Luxor AS (LTS:0F5M) Cyclically Adjusted PB Ratio: 1.56 (As of Aug. 13, 2026) — 43% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

LTS:0F5M Luxor AS LTS:0F5M
50 GF Score
Price kr680.00
GF Value kr521.43
! 7 Warning Signs
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What is Luxor AS Cyclically Adjusted PB Ratio?

Luxor AS LTS:0F5M 50 Cyclically Adjusted PB Ratio is 1.56 as of Aug. 13, 2026, which is 43% above its 10-year median of 1.09. GuruFocus rates LTS:0F5M with a GF Score™ of 50/100 and a GF Value™ of kr521.43. The stock has 7 warning signs investors should review. Among 1,288 Banks companies, Luxor AS ranks worse than 59.08% on this metric.

As of today (2026-08-13), Luxor AS's current share price is kr680.00. Luxor AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr434.80. Luxor AS's Cyclically Adjusted PB Ratio for today is 1.56.

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

LTS:0F5M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.09   Max: 1.87
Current: 1.45

During the past years, Luxor AS's highest Cyclically Adjusted PB Ratio was 1.87. The lowest was 0.77. And the median was 1.09.

LTS:0F5M's Cyclically Adjusted PB Ratio is ranked worse than
59.08% of 1288 companies
in the Banks industry
Industry Median: 1.28 vs LTS:0F5M: 1.45

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.

Luxor AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr412.733. 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 kr434.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Luxor AS  (LTS:0F5M) 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.


Luxor AS Cyclically Adjusted PB Ratio Related Terms


Luxor AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Luxor AS'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.

Luxor AS Cyclically Adjusted PB Ratio Chart

Luxor AS 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 1.20 1.72 1.17 1.19 1.47

Luxor AS 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 1.03 1.24 1.47 1.56 1.21

LTS:0F5M vs RKT, FNMA, PFSI: Cyclically Adjusted PB Ratio Comparison

For the Mortgage Finance subindustry, Luxor AS'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.


Luxor AS Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Luxor AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0F5M
50GF Score
Luxor AS LTS:0F5M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Luxor AS 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.

Luxor AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=680.00/434.80
=1.56

* 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.

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

For example, Luxor AS'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)
=412.733/121.6800*121.6800
=412.733

Current CPI (Mar. 2026) = 121.6800.

Luxor AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 423.436 100.600 512.164
201609 431.941 100.200 524.537
201612 444.101 100.300 538.766
201703 423.708 101.200 509.454
201706 422.842 101.200 508.413
201709 426.970 101.800 510.351
201712 429.743 101.300 516.201
201803 409.162 101.700 489.546
201806 415.224 102.300 493.885
201809 428.566 102.400 509.257
201812 433.481 102.100 516.611
201903 408.633 102.900 483.212
201906 415.584 102.900 491.431
201909 419.187 102.900 495.692
201912 436.080 102.900 515.668
202003 344.540 103.300 405.843
202006 424.760 103.200 500.822
202009 434.977 103.500 511.382
202012 448.073 103.400 527.287
202103 442.536 104.300 516.278
202106 458.962 105.000 531.871
202109 476.702 105.800 548.252
202112 498.041 106.600 568.496
202203 476.908 109.900 528.027
202206 549.552 113.600 588.640
202209 552.716 116.400 577.788
202212 560.362 115.900 588.308
202303 511.219 117.300 530.308
202306 526.695 116.400 550.586
202309 529.259 117.400 548.554
202312 528.096 116.700 550.632
202403 480.760 118.400 494.078
202406 541.714 118.500 556.251
202409 542.823 118.900 555.515
202412 556.022 118.900 569.022
202503 416.910 120.200 422.043
202506 426.535 120.700 429.998
202509 448.359 121.600 448.654
202512 460.977 121.200 462.803
202603 412.733 121.680 412.733

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 1.56 mean?
Luxor AS (LTS:0F5M) has a Cyclically Adjusted PB Ratio of 1.56 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 Luxor AS and its competitors. This is 43% above median its historical median of 1.09. Over the past decade, Luxor AS's Cyclically Adjusted PB Ratio has ranged from 0.77 to 1.87. According to the industry distribution chart, Luxor AS ranks #761 out of 1288 companies in the Banks industry, placing it in the top 59.1%.
Is Luxor AS's Cyclically Adjusted PB Ratio too high?
Luxor AS's current Cyclically Adjusted PB Ratio of 1.56 is 43% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.87. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Luxor AS's value of 1.56 is 21.9% above this industry median. Based on the distribution chart, Luxor AS ranks #761 out of 1288 companies in the Banks industry, which is below the industry midpoint. Overall, Luxor AS has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Luxor AS's Cyclically Adjusted PB Ratio compare to RKT and FNMA?
According to the Banks industry distribution chart, Luxor AS ranks #761 out of 1288 companies for Cyclically Adjusted PB Ratio. This places Luxor AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Luxor AS's value of 1.56 is 21.9% above this benchmark. Historically, Luxor AS's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 1.87 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.28, Luxor AS 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,288 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. Luxor AS's current Cyclically Adjusted PB Ratio of 1.56 is 21.9% 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 Luxor AS and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luxor AS's current Cyclically Adjusted PB Ratio is 1.56, which is 43% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luxor AS stock overvalued right now?
Luxor AS (LTS:0F5M) has a current Cyclically Adjusted PB Ratio of 1.56. The stock's GF Value™ is kr521.43, compared to a current price of kr680.00 — trading 30.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.56, which is 43% above median its 10-year median of 1.09 and 21.9% above the Banks industry median of 1.28. Luxor AS's overall GF Score™ is 50/100 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 Luxor AS (LTS:0F5M), the current Cyclically Adjusted PB Ratio is 1.56 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 Luxor AS (LTS:0F5M) Overvalued in 2026?

Based on GuruFocus' analysis, Luxor AS stock appears to be overvalued. The current stock price of kr680.00 is trading 30.4% above its estimated GF Value™ of kr521.43.

Key valuation signals for LTS:0F5M:

  • Cyclically Adjusted PB Ratio: 1.56 (43% above median its 10-year median of 1.09)
  • GF Value™: kr521.43 vs. price of kr680.00 (30.4% above fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 21.9% above the Banks median (#761 of 1288)

No single metric tells the full story. See the LTS:0F5M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Luxor AS Business Description

Other Exchanges LUXOR B:Denmark
Address Frederiksborggade, 4th floor, Copenhagen, DNK, 1360
Luxor AS is an investment company. Its objective is to create the possible long-term return for shareholders through investment for equity and foreign capital within the defined risk framework. The company operates through four segments namely Mortgage deeds, Bonds, Shares and Investment properties. Its mortgage deed portfolio comprises of single family-houses, flats, cooperative housing, holiday houses, farms, and residential and business properties. The bond portfolio includes various corporate bonds. Its investment property portfolio consists of offices, shops, warehouses and production facilities.
50GF Score

Get the complete analysis for LTS:0F5M

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

kr680.00
Price
kr521.43
GF Value