Lumen Technologies (LTS:0HVP) Cyclically Adjusted PB Ratio: 0.48 (As of Aug. 09, 2026) — 12% Above Median

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LTS:0HVP Lumen Technologies Inc LTS:0HVP
54 GF Score
Price $6.79
GF Value $4.66
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Lumen Technologies Cyclically Adjusted PB Ratio?

Lumen Technologies LTS:0HVP 54 Cyclically Adjusted PB Ratio is 0.48 as of Aug. 09, 2026, which is 12% above its 10-year median of 0.43. GuruFocus rates LTS:0HVP with a GF Score™ of 54/100 and a GF Value™ of $4.66 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 290 Telecommunication Services companies, Lumen Technologies ranks better than 90% on this metric.

As of today (2026-08-09), Lumen Technologies's current share price is $6.79. Lumen Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $14.14. Lumen Technologies's Cyclically Adjusted PB Ratio for today is 0.48.

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

LTS:0HVP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.43   Max: 0.94
Current: 0.45

During the past years, Lumen Technologies's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.05. And the median was 0.43.

LTS:0HVP's Cyclically Adjusted PB Ratio is ranked better than
90% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.715 vs LTS:0HVP: 0.45

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.

Lumen Technologies's adjusted book value per share data for the three months ended in Jun. 2026 was $-1.482. 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 $14.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lumen Technologies  (LTS:0HVP) 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.


Lumen Technologies Cyclically Adjusted PB Ratio Related Terms


Lumen Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lumen Technologies'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.

Lumen Technologies Cyclically Adjusted PB Ratio Chart

Lumen Technologies 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 0.49 0.22 0.09 0.29 0.51

Lumen Technologies 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 0.26 0.38 0.51 0.48 0.56

LTS:0HVP vs IRDM, LBRDA, TDS: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Lumen Technologies'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.


Lumen Technologies Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


LTS:0HVP
54GF Score
Lumen Technologies Inc LTS:0HVP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lumen Technologies 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.

Lumen Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.79/14.14
=0.48

* 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.

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

For example, Lumen Technologies'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)
=-1.482/333.9520*333.9520
=-1.482

Current CPI (Jun. 2026) = 333.9520.

Lumen Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.411 241.428 35.149
201612 24.516 241.432 33.911
201703 24.244 243.801 33.209
201706 23.804 244.955 32.452
201709 23.578 246.819 31.902
201712 21.971 246.524 29.763
201803 21.734 249.554 29.084
201806 21.312 251.989 28.244
201809 21.103 252.439 27.917
201812 18.356 251.233 24.400
201903 12.420 254.202 16.316
201906 12.560 256.143 16.375
201909 12.541 256.759 16.311
201912 12.357 256.974 16.059
202003 12.108 258.115 15.665
202006 12.270 257.797 15.895
202009 12.476 260.280 16.007
202012 10.176 260.474 13.047
202103 10.224 264.877 12.890
202106 10.592 271.696 13.019
202109 10.846 274.310 13.204
202112 11.568 278.802 13.856
202203 11.891 287.504 13.812
202206 11.835 296.311 13.338
202209 12.155 296.808 13.676
202212 10.357 296.797 11.654
202303 10.942 301.836 12.106
202306 2.266 305.109 2.480
202309 2.199 307.789 2.386
202312 0.413 306.746 0.450
202403 0.496 312.332 0.530
202406 0.459 314.175 0.488
202409 0.337 315.301 0.357
202412 0.457 315.605 0.484
202503 0.282 319.799 0.294
202506 -0.579 322.561 -0.599
202509 -1.144 324.800 -1.176
202512 -1.089 324.054 -1.122
202603 -1.279 330.213 -1.293
202606 -1.482 333.952 -1.482

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 0.48 mean?
Lumen Technologies (LTS:0HVP) has a Cyclically Adjusted PB Ratio of 0.48 as of Aug. 09, 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 Lumen Technologies and its competitors. This is 12% above median its historical median of 0.43. Over the past decade, Lumen Technologies' Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.94. According to the industry distribution chart, Lumen Technologies ranks #29 out of 290 companies in the Telecommunication Services industry, placing it in the top 10%.
Is Lumen Technologies' Cyclically Adjusted PB Ratio too high?
Lumen Technologies' current Cyclically Adjusted PB Ratio of 0.48 is 12% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.94. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.72. Lumen Technologies' value of 0.48 is 72% below this industry median. Based on the distribution chart, Lumen Technologies ranks #29 out of 290 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Lumen Technologies has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lumen Technologies' Cyclically Adjusted PB Ratio compare to IRDM and LBRDA?
According to the Telecommunication Services industry distribution chart, Lumen Technologies ranks #29 out of 290 companies for Cyclically Adjusted PB Ratio. This places Lumen Technologies in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.72. Lumen Technologies' value of 0.48 is 72% below this benchmark. Historically, Lumen Technologies' own Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.94 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.72, Lumen Technologies 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 1.72, based on 290 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. Lumen Technologies's current Cyclically Adjusted PB Ratio of 0.48 is 72% 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 Lumen Technologies and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lumen Technologies's current Cyclically Adjusted PB Ratio is 0.48, which is 12% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lumen Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lumen Technologies (LTS:0HVP) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.66, compared to a current price of $6.79 — trading 45.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is 12% above median its 10-year median of 0.43 and 72% below the Telecommunication Services industry median of 1.72. Lumen Technologies' overall GF Score™ is 54/100 with 4 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 Lumen Technologies (LTS:0HVP), the current Cyclically Adjusted PB Ratio is 0.48 as of Aug. 09, 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 Lumen Technologies (LTS:0HVP) Overvalued in 2026?

Based on GuruFocus' analysis, Lumen Technologies stock appears to be overvalued. The current stock price of $6.79 is trading 45.7% above its estimated GF Value™ of $4.66. GuruFocus considers Lumen Technologies to be Significantly Overvalued.

Key valuation signals for LTS:0HVP:

  • Cyclically Adjusted PB Ratio: 0.48 (12% above median its 10-year median of 0.43)
  • GF Value™: $4.66 vs. price of $6.79 (45.7% above fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 72% below the Telecommunication Services median (#29 of 290)

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


Lumen Technologies Business Description

Address 100 CenturyLink Drive, Monroe, LA, USA, 71203
Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017, the 2022 divestiture of much of its local phone business in rural areas, and the 2026 sale of its remaining consumer fiber network to AT&T have shifted the company's operations away from the legacy consumer business and toward enterprise services, which account for about 85%-90% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access.
54GF Score

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

$6.79
Price
$4.66
GF Value