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HeicoLTS:0J46 -1.31%96 Cyclically Adjusted PB Ratio is 11.40 as of Sep. 02, 2026, which is 3% below its 10-year median of 11.74. GuruFocus rates LTS:0J46 with a GF Score™ of 96/100 and a GF Value™ of $371.91 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 204 Aerospace & Defense companies, Heico ranks worse than 89.22% on this metric.
As of today (2026-09-02), Heico's current share price is $327.19. Heico's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 was $28.70. Heico's Cyclically Adjusted PB Ratio for today is 11.40.
The historical rank and industry rank for Heico's Cyclically Adjusted PB Ratio or its related term are showing as below:
LTS:0J46'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.44 Med: 11.74 Max: 16.9
Current: 11.84
During the past years, Heico's highest Cyclically Adjusted PB Ratio was 16.90. The lowest was 6.44. And the median was 11.74.
LTS:0J46's Cyclically Adjusted PB Ratio is ranked worse than 89.22% of 204
companies
in the Aerospace & Defense industry
Industry Median: 3.45
vs LTS:0J46: 11.84
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.
Heico's adjusted book value per share data for the three months ended in Jul. 2026 was $35.403. 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 $28.70 for the trailing ten years ended in Jul. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Heico (LTS:0J46) 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.
Heico Cyclically Adjusted PB Ratio Related Terms
Heico Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Heico'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.
LTS:0J46 vs RKLB, AXON, LHX: Cyclically Adjusted PB Ratio Comparison
For the Aerospace & Defense subindustry, Heico'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.
Heico Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Heico's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Heico's Cyclically Adjusted PB Ratio falls into.
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.
Heico'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 11.40 mean?
Heico (LTS:0J46) has a Cyclically Adjusted PB Ratio of 11.40 as of Sep. 02, 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 Heico and its competitors. This is near median its historical median of 11.74. Over the past decade, Heico's Cyclically Adjusted PB Ratio has ranged from 6.44 to 16.90. According to the industry distribution chart, Heico ranks #182 out of 204 companies in the Aerospace & Defense industry, placing it in the top 89.2%.
Is Heico's Cyclically Adjusted PB Ratio too high?
Heico's current Cyclically Adjusted PB Ratio of 11.40 is near median its 10-year median of 11.74. Over the past 10 years, this metric has ranged from a low of 6.44 to a high of 16.90. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.45. Heico's value of 11.40 is 230.4% above this industry median. Based on the distribution chart, Heico ranks #182 out of 204 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Heico has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heico's Cyclically Adjusted PB Ratio compare to RKLB and AXON?
According to the Aerospace & Defense industry distribution chart, Heico ranks #182 out of 204 companies for Cyclically Adjusted PB Ratio. This places Heico in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.45. Heico's value of 11.40 is 230.4% above this benchmark. Historically, Heico's own Cyclically Adjusted PB Ratio has ranged from 6.44 to 16.90 over the past decade. While the company's 10-year median is 11.74 vs. the industry median of 3.45, Heico 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 Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.45, based on 204 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. Heico's current Cyclically Adjusted PB Ratio of 11.40 is 230.4% 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 Heico and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heico's current Cyclically Adjusted PB Ratio is 11.40, which is near median its own 10-year median of 11.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heico stock overvalued right now?
Based on GuruFocus' analysis, Heico (LTS:0J46) is currently considered Modestly Undervalued. The stock's GF Value™ is $371.91, compared to a current price of $327.19 — trading 12% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.40, which is near median its 10-year median of 11.74 and 230.4% above the Aerospace & Defense industry median of 3.45. Heico's overall GF Score™ is 96/100 with 3 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 Heico (LTS:0J46), the current Cyclically Adjusted PB Ratio is 11.40 as of Sep. 02, 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 Heico (LTS:0J46) Overvalued in 2026?
Based on GuruFocus' analysis, Heico stock appears to be undervalued.
The current stock price of $327.19 is trading 12% below its estimated GF Value™ of $371.91.
GuruFocus considers Heico to be Modestly Undervalued.
Key valuation signals for LTS:0J46:
Cyclically Adjusted PB Ratio: 11.40 (near median its 10-year median of 11.74)
GF Value™: $371.91 vs. price of $327.19 (12% below fair value)
Industry Position: 230.4% above the Aerospace & Defense median (#182 of 204)
No single metric tells the full story. See the LTS:0J46 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heico is an aerospace and defense supplier that focuses on creating replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other categories. It operates two segments: the flight support group and the electronic technologies group. Both supply the aerospace and defense sectors to different degrees. Heico is persistently acquisitive, focusing on companies in similar or adjacent markets that offer strong cash flow and profitable growth potential.
96GF Score
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