Protektor (LTS:0LVO) Cyclically Adjusted PB Ratio: 0.36 (As of Sep. 07, 2026) — 42% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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LTS:0LVO Protektor SA LTS:0LVO
66 GF Score
Price zł3.70
GF Value zł4.31
! 9 Warning Signs
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What is Protektor Cyclically Adjusted PB Ratio?

Protektor LTS:0LVO 66 Cyclically Adjusted PB Ratio is 0.36 as of Sep. 07, 2026, which is 42% below its 10-year median of 0.62. GuruFocus rates LTS:0LVO with a GF Score™ of 66/100 and a GF Value™ of zł4.31. The stock has 9 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, Protektor ranks better than 80.63% on this metric.

As of today (2026-09-07), Protektor's current share price is zł3.70. Protektor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł10.40. Protektor's Cyclically Adjusted PB Ratio for today is 0.36.

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

LTS:0LVO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.62   Max: 1.88
Current: 0.38

During the past years, Protektor's highest Cyclically Adjusted PB Ratio was 1.88. The lowest was 0.23. And the median was 0.62.

LTS:0LVO's Cyclically Adjusted PB Ratio is ranked better than
80.63% of 635 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs LTS:0LVO: 0.38

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.

Protektor's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.417. 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 zł10.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Protektor  (LTS:0LVO) 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.


Protektor Cyclically Adjusted PB Ratio Related Terms


Protektor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Protektor'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.

Protektor Cyclically Adjusted PB Ratio Chart

Protektor Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 0.87 0.56 0.48 0.24

Protektor Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.24 0.41 0.50 0.54 0.36

LTS:0LVO vs NKE, DECK, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Protektor'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.


Protektor Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Protektor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0LVO
66GF Score
Protektor SA LTS:0LVO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Protektor 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.70/10.40
=0.36

* 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.

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

For example, Protektor'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)
=0.417/163.0700*163.0700
=0.417

Current CPI (Mar. 2026) = 163.0700.

Protektor Quarterly Data

Book Value per Share CPI Adj_Book
201603 2.611 98.983 4.302
201606 2.478 99.552 4.059
201609 2.446 99.064 4.026
201612 2.478 100.366 4.026
201703 2.476 101.018 3.997
201706 2.303 101.180 3.712
201709 2.366 101.343 3.807
201712 2.286 102.564 3.635
201803 2.327 102.564 3.700
201806 2.304 103.378 3.634
201809 2.162 103.378 3.410
201812 2.079 103.785 3.267
201903 2.203 104.274 3.445
201906 2.202 105.983 3.388
201909 2.251 105.983 3.463
201912 1.988 107.123 3.026
202003 2.093 109.076 3.129
202006 2.001 109.402 2.983
202009 2.026 109.320 3.022
202012 2.028 109.565 3.018
202103 2.174 112.658 3.147
202106 2.119 113.960 3.032
202109 2.134 115.588 3.011
202112 1.888 119.088 2.585
202203 1.928 125.031 2.515
202206 1.919 131.705 2.376
202209 1.973 135.531 2.374
202212 1.845 139.113 2.163
202303 1.858 145.950 2.076
202306 1.787 147.009 1.982
202309 1.822 146.113 2.033
202312 1.436 147.741 1.585
202403 1.432 149.044 1.567
202406 1.309 150.997 1.414
202409 1.179 153.439 1.253
202412 0.986 154.660 1.040
202503 0.928 157.021 0.964
202506 0.722 157.509 0.747
202509 0.659 158.000 0.680
202603 0.417 163.070 0.417

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 0.36 mean?
Protektor (LTS:0LVO) has a Cyclically Adjusted PB Ratio of 0.36 as of Sep. 07, 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 Protektor and its competitors. This is 42% below median its historical median of 0.62. Over the past decade, Protektor's Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.88. According to the industry distribution chart, Protektor ranks #123 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.4%.
Is Protektor's Cyclically Adjusted PB Ratio too high?
Protektor's current Cyclically Adjusted PB Ratio of 0.36 is 42% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.88. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. Protektor's value of 0.36 is 62.1% below this industry median. Based on the distribution chart, Protektor ranks #123 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Protektor has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Protektor's Cyclically Adjusted PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Protektor ranks #123 out of 635 companies for Cyclically Adjusted PB Ratio. This places Protektor in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.95. Protektor's value of 0.36 is 62.1% below this benchmark. Historically, Protektor's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.88 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.95, Protektor 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 a Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 635 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. Protektor's current Cyclically Adjusted PB Ratio of 0.36 is 62.1% 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 Protektor and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Protektor's current Cyclically Adjusted PB Ratio is 0.36, which is 42% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Protektor stock overvalued right now?
Protektor (LTS:0LVO) has a current Cyclically Adjusted PB Ratio of 0.36. The stock's GF Value™ is zł4.31, compared to a current price of zł3.70 — trading 14.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.36, which is 42% below median its 10-year median of 0.62 and 62.1% below the Manufacturing - Apparel & Accessories industry median of 0.95. Protektor's overall GF Score™ is 66/100 with 9 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 Protektor (LTS:0LVO), the current Cyclically Adjusted PB Ratio is 0.36 as of Sep. 07, 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 Protektor (LTS:0LVO) Overvalued in 2026?

Based on GuruFocus' analysis, Protektor stock appears to be undervalued. The current stock price of zł3.70 is trading 14.2% below its estimated GF Value™ of zł4.31.

Key valuation signals for LTS:0LVO:

  • Cyclically Adjusted PB Ratio: 0.36 (42% below median its 10-year median of 0.62)
  • GF Value™: zł4.31 vs. price of zł3.70 (14.2% below fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 62.1% below the Manufacturing - Apparel & Accessories median (#123 of 635)

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


Protektor Business Description

Other Exchanges PRT:Poland
Address ul. Vetterow 24A-24B, Lublin, POL, 20-277
Protektor SA is a Poland based company engaged in manufacturing and selling of footwear. Its products comprise of military, protective, and specialist footwear which include safety, occupational, firefighters, trekking, work, and military footwear. The products are aimed at uniformed services such as the police, fire brigade, army, health care, and high-risk occupations, reaching Europe, Asia, Africa, and South America markets.
66GF Score

Get the complete analysis for LTS:0LVO

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

zł3.70
Price
zł4.31
GF Value