Lighthouse Properties (STU:87O) Cyclically Adjusted PB Ratio: (As of Sep. 16, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:87O Lighthouse Properties PLC STU:87O
75 GF Score
Price €0.36
GF Value €0.45
! 10 Warning Signs
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What is Lighthouse Properties Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lighthouse Properties  (STU:87O) 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.


Lighthouse Properties Cyclically Adjusted PB Ratio Related Terms


Lighthouse Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lighthouse Properties'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.

Lighthouse Properties Cyclically Adjusted PB Ratio Chart

Lighthouse Properties Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 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 0.00 0.00 0.00

Lighthouse Properties Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.33 0.38 0.34 0.46 0.38

STU:87O vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Lighthouse Properties'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.


Lighthouse Properties Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Lighthouse Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:87O
75GF Score
Lighthouse Properties PLC STU:87O
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lighthouse Properties 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.

Lighthouse Properties's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Lighthouse Properties's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.443/324.0540*324.0540
=0.443

Current CPI (Dec25) = 324.0540.

Lighthouse Properties Annual Data

Book Value per Share CPI Adj_Book
201509 1.660 237.945 2.261
201609 1.509 241.428 2.025
201709 1.852 246.819 2.432
201809 1.255 252.439 1.611
201909 0.522 256.759 0.659
202112 0.224 278.802 0.260
202212 0.225 296.797 0.246
202312 0.429 306.746 0.453
202412 0.426 315.605 0.437
202512 0.443 324.054 0.443

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 Lighthouse Properties (STU:87O) Overvalued in 2026?

Based on GuruFocus' analysis, Lighthouse Properties stock appears to be undervalued. The current stock price of €0.36 is trading 20.4% below its estimated GF Value™ of €0.45.

Key valuation signals for STU:87O:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.45 vs. price of €0.36 (20.4% below fair value)
  • GF Score™: 75/100 with 10 warning signs

No single metric tells the full story. See the STU:87O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lighthouse Properties Business Description

Other Exchanges LTE:South Africa87O:Germany
Address IL-Piazzetta, Tower Road, 4th Floor, Office 41, Block A, Sliema, MLT, SLM 1605
Lighthouse Properties PLC focuses on investing in dominant and defensive malls located in large Western European cities. Its activities include acquiring and investing in high-quality malls, enhancing property value through redevelopment, refurbishment, and improvements, and leasing space to tenants to generate rental income. The Group operates through two segments: direct property investments and indirect property investments, which involve temporary investments in listed real estate equity securities until capital is deployed into acquisitions, expansions, or refurbishments. The company's property portfolio is located across Spain, Portugal, and France, with the majority of revenue generated from Spain.
75GF Score

Get the complete analysis for STU:87O

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

€0.36
Price
€0.45
GF Value