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LPP (FRA:1RY) Cyclically Adjusted PB Ratio : 9.22 (As of Jun. 04, 2024)


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What is LPP Cyclically Adjusted PB Ratio?

As of today (2024-06-04), LPP's current share price is €3988.00. LPP's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €432.41. LPP's Cyclically Adjusted PB Ratio for today is 9.22.

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

FRA:1RY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.86   Med: 8.19   Max: 14.35
Current: 9.05

During the past years, LPP's highest Cyclically Adjusted PB Ratio was 14.35. The lowest was 4.86. And the median was 8.19.

FRA:1RY's Cyclically Adjusted PB Ratio is ranked worse than
93.84% of 763 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.08 vs FRA:1RY: 9.05

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.

LPP's adjusted book value per share data for the three months ended in Jan. 2024 was €597.867. 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 €432.41 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LPP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LPP'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.

* Premium members only.

LPP Cyclically Adjusted PB Ratio Chart

LPP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Jan20 Jan21 Jan22 Jan23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.10 8.60 6.84 11.68 5.86

LPP Quarterly Data
Mar19 Jun19 Sep19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 5.86 6.63 7.53 7.29 8.12

Competitive Comparison of LPP's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, LPP'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.


LPP's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, LPP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



LPP 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3988.00/432.41
=9.22

* 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.

LPP's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, LPP's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=597.867/148.3109*148.3109
=597.867

Current CPI (Jan. 2024) = 148.3109.

LPP Quarterly Data

Book Value per Share CPI Adj_Book
201403 192.530 101.262 281.985
201406 190.828 101.180 279.717
201409 198.913 100.611 293.220
201412 212.327 100.122 314.520
201503 212.608 100.041 315.193
201506 224.037 100.448 330.790
201509 225.894 99.634 336.257
201512 245.381 99.471 365.863
201603 240.363 98.983 360.149
201606 253.198 99.552 377.209
201609 247.283 99.064 370.213
201612 275.949 100.366 407.769
201703 260.658 101.018 382.690
201706 266.721 101.180 390.962
201709 280.310 101.343 410.221
201712 313.594 102.564 453.467
201803 300.370 102.564 434.344
201806 321.417 103.378 461.119
201809 327.930 103.378 470.463
201812 367.101 103.785 524.594
201903 357.368 104.274 508.294
201906 369.246 105.983 516.717
201909 377.010 105.983 527.582
202001 416.562 108.099 571.518
202004 369.028 108.995 502.143
202007 353.756 109.158 480.644
202010 384.040 109.402 520.626
202101 389.764 110.948 521.020
202104 394.177 113.553 514.832
202107 353.797 114.449 458.477
202110 441.712 116.891 560.445
202201 492.923 121.368 602.351
202204 460.467 127.554 535.399
202207 431.316 132.357 483.307
202210 479.493 137.973 515.420
202301 505.827 142.613 526.037
202304 516.856 147.009 521.435
202307 466.071 146.683 471.243
202310 540.714 146.520 547.323
202401 597.867 148.311 597.867

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.


LPP  (FRA:1RY) 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.


LPP Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of LPP's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


LPP (FRA:1RY) Business Description

Traded in Other Exchanges
Address
ul. Lakowa 39/44, Gdansk, POL, 80-769
LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.

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