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Lennox InternationalMIL:1LII 93 Cyclically Adjusted PB Ratio is 197.28 as of Jul. 21, 2026, which is 292% above its 10-year median of 50.39. GuruFocus rates MIL:1LII with a GF Score™ of 93/100 and a GF Value™ of €501.24. The stock has 3 warning signs investors should review. Among 1,361 Construction companies, Lennox International ranks worse than 100% on this metric.
The historical rank and industry rank for Lennox International's Cyclically Adjusted PB Ratio or its related term are showing as below:
MIL:1LII'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 15.65 Med: 50.39 Max: 3146.76
Current: 203.96
During the past years, Lennox International's highest Cyclically Adjusted PB Ratio was 3146.76. The lowest was 15.65. And the median was 50.39.
MIL:1LII's Cyclically Adjusted PB Ratio is ranked worse than 100% of 1361
companies
in the Construction industry
Industry Median: 1.18
vs MIL:1LII: 203.96
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.
Lennox International's adjusted book value per share data for the three months ended in Mar. 2026 was €30.164. 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 €2.50 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Lennox International (MIL:1LII) 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.
Lennox International Cyclically Adjusted PB Ratio Related Terms
Lennox International Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Lennox International'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.
Lennox International Cyclically Adjusted PB Ratio Chart
MIL:1LII vs MAIR, MAS, CSL: Cyclically Adjusted PB Ratio Comparison
For the Building Products & Equipment subindustry, Lennox International'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.
Lennox International Cyclically Adjusted PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Lennox International's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Lennox International's Cyclically Adjusted PB Ratio falls into.
Lennox International 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.
* 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 197.28 mean?
Lennox International (MIL:1LII) has a Cyclically Adjusted PB Ratio of 197.28 as of Jul. 21, 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 Lennox International and its competitors. This is 292% above median its historical median of 50.39. Over the past decade, Lennox International's Cyclically Adjusted PB Ratio has ranged from 15.65 to 3,146.76. According to the industry distribution chart, Lennox International ranks #1361 out of 1361 companies in the Construction industry.
Is Lennox International's Cyclically Adjusted PB Ratio too high?
Lennox International's current Cyclically Adjusted PB Ratio of 197.28 is 292% above median its 10-year median of 50.39. Over the past 10 years, this metric has ranged from a low of 15.65 to a high of 3,146.76. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Lennox International's value of 197.28 is 16618.6% above this industry median. Based on the distribution chart, Lennox International ranks #1361 out of 1361 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Lennox International has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Lennox International's Cyclically Adjusted PB Ratio compare to MAIR and MAS?
According to the Construction industry distribution chart, Lennox International ranks #1361 out of 1361 companies for Cyclically Adjusted PB Ratio. This places Lennox International in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Lennox International's value of 197.28 is 16618.6% above this benchmark. Historically, Lennox International's own Cyclically Adjusted PB Ratio has ranged from 15.65 to 3,146.76 over the past decade. While the company's 10-year median is 50.39 vs. the industry median of 1.18, Lennox International 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,361 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. Lennox International's current Cyclically Adjusted PB Ratio of 197.28 is 16618.6% 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 Lennox International and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lennox International's current Cyclically Adjusted PB Ratio is 197.28, which is 292% above median its own 10-year median of 50.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lennox International stock overvalued right now?
Lennox International (MIL:1LII) has a current Cyclically Adjusted PB Ratio of 197.28. The stock's GF Value™ is €501.24, compared to a current price of €493.20 — trading 1.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 197.28, which is 292% above median its 10-year median of 50.39 and 16618.6% above the Construction industry median of 1.18. Lennox International's overall GF Score™ is 93/100 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 Lennox International (MIL:1LII), the current Cyclically Adjusted PB Ratio is 197.28 as of Jul. 21, 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 Lennox International (MIL:1LII) Overvalued in 2026?
Based on GuruFocus' analysis, Lennox International stock appears to be undervalued.
The current stock price of €493.20 is trading 1.6% below its estimated GF Value™ of €501.24.
Key valuation signals for MIL:1LII:
Cyclically Adjusted PB Ratio: 197.28 (292% above median its 10-year median of 50.39)
GF Value™: €501.24 vs. price of €493.20 (1.6% below fair value)
Industry Position: 16618.6% above the Construction median (#1361 of 1361)
No single metric tells the full story. See the MIL:1LII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lennox International manufacturers and distributes heating, ventilating, air conditioning, and refrigeration products for the North American replacement (75% of sales) and new construction (25% of sales) markets. Residential HVAC (home comfort solutions) accounts for 67% of sales and commercial HVAC (building climate solutions) accounts for the remaining 33% of sales. Lennox's commercial exposure is what its peers refer to as residential and light commercial, and lacks the scale and complexity of what is referred to as an applied solution. The company goes to market with multiple brands, but Lennox is its flagship HVAC brand.
93GF Score
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