AATGF (ATI Airtest Technologies) Cyclically Adjusted PB Ratio: (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is ATI Airtest Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ATI Airtest Technologies  (OTCPK:AATGF) 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.


ATI Airtest Technologies Cyclically Adjusted PB Ratio Related Terms


ATI Airtest Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ATI Airtest Technologies'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.

ATI Airtest Technologies Cyclically Adjusted PB Ratio Chart

ATI Airtest Technologies 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 0.00 0.00 0.00 0.00 0.00

ATI Airtest Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.00 0.00 0.00 0.00 0.00

AATGF vs ETN, PH, ITW: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, ATI Airtest Technologies'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.


ATI Airtest Technologies Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ATI Airtest Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ATI Airtest Technologies's Cyclically Adjusted PB Ratio falls into.



ATI Airtest Technologies 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.

ATI Airtest Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, ATI Airtest Technologies's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.057/127.2847*127.2847
=-0.057

Current CPI (Sep. 2024) = 127.2847.

ATI Airtest Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201412 -0.453 98.367 -0.586
201503 -0.294 99.789 -0.375
201506 -0.307 100.500 -0.389
201509 -0.300 100.421 -0.380
201512 -0.321 99.947 -0.409
201603 -0.344 101.054 -0.433
201606 -0.359 102.002 -0.448
201609 -0.369 101.765 -0.462
201612 -0.401 101.449 -0.503
201703 -0.409 102.634 -0.507
201706 -0.412 103.029 -0.509
201709 -0.457 103.345 -0.563
201712 -0.489 103.345 -0.602
201803 -0.509 105.004 -0.617
201806 -0.514 105.557 -0.620
201809 -0.532 105.636 -0.641
201812 -0.568 105.399 -0.686
201903 -0.383 106.979 -0.456
201906 -0.387 107.690 -0.457
201909 -0.396 107.611 -0.468
201912 -0.405 107.769 -0.478
202003 -0.393 107.927 -0.463
202006 -0.415 108.401 -0.487
202009 -0.273 108.164 -0.321
202012 -0.354 108.559 -0.415
202103 -0.358 110.298 -0.413
202106 -0.328 111.720 -0.374
202109 -0.278 112.905 -0.313
202112 -0.209 113.774 -0.234
202203 -0.148 117.646 -0.160
202206 -0.135 120.806 -0.142
202209 -0.138 120.648 -0.146
202212 -0.114 120.964 -0.120
202303 -0.068 122.702 -0.071
202306 -0.071 124.203 -0.073
202309 -0.072 125.230 -0.073
202312 -0.089 125.072 -0.091
202403 -0.058 126.258 -0.058
202406 -0.057 127.522 -0.057
202409 -0.057 127.285 -0.057

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.


ATI Airtest Technologies Business Description

Address 1520 Cliveden Avenue, Unit 9, Delta, BC, CAN, V3M 6J8
ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration.