LUG (WAR:LUG) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 28, 2026) — 69% Below Median

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WAR:LUG LUG SA WAR:LUG
60 GF Score
Price zł2.20
GF Value zł3.16
Valuation Possible Value Trap
! 5 Warning Signs
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What is LUG Cyclically Adjusted PB Ratio?

LUG WAR:LUG 60 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 28, 2026, which is 69% below its 10-year median of 0.67. GuruFocus rates WAR:LUG with a GF Score™ of 60/100 and a GF Value™ of zł3.16 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,278 Industrial Products companies, LUG ranks better than 97.01% on this metric.

As of today (2026-07-28), LUG's current share price is zł2.20. LUG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł10.45. LUG's Cyclically Adjusted PB Ratio for today is 0.21.

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

WAR:LUG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.67   Max: 1.35
Current: 0.21

During the past years, LUG's highest Cyclically Adjusted PB Ratio was 1.35. The lowest was 0.13. And the median was 0.67.

WAR:LUG's Cyclically Adjusted PB Ratio is ranked better than
97.01% of 2278 companies
in the Industrial Products industry
Industry Median: 2.105 vs WAR:LUG: 0.21

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.

LUG's adjusted book value per share data for the three months ended in Mar. 2026 was zł4.340. 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 zł10.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LUG  (WAR:LUG) 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.


LUG Cyclically Adjusted PB Ratio Related Terms


LUG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LUG'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.

LUG Cyclically Adjusted PB Ratio Chart

LUG 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 0.93 0.67 0.90 0.49 0.23

LUG 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 0.45 0.40 0.33 0.23 0.18

WAR:LUG vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, LUG'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.


LUG Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


WAR:LUG
60GF Score
LUG SA WAR:LUG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LUG 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.

LUG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.20/10.45
=0.21

* 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.

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

For example, LUG'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)
=4.34/163.0700*163.0700
=4.340

Current CPI (Mar. 2026) = 163.0700.

LUG Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.172 99.552 10.110
201609 6.302 99.064 10.374
201612 6.536 100.366 10.619
201703 6.638 101.018 10.716
201706 6.643 101.180 10.706
201709 6.991 101.343 11.249
201712 7.359 102.564 11.700
201803 7.514 102.564 11.947
201806 7.530 103.378 11.878
201809 7.862 103.378 12.402
201812 7.767 103.785 12.204
201903 7.889 104.274 12.337
201906 7.535 105.983 11.594
201909 7.541 105.983 11.603
201912 6.631 107.123 10.094
202003 6.967 109.076 10.416
202006 7.192 109.402 10.720
202009 7.323 109.320 10.924
202012 7.455 109.565 11.096
202103 7.643 112.658 11.063
202106 7.838 113.960 11.216
202109 7.991 115.588 11.274
202112 8.431 119.088 11.545
202203 8.554 125.031 11.156
202206 8.651 131.705 10.711
202209 8.766 135.531 10.547
202212 8.663 139.113 10.155
202303 8.813 145.950 9.847
202306 9.032 147.009 10.019
202309 9.242 146.113 10.315
202312 10.199 147.741 11.257
202403 9.379 149.044 10.262
202406 9.085 150.997 9.811
202409 8.882 153.439 9.439
202412 9.559 154.660 10.079
202503 9.333 157.021 9.693
202506 8.995 157.509 9.313
202509 7.627 158.000 7.872
202512 5.134 158.320 5.288
202603 4.340 163.070 4.340

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 0.21 mean?
LUG (WAR:LUG) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 28, 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 LUG and its competitors. This is 69% below median its historical median of 0.67. Over the past decade, LUG's Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.35. According to the industry distribution chart, LUG ranks #68 out of 2278 companies in the Industrial Products industry, placing it in the top 3%.
Is LUG's Cyclically Adjusted PB Ratio too high?
LUG's current Cyclically Adjusted PB Ratio of 0.21 is 69% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.35. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. LUG's value of 0.21 is 90% below this industry median. Based on the distribution chart, LUG ranks #68 out of 2278 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, LUG has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does LUG's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, LUG ranks #68 out of 2278 companies for Cyclically Adjusted PB Ratio. This places LUG in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.11. LUG's value of 0.21 is 90% below this benchmark. Historically, LUG's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.35 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 2.11, LUG 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 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. LUG's current Cyclically Adjusted PB Ratio of 0.21 is 90% 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 LUG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LUG's current Cyclically Adjusted PB Ratio is 0.21, which is 69% below median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LUG stock overvalued right now?
Based on GuruFocus' analysis, LUG (WAR:LUG) is currently considered Possible Value Trap. The stock's GF Value™ is zł3.16, compared to a current price of zł2.20 — trading 30.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 69% below median its 10-year median of 0.67 and 90% below the Industrial Products industry median of 2.11. LUG's overall GF Score™ is 60/100 with 5 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 LUG (WAR:LUG), the current Cyclically Adjusted PB Ratio is 0.21 as of Jul. 28, 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 LUG (WAR:LUG) Overvalued in 2026?

Based on GuruFocus' analysis, LUG stock appears to be undervalued. The current stock price of zł2.20 is trading 30.4% below its estimated GF Value™ of zł3.16. GuruFocus considers LUG to be Possible Value Trap.

Key valuation signals for WAR:LUG:

  • Cyclically Adjusted PB Ratio: 0.21 (69% below median its 10-year median of 0.67)
  • GF Value™: zł3.16 vs. price of zł2.20 (30.4% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 90% below the Industrial Products median (#68 of 2278)

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


LUG Business Description

Address ul. Gorzowska 11, Zielona Gora, POL, 65-127
LUG SA is a Poland based company involved in manufacturing industrial and decorative lighting fittings and sales of electrical materials. The company offers a wide range of outdoor fittings for building illumination, gas station, street, and parking lot lighting.
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Get the complete analysis for WAR:LUG

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

zł2.20
Price
zł3.16
GF Value