CURLD (Curaleaf Holdings) Cyclically Adjusted Book per Share: $12.13 (As of Mar. 2026)


CURLD Curaleaf Holdings Inc CURLD
67 GF Score
Price $9.33
GF Value $8.11
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Curaleaf Holdings Cyclically Adjusted Book per Share?

Curaleaf Holdings CURLD -1.48% 67 Cyclically Adjusted Book per Share is $12.13 as of Mar. 2026. GuruFocus rates CURLD with a GF Score™ of 67/100 and a GF Value™ of $8.11 (Modestly Overvalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Curaleaf Holdings's adjusted book value per share for the three months ended in Mar. 2026 was $3.152. 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 $12.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Curaleaf Holdings's average Cyclically Adjusted Book Growth Rate was 5.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-06-24), Curaleaf Holdings's current stock price is $9.33. Curaleaf Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $12.13. Curaleaf Holdings's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Curaleaf Holdings was 0.95. The lowest was 0.20. And the median was 0.58.


Curaleaf Holdings  (OTCPK:CURLD) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Curaleaf Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.33/12.13
=0.77

* 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.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Curaleaf Holdings was 0.95. The lowest was 0.20. And the median was 0.58.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Curaleaf Holdings Cyclically Adjusted Book per Share Related Terms


Curaleaf Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Curaleaf Holdings's Cyclically Adjusted Book per Share 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.

Curaleaf Holdings Cyclically Adjusted Book per Share Chart

Curaleaf Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 11.25 12.27

Curaleaf Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 11.00 11.97 12.06 12.27 12.13

CURLD vs ZTS: Cyclically Adjusted Book per Share Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Curaleaf Holdings'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.


Curaleaf Holdings Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Curaleaf Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CURLD
67GF Score
Curaleaf Holdings Inc CURLD
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Curaleaf Holdings Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Curaleaf Holdings'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)
=3.152/330.2130*330.2130
=3.152

Current CPI (Mar. 2026) = 330.2130.

Curaleaf Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.270 241.018 0.370
201609 0.160 241.428 0.219
201612 0.094 241.432 0.129
201703 0.049 243.801 0.066
201706 0.010 244.955 0.013
201709 -0.018 246.819 -0.024
201712 272.336 246.524 364.788
201803 0.132 249.554 0.175
201806 0.036 251.989 0.047
201809 0.643 252.439 0.841
201812 2.891 251.233 3.800
201903 2.830 254.202 3.676
201906 2.815 256.143 3.629
201909 2.764 256.759 3.555
201912 2.608 256.974 3.351
202003 3.815 258.115 4.881
202006 3.829 257.797 4.905
202009 6.313 260.280 8.009
202012 6.243 260.474 7.914
202103 7.022 264.877 8.754
202106 7.703 271.696 9.362
202109 7.443 274.310 8.960
202112 7.415 278.802 8.782
202203 6.412 287.504 7.365
202206 6.309 296.311 7.031
202209 6.960 296.808 7.743
202212 5.351 296.797 5.953
202303 5.144 301.836 5.628
202306 4.885 305.109 5.287
202309 4.513 307.789 4.842
202312 4.296 306.746 4.625
202403 4.139 312.332 4.376
202406 4.012 314.175 4.217
202409 3.868 315.301 4.051
202412 3.445 315.605 3.604
202503 3.228 319.799 3.333
202506 3.419 322.561 3.500
202509 3.189 324.800 3.242
202512 2.937 324.054 2.993
202603 3.152 330.213 3.152

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $12.13 mean?
Curaleaf Holdings (CURLD) has a Cyclically Adjusted Book per Share of $12.13 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Curaleaf Holdings and its competitors.
Is Curaleaf Holdings' Cyclically Adjusted Book per Share too high?
Curaleaf Holdings' current Cyclically Adjusted Book per Share is $12.13. Overall, Curaleaf Holdings has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Curaleaf Holdings' Cyclically Adjusted Book per Share compare to ZTS?
Curaleaf Holdings' Cyclically Adjusted Book per Share of $12.13 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Drug Manufacturers company?
A good Cyclically Adjusted Book per Share depends on the Drug Manufacturers industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Curaleaf Holdings and its competitors. Curaleaf Holdings's current Cyclically Adjusted Book per Share is $12.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Curaleaf Holdings stock overvalued right now?
Based on GuruFocus' analysis, Curaleaf Holdings (CURLD) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.11, compared to a current price of $9.33 — trading 15% above its estimated fair value. The current Cyclically Adjusted Book per Share is $12.13. Curaleaf Holdings' overall GF Score™ is 67/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Curaleaf Holdings (CURLD), the current Cyclically Adjusted Book per Share is $12.13 as of Mar. 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 Curaleaf Holdings (CURLD) Overvalued in 2026?

Based on GuruFocus' analysis, Curaleaf Holdings stock appears to be overvalued. The current stock price of $9.33 is trading 15% above its estimated GF Value™ of $8.11. GuruFocus considers Curaleaf Holdings to be Modestly Overvalued.

Key valuation signals for CURLD:

  • Cyclically Adjusted Book per Share: $12.13
  • GF Value™: $8.11 vs. price of $9.33 (15% above fair value)
  • GF Score™: 67/100 with 5 warning signs

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


Curaleaf Holdings Business Description

Other Exchanges 2XW:GermanyCURA:Canada
Address 290 Harbor Drive, Stamford, CT, USA, 06902
Curaleaf is headquartered in Wakefield, Massachusetts, and cultivates and sells medicinal and recreational cannabis in the US. The company has operations in 17 states. Its brands include Curaleaf, Select, and Grassroots. The company has made acquisitions that give it exposure to the growing European market, a unique feature among US multistate operators.
67GF Score

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

$9.33
Price
$8.11
GF Value