Lenzing AG (XTER:LEN) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

XTER:LEN Lenzing AG XTER:LEN
50 GF Score
Price €26.85
GF Value €34.06
! 3 Warning Signs
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What is Lenzing AG Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lenzing AG  (XTER: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 2.22 0.88 0.62 0.51 0.41

Lenzing AG 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 0.47 0.42 0.44 0.41 0.41

XTER:LEN vs AIN: Cyclically Adjusted PB Ratio 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.


XTER:LEN
50GF Score
Lenzing AG XTER:LEN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Lenzing AG'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)
=25.281/142.1600*142.1600
=25.281

Current CPI (Mar. 2026) = 142.1600.

Lenzing AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 39.292 101.092 55.254
201609 41.322 101.192 58.052
201612 44.029 102.092 61.309
201703 46.341 102.592 64.214
201706 44.841 102.991 61.894
201709 46.753 103.591 64.160
201712 48.648 104.291 66.312
201803 50.160 104.491 68.242
201806 47.365 105.091 64.072
201809 48.954 105.691 65.846
201812 49.486 106.291 66.186
201903 51.277 106.391 68.516
201906 47.949 106.791 63.830
201909 49.494 106.991 65.763
201912 49.857 108.091 65.571
202003 45.550 108.024 59.944
202006 43.553 107.915 57.374
202009 40.785 108.348 53.513
202012 57.104 109.321 74.257
202103 59.199 110.186 76.377
202106 61.907 110.943 79.326
202109 63.278 111.916 80.378
202112 61.936 113.971 77.255
202203 63.851 117.647 77.155
202206 61.232 120.567 72.198
202209 63.212 123.811 72.580
202212 57.335 125.541 64.925
202303 54.625 128.460 60.450
202306 41.918 130.191 45.772
202309 50.647 131.272 54.848
202312 37.298 132.570 39.996
202403 35.380 133.759 37.602
202406 34.248 134.083 36.311
202409 31.775 133.651 33.798
202412 33.917 135.273 35.644
202503 33.857 137.760 34.938
202506 32.498 138.517 33.353
202509 27.627 138.950 28.265
202512 25.268 140.350 25.594
202603 25.281 142.160 25.281

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 Lenzing AG (XTER:LEN) Overvalued in 2026?

Based on GuruFocus' analysis, Lenzing AG stock appears to be undervalued. The current stock price of €26.85 is trading 21.2% below its estimated GF Value™ of €34.06.

Key valuation signals for XTER:LEN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €34.06 vs. price of €26.85 (21.2% below fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the XTER: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.
50GF Score

Get the complete analysis for XTER:LEN

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

€26.85
Price
€34.06
GF Value