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Holding Nov Vek ADLTS:0IV6 44 Cyclically Adjusted PB Ratio is 2.54 as of Aug. 12, 2026, which is 54% below its 10-year median of 5.57. GuruFocus rates LTS:0IV6 with a GF Score™ of 44/100 and a GF Value™ of лв28.57. The stock has 6 warning signs investors should review. Among 1,012 Asset Management companies, Holding Nov Vek AD ranks worse than 87.55% on this metric.
The historical rank and industry rank for Holding Nov Vek AD's Cyclically Adjusted PB Ratio or its related term are showing as below:
LTS:0IV6'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.53 Med: 5.57 Max: 6.3
Current: 2.53
During the past years, Holding Nov Vek AD's highest Cyclically Adjusted PB Ratio was 6.30. The lowest was 2.53. And the median was 5.57.
LTS:0IV6's Cyclically Adjusted PB Ratio is ranked worse than 87.55% of 1012
companies
in the Asset Management industry
Industry Median: 0.87
vs LTS:0IV6: 2.53
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.
Holding Nov Vek AD's adjusted book value per share data for the three months ended in Mar. 2026 was лв4.544. 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 лв6.39 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Holding Nov Vek AD (LTS:0IV6) 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.
Holding Nov Vek AD Cyclically Adjusted PB Ratio Related Terms
Holding Nov Vek AD Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Holding Nov Vek AD'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.
Holding Nov Vek AD Cyclically Adjusted PB Ratio Chart
LTS:0IV6 vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Holding Nov Vek AD'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.
Holding Nov Vek AD Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Holding Nov Vek AD's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Holding Nov Vek AD's Cyclically Adjusted PB Ratio falls into.
Holding Nov Vek AD 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.
Holding Nov Vek AD's Cyclically Adjusted PB Ratio for today is calculated as
* 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 2.54 mean?
Holding Nov Vek AD (LTS:0IV6) has a Cyclically Adjusted PB Ratio of 2.54 as of Aug. 12, 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 Holding Nov Vek AD and its competitors. This is 54% below median its historical median of 5.57. Over the past decade, Holding Nov Vek AD's Cyclically Adjusted PB Ratio has ranged from 2.53 to 6.30. According to the industry distribution chart, Holding Nov Vek AD ranks #886 out of 1012 companies in the Asset Management industry, placing it in the top 87.5%.
Is Holding Nov Vek AD's Cyclically Adjusted PB Ratio too high?
Holding Nov Vek AD's current Cyclically Adjusted PB Ratio of 2.54 is 54% below median its 10-year median of 5.57. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 6.30. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.87. Holding Nov Vek AD's value of 2.54 is 192% above this industry median. Based on the distribution chart, Holding Nov Vek AD ranks #886 out of 1012 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Holding Nov Vek AD has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Holding Nov Vek AD's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Holding Nov Vek AD ranks #886 out of 1012 companies for Cyclically Adjusted PB Ratio. This places Holding Nov Vek AD in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.87. Holding Nov Vek AD's value of 2.54 is 192% above this benchmark. Historically, Holding Nov Vek AD's own Cyclically Adjusted PB Ratio has ranged from 2.53 to 6.30 over the past decade. While the company's 10-year median is 5.57 vs. the industry median of 0.87, Holding Nov Vek AD 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.87, based on 1,012 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. Holding Nov Vek AD's current Cyclically Adjusted PB Ratio of 2.54 is 192% 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 Holding Nov Vek AD and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Holding Nov Vek AD's current Cyclically Adjusted PB Ratio is 2.54, which is 54% below median its own 10-year median of 5.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holding Nov Vek AD stock overvalued right now?
Holding Nov Vek AD (LTS:0IV6) has a current Cyclically Adjusted PB Ratio of 2.54. The stock's GF Value™ is лв28.57, compared to a current price of лв16.20 — trading 43.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.54, which is 54% below median its 10-year median of 5.57 and 192% above the Asset Management industry median of 0.87. Holding Nov Vek AD's overall GF Score™ is 44/100 with 6 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 Holding Nov Vek AD (LTS:0IV6), the current Cyclically Adjusted PB Ratio is 2.54 as of Aug. 12, 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 Holding Nov Vek AD (LTS:0IV6) Overvalued in 2026?
Based on GuruFocus' analysis, Holding Nov Vek AD stock appears to be undervalued.
The current stock price of лв16.20 is trading 43.3% below its estimated GF Value™ of лв28.57.
Key valuation signals for LTS:0IV6:
Cyclically Adjusted PB Ratio: 2.54 (54% below median its 10-year median of 5.57)
GF Value™: лв28.57 vs. price of лв16.20 (43.3% below fair value)
Industry Position: 192% above the Asset Management median (#886 of 1012)
No single metric tells the full story. See the LTS:0IV6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Holding Nov Vek AD is engaged in the acquisition, appraisal and managing of shares, bonds, as well as the cession of licenses for patents. Its activities are: securities acquiring, management and sale, evaluation and sale of patent rights.
44GF Score
Get the complete analysis for LTS:0IV6
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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