BBI Development (LTS:0LWO) Cyclically Adjusted PB Ratio: (As of Sep. 13, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

What is BBI Development Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


BBI Development  (LTS:0LWO) 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.


BBI Development Cyclically Adjusted PB Ratio Related Terms


BBI Development Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BBI Development'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.

BBI Development Cyclically Adjusted PB Ratio Chart

BBI Development 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 0.23 0.16 0.19 0.16 0.25

BBI Development 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 0.26 0.23 0.24 0.25 0.26

BBI Development Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, BBI Development'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.


BBI Development Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, BBI Development's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BBI Development 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.

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

For example, BBI Development'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)
=3.085/163.0700*163.0700
=3.085

Current CPI (Mar. 2026) = 163.0700.

BBI Development Quarterly Data

Book Value per Share CPI Adj_Book
201606 42.069 99.552 68.910
201609 30.052 99.064 49.469
201612 4.061 100.366 6.598
201703 4.034 101.018 6.512
201706 3.975 101.180 6.406
201709 4.039 101.343 6.499
201712 3.724 102.564 5.921
201803 3.717 102.564 5.910
201806 3.519 103.378 5.551
201809 3.545 103.378 5.592
201812 3.429 103.785 5.388
201903 3.357 104.274 5.250
201906 3.155 105.983 4.854
201909 3.122 105.983 4.804
201912 2.507 107.123 3.816
202003 2.551 109.076 3.814
202006 2.684 109.402 4.001
202009 2.691 109.320 4.014
202012 2.578 109.565 3.837
202103 2.551 112.658 3.693
202106 2.517 113.960 3.602
202109 2.470 115.588 3.485
202112 2.453 119.088 3.359
202203 2.416 125.031 3.151
202206 2.347 131.705 2.906
202209 2.375 135.531 2.858
202212 2.273 139.113 2.664
202303 2.269 145.950 2.535
202306 2.445 147.009 2.712
202309 2.851 146.113 3.182
202312 3.281 147.741 3.621
202403 3.186 149.044 3.486
202406 3.132 150.997 3.382
202409 3.108 153.439 3.303
202412 3.216 154.660 3.391
202503 3.241 157.021 3.366
202506 3.153 157.509 3.264
202509 3.138 158.000 3.239
202512 3.056 158.320 3.148
202603 3.085 163.070 3.085

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.


BBI Development Business Description

Other Exchanges BBD:Poland
Address ul. Pulawska 2 - Plac Unii, Building A, Warsaw, POL, 02-566
BBI Development SA is a Poland based company engaged in investing in the development projects, including financing and managing of real estate projects. Its projects include Zlota 44, Centrum Praskie Koneser and Roma Tower among others.