Gatekeeper Systems (TSXV:GSI) Cyclically Adjusted Book per Share: C$0.16 (As of May. 2026)

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TSXV:GSI Gatekeeper Systems Inc TSXV:GSI
64 GF Score
Price C$1.84
GF Value C$0.70
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Gatekeeper Systems Cyclically Adjusted Book per Share?

Gatekeeper Systems TSXV:GSI +8.88% 64 Cyclically Adjusted Book per Share is C$0.16 as of May. 2026. GuruFocus rates TSXV:GSI with a GF Score™ of 64/100 and a GF Value™ of C$0.70 (Significantly Overvalued). 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.

Gatekeeper Systems's adjusted book value per share for the three months ended in May. 2026 was C$0.363. 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$0.16 for the trailing ten years ended in May. 2026.

During the past 12 months, Gatekeeper Systems's average Cyclically Adjusted Book Growth Rate was 23.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.60% 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 Gatekeeper Systems was 17.60% per year. The lowest was 16.30% per year. And the median was 16.95% per year.

As of today (2026-08-08), Gatekeeper Systems's current stock price is C$1.84. Gatekeeper Systems's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was C$0.16. Gatekeeper Systems's Cyclically Adjusted PB Ratio of today is 11.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gatekeeper Systems was 21.85. The lowest was 2.44. And the median was 5.91.


Gatekeeper Systems  (TSXV:GSI) 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.

Gatekeeper Systems's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.84/0.16
=11.50

* 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 Gatekeeper Systems was 21.85. The lowest was 2.44. And the median was 5.91.


Be Aware

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


Gatekeeper Systems Cyclically Adjusted Book per Share Related Terms


Gatekeeper Systems Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Gatekeeper Systems'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.

Gatekeeper Systems Cyclically Adjusted Book per Share Chart

Gatekeeper Systems Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.08 0.09 0.11 0.13

Gatekeeper Systems Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.13 0.13 0.14 0.15 0.16

TSXV:GSI vs ALLE, MSA, ADT: Cyclically Adjusted Book per Share Comparison

For the Security & Protection Services subindustry, Gatekeeper Systems'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.


Gatekeeper Systems Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Gatekeeper Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:GSI
64GF Score
Gatekeeper Systems Inc TSXV:GSI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gatekeeper Systems 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, Gatekeeper Systems's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book= Book Value per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.363/134.0005*134.0005
=0.363

Current CPI (May. 2026) = 134.0005.

Gatekeeper Systems Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.055 101.686 0.072
201611 0.052 101.607 0.069
201702 0.051 102.476 0.067
201705 0.090 103.108 0.117
201708 0.092 103.108 0.120
201711 0.090 103.740 0.116
201802 0.084 104.688 0.108
201805 0.084 105.399 0.107
201808 0.080 106.031 0.101
201811 0.073 105.478 0.093
201902 0.068 106.268 0.086
201905 0.075 107.927 0.093
201908 0.079 108.085 0.098
201911 0.079 107.769 0.098
202002 0.080 108.559 0.099
202005 0.096 107.532 0.120
202008 0.121 108.243 0.150
202011 0.124 108.796 0.153
202102 0.121 109.745 0.148
202105 0.120 111.404 0.144
202108 0.111 112.668 0.132
202111 0.125 113.932 0.147
202202 0.121 115.986 0.140
202205 0.119 120.016 0.133
202208 0.137 120.569 0.152
202211 0.136 121.675 0.150
202302 0.157 122.070 0.172
202305 0.163 124.045 0.176
202308 0.171 125.389 0.183
202311 0.197 125.468 0.210
202402 0.212 125.468 0.226
202405 0.206 127.601 0.216
202408 0.194 127.838 0.203
202411 0.200 127.838 0.210
202502 0.190 128.786 0.198
202505 0.186 129.813 0.192
202508 0.251 130.208 0.258
202511 0.343 130.682 0.352
202602 0.350 131.077 0.358
202605 0.363 134.001 0.363

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$0.16 mean?
Gatekeeper Systems (TSXV:GSI) has a Cyclically Adjusted Book per Share of C$0.16 as of May. 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 Gatekeeper Systems and its competitors.
Is Gatekeeper Systems' Cyclically Adjusted Book per Share too high?
Gatekeeper Systems' current Cyclically Adjusted Book per Share is C$0.16. Overall, Gatekeeper Systems has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gatekeeper Systems' Cyclically Adjusted Book per Share compare to ALLE and MSA?
Gatekeeper Systems' Cyclically Adjusted Book per Share of C$0.16 can be compared against companies in the Business Services 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 Business Services company?
A good Cyclically Adjusted Book per Share depends on the Business Services 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 Gatekeeper Systems and its competitors. Gatekeeper Systems's current Cyclically Adjusted Book per Share is C$0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gatekeeper Systems stock overvalued right now?
Based on GuruFocus' analysis, Gatekeeper Systems (TSXV:GSI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.70, compared to a current price of C$1.84 — trading 162.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is C$0.16. Gatekeeper Systems' overall GF Score™ is 64/100 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 Gatekeeper Systems (TSXV:GSI), the current Cyclically Adjusted Book per Share is C$0.16 as of May. 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 Gatekeeper Systems (TSXV:GSI) Overvalued in 2026?

Based on GuruFocus' analysis, Gatekeeper Systems stock appears to be overvalued. The current stock price of C$1.84 is trading 162.9% above its estimated GF Value™ of C$0.70. GuruFocus considers Gatekeeper Systems to be Significantly Overvalued.

Key valuation signals for TSXV:GSI:

  • Cyclically Adjusted Book per Share: C$0.16
  • GF Value™: C$0.70 vs. price of C$1.84 (162.9% above fair value)
  • GF Score™: 64/100 with 2 warning signs

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


Gatekeeper Systems Business Description

Other Exchanges GKPRF:USA1GK:Germany
Address 31127 Wheel Avenue, Suite 301, Abbotsford, BC, CAN, V2T 6H1
Gatekeeper Systems Inc specializes in the design, manufacturing, and marketing of video security solutions for mobile and extreme environments and is a provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel across multiple transportation modes. The Company operates in a single segment in which it develops, manufactures, markets, and sells high-resolution mobile surveillance camera systems, with performance evaluated regularly by the President and Chief Executive Officer as the chief operating decision maker. Revenue is generated from two regions, Canada and the United States, with the majority of revenue coming from Canada.
64GF Score

Get the complete analysis for TSXV:GSI

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

C$1.84
Price
C$0.70
GF Value