Kogeneracja (LTS:0LV4) Cyclically Adjusted PB Ratio: 0.43 (As of Sep. 04, 2026) — 19% Above Median

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LTS:0LV4 Kogeneracja SA LTS:0LV4
83 GF Score
Price zł83.10
GF Value zł69.87
! 3 Warning Signs
View Full Analysis

What is Kogeneracja Cyclically Adjusted PB Ratio?

Kogeneracja LTS:0LV4 83 Cyclically Adjusted PB Ratio is 0.43 as of Sep. 04, 2026, which is 19% above its 10-year median of 0.36. GuruFocus rates LTS:0LV4 with a GF Score™ of 83/100 and a GF Value™ of zł69.87. The stock has 3 warning signs investors should review. Among 424 Utilities - Regulated companies, Kogeneracja ranks better than 87.5% on this metric.

As of today (2026-09-04), Kogeneracja's current share price is zł83.10055. Kogeneracja's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł195.38. Kogeneracja's Cyclically Adjusted PB Ratio for today is 0.43.

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

LTS:0LV4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.36   Max: 1.02
Current: 0.43

During the past years, Kogeneracja's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.16. And the median was 0.36.

LTS:0LV4's Cyclically Adjusted PB Ratio is ranked better than
87.5% of 424 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs LTS:0LV4: 0.43

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.

Kogeneracja's adjusted book value per share data for the three months ended in Mar. 2026 was zł188.648. 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 zł195.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kogeneracja  (LTS:0LV4) 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.


Kogeneracja Cyclically Adjusted PB Ratio Related Terms


Kogeneracja Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kogeneracja'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.

Kogeneracja Cyclically Adjusted PB Ratio Chart

Kogeneracja 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 0.25 0.18 0.46 0.33 0.41

Kogeneracja Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.32 0.37 0.37 0.41 0.43

LTS:0LV4 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Kogeneracja'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.


Kogeneracja Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Kogeneracja's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0LV4
83GF Score
Kogeneracja SA LTS:0LV4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kogeneracja 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=83.10055/195.38
=0.43

* 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.

Kogeneracja's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kogeneracja's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=188.648/163.0700*163.0700
=188.648

Current CPI (Mar. 2026) = 163.0700.

Kogeneracja Quarterly Data

Book Value per Share CPI Adj_Book
201606 92.957 99.552 152.267
201609 90.967 99.064 149.742
201612 97.944 100.366 159.134
201703 102.823 101.018 165.985
201706 97.110 101.180 156.510
201709 96.499 101.343 155.275
201712 101.192 102.564 160.888
201803 108.079 102.564 171.838
201806 99.292 103.378 156.625
201809 97.645 103.378 154.027
201812 98.956 103.785 155.482
201903 103.018 104.274 161.107
201906 102.400 105.983 157.557
201909 101.363 105.983 155.962
201912 104.488 107.123 159.060
202003 113.357 109.076 169.470
202006 113.448 109.402 169.101
202009 111.852 109.320 166.846
202012 112.721 109.565 167.768
202103 117.615 112.658 170.246
202106 118.328 113.960 169.320
202109 117.567 115.588 165.862
202112 116.754 119.088 159.874
202203 121.820 125.031 158.883
202206 121.678 131.705 150.655
202209 121.753 135.531 146.492
202212 126.358 139.113 148.119
202303 140.693 145.950 157.196
202306 141.627 147.009 157.101
202309 141.189 146.113 157.574
202312 142.298 147.741 157.062
202403 152.622 149.044 166.985
202406 154.686 150.997 167.054
202409 154.076 153.439 163.747
202412 155.799 154.660 164.271
202503 165.467 157.021 171.842
202506 166.951 157.509 172.845
202509 165.945 158.000 171.270
202512 174.349 158.320 179.580
202603 188.648 163.070 188.648

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 0.43 mean?
Kogeneracja (LTS:0LV4) has a Cyclically Adjusted PB Ratio of 0.43 as of Sep. 04, 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 Kogeneracja and its competitors. This is 19% above median its historical median of 0.36. Over the past decade, Kogeneracja's Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.02. According to the industry distribution chart, Kogeneracja ranks #53 out of 424 companies in the Utilities - Regulated industry, placing it in the top 12.5%.
Is Kogeneracja's Cyclically Adjusted PB Ratio too high?
Kogeneracja's current Cyclically Adjusted PB Ratio of 0.43 is 19% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.02. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Kogeneracja's value of 0.43 is 71.7% below this industry median. Based on the distribution chart, Kogeneracja ranks #53 out of 424 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Kogeneracja has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Kogeneracja's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Kogeneracja ranks #53 out of 424 companies for Cyclically Adjusted PB Ratio. This places Kogeneracja in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.52. Kogeneracja's value of 0.43 is 71.7% below this benchmark. Historically, Kogeneracja's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.02 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 1.52, Kogeneracja 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 424 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. Kogeneracja's current Cyclically Adjusted PB Ratio of 0.43 is 71.7% 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 Kogeneracja and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kogeneracja's current Cyclically Adjusted PB Ratio is 0.43, which is 19% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kogeneracja stock overvalued right now?
Kogeneracja (LTS:0LV4) has a current Cyclically Adjusted PB Ratio of 0.43. The stock's GF Value™ is zł69.87, compared to a current price of zł83.10 — trading 18.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.43, which is 19% above median its 10-year median of 0.36 and 71.7% below the Utilities - Regulated industry median of 1.52. Kogeneracja's overall GF Score™ is 83/100 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 Kogeneracja (LTS:0LV4), the current Cyclically Adjusted PB Ratio is 0.43 as of Sep. 04, 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 Kogeneracja (LTS:0LV4) Overvalued in 2026?

Based on GuruFocus' analysis, Kogeneracja stock appears to be overvalued. The current stock price of zł83.10 is trading 18.9% above its estimated GF Value™ of zł69.87.

Key valuation signals for LTS:0LV4:

  • Cyclically Adjusted PB Ratio: 0.43 (19% above median its 10-year median of 0.36)
  • GF Value™: zł69.87 vs. price of zł83.10 (18.9% above fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 71.7% below the Utilities - Regulated median (#53 of 424)

No single metric tells the full story. See the LTS:0LV4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kogeneracja Business Description

Other Exchanges KGN:Poland2ZO:Germany
Address ul. Lowiecka 24, Wroclaw, POL, 50-220
Kogeneracja SA through its subsidiaries is engaged in the production of electricity and heating. The products and services of the company include District heating, New-generation network heat, Electricity, and Energy Services. Its production plants include Elektrocieplownia Wroclaw, Elektrocieplownia Czechnica and Elektrocieplownia Zawidawie.
83GF Score

Get the complete analysis for LTS:0LV4

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

zł83.10
Price
zł69.87
GF Value