and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Detection Technology's current Cyclically Adjusted PB Ratio is 2.35, which is 61% below median its own 10-year median of 5.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Detection Technology stock overvalued right now?
Detection Technology (LTS:0CXE) has a current Cyclically Adjusted PB Ratio of 2.35. The stock's GF Value™ is €21.20, compared to a current price of €11.55 — trading 45.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.35, which is 61% below median its 10-year median of 5.99 and 11.1% above the Hardware industry median of 2.12. Detection Technology's overall GF Score™ is 79/100 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 Detection Technology (LTS:0CXE), the current Cyclically Adjusted PB Ratio is 2.35 as of Aug. 16, 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 Detection Technology (LTS:0CXE) Overvalued in 2026?
Based on GuruFocus' analysis, Detection Technology stock appears to be undervalued.
The current stock price of €11.55 is trading 45.5% below its estimated GF Value™ of €21.20.
Key valuation signals for LTS:0CXE:
Cyclically Adjusted PB Ratio: 2.35 (61% below median its 10-year median of 5.99)
GF Value™: €21.20 vs. price of €11.55 (45.5% below fair value)
Industry Position: 11.1% above the Hardware median (#862 of 1962)
No single metric tells the full story. See the LTS:0CXE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Detection Technology PLC is a company engaged in providing X-ray imaging subsystems, components and services for medical, security and industrial applications. The business units of the company are the Medical business unit and Security and Industrial business unit, of which prime revenue is derived from the Security Business Unit. Its security imaging offering includes X-ray imaging subsystems for security applications from baggage, parcel and cargo scanning to personnel screening and computed tomography. The company operates in Finland, APAC, EMEA and Americas.
79GF Score
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