Agora (LTS:0MNM) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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.

LTS:0MNM Agora SA LTS:0MNM
82 GF Score
Price zł11.80
GF Value zł14.82
! 2 Warning Signs
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What is Agora Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Agora  (LTS:0MNM) 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.


Agora Cyclically Adjusted PB Ratio Related Terms


Agora Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Agora'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.

Agora Cyclically Adjusted PB Ratio Chart

Agora 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 0.28 0.17 0.40 0.36 0.36

Agora Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.37 0.35 0.36 0.32 0.00

LTS:0MNM vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Agora'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.


Agora Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Agora's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0MNM
82GF Score
Agora SA LTS:0MNM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agora 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.

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

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=14.696/162.2800*162.2800
=14.696

Current CPI (Jun. 2026) = 162.2800.

Agora Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.054 99.064 41.042
201612 25.190 100.366 40.729
201703 25.100 101.018 40.322
201706 25.836 101.180 41.438
201709 25.783 101.343 41.286
201712 21.374 102.564 33.819
201803 21.530 102.564 34.065
201806 21.037 103.378 33.023
201809 20.958 103.378 32.899
201812 20.931 103.785 32.728
201903 20.823 104.274 32.407
201906 20.171 105.983 30.886
201909 20.074 105.983 30.737
201912 19.992 107.123 30.286
202003 19.433 109.076 28.912
202006 18.725 109.402 27.776
202009 18.229 109.320 27.060
202012 17.532 109.565 25.967
202103 16.413 112.658 23.642
202106 16.183 113.960 23.045
202109 16.157 115.588 22.684
202112 16.532 119.088 22.528
202203 15.941 125.031 20.690
202206 15.598 131.705 19.219
202209 15.094 135.531 18.073
202212 14.380 139.113 16.775
202303 15.169 145.950 16.866
202306 15.318 147.009 16.909
202309 15.012 146.113 16.673
202312 15.762 147.741 17.313
202403 15.833 149.044 17.239
202406 14.282 150.997 15.349
202409 14.036 153.439 14.845
202412 14.771 154.660 15.499
202503 14.665 157.021 15.156
202506 14.342 157.509 14.776
202509 14.222 158.000 14.607
202512 15.028 158.320 15.404
202603 14.920 163.070 14.848
202606 14.696 162.280 14.696

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.

Is Agora (LTS:0MNM) Overvalued in 2026?

Based on GuruFocus' analysis, Agora stock appears to be undervalued. The current stock price of zł11.80 is trading 20.4% below its estimated GF Value™ of zł14.82.

Key valuation signals for LTS:0MNM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł14.82 vs. price of zł11.80 (20.4% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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


Agora Business Description

Other Exchanges AGO:Poland
Address Czerska 8/10, Warsaw, POL, 00-732
Agora SA is one of the leading media company in Poland. It is engaged in the business of publishing of daily newspapers, magazines and periodic print media. It also provides television advertising, radio broadcasting and online services. The company's publishing portfolio includes Gazeta Wyborcza, and Metro newspaper and several magazines. The internet offering includes Internet portals such as Gazeta.pl, Sport.pl and Blox.pl. In the area radio of broadcasting industry, the company operates more than 15 radio stations including such brands as TOK FM, Rock Radio and Golden Hits (Zlote Przeboje), Radio Pogoda, and Internet radio Tuba.fm and Tuba.pl. The firm also manages a digital terrestrial TV channel called METRO.
82GF Score

Get the complete analysis for LTS:0MNM

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

zł11.80
Price
zł14.82
GF Value