Lenzing AG (STU:LEN) Cyclically Adjusted PB Ratio: 0.39 (As of Sep. 16, 2026) — 69% 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:LEN Lenzing AG STU:LEN
66 GF Score
Price €21.10
GF Value €27.33
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Lenzing AG Cyclically Adjusted PB Ratio?

Lenzing AG STU:LEN -1.17% 66 Cyclically Adjusted PB Ratio is 0.39 as of Sep. 16, 2026, which is 69% below its 10-year median of 1.25. GuruFocus rates STU:LEN with a GF Score™ of 66/100 and a GF Value™ of €27.33 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, Lenzing AG ranks better than 80.16% on this metric.

As of today (2026-09-16), Lenzing AG's current share price is €21.10. Lenzing AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €53.94. Lenzing AG's Cyclically Adjusted PB Ratio for today is 0.39.

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

STU:LEN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.25   Max: 4.8
Current: 0.39

During the past years, Lenzing AG's highest Cyclically Adjusted PB Ratio was 4.80. The lowest was 0.36. And the median was 1.25.

STU:LEN's Cyclically Adjusted PB Ratio is ranked better than
80.16% of 635 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.93 vs STU:LEN: 0.39

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.

Lenzing AG's adjusted book value per share data for the three months ended in Jun. 2026 was €21.694. 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 €53.94 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lenzing AG  (STU:LEN) 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.


Lenzing AG Cyclically Adjusted PB Ratio Related Terms


Lenzing AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lenzing AG'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.

Lenzing AG Cyclically Adjusted PB Ratio Chart

Lenzing AG 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 2.24 0.91 0.65 0.52 0.44

Lenzing AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 Premium Member Only 0.44 0.46 0.42 0.44 0.45

Lenzing AG Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Lenzing AG'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.


Lenzing AG Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lenzing AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:LEN
66GF Score
Lenzing AG STU:LEN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lenzing AG 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.

Lenzing AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.10/53.938
=0.39

* 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.

Lenzing AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Lenzing AG's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.694/142.7100*142.7100
=21.694

Current CPI (Jun. 2026) = 142.7100.

Lenzing AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 42.304 101.192 59.661
201612 45.097 102.092 63.039
201703 47.458 102.592 66.016
201706 45.916 102.991 63.623
201709 47.814 103.591 65.870
201712 49.688 104.291 67.992
201803 51.165 104.491 69.879
201806 49.033 105.091 66.585
201809 50.012 105.691 67.529
201812 50.547 106.291 67.866
201903 52.322 106.391 70.183
201906 48.948 106.791 65.412
201909 50.457 106.991 67.302
201912 50.676 108.091 66.906
202003 48.038 108.024 63.463
202006 46.417 107.915 61.383
202009 45.046 108.348 59.332
202012 45.634 109.321 59.572
202103 47.860 110.186 61.987
202106 51.478 110.943 66.218
202109 52.747 111.916 67.260
202112 51.917 113.971 65.009
202203 54.984 117.647 66.697
202206 53.432 120.567 63.245
202209 56.303 123.811 64.897
202212 50.395 125.541 57.287
202303 47.705 128.460 52.997
202306 53.691 130.191 58.854
202309 46.085 131.272 50.101
202312 32.254 132.570 34.721
202403 30.864 133.759 32.929
202406 30.084 134.083 32.020
202409 27.728 133.651 29.607
202412 29.919 135.273 31.564
202503 30.123 137.760 31.205
202506 28.468 138.517 29.330
202509 23.851 138.950 24.496
202512 21.210 140.350 21.567
202603 22.127 142.160 22.213
202606 21.694 142.710 21.694

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 0.39 mean?
Lenzing AG (STU:LEN) has a Cyclically Adjusted PB Ratio of 0.39 as of Sep. 16, 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 Lenzing AG and its competitors. This is 69% below median its historical median of 1.25. Over the past decade, Lenzing AG's Cyclically Adjusted PB Ratio has ranged from 0.36 to 4.80. According to the industry distribution chart, Lenzing AG ranks #126 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.8%.
Is Lenzing AG's Cyclically Adjusted PB Ratio too high?
Lenzing AG's current Cyclically Adjusted PB Ratio of 0.39 is 69% below median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 4.80. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.93. Lenzing AG's value of 0.39 is 58.1% below this industry median. Based on the distribution chart, Lenzing AG ranks #126 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Lenzing AG has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lenzing AG's Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Lenzing AG ranks #126 out of 635 companies for Cyclically Adjusted PB Ratio. This places Lenzing AG in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.93. Lenzing AG's value of 0.39 is 58.1% below this benchmark. Historically, Lenzing AG's own Cyclically Adjusted PB Ratio has ranged from 0.36 to 4.80 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 0.93, Lenzing AG 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.93, based on 635 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. Lenzing AG's current Cyclically Adjusted PB Ratio of 0.39 is 58.1% 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 Lenzing AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lenzing AG's current Cyclically Adjusted PB Ratio is 0.39, which is 69% below median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lenzing AG stock overvalued right now?
Based on GuruFocus' analysis, Lenzing AG (STU:LEN) is currently considered Modestly Undervalued. The stock's GF Value™ is €27.33, compared to a current price of €21.10 — trading 22.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.39, which is 69% below median its 10-year median of 1.25 and 58.1% below the Manufacturing - Apparel & Accessories industry median of 0.93. Lenzing AG's overall GF Score™ is 66/100 with 6 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 Lenzing AG (STU:LEN), the current Cyclically Adjusted PB Ratio is 0.39 as of Sep. 16, 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 Lenzing AG (STU:LEN) Overvalued in 2026?

Based on GuruFocus' analysis, Lenzing AG stock appears to be undervalued. The current stock price of €21.10 is trading 22.8% below its estimated GF Value™ of €27.33. GuruFocus considers Lenzing AG to be Modestly Undervalued.

Key valuation signals for STU:LEN:

  • Cyclically Adjusted PB Ratio: 0.39 (69% below median its 10-year median of 1.25)
  • GF Value™: €27.33 vs. price of €21.10 (22.8% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 58.1% below the Manufacturing - Apparel & Accessories median (#126 of 635)

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


Lenzing AG Business Description

Address Werkstrasse 2, Lenzing, AUT, 4860
Lenzing AG manufactures and sells wood-based cellulose fibers and other chemical-based products. The company's segment includes The Division Fiber produces all three generations of wood-based cellulosic fibers and markets them under the product brands TENCEL, VEOCEL, LENZING ECOVERO, and LENZING. the products made from lyocell, modal, and viscose fibers are used for the production of textiles as well as nonwovens and special applications; The Division Pulp produces and procures dissolving pulp for fiber production. The pulp is used for the company's own cellulosic fiber production and marketed externally; and Others include central headquarters functions. It derives a majority of its revenue from the Division fiber segment. It derives maximum revenue from Division Fiber Segment.
66GF Score

Get the complete analysis for STU:LEN

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

€21.10
Price
€27.33
GF Value