TREE (LendingTree) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.

TREE LendingTree Inc TREE
63 GF Score
Price $25.58
GF Value $61.38
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is LendingTree Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LendingTree  (NAS:TREE) 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.


LendingTree Cyclically Adjusted PB Ratio Related Terms


LendingTree Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LendingTree'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.

LendingTree Cyclically Adjusted PB Ratio Chart

LendingTree 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 5.35 0.85 1.17 1.48 2.01

LendingTree 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 1.40 2.44 2.02 1.60 1.64

TREE vs TMS, RILY, FRHC: Cyclically Adjusted PB Ratio Comparison

For the Insurance Brokers subindustry, LendingTree'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.


LendingTree Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, LendingTree's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TREE
63GF Score
LendingTree Inc TREE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LendingTree 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.

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

For example, LendingTree'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)
=22.856/333.9520*333.9520
=22.856

Current CPI (Jun. 2026) = 333.9520.

LendingTree Quarterly Data

Book Value per Share CPI Adj_Book
201609 18.899 241.428 26.142
201612 19.627 241.432 27.148
201703 20.281 243.801 27.780
201706 24.664 244.955 33.625
201709 25.301 246.819 34.233
201712 24.615 246.524 33.345
201803 26.558 249.554 35.540
201806 27.265 251.989 36.133
201809 29.080 252.439 38.470
201812 27.027 251.233 35.926
201903 27.346 254.202 35.925
201906 28.832 256.143 37.590
201909 29.948 256.759 38.952
201912 30.864 256.974 40.109
202003 32.425 258.115 41.952
202006 31.016 257.797 40.178
202009 27.520 260.280 35.310
202012 27.792 260.474 35.632
202103 30.058 264.877 37.897
202106 31.572 271.696 38.806
202109 32.344 274.310 39.376
202112 34.211 278.802 40.978
202203 26.703 287.504 31.017
202206 27.413 296.311 30.895
202209 16.152 296.808 18.173
202212 16.230 296.797 18.262
202303 17.892 301.836 19.796
202306 18.639 305.109 20.401
202309 7.893 307.789 8.564
202312 9.518 306.746 10.362
202403 9.947 312.332 10.636
202406 10.931 314.175 11.619
202409 7.055 315.301 7.472
202412 8.126 315.605 8.598
202503 7.665 319.799 8.004
202506 8.678 322.561 8.984
202509 9.708 324.800 9.982
202512 20.829 324.054 21.465
202603 21.840 330.213 22.087
202606 22.856 333.952 22.856

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 LendingTree (TREE) Overvalued in 2026?

Based on GuruFocus' analysis, LendingTree stock appears to be undervalued. The current stock price of $25.58 is trading 58.3% below its estimated GF Value™ of $61.38. GuruFocus considers LendingTree to be Possible Value Trap.

Key valuation signals for TREE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $61.38 vs. price of $25.58 (58.3% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


LendingTree Business Description

Other Exchanges 0JTZ:UKT77:Germany
Address 1415 Vantage Park Drive, Suite 700, Charlotte, NC, USA, 28203
LendingTree Inc. is a U.S.-based company that mainly operates an online loan marketplace. The company offers online tools and resources to help consumers find loans or other credit-based products, including mortgage loans, reverse mortgages, home equity loans, personal loans, auto loans, credit cards, student loans, small business loans, and various related products. It provides consumers with direct access to a wide array of lenders. The company has three reportable segments: Home, Consumer, and Insurance. It generates match fees by connecting consumers with lenders and closing fees from lenders when a transaction is finalized. The company conducts business solely in the United States.
63GF Score

Get the complete analysis for TREE

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

$25.58
Price
$61.38
GF Value