VIGO Photonics (LTS:0R4B) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:0R4B VIGO Photonics SA LTS:0R4B
88 GF Score
Price zł719.52
GF Value zł935.59
! 3 Warning Signs
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What is VIGO Photonics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VIGO Photonics  (LTS:0R4B) 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.


VIGO Photonics Cyclically Adjusted PB Ratio Related Terms


VIGO Photonics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VIGO Photonics'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.

VIGO Photonics Cyclically Adjusted PB Ratio Chart

VIGO Photonics 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 - 6.59 5.29 4.59 4.20

VIGO Photonics 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 4.73 4.61 4.50 4.42 4.23

LTS:0R4B vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, VIGO Photonics'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.


VIGO Photonics Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, VIGO Photonics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0R4B
88GF Score
VIGO Photonics SA LTS:0R4B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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VIGO Photonics 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.

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

For example, VIGO Photonics'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)
=176.337/163.0700*163.0700
=176.337

Current CPI (Mar. 2026) = 163.0700.

VIGO Photonics Quarterly Data

Book Value per Share CPI Adj_Book
201606 40.533 99.552 66.394
201609 47.331 99.064 77.912
201612 51.674 100.366 83.957
201703 55.027 101.018 88.829
201706 51.948 101.180 83.723
201709 55.791 101.343 89.773
201712 56.520 102.564 89.863
201803 61.502 102.564 97.784
201806 66.354 103.378 104.668
201809 71.022 103.378 112.031
201812 74.377 103.785 116.863
201903 80.048 104.274 125.185
201906 82.705 105.983 127.254
201909 87.812 105.983 135.111
201912 93.365 107.123 142.127
202003 96.966 109.076 144.965
202006 104.551 109.402 155.840
202009 109.801 109.320 163.787
202012 137.973 109.565 205.352
202103 145.372 112.658 210.423
202106 152.974 113.960 218.897
202109 164.779 115.588 232.468
202112 180.011 119.088 246.493
202203 187.481 125.031 244.521
202206 188.561 131.705 233.465
202209 192.679 135.531 231.830
202212 189.907 139.113 222.612
202303 193.449 145.950 216.140
202306 199.724 147.009 221.545
202309 199.978 146.113 223.186
202312 241.698 147.741 266.775
202403 197.852 149.044 216.472
202406 224.577 150.997 242.533
202409 194.114 153.439 206.298
202412 195.149 154.660 205.760
202503 193.765 157.021 201.230
202506 193.744 157.509 200.584
202509 192.070 158.000 198.233
202512 179.681 158.320 185.072
202603 176.337 163.070 176.337

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 VIGO Photonics (LTS:0R4B) Overvalued in 2026?

Based on GuruFocus' analysis, VIGO Photonics stock appears to be undervalued. The current stock price of zł719.52 is trading 23.1% below its estimated GF Value™ of zł935.59.

Key valuation signals for LTS:0R4B:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł935.59 vs. price of zł719.52 (23.1% below fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the LTS:0R4B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VIGO Photonics Business Description

Other Exchanges VGO:PolandJ8Z:Germany
Address 129/133 Poznanska Street, Ozarow Mazowiecki, POL, 05-850
VIGO Photonics SA is a manufacturer of uncooled infrared photon detectors. The detectors are used in the fields of Industry, Defense and Security, Environmental Protection, Healthcare, Transport, and Research & Development. The company's products include MCT Detectors, InAs Detectors, InAsSb Detectors, and Dedicated electronics. It has two operating segments: the Semiconductor modules segment and the Semiconductor materials segment.
88GF Score

Get the complete analysis for LTS:0R4B

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

zł719.52
Price
zł935.59
GF Value