Ilkka Oyj (LTS:0IGX) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

LTS:0IGX Ilkka Oyj LTS:0IGX
60 GF Score
Price €3.75
GF Value €3.59
Valuation Fairly Valued
! 4 Warning Signs
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What is Ilkka Oyj Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ilkka Oyj  (LTS:0IGX) 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.


Ilkka Oyj Cyclically Adjusted PB Ratio Related Terms


Ilkka Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ilkka Oyj'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.

Ilkka Oyj Cyclically Adjusted PB Ratio Chart

Ilkka Oyj 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 1.15 0.76 0.61 0.56 0.62

Ilkka Oyj 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 0.60 0.67 0.67 0.70 0.68

LTS:0IGX vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Ilkka Oyj'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.


Ilkka Oyj Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ilkka Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0IGX
60GF Score
Ilkka Oyj LTS:0IGX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ilkka Oyj 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.

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

For example, Ilkka Oyj'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)
=7.236/125.0700*125.0700
=7.236

Current CPI (Jun. 2026) = 125.0700.

Ilkka Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.625 100.540 3.265
201612 2.715 101.020 3.361
201703 2.810 100.910 3.483
201706 2.853 101.140 3.528
201709 2.953 101.320 3.645
201712 3.002 101.510 3.699
201803 3.150 101.730 3.873
201806 3.142 102.320 3.841
201809 3.276 102.600 3.993
201812 4.765 102.710 5.802
201903 5.075 102.870 6.170
201906 4.608 103.360 5.576
201909 5.023 103.540 6.067
201912 5.371 103.650 6.481
202003 4.646 103.490 5.615
202006 4.828 103.320 5.844
202009 5.097 103.710 6.147
202012 6.252 103.890 7.527
202103 6.387 104.870 7.617
202106 6.552 105.360 7.778
202109 6.452 106.290 7.592
202112 6.873 107.490 7.997
202203 6.573 110.950 7.410
202206 6.260 113.570 6.894
202209 5.574 114.920 6.066
202212 6.091 117.320 6.493
202303 6.044 119.750 6.313
202306 6.006 120.690 6.224
202309 5.927 121.280 6.112
202312 6.160 121.540 6.339
202403 6.276 122.360 6.415
202406 6.389 122.230 6.537
202409 6.768 122.260 6.924
202412 6.692 122.390 6.839
202503 7.066 123.010 7.184
202506 7.739 122.530 7.899
202509 8.147 122.880 8.292
202512 8.123 122.670 8.282
202603 7.523 124.670 7.547
202606 7.236 125.070 7.236

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.

Is Ilkka Oyj (LTS:0IGX) Overvalued in 2026?

Based on GuruFocus' analysis, Ilkka Oyj stock appears to be overvalued. The current stock price of €3.75 is trading 4.5% above its estimated GF Value™ of €3.59. GuruFocus considers Ilkka Oyj to be Fairly Valued.

Key valuation signals for LTS:0IGX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.59 vs. price of €3.75 (4.5% above fair value)
  • GF Score™: 60/100 with 4 warning signs

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


Ilkka Oyj Business Description

Other Exchanges ILKKA:Finland
Address Koulukatu 10, P.O. Box 60, Seinajoki, FIN, 60101
Ilkka Oyj consists of two business areas: marketing and technology services and media services. Marketing and technology services consist of companies that specialize in digital sales, marketing and communication services and the technologies that support these. Media services consist of provincial, local and city media that offer content and services to consumer and business customers. Ilkka's main market area is Finland, but in terms of technology services, it also operates internationally through Liana Technologies and Ungapped in Sweden, and elsewhere in Europe, the Middle East and Asia.
60GF Score

Get the complete analysis for LTS:0IGX

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

€3.75
Price
€3.59
GF Value