Pieno zvaigzdes AB (LTS:0NHM) Cyclically Adjusted PB Ratio: 1.90 (As of Jul. 28, 2026) — 14% Above Median

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:0NHM Pieno zvaigzdes AB LTS:0NHM
63 GF Score
Price €3.56
GF Value €3.25
! 5 Warning Signs
View Full Analysis

What is Pieno zvaigzdes AB Cyclically Adjusted PB Ratio?

Pieno zvaigzdes AB LTS:0NHM 63 Cyclically Adjusted PB Ratio is 1.90 as of Jul. 28, 2026, which is 14% above its 10-year median of 1.67. GuruFocus rates LTS:0NHM with a GF Score™ of 63/100 and a GF Value™ of €3.25. The stock has 5 warning signs investors should review. Among 1,439 Consumer Packaged Goods companies, Pieno zvaigzdes AB ranks worse than 70.05% on this metric.

As of today (2026-07-28), Pieno zvaigzdes AB's current share price is €3.56. Pieno zvaigzdes AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.87. Pieno zvaigzdes AB's Cyclically Adjusted PB Ratio for today is 1.90.

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

LTS:0NHM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.67   Max: 2.32
Current: 2.19

During the past years, Pieno zvaigzdes AB's highest Cyclically Adjusted PB Ratio was 2.32. The lowest was 0.95. And the median was 1.67.

LTS:0NHM's Cyclically Adjusted PB Ratio is ranked worse than
70.05% of 1439 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs LTS:0NHM: 2.19

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.

Pieno zvaigzdes AB's adjusted book value per share data for the three months ended in Mar. 2026 was €0.912. 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 €1.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pieno zvaigzdes AB  (LTS:0NHM) 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.


Pieno zvaigzdes AB Cyclically Adjusted PB Ratio Related Terms


Pieno zvaigzdes AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pieno zvaigzdes AB'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.

Pieno zvaigzdes AB Cyclically Adjusted PB Ratio Chart

Pieno zvaigzdes AB 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 1.89 1.42 1.72 2.06 2.01

Pieno zvaigzdes AB 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 2.08 2.04 2.07 2.01 1.91

LTS:0NHM vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Pieno zvaigzdes AB'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.


Pieno zvaigzdes AB Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pieno zvaigzdes AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0NHM
63GF Score
Pieno zvaigzdes AB LTS:0NHM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pieno zvaigzdes AB 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.

Pieno zvaigzdes AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.56/1.87
=1.90

* 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.

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

For example, Pieno zvaigzdes AB'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)
=0.912/330.2130*330.2130
=0.912

Current CPI (Mar. 2026) = 330.2130.

Pieno zvaigzdes AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.629 241.018 0.862
201609 0.671 241.428 0.918
201612 0.656 241.432 0.897
201703 0.630 243.801 0.853
201706 0.552 244.955 0.744
201709 0.595 246.819 0.796
201712 0.530 246.524 0.710
201803 0.516 249.554 0.683
201806 0.561 251.989 0.735
201809 0.603 252.439 0.789
201812 0.579 251.233 0.761
201903 0.571 254.202 0.742
201906 0.572 256.143 0.737
201909 0.636 256.759 0.818
201912 0.640 256.974 0.822
202003 0.650 258.115 0.832
202006 0.646 257.797 0.827
202009 0.712 260.280 0.903
202012 0.741 260.474 0.939
202103 0.752 264.877 0.937
202106 0.630 271.696 0.766
202109 0.656 274.310 0.790
202112 0.628 278.802 0.744
202203 0.573 287.504 0.658
202206 0.610 296.311 0.680
202209 0.570 296.808 0.634
202212 0.510 296.797 0.567
202303 0.572 301.836 0.626
202306 0.676 305.109 0.732
202309 0.789 307.789 0.846
202312 0.804 306.746 0.866
202403 0.854 312.332 0.903
202406 0.802 314.175 0.843
202409 0.918 315.301 0.961
202412 0.887 315.605 0.928
202503 0.892 319.799 0.921
202506 0.800 322.561 0.819
202509 0.874 324.800 0.889
202512 0.847 324.054 0.863
202603 0.912 330.213 0.912

