Burcon NutraScience (TSX:BU) Cyclically Adjusted Book per Share: C$1.98 (As of Mar. 2026)


TSX:BU Burcon NutraScience Corp TSX:BU
49 GF Score
Price C$1.90
GF Value C$9.97
Valuation Possible Value Trap
! 2 Warning Signs
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What is Burcon NutraScience Cyclically Adjusted Book per Share?

Burcon NutraScience TSX:BU +1.60% 49 Cyclically Adjusted Book per Share is C$1.98 as of Mar. 2026. GuruFocus rates TSX:BU with a GF Score™ of 49/100 and a GF Value™ of C$9.97 (Possible Value Trap). The stock has 2 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.

Burcon NutraScience's adjusted book value per share for the three months ended in Mar. 2026 was C$-0.457. 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 C$1.98 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Burcon NutraScience's average Cyclically Adjusted Book Growth Rate was -7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -6.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -4.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Burcon NutraScience was 2.10% per year. The lowest was -9.00% per year. And the median was -2.70% per year.

As of today (2026-07-01), Burcon NutraScience's current stock price is C$1.90. Burcon NutraScience's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$1.98. Burcon NutraScience's Cyclically Adjusted PB Ratio of today is 0.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Burcon NutraScience was 39.49. The lowest was 0.59. And the median was 2.50.


Burcon NutraScience  (TSX:BU) 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.

Burcon NutraScience's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.90/1.98
=0.96

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Burcon NutraScience was 39.49. The lowest was 0.59. And the median was 2.50.


Be Aware

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


Burcon NutraScience Cyclically Adjusted Book per Share Related Terms


Burcon NutraScience Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Burcon NutraScience'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.

Burcon NutraScience Cyclically Adjusted Book per Share Chart

Burcon NutraScience Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.48 2.43 2.31 2.15 1.98

Burcon NutraScience 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 2.15 2.10 2.05 2.00 1.98

TSX:BU vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Burcon NutraScience'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.


Burcon NutraScience Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Burcon NutraScience's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:BU
49GF Score
Burcon NutraScience Corp TSX:BU
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Burcon NutraScience 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, Burcon NutraScience'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)
=-0.457/132.2623*132.2623
=-0.457

Current CPI (Mar. 2026) = 132.2623.

Burcon NutraScience Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.737 102.002 0.956
201609 0.383 101.765 0.498
201612 1.414 101.449 1.843
201703 1.081 102.634 1.393
201706 0.739 103.029 0.949
201709 0.437 103.345 0.559
201712 0.067 103.345 0.086
201803 0.542 105.004 0.683
201806 0.309 105.557 0.387
201809 0.069 105.636 0.086
201812 -0.184 105.399 -0.231
201903 -0.458 106.979 -0.566
201906 2.280 107.690 2.800
201909 2.154 107.611 2.647
201912 2.528 107.769 3.103
202003 3.920 107.927 4.804
202006 3.781 108.401 4.613
202009 5.306 108.164 6.488
202012 5.388 108.559 6.564
202103 5.533 110.298 6.635
202106 5.118 111.720 6.059
202109 5.009 112.905 5.868
202112 4.843 113.774 5.630
202203 4.297 117.646 4.831
202206 3.730 120.806 4.084
202209 3.280 120.648 3.596
202212 0.868 120.964 0.949
202303 0.597 122.702 0.644
202306 0.789 124.203 0.840
202309 0.619 125.230 0.654
202312 0.379 125.072 0.401
202403 0.600 126.258 0.629
202406 0.406 127.522 0.421
202409 0.192 127.285 0.200
202412 -0.010 127.364 -0.010
202503 0.547 129.181 0.560
202506 0.283 129.892 0.288
202509 0.010 130.287 0.010
202512 -0.196 130.366 -0.199
202603 -0.457 132.262 -0.457

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 C$1.98 mean?
Burcon NutraScience (TSX:BU) has a Cyclically Adjusted Book per Share of C$1.98 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 Burcon NutraScience and its competitors.
Is Burcon NutraScience's Cyclically Adjusted Book per Share too high?
Burcon NutraScience's current Cyclically Adjusted Book per Share is C$1.98. Overall, Burcon NutraScience has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Burcon NutraScience's Cyclically Adjusted Book per Share compare to KHC and GIS?
Burcon NutraScience's Cyclically Adjusted Book per Share of C$1.98 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods 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 Burcon NutraScience and its competitors. Burcon NutraScience's current Cyclically Adjusted Book per Share is C$1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burcon NutraScience stock overvalued right now?
Based on GuruFocus' analysis, Burcon NutraScience (TSX:BU) is currently considered Possible Value Trap. The stock's GF Value™ is C$9.97, compared to a current price of C$1.90 — trading 80.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is C$1.98. Burcon NutraScience's overall GF Score™ is 49/100 with 2 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 Burcon NutraScience (TSX:BU), the current Cyclically Adjusted Book per Share is C$1.98 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 Burcon NutraScience (TSX:BU) Overvalued in 2026?

Based on GuruFocus' analysis, Burcon NutraScience stock appears to be undervalued. The current stock price of C$1.90 is trading 80.9% below its estimated GF Value™ of C$9.97. GuruFocus considers Burcon NutraScience to be Possible Value Trap.

Key valuation signals for TSX:BU:

  • Cyclically Adjusted Book per Share: C$1.98
  • GF Value™: C$9.97 vs. price of C$1.90 (80.9% below fair value)
  • GF Score™: 49/100 with 2 warning signs

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


Burcon NutraScience Business Description

Other Exchanges BRCNF:USABNE0:Germany
Address 1946 West Broadway, Vancouver, BC, CAN, V6J 1Z2
Burcon NutraScience Corp is a technology company in the development of plant-based proteins. With several issued patent applications, that have been developed, Burcon has grown a portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed, and more. Its joint venture Merit Foods is building a protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients.
49GF Score

Get the complete analysis for TSX:BU

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

C$1.90
Price
C$9.97
GF Value