Limoneira Co (STU:2L2) Cyclically Adjusted PB Ratio: 1.10 (As of Jul. 26, 2026) — 31% 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.

STU:2L2 Limoneira Co STU:2L2
58 GF Score
Price €11.40
GF Value €10.28
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Limoneira Co Cyclically Adjusted PB Ratio?

Limoneira Co STU:2L2 -0.87% 58 Cyclically Adjusted PB Ratio is 1.10 as of Jul. 26, 2026, which is 31% below its 10-year median of 1.59. GuruFocus rates STU:2L2 with a GF Score™ of 58/100 and a GF Value™ of €10.28 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,440 Consumer Packaged Goods companies, Limoneira Co ranks better than 56.67% on this metric.

As of today (2026-07-26), Limoneira Co's current share price is €11.40. Limoneira Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €10.38. Limoneira Co's Cyclically Adjusted PB Ratio for today is 1.10.

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

STU:2L2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.59   Max: 3.37
Current: 1.06

During the past years, Limoneira Co's highest Cyclically Adjusted PB Ratio was 3.37. The lowest was 0.97. And the median was 1.59.

STU:2L2's Cyclically Adjusted PB Ratio is ranked better than
56.67% of 1440 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs STU:2L2: 1.06

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.

Limoneira Co's adjusted book value per share data for the three months ended in Apr. 2026 was €6.352. 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 €10.38 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Limoneira Co  (STU:2L2) 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.


Limoneira Co Cyclically Adjusted PB Ratio Related Terms


Limoneira Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Limoneira Co'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.

Limoneira Co Cyclically Adjusted PB Ratio Chart

Limoneira Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.07 1.22 2.14 1.17

Limoneira Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.24 1.21 1.17 1.19 1.04

STU:2L2 vs VFF, AFRI, ALCO: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Limoneira Co'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.


Limoneira Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


STU:2L2
58GF Score
Limoneira Co STU:2L2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Limoneira Co 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.

Limoneira Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.40/10.38
=1.10

* 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.

Limoneira Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Limoneira Co's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=6.352/333.0200*333.0200
=6.352

Current CPI (Apr. 2026) = 333.0200.

Limoneira Co Quarterly Data

Book Value per Share CPI Adj_Book
201607 8.246 240.628 11.412
201610 8.101 241.729 11.160
201701 8.154 242.839 11.182
201704 8.399 244.524 11.439
201707 8.341 244.786 11.348
201710 8.047 246.663 10.864
201801 8.317 247.867 11.174
201804 8.684 250.546 11.543
201807 10.948 252.006 14.468
201810 10.775 252.885 14.189
201901 10.541 251.712 13.946
201904 10.781 255.548 14.049
201907 10.668 256.571 13.847
201910 10.502 257.346 13.590
202001 9.983 257.971 12.887
202004 9.863 256.389 12.811
202007 9.459 259.101 12.158
202010 8.787 260.388 11.238
202101 8.247 261.582 10.499
202104 8.481 267.054 10.576
202107 8.668 273.003 10.574
202110 8.601 276.589 10.356
202201 8.427 281.148 9.982
202204 8.783 289.109 10.117
202207 9.645 296.276 10.841
202210 9.726 298.012 10.869
202301 9.817 299.170 10.928
202304 9.457 303.363 10.382
202307 9.255 305.691 10.082
202310 9.421 307.671 10.197
202401 8.827 308.417 9.531
202404 9.225 313.548 9.798
202407 9.409 314.540 9.962
202410 9.221 315.664 9.728
202501 9.423 317.671 9.878
202504 8.479 320.795 8.802
202507 8.065 323.048 8.314
202510 7.654 0.000
202601 7.073 325.252 7.242
202604 6.352 333.020 6.352

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 1.10 mean?
Limoneira Co (STU:2L2) has a Cyclically Adjusted PB Ratio of 1.10 as of Jul. 26, 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 Limoneira Co and its competitors. This is 31% below median its historical median of 1.59. Over the past decade, Limoneira Co's Cyclically Adjusted PB Ratio has ranged from 0.97 to 3.37. According to the industry distribution chart, Limoneira Co ranks #624 out of 1440 companies in the Consumer Packaged Goods industry, placing it in the top 43.3%.
Is Limoneira Co's Cyclically Adjusted PB Ratio too high?
Limoneira Co's current Cyclically Adjusted PB Ratio of 1.10 is 31% below median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 3.37. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Limoneira Co's value of 1.10 is 12% below this industry median. Based on the distribution chart, Limoneira Co ranks #624 out of 1440 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Limoneira Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Limoneira Co's Cyclically Adjusted PB Ratio compare to VFF and AFRI?
According to the Consumer Packaged Goods industry distribution chart, Limoneira Co ranks #624 out of 1440 companies for Cyclically Adjusted PB Ratio. This puts Limoneira Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Limoneira Co's value of 1.10 is 12% below this benchmark. Historically, Limoneira Co's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 3.37 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 1.25, Limoneira Co has consistently been below 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 1,440 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. Limoneira Co's current Cyclically Adjusted PB Ratio of 1.10 is 12% below 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 Limoneira Co 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. Limoneira Co's current Cyclically Adjusted PB Ratio is 1.10, which is 31% below median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Limoneira Co stock overvalued right now?
Based on GuruFocus' analysis, Limoneira Co (STU:2L2) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.28, compared to a current price of €11.40 — trading 10.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 31% below median its 10-year median of 1.59 and 12% below the Consumer Packaged Goods industry median of 1.25. Limoneira Co's overall GF Score™ is 58/100 with 11 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 Limoneira Co (STU:2L2), the current Cyclically Adjusted PB Ratio is 1.10 as of Jul. 26, 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 Limoneira Co (STU:2L2) Overvalued in 2026?

Based on GuruFocus' analysis, Limoneira Co stock appears to be overvalued. The current stock price of €11.40 is trading 10.9% above its estimated GF Value™ of €10.28. GuruFocus considers Limoneira Co to be Modestly Overvalued.

Key valuation signals for STU:2L2:

  • Cyclically Adjusted PB Ratio: 1.10 (31% below median its 10-year median of 1.59)
  • GF Value™: €10.28 vs. price of €11.40 (10.9% above fair value)
  • GF Score™: 58/100 with 11 warning signs
  • Industry Position: 12% below the Consumer Packaged Goods median (#624 of 1440)

No single metric tells the full story. See the STU:2L2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Limoneira Co Business Description

Other Exchanges LMNR:USA
Address 1141 Cummings Road, Santa Paula, CA, USA, 93060
Limoneira Co is predominantly an agribusiness company. Its current operations consist of fruit production and marketing, rental operations, real estate, and capital investment activities. The company has three business divisions; agribusiness, rental operations, and real estate development. The agribusiness division which accounts for a majority of the firm's revenue represents its core operations of farming, harvesting, lemon packing, and lemon sales operations. The company's reportable operating segments are fresh lemons, lemon packing, avocados, and other agribusiness, which predominantly includes oranges, specialty citrus, other crops, and farm management services. A majority of its revenue is derived from the Fresh Lemons segment.
58GF Score

Get the complete analysis for STU:2L2

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

€11.40
Price
€10.28
GF Value