AAMTF (Armada Mercantile) Cyclically Adjusted PB Ratio: 1.47 (As of Jul. 15, 2026) — 73% Below Median

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AAMTF Armada Mercantile Ltd AAMTF
42 GF Score
Price $0.25
GF Value $0.25
Valuation Fairly Valued
! 1 Warning Sign
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What is Armada Mercantile Cyclically Adjusted PB Ratio?

Armada Mercantile AAMTF 42 Cyclically Adjusted PB Ratio is 1.47 as of Jul. 15, 2026, which is 73% below its 10-year median of 5.54. GuruFocus rates AAMTF with a GF Score™ of 42/100 and a GF Value™ of $0.25 (Fairly Valued). The stock has 1 warning sign investors should review. Among 637 Capital Markets companies, Armada Mercantile ranks better than 56.04% on this metric.

As of today (2026-07-15), Armada Mercantile's current share price is $0.25. Armada Mercantile's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was $0.17. Armada Mercantile's Cyclically Adjusted PB Ratio for today is 1.47.

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

AAMTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 5.54   Max: 70
Current: 1.14

During the past years, Armada Mercantile's highest Cyclically Adjusted PB Ratio was 70.00. The lowest was 0.96. And the median was 5.54.

AAMTF's Cyclically Adjusted PB Ratio is ranked better than
56.04% of 637 companies
in the Capital Markets industry
Industry Median: 1.35 vs AAMTF: 1.14

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.

Armada Mercantile's adjusted book value per share data for the three months ended in Feb. 2026 was $0.055. 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 $0.17 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armada Mercantile  (OTCPK:AAMTF) 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.


Armada Mercantile Cyclically Adjusted PB Ratio Related Terms


Armada Mercantile Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Armada Mercantile'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.

Armada Mercantile Cyclically Adjusted PB Ratio Chart

Armada Mercantile Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 4.49 3.03 2.24 1.38

Armada Mercantile Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 2.24 2.75 2.23 2.09 1.38

AAMTF vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Armada Mercantile'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.


Armada Mercantile Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Armada Mercantile's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AAMTF
42GF Score
Armada Mercantile Ltd AAMTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Armada Mercantile 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.

Armada Mercantile's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.25/0.17
=1.47

* 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.

Armada Mercantile's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Armada Mercantile's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.055/131.0772*131.0772
=0.055

Current CPI (Feb. 2026) = 131.0772.

Armada Mercantile Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.025 101.765 0.032
201608 0.025 101.686 0.032
201611 0.010 101.607 0.013
201702 0.003 102.476 0.004
201705 0.001 103.108 0.001
201708 -0.002 103.108 -0.003
201711 0.007 103.740 0.009
201802 0.009 104.688 0.011
201805 0.010 105.399 0.012
201808 0.007 106.031 0.009
201811 0.004 105.478 0.005
201902 0.008 106.268 0.010
201905 0.006 107.927 0.007
201908 0.001 108.085 0.001
201911 -0.002 107.769 -0.002
202002 -0.003 108.559 -0.004
202005 -0.001 107.532 -0.001
202008 0.001 108.243 0.001
202011 0.002 108.796 0.002
202102 0.240 109.745 0.287
202105 0.236 111.404 0.278
202108 0.227 112.668 0.264
202111 0.229 113.932 0.263
202202 0.227 115.986 0.257
202205 0.226 120.016 0.247
202208 0.228 120.569 0.248
202211 0.225 121.675 0.242
202302 0.228 122.070 0.245
202305 0.226 124.045 0.239
202308 0.227 125.389 0.237
202311 0.225 125.468 0.235
202402 0.226 125.468 0.236
202405 0.227 127.601 0.233
202408 0.227 127.838 0.233
202411 0.223 127.838 0.229
202502 0.054 128.786 0.055
202505 0.055 129.813 0.056
202508 0.055 130.208 0.055
202511 0.054 130.682 0.054
202602 0.055 131.077 0.055

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.

What does a Cyclically Adjusted PB Ratio of 1.47 mean?
Armada Mercantile (AAMTF) has a Cyclically Adjusted PB Ratio of 1.47 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Armada Mercantile and its competitors. This is 73% below median its historical median of 5.54. Over the past decade, Armada Mercantile's Cyclically Adjusted PB Ratio has ranged from 0.96 to 70.00. According to the industry distribution chart, Armada Mercantile ranks #280 out of 637 companies in the Capital Markets industry, placing it in the top 44%.
Is Armada Mercantile's Cyclically Adjusted PB Ratio too high?
Armada Mercantile's current Cyclically Adjusted PB Ratio of 1.47 is 73% below median its 10-year median of 5.54. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 70.00. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.35. Armada Mercantile's value of 1.47 is 8.9% above this industry median. Based on the distribution chart, Armada Mercantile ranks #280 out of 637 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Armada Mercantile has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Armada Mercantile's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Armada Mercantile ranks #280 out of 637 companies for Cyclically Adjusted PB Ratio. This puts Armada Mercantile in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.35. Armada Mercantile's value of 1.47 is 8.9% above this benchmark. Historically, Armada Mercantile's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 70.00 over the past decade. While the company's 10-year median is 5.54 vs. the industry median of 1.35, Armada Mercantile has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.35, based on 637 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Armada Mercantile's current Cyclically Adjusted PB Ratio of 1.47 is 8.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Armada Mercantile and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armada Mercantile's current Cyclically Adjusted PB Ratio is 1.47, which is 73% below median its own 10-year median of 5.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armada Mercantile stock overvalued right now?
Based on GuruFocus' analysis, Armada Mercantile (AAMTF) is currently considered Fairly Valued. The stock's GF Value™ is $0.25, compared to a current price of $0.25 — trading right at its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.47, which is 73% below median its 10-year median of 5.54 and 8.9% above the Capital Markets industry median of 1.35. Armada Mercantile's overall GF Score™ is 42/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Armada Mercantile (AAMTF), the current Cyclically Adjusted PB Ratio is 1.47 as of Jul. 15, 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 Armada Mercantile (AAMTF) Overvalued in 2026?

Based on GuruFocus' analysis, Armada Mercantile stock appears to be undervalued. The current stock price of $0.25 is trading 0% below its estimated GF Value™ of $0.25. GuruFocus considers Armada Mercantile to be Fairly Valued.

Key valuation signals for AAMTF:

  • Cyclically Adjusted PB Ratio: 1.47 (73% below median its 10-year median of 5.54)
  • GF Value™: $0.25 vs. price of $0.25 (0% below fair value)
  • GF Score™: 42/100 with 1 warning sign
  • Industry Position: 8.9% above the Capital Markets median (#280 of 637)

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


Armada Mercantile Business Description

Other Exchanges ARM:Canada
Address 1616 West 3rd Avenue, Suite 100, Vancouver, BC, CAN, V6J 1K2
Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order, and other types of specialized finance.
42GF Score

Get the complete analysis for AAMTF

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

$0.25
Price
$0.25
GF Value