BIRMF (Biorem) Cyclically Adjusted PB Ratio: 7.23 (As of Jul. 27, 2026) — 112% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BIRMF Biorem Inc BIRMF
88 GF Score
Price $2.17
GF Value $1.94
Valuation Modestly Overvalued
View Full Analysis

What is Biorem Cyclically Adjusted PB Ratio?

Biorem BIRMF -1.36% 88 Cyclically Adjusted PB Ratio is 7.23 as of Jul. 27, 2026, which is 112% above its 10-year median of 3.41. GuruFocus rates BIRMF with a GF Score™ of 88/100 and a GF Value™ of $1.94 (Modestly Overvalued). Among 2,278 Industrial Products companies, Biorem ranks worse than 86.83% on this metric.

As of today (2026-07-27), Biorem's current share price is $2.17. Biorem's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.30. Biorem's Cyclically Adjusted PB Ratio for today is 7.23.

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

BIRMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 3.41   Max: 10.32
Current: 7.15

During the past years, Biorem's highest Cyclically Adjusted PB Ratio was 10.32. The lowest was 0.58. And the median was 3.41.

BIRMF's Cyclically Adjusted PB Ratio is ranked worse than
86.83% of 2278 companies
in the Industrial Products industry
Industry Median: 2.11 vs BIRMF: 7.15

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.

Biorem's adjusted book value per share data for the three months ended in Mar. 2026 was $0.691. 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 $0.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Biorem  (OTCPK:BIRMF) 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.


Biorem Cyclically Adjusted PB Ratio Related Terms


Biorem Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Biorem'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.

Biorem Cyclically Adjusted PB Ratio Chart

Biorem Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.65 3.87 3.83 9.37 6.79

Biorem Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.48 6.16 5.18 6.79 5.82

BIRMF vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Biorem'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.


Biorem Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


BIRMF
88GF Score
Biorem Inc BIRMF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Biorem 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.

Biorem's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.17/0.30
=7.23

* 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.

Biorem's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Biorem'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)
=0.691/132.2623*132.2623
=0.691

Current CPI (Mar. 2026) = 132.2623.

Biorem Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.110 102.002 0.143
201609 0.109 101.765 0.142
201612 0.116 101.449 0.151
201703 0.255 102.634 0.329
201706 0.273 103.029 0.350
201709 0.129 103.345 0.165
201712 0.148 103.345 0.189
201803 0.146 105.004 0.184
201806 0.151 105.557 0.189
201809 0.156 105.636 0.195
201812 0.248 105.399 0.311
201903 0.239 106.979 0.295
201906 0.255 107.690 0.313
201909 0.272 107.611 0.334
201912 0.230 107.769 0.282
202003 0.230 107.927 0.282
202006 0.241 108.401 0.294
202009 0.249 108.164 0.304
202012 0.273 108.559 0.333
202103 0.274 110.298 0.329
202106 0.287 111.720 0.340
202109 0.700 112.905 0.820
202112 0.099 113.774 0.115
202203 0.100 117.646 0.112
202206 0.113 120.806 0.124
202209 0.168 120.648 0.184
202212 0.215 120.964 0.235
202303 0.191 122.702 0.206
202306 0.185 124.203 0.197
202309 0.212 125.230 0.224
202312 0.319 125.072 0.337
202403 0.347 126.258 0.364
202406 0.367 127.522 0.381
202409 0.465 127.285 0.483
202412 0.462 127.364 0.480
202503 0.462 129.181 0.473
202506 0.500 129.892 0.509
202509 0.551 130.287 0.559
202512 0.671 130.366 0.681
202603 0.691 132.262 0.691

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 7.23 mean?
Biorem (BIRMF) has a Cyclically Adjusted PB Ratio of 7.23 as of Jul. 27, 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 Biorem and its competitors. This is 112% above median its historical median of 3.41. Over the past decade, Biorem's Cyclically Adjusted PB Ratio has ranged from 0.58 to 10.32. According to the industry distribution chart, Biorem ranks #1978 out of 2278 companies in the Industrial Products industry, placing it in the top 86.8%.
Is Biorem's Cyclically Adjusted PB Ratio too high?
Biorem's current Cyclically Adjusted PB Ratio of 7.23 is 112% above median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 10.32. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. Biorem's value of 7.23 is 242.7% above this industry median. Based on the distribution chart, Biorem ranks #1978 out of 2278 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Biorem has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Biorem's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Biorem ranks #1978 out of 2278 companies for Cyclically Adjusted PB Ratio. This places Biorem in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. Biorem's value of 7.23 is 242.7% above this benchmark. Historically, Biorem's own Cyclically Adjusted PB Ratio has ranged from 0.58 to 10.32 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 2.11, Biorem 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 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. Biorem's current Cyclically Adjusted PB Ratio of 7.23 is 242.7% 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 Biorem and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biorem's current Cyclically Adjusted PB Ratio is 7.23, which is 112% above median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biorem stock overvalued right now?
Based on GuruFocus' analysis, Biorem (BIRMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.94, compared to a current price of $2.17 — trading 11.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.23, which is 112% above median its 10-year median of 3.41 and 242.7% above the Industrial Products industry median of 2.11. Biorem's overall GF Score™ is 88/100. 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 Biorem (BIRMF), the current Cyclically Adjusted PB Ratio is 7.23 as of Jul. 27, 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 Biorem (BIRMF) Overvalued in 2026?

Based on GuruFocus' analysis, Biorem stock appears to be overvalued. The current stock price of $2.17 is trading 11.9% above its estimated GF Value™ of $1.94. GuruFocus considers Biorem to be Modestly Overvalued.

Key valuation signals for BIRMF:

  • Cyclically Adjusted PB Ratio: 7.23 (112% above median its 10-year median of 3.41)
  • GF Value™: $1.94 vs. price of $2.17 (11.9% above fair value)
  • GF Score™: 88/100
  • Industry Position: 242.7% above the Industrial Products median (#1978 of 2278)

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


Biorem Business Description

Other Exchanges R6D:GermanyBRM:Canada
Address 7496 Wellington Road 34, RR Number 3, Puslinch, Guelph, ON, CAN, N1H 6H9
Biorem Inc is an environmental biotechnology company. It is involved in the manufacturing of a comprehensive line of high efficiency air pollution control systems that are used to eliminate odorous and harmful contaminants. The company's products include Biofilters, Biogas Solutions, Multi-Stage Systems, Biotrickling filters, and services such as Media Sampling and Analysis, Biological processes and testing, Media replacements and Spare parts, and other related services. The company derives revenues from the sale of standard products, construction projects for specialized products, and services for repairs and maintenance. The group has a business presence in Canada, the United States, China and others, of which key revenue is derived from the United States.
88GF Score

Get the complete analysis for BIRMF

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

$2.17
Price
$1.94
GF Value