Aubay (LTS:0IPY) Cyclically Adjusted PB Ratio: 3.04 (As of Jul. 20, 2026) — 18% Below Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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:0IPY Aubay LTS:0IPY
93 GF Score
Price €53.40
GF Value €54.35
Valuation Fairly Valued
! 2 Warning Signs
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What is Aubay Cyclically Adjusted PB Ratio?

Aubay LTS:0IPY -0.56% 93 Cyclically Adjusted PB Ratio is 3.04 as of Jul. 20, 2026, which is 18% below its 10-year median of 3.71. GuruFocus rates LTS:0IPY with a GF Score™ of 93/100 and a GF Value™ of €54.35 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,595 Software companies, Aubay ranks worse than 60.06% on this metric.

As of today (2026-07-20), Aubay's current share price is €53.40. Aubay's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €17.59. Aubay's Cyclically Adjusted PB Ratio for today is 3.04.

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

LTS:0IPY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.83   Med: 3.71   Max: 5.7
Current: 3.01

During the past 13 years, Aubay's highest Cyclically Adjusted PB Ratio was 5.70. The lowest was 1.83. And the median was 3.71.

LTS:0IPY's Cyclically Adjusted PB Ratio is ranked worse than
60.06% of 1595 companies
in the Software industry
Industry Median: 2.26 vs LTS:0IPY: 3.01

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.

Aubay's adjusted book value per share data of for the fiscal year that ended in Dec25 was €22.818. 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 €17.59 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aubay  (LTS:0IPY) 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.


Aubay Cyclically Adjusted PB Ratio Related Terms


Aubay Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aubay'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.

Aubay Cyclically Adjusted PB Ratio Chart

Aubay 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 5.44 3.66 2.78 2.75 3.22

Aubay Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.78 0.00 2.75 0.00 3.22

LTS:0IPY vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Aubay'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.


Aubay Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Aubay's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0IPY
93GF Score
Aubay LTS:0IPY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aubay 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.

Aubay's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.40/17.59
=3.04

* 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.

Aubay's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Aubay's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=22.818/120.9000*120.9000
=22.818

Current CPI (Dec25) = 120.9000.

Aubay Annual Data

Book Value per Share CPI Adj_Book
201612 9.670 100.650 11.616
201712 10.997 101.850 13.054
201812 12.599 103.470 14.721
201912 14.101 104.980 16.239
202012 15.365 104.960 17.698
202112 17.392 107.850 19.496
202212 18.915 114.160 20.032
202312 20.013 118.390 20.437
202412 21.259 119.950 21.427
202512 22.818 120.900 22.818

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 3.04 mean?
Aubay (LTS:0IPY) has a Cyclically Adjusted PB Ratio of 3.04 as of Jul. 20, 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 Aubay and its competitors. This is 18% below median its historical median of 3.71. Over the past decade, Aubay's Cyclically Adjusted PB Ratio has ranged from 1.83 to 5.70. According to the industry distribution chart, Aubay ranks #958 out of 1595 companies in the Software industry, placing it in the top 60.1%.
Is Aubay's Cyclically Adjusted PB Ratio too high?
Aubay's current Cyclically Adjusted PB Ratio of 3.04 is 18% below median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 5.70. The Software industry median Cyclically Adjusted PB Ratio is 2.26. Aubay's value of 3.04 is 34.5% above this industry median. Based on the distribution chart, Aubay ranks #958 out of 1595 companies in the Software industry, which is below the industry midpoint. Overall, Aubay has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aubay's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Aubay ranks #958 out of 1595 companies for Cyclically Adjusted PB Ratio. This places Aubay in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. Aubay's value of 3.04 is 34.5% above this benchmark. Historically, Aubay's own Cyclically Adjusted PB Ratio has ranged from 1.83 to 5.70 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 2.26, Aubay 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, based on 1,595 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. Aubay's current Cyclically Adjusted PB Ratio of 3.04 is 34.5% 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 Aubay and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aubay's current Cyclically Adjusted PB Ratio is 3.04, which is 18% below median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aubay stock overvalued right now?
Based on GuruFocus' analysis, Aubay (LTS:0IPY) is currently considered Fairly Valued. The stock's GF Value™ is €54.35, compared to a current price of €53.40 — trading 1.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.04, which is 18% below median its 10-year median of 3.71 and 34.5% above the Software industry median of 2.26. Aubay's overall GF Score™ is 93/100 with 2 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 Aubay (LTS:0IPY), the current Cyclically Adjusted PB Ratio is 3.04 as of Jul. 20, 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 Aubay (LTS:0IPY) Overvalued in 2026?

Based on GuruFocus' analysis, Aubay stock appears to be undervalued. The current stock price of €53.40 is trading 1.7% below its estimated GF Value™ of €54.35. GuruFocus considers Aubay to be Fairly Valued.

Key valuation signals for LTS:0IPY:

  • Cyclically Adjusted PB Ratio: 3.04 (18% below median its 10-year median of 3.71)
  • GF Value™: €54.35 vs. price of €53.40 (1.7% below fair value)
  • GF Score™: 93/100 with 2 warning signs
  • Industry Position: 34.5% above the Software median (#958 of 1595)

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


Aubay Business Description

Other Exchanges AUB:FranceBAQ:Germany
Address 13, Rue Louis Pasteur, Boulogne Billancourt, FRA, 92100
Aubay provides information technology services. The company's geographical segment includes France/UK and International. It derives a majority of revenue from France/UK. The company serves banking; insurance; telecom/media/gaming; energy; public sector and other industries.
93GF Score

Get the complete analysis for LTS:0IPY

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

€53.40
Price
€54.35
GF Value