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LSL Property Services (LSE:LSL) Cyclically Adjusted PB Ratio : 2.12 (As of Jun. 01, 2024)


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What is LSL Property Services Cyclically Adjusted PB Ratio?

As of today (2024-06-01), LSL Property Services's current share price is £3.20. LSL Property Services's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was £1.51. LSL Property Services's Cyclically Adjusted PB Ratio for today is 2.12.

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

LSE:LSL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.89   Max: 9.8
Current: 2.11

During the past 13 years, LSL Property Services's highest Cyclically Adjusted PB Ratio was 9.80. The lowest was 1.38. And the median was 2.89.

LSE:LSL's Cyclically Adjusted PB Ratio is ranked worse than
85.53% of 1368 companies
in the Real Estate industry
Industry Median: 0.7 vs LSE:LSL: 2.11

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.

LSL Property Services's adjusted book value per share data of for the fiscal year that ended in Dec23 was £0.733. 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 £1.51 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


LSL Property Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LSL Property Services'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.

LSL Property Services Cyclically Adjusted PB Ratio Chart

LSL Property Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.51 2.48 3.04 1.67 1.71

LSL Property Services Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 3.04 - 1.67 - 1.71

Competitive Comparison of LSL Property Services's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, LSL Property Services'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.


LSL Property Services's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, LSL Property Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



LSL Property Services 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.

LSL Property Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.20/1.51
=2.12

* 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.

LSL Property Services's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, LSL Property Services's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.733/130.5000*130.5000
=0.733

Current CPI (Dec23) = 130.5000.

LSL Property Services Annual Data

Book Value per Share CPI Adj_Book
201412 0.797 99.900 1.041
201512 1.029 100.400 1.337
201612 1.234 102.200 1.576
201712 1.425 105.000 1.771
201812 1.369 107.100 1.668
201912 1.356 108.500 1.631
202012 1.500 109.400 1.789
202112 2.015 114.700 2.293
202212 1.208 125.300 1.258
202312 0.733 130.500 0.733

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.


LSL Property Services  (LSE:LSL) 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.


LSL Property Services Cyclically Adjusted PB Ratio Related Terms

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


LSL Property Services (LSE:LSL) Business Description

Traded in Other Exchanges
Address
Newcastle House, Albany Court, Newcastle Business Park, Newcastle upon Tyne, GBR, NE4 7YB
LSL Property Services PLC provides residential property services to consumers. The Estate Agency and Related Services segment provides services related to the sale and letting of residential properties, Financial Services segment reflects the Financial Services income generated from the Estate Agency segment. The Surveying and Valuation Services segment provides valuations and professional survey services for residential properties. Some of the company offerings include residential sales, lettings, surveying, conveyancing and advice on mortgages and non-investment insurance products. Geographically all the business is operated in the UK and it derives the majority of its revenue from the Estate Agency and Related segment.

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