LY (YAHOY) Cyclically Adjusted PB Ratio: 1.61 (As of Aug. 13, 2026) — 40% Below Median

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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.

YAHOY LY Corp YAHOY
85 GF Score
Price $6.23
GF Value $6.39
Valuation Fairly Valued
! 9 Warning Signs
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What is LY Cyclically Adjusted PB Ratio?

LY YAHOY +0.32% 85 Cyclically Adjusted PB Ratio is 1.61 as of Aug. 13, 2026, which is 40% below its 10-year median of 2.69. GuruFocus rates YAHOY with a GF Score™ of 85/100 and a GF Value™ of $6.39 (Fairly Valued). The stock has 9 warning signs investors should review. Among 798 Retail - Cyclical companies, LY ranks worse than 57.89% on this metric.

As of today (2026-08-13), LY's current share price is $6.23. LY's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $3.87. LY's Cyclically Adjusted PB Ratio for today is 1.61.

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

YAHOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.69   Max: 6.41
Current: 1.58

During the past years, LY's highest Cyclically Adjusted PB Ratio was 6.41. The lowest was 1.24. And the median was 2.69.

YAHOY's Cyclically Adjusted PB Ratio is ranked worse than
57.89% of 798 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs YAHOY: 1.58

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.

LY's adjusted book value per share data for the three months ended in Jun. 2026 was $5.450. 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 $3.87 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LY  (OTCPK:YAHOY) 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.


LY Cyclically Adjusted PB Ratio Related Terms


LY Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LY'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.

LY Cyclically Adjusted PB Ratio Chart

LY Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.14 1.82 1.62 1.83 1.25

LY 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 1.86 1.63 1.38 1.25 1.37

YAHOY vs AMZN, BABA, PDD: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, LY'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.


LY Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, LY's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


YAHOY
85GF Score
LY Corp YAHOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LY 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.23/3.87
=1.61

* 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.

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

For example, LY'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)
=5.45/113.6000*113.6000
=5.450

Current CPI (Jun. 2026) = 113.6000.

LY Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.970 98.000 3.443
201612 2.717 98.400 3.137
201703 2.896 98.100 3.354
201706 2.909 98.500 3.355
201709 3.009 98.800 3.460
201712 3.062 99.400 3.499
201803 3.356 99.200 3.843
201806 3.164 99.200 3.623
201809 3.132 99.900 3.562
201812 3.173 99.700 3.615
201903 2.896 99.700 3.300
201906 2.819 99.800 3.209
201909 2.926 100.100 3.321
201912 2.976 100.500 3.364
202003 3.009 100.300 3.408
202006 2.939 99.900 3.342
202009 3.093 99.900 3.517
202012 3.346 99.300 3.828
202103 6.498 99.900 7.389
202106 6.376 99.500 7.280
202109 6.453 100.100 7.323
202112 6.311 100.100 7.162
202203 6.042 101.100 6.789
202206 5.360 101.800 5.981
202209 5.128 103.100 5.650
202212 5.743 104.100 6.267
202303 5.801 104.400 6.312
202306 5.529 105.200 5.970
202309 5.400 106.200 5.776
202312 5.615 106.800 5.973
202403 5.405 107.200 5.728
202406 5.198 108.200 5.457
202409 5.764 108.900 6.013
202412 5.468 110.700 5.611
202503 5.646 111.100 5.773
202506 5.796 111.700 5.895
202509 5.748 112.000 5.830
202512 5.554 113.000 5.583
202603 5.511 112.700 5.555
202606 5.450 113.600 5.450

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 1.61 mean?
LY (YAHOY) has a Cyclically Adjusted PB Ratio of 1.61 as of Aug. 13, 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 LY and its competitors. This is 40% below median its historical median of 2.69. Over the past decade, LY's Cyclically Adjusted PB Ratio has ranged from 1.24 to 6.41. According to the industry distribution chart, LY ranks #462 out of 798 companies in the Retail - Cyclical industry, placing it in the top 57.9%.
Is LY's Cyclically Adjusted PB Ratio too high?
LY's current Cyclically Adjusted PB Ratio of 1.61 is 40% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 6.41. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. LY's value of 1.61 is 29.8% above this industry median. Based on the distribution chart, LY ranks #462 out of 798 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, LY has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LY's Cyclically Adjusted PB Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, LY ranks #462 out of 798 companies for Cyclically Adjusted PB Ratio. This places LY in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. LY's value of 1.61 is 29.8% above this benchmark. Historically, LY's own Cyclically Adjusted PB Ratio has ranged from 1.24 to 6.41 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.24, LY 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 a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 798 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. LY's current Cyclically Adjusted PB Ratio of 1.61 is 29.8% 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 LY and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LY's current Cyclically Adjusted PB Ratio is 1.61, which is 40% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LY stock overvalued right now?
Based on GuruFocus' analysis, LY (YAHOY) is currently considered Fairly Valued. The stock's GF Value™ is $6.39, compared to a current price of $6.23 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is 40% below median its 10-year median of 2.69 and 29.8% above the Retail - Cyclical industry median of 1.24. LY's overall GF Score™ is 85/100 with 9 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 LY (YAHOY), the current Cyclically Adjusted PB Ratio is 1.61 as of Aug. 13, 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 LY (YAHOY) Overvalued in 2026?

Based on GuruFocus' analysis, LY stock appears to be undervalued. The current stock price of $6.23 is trading 2.5% below its estimated GF Value™ of $6.39. GuruFocus considers LY to be Fairly Valued.

Key valuation signals for YAHOY:

  • Cyclically Adjusted PB Ratio: 1.61 (40% below median its 10-year median of 2.69)
  • GF Value™: $6.39 vs. price of $6.23 (2.5% below fair value)
  • GF Score™: 85/100 with 9 warning signs
  • Industry Position: 29.8% above the Retail - Cyclical median (#462 of 798)

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


LY Business Description

Address Tokyo Kioicho Kioi Tower, 1-3 Kioicho Chiyoda Ward, Tokyo Garden Terrace, Tokyo, JPN, 102 - 8282
LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan.
85GF Score

Get the complete analysis for YAHOY

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

$6.23
Price
$6.39
GF Value