VIGO Photonics (LTS:0R4B) Cyclically Adjusted PB Ratio: 2.89 (As of Aug. 04, 2026) — 13% Below 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:0R4B VIGO Photonics SA LTS:0R4B
87 GF Score
Price zł719.52
GF Value zł912.39
! 3 Warning Signs
View Full Analysis

What is VIGO Photonics Cyclically Adjusted PB Ratio?

VIGO Photonics LTS:0R4B 87 Cyclically Adjusted PB Ratio is 2.89 as of Aug. 04, 2026, which is 13% below its 10-year median of 3.33. GuruFocus rates LTS:0R4B with a GF Score™ of 87/100 and a GF Value™ of zł912.39. The stock has 3 warning signs investors should review. Among 1,972 Hardware companies, VIGO Photonics ranks worse than 63.59% on this metric.

As of today (2026-08-04), VIGO Photonics's current share price is zł719.52207. VIGO Photonics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł249.26. VIGO Photonics's Cyclically Adjusted PB Ratio for today is 2.89.

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

LTS:0R4B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.76   Med: 3.33   Max: 4.89
Current: 2.88

During the past years, VIGO Photonics's highest Cyclically Adjusted PB Ratio was 4.89. The lowest was 2.76. And the median was 3.33.

LTS:0R4B's Cyclically Adjusted PB Ratio is ranked worse than
63.59% of 1972 companies
in the Hardware industry
Industry Median: 2 vs LTS:0R4B: 2.88

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.

VIGO Photonics's adjusted book value per share data for the three months ended in Mar. 2026 was zł176.296. 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 zł249.26 for the trailing ten years ended in Mar. 2026.

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 0.00 0.00 3.83 3.23 2.76

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 3.25 3.31 3.23 2.76 2.89

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
87GF Score
VIGO Photonics SA LTS:0R4B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=719.52207/249.26
=2.89

* 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'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)
=176.296/163.0700*163.0700
=176.296

Current CPI (Mar. 2026) = 163.0700.

VIGO Photonics Quarterly Data

Book Value per Share CPI Adj_Book
201606 40.534 99.552 66.396
201609 44.296 99.064 72.916
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 74.376 103.785 116.862
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 179.894 119.088 246.332
202203 187.483 125.031 244.523
202206 188.561 131.705 233.465
202209 192.679 135.531 231.830
202212 162.918 139.113 190.975
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 224.034 149.044 245.118
202406 224.526 150.997 242.478
202409 220.074 153.439 233.887
202412 195.104 154.660 205.713
202503 193.720 157.021 201.183
202506 193.699 157.509 200.537
202509 192.026 158.000 198.188
202512 179.640 158.320 185.030
202603 176.296 163.070 176.296

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 2.89 mean?
VIGO Photonics (LTS:0R4B) has a Cyclically Adjusted PB Ratio of 2.89 as of Aug. 04, 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 VIGO Photonics and its competitors. This is 13% below median its historical median of 3.33. Over the past decade, VIGO Photonics' Cyclically Adjusted PB Ratio has ranged from 2.76 to 4.89. According to the industry distribution chart, VIGO Photonics ranks #1254 out of 1972 companies in the Hardware industry, placing it in the top 63.6%.
Is VIGO Photonics' Cyclically Adjusted PB Ratio too high?
VIGO Photonics' current Cyclically Adjusted PB Ratio of 2.89 is 13% below median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 4.89. The Hardware industry median Cyclically Adjusted PB Ratio is 2.00. VIGO Photonics' value of 2.89 is 44.5% above this industry median. Based on the distribution chart, VIGO Photonics ranks #1254 out of 1972 companies in the Hardware industry, which is below the industry midpoint. Overall, VIGO Photonics has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does VIGO Photonics' Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, VIGO Photonics ranks #1254 out of 1972 companies for Cyclically Adjusted PB Ratio. This places VIGO Photonics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.00. VIGO Photonics' value of 2.89 is 44.5% above this benchmark. Historically, VIGO Photonics' own Cyclically Adjusted PB Ratio has ranged from 2.76 to 4.89 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 2.00, VIGO Photonics 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.00, based on 1,972 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. VIGO Photonics's current Cyclically Adjusted PB Ratio of 2.89 is 44.5% 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 VIGO Photonics and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIGO Photonics's current Cyclically Adjusted PB Ratio is 2.89, which is 13% below median its own 10-year median of 3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIGO Photonics stock overvalued right now?
VIGO Photonics (LTS:0R4B) has a current Cyclically Adjusted PB Ratio of 2.89. The stock's GF Value™ is zł912.39, compared to a current price of zł719.52 — trading 21.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.89, which is 13% below median its 10-year median of 3.33 and 44.5% above the Hardware industry median of 2.00. VIGO Photonics' overall GF Score™ is 87/100 with 3 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 VIGO Photonics (LTS:0R4B), the current Cyclically Adjusted PB Ratio is 2.89 as of Aug. 04, 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 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 21.1% below its estimated GF Value™ of zł912.39.

Key valuation signals for LTS:0R4B:

  • Cyclically Adjusted PB Ratio: 2.89 (13% below median its 10-year median of 3.33)
  • GF Value™: zł912.39 vs. price of zł719.52 (21.1% below fair value)
  • GF Score™: 87/100 with 3 warning signs
  • Industry Position: 44.5% above the Hardware median (#1254 of 1972)

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.
87GF 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
zł912.39
GF Value