Legend Power Systems (TSXV:LPS) Cyclically Adjusted PB Ratio: 2.42 (As of Jul. 30, 2026) — 19% 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.

TSXV:LPS Legend Power Systems Inc TSXV:LPS
35 GF Score
Price C$0.15
GF Value C$0.18
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Legend Power Systems Cyclically Adjusted PB Ratio?

Legend Power Systems TSXV:LPS -3.33% 35 Cyclically Adjusted PB Ratio is 2.42 as of Jul. 30, 2026, which is 19% below its 10-year median of 3.00. GuruFocus rates TSXV:LPS with a GF Score™ of 35/100 and a GF Value™ of C$0.18 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,268 Industrial Products companies, Legend Power Systems ranks worse than 59.88% on this metric.

As of today (2026-07-30), Legend Power Systems's current share price is C$0.145. Legend Power Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.06. Legend Power Systems's Cyclically Adjusted PB Ratio for today is 2.42.

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

TSXV:LPS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 3   Max: 14.67
Current: 2.71

During the past years, Legend Power Systems's highest Cyclically Adjusted PB Ratio was 14.67. The lowest was 0.23. And the median was 3.00.

TSXV:LPS's Cyclically Adjusted PB Ratio is ranked worse than
59.88% of 2268 companies
in the Industrial Products industry
Industry Median: 2.1 vs TSXV:LPS: 2.71

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.

Legend Power Systems's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.004. 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 C$0.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Legend Power Systems  (TSXV:LPS) 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.


Legend Power Systems Cyclically Adjusted PB Ratio Related Terms


Legend Power Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Legend Power Systems'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.

Legend Power Systems Cyclically Adjusted PB Ratio Chart

Legend Power Systems Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.07 3.07 2.72 4.13 3.21

Legend Power Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.32 2.01 3.21 2.00 1.31

TSXV:LPS vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Legend Power Systems'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.


Legend Power Systems Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Legend Power Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:LPS
35GF Score
Legend Power Systems Inc TSXV:LPS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Legend Power Systems 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.

Legend Power Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.145/0.06
=2.42

* 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.

Legend Power Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Legend Power Systems's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.004/132.2623*132.2623
=0.004

Current CPI (Mar. 2026) = 132.2623.

Legend Power Systems Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.038 102.002 0.049
201609 0.021 101.765 0.027
201612 0.044 101.449 0.057
201703 0.041 102.634 0.053
201706 0.042 103.029 0.054
201709 0.049 103.345 0.063
201712 0.060 103.345 0.077
201803 0.057 105.004 0.072
201806 0.144 105.557 0.180
201809 0.134 105.636 0.168
201812 0.124 105.399 0.156
201903 0.112 106.979 0.138
201906 0.101 107.690 0.124
201909 0.076 107.611 0.093
201912 0.063 107.769 0.077
202003 0.048 107.927 0.059
202006 0.040 108.401 0.049
202009 0.033 108.164 0.040
202012 0.027 108.559 0.033
202103 0.023 110.298 0.028
202106 0.093 111.720 0.110
202109 0.086 112.905 0.101
202112 0.077 113.774 0.090
202203 0.065 117.646 0.073
202206 0.054 120.806 0.059
202209 0.046 120.648 0.050
202212 0.038 120.964 0.042
202303 0.029 122.702 0.031
202306 0.021 124.203 0.022
202309 0.030 125.230 0.032
202312 0.023 125.072 0.024
202403 0.016 126.258 0.017
202406 0.013 127.522 0.013
202409 0.007 127.285 0.007
202412 0.008 127.364 0.008
202503 0.008 129.181 0.008
202506 0.003 129.892 0.003
202509 -0.001 130.287 -0.001
202512 -0.005 130.366 -0.005
202603 0.004 132.262 0.004

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 2.42 mean?
Legend Power Systems (TSXV:LPS) has a Cyclically Adjusted PB Ratio of 2.42 as of Jul. 30, 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 Legend Power Systems and its competitors. This is 19% below median its historical median of 3.00. Over the past decade, Legend Power Systems' Cyclically Adjusted PB Ratio has ranged from 0.23 to 14.67. According to the industry distribution chart, Legend Power Systems ranks #1358 out of 2268 companies in the Industrial Products industry, placing it in the top 59.9%.
Is Legend Power Systems' Cyclically Adjusted PB Ratio too high?
Legend Power Systems' current Cyclically Adjusted PB Ratio of 2.42 is 19% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 14.67. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.10. Legend Power Systems' value of 2.42 is 15.2% above this industry median. Based on the distribution chart, Legend Power Systems ranks #1358 out of 2268 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Legend Power Systems has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Legend Power Systems' Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Legend Power Systems ranks #1358 out of 2268 companies for Cyclically Adjusted PB Ratio. This places Legend Power Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. Legend Power Systems' value of 2.42 is 15.2% above this benchmark. Historically, Legend Power Systems' own Cyclically Adjusted PB Ratio has ranged from 0.23 to 14.67 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 2.10, Legend Power Systems 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.10, based on 2,268 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. Legend Power Systems's current Cyclically Adjusted PB Ratio of 2.42 is 15.2% 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 Legend Power Systems and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Power Systems's current Cyclically Adjusted PB Ratio is 2.42, which is 19% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legend Power Systems stock overvalued right now?
Based on GuruFocus' analysis, Legend Power Systems (TSXV:LPS) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.18, compared to a current price of C$0.15 — trading 19.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.42, which is 19% below median its 10-year median of 3.00 and 15.2% above the Industrial Products industry median of 2.10. Legend Power Systems' overall GF Score™ is 35/100 with 4 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 Legend Power Systems (TSXV:LPS), the current Cyclically Adjusted PB Ratio is 2.42 as of Jul. 30, 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 Legend Power Systems (TSXV:LPS) Overvalued in 2026?

Based on GuruFocus' analysis, Legend Power Systems stock appears to be undervalued. The current stock price of C$0.15 is trading 19.4% below its estimated GF Value™ of C$0.18. GuruFocus considers Legend Power Systems to be Modestly Undervalued.

Key valuation signals for TSXV:LPS:

  • Cyclically Adjusted PB Ratio: 2.42 (19% below median its 10-year median of 3.00)
  • GF Value™: C$0.18 vs. price of C$0.15 (19.4% below fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 15.2% above the Industrial Products median (#1358 of 2268)

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


Legend Power Systems Business Description

Other Exchanges LPSIF:USAXLE1:Germany
Address 1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9
Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The company's principal business activities are the assembly, marketing, and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on the geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.
35GF Score

Get the complete analysis for TSXV:LPS

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

C$0.15
Price
C$0.18
GF Value