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.
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.
Lightwave LogicLWLG -8.22%32 Cyclically Adjusted PB Ratio is 32.32 as of Jul. 24, 2026, which is 18% below its 10-year median of 39.48. GuruFocus rates LWLG with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 1,273 Chemicals companies, Lightwave Logic ranks worse than 99.45% on this metric.
The historical rank and industry rank for Lightwave Logic's Cyclically Adjusted PB Ratio or its related term are showing as below:
LWLG'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 18.28 Med: 39.48 Max: 86.47
Current: 35.23
During the past years, Lightwave Logic's highest Cyclically Adjusted PB Ratio was 86.47. The lowest was 18.28. And the median was 39.48.
LWLG's Cyclically Adjusted PB Ratio is ranked worse than 99.45% of 1273
companies
in the Chemicals industry
Industry Median: 1.66
vs LWLG: 35.23
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.
Lightwave Logic's adjusted book value per share data for the three months ended in Mar. 2026 was $0.540. 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 $0.19 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Lightwave Logic (NAS:LWLG) 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.
Lightwave Logic Cyclically Adjusted PB Ratio Related Terms
Lightwave Logic Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Lightwave Logic'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.
Lightwave Logic Cyclically Adjusted PB Ratio Chart
LWLG vs SCL, ECVT, ODC: Cyclically Adjusted PB Ratio Comparison
For the Specialty Chemicals subindustry, Lightwave Logic'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.
Lightwave Logic Cyclically Adjusted PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Lightwave Logic's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Lightwave Logic's Cyclically Adjusted PB Ratio falls into.
Lightwave Logic 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.
Lightwave Logic's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 32.32 mean?
Lightwave Logic (LWLG) has a Cyclically Adjusted PB Ratio of 32.32 as of Jul. 24, 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 Lightwave Logic and its competitors. This is 18% below median its historical median of 39.48. Over the past decade, Lightwave Logic's Cyclically Adjusted PB Ratio has ranged from 18.28 to 86.47. According to the industry distribution chart, Lightwave Logic ranks #1266 out of 1273 companies in the Chemicals industry, placing it in the top 99.5%.
Is Lightwave Logic's Cyclically Adjusted PB Ratio too high?
Lightwave Logic's current Cyclically Adjusted PB Ratio of 32.32 is 18% below median its 10-year median of 39.48. Over the past 10 years, this metric has ranged from a low of 18.28 to a high of 86.47. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. Lightwave Logic's value of 32.32 is 1847% above this industry median. Based on the distribution chart, Lightwave Logic ranks #1266 out of 1273 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Lightwave Logic has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Lightwave Logic's Cyclically Adjusted PB Ratio compare to SCL and ECVT?
According to the Chemicals industry distribution chart, Lightwave Logic ranks #1266 out of 1273 companies for Cyclically Adjusted PB Ratio. This places Lightwave Logic in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Lightwave Logic's value of 32.32 is 1847% above this benchmark. Historically, Lightwave Logic's own Cyclically Adjusted PB Ratio has ranged from 18.28 to 86.47 over the past decade. While the company's 10-year median is 39.48 vs. the industry median of 1.66, Lightwave Logic 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.66, based on 1,273 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. Lightwave Logic's current Cyclically Adjusted PB Ratio of 32.32 is 1847% 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 Lightwave Logic and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lightwave Logic's current Cyclically Adjusted PB Ratio is 32.32, which is 18% below median its own 10-year median of 39.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightwave Logic stock overvalued right now?
Lightwave Logic (LWLG) has a current Cyclically Adjusted PB Ratio of 32.32. The current Cyclically Adjusted PB Ratio is 32.32, which is 18% below median its 10-year median of 39.48 and 1847% above the Chemicals industry median of 1.66. Lightwave Logic's overall GF Score™ is 32/100 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 Lightwave Logic (LWLG), the current Cyclically Adjusted PB Ratio is 32.32 as of Jul. 24, 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.
Lightwave Logic Inc is a specialty materials and intellectual property company focused on the development and commercialization of proprietary electro-optic (EO) polymer materials designed to enable high-speed optical modulators for data communications and other photonic applications. Its Perkinamine family of EO polymers is designed for integration into silicon photonics (SiPh) and other photonic integrated circuit (PIC) platforms, supporting high-speed optical modulation with lower drive voltage requirements compared with some conventional silicon-based and III-V compound semiconductor approaches. The company operates as a single reportable segment.
32GF Score
Get the complete analysis for LWLG
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LWLG has been successfully added to your 