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 1.90 mean?
Pieno zvaigzdes AB (LTS:0NHM) has a Cyclically Adjusted PB Ratio of 1.90 as of Jul. 28, 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 Pieno zvaigzdes AB and its competitors. This is 14% above median its historical median of 1.67. Over the past decade, Pieno zvaigzdes AB's Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.32. According to the industry distribution chart, Pieno zvaigzdes AB ranks #1008 out of 1439 companies in the Consumer Packaged Goods industry, placing it in the top 70%.
Is Pieno zvaigzdes AB's Cyclically Adjusted PB Ratio too high?
Pieno zvaigzdes AB's current Cyclically Adjusted PB Ratio of 1.90 is 14% above median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 2.32. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Pieno zvaigzdes AB's value of 1.90 is 52% above this industry median. Based on the distribution chart, Pieno zvaigzdes AB ranks #1008 out of 1439 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Pieno zvaigzdes AB has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Pieno zvaigzdes AB's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Pieno zvaigzdes AB ranks #1008 out of 1439 companies for Cyclically Adjusted PB Ratio. This places Pieno zvaigzdes AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Pieno zvaigzdes AB's value of 1.90 is 52% above this benchmark. Historically, Pieno zvaigzdes AB's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.32 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 1.25, Pieno zvaigzdes AB 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 a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,439 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. Pieno zvaigzdes AB's current Cyclically Adjusted PB Ratio of 1.90 is 52% 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 Pieno zvaigzdes AB and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pieno zvaigzdes AB's current Cyclically Adjusted PB Ratio is 1.90, which is 14% above median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pieno zvaigzdes AB stock overvalued right now?
Pieno zvaigzdes AB (LTS:0NHM) has a current Cyclically Adjusted PB Ratio of 1.90. The stock's GF Value™ is €3.25, compared to a current price of €3.56 — trading 9.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.90, which is 14% above median its 10-year median of 1.67 and 52% above the Consumer Packaged Goods industry median of 1.25. Pieno zvaigzdes AB's overall GF Score™ is 63/100 with 5 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 Pieno zvaigzdes AB (LTS:0NHM), the current Cyclically Adjusted PB Ratio is 1.90 as of Jul. 28, 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 Pieno zvaigzdes AB (LTS:0NHM) Overvalued in 2026?

Based on GuruFocus' analysis, Pieno zvaigzdes AB stock appears to be overvalued. The current stock price of €3.56 is trading 9.5% above its estimated GF Value™ of €3.25.

Key valuation signals for LTS:0NHM:

  • Cyclically Adjusted PB Ratio: 1.90 (14% above median its 10-year median of 1.67)
  • GF Value™: €3.25 vs. price of €3.56 (9.5% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 52% above the Consumer Packaged Goods median (#1008 of 1439)

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


Pieno zvaigzdes AB Business Description

Other Exchanges PZV1L:Lithuania
Address Perkunkiemio Street 3, Vilnius, LTU, 12127
Pieno zvaigzdes AB is engaged in the production and sales of dairy products to retail stores directly and through distributors. The company's reportable segments are cheese, dry dairy products, ice cream, and fresh dairy products. It derives a majority of its revenue from fresh dairy products. Some of its product categories include mozzarella, cultured buttermilk, greek-style yogurt, sour cream, kefir, fermented cheese, grain curd, and others. Geographically, it has a presence in Lithuania, Italy, Germany, Latvia, Great Britain, the USA, Indonesia, Israel, and other countries. The majority of the company's revenue is generated from Lithuania, and also has its presence in Poland, Latvia, Estonia, Germany, Netherlands, Ireland, Great Britain, USA, Indonesia, Uzbekistan, Israel, and others.
63GF Score

Get the complete analysis for LTS:0NHM

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

€3.56
Price
€3.25
GF Value