BWLKF (Boardwalktech Software) Cyclically Adjusted PB Ratio: (As of Sep. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Boardwalktech Software Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boardwalktech Software  (OTCPK:BWLKF) 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.


Boardwalktech Software Cyclically Adjusted PB Ratio Related Terms


Boardwalktech Software Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boardwalktech Software'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.

Boardwalktech Software Cyclically Adjusted PB Ratio Chart

Boardwalktech Software Annual Data
Trend Dec16 Dec17 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
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

Boardwalktech Software 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 0.00 0.00 0.00 0.00 0.00

BWLKF vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Boardwalktech Software'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.


Boardwalktech Software Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Boardwalktech Software's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boardwalktech Software 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.

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

For example, Boardwalktech Software'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)
=-0.064/330.2130*330.2130
=-0.064

Current CPI (Mar. 2026) = 330.2130.

Boardwalktech Software Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 -0.013 241.428 -0.018
201612 -0.014 241.432 -0.019
201703 0.000 243.801 0.000
201706 -0.016 244.955 -0.022
201709 -0.018 246.819 -0.024
201712 -0.018 246.524 -0.024
201803 -0.020 249.554 -0.026
201806 -0.567 251.989 -0.743
201809 -0.718 252.439 -0.939
201812 -0.863 251.233 -1.134
201903 -0.425 254.202 -0.552
201906 -0.473 256.143 -0.610
201909 -0.559 256.759 -0.719
201912 -0.479 256.974 -0.616
202003 -0.314 258.115 -0.402
202006 -0.279 257.797 -0.357
202009 -0.316 260.280 -0.401
202012 -0.268 260.474 -0.340
202103 0.059 264.877 0.074
202106 0.048 271.696 0.058
202109 0.037 274.310 0.045
202112 0.024 278.802 0.028
202203 0.010 287.504 0.011
202206 0.002 296.311 0.002
202209 -0.015 296.808 -0.017
202212 -0.012 296.797 -0.013
202303 -0.020 301.836 -0.022
202306 -0.033 305.109 -0.036
202309 -0.042 307.789 -0.045
202312 -0.018 306.746 -0.019
202403 -0.029 312.332 -0.031
202406 -0.039 314.175 -0.041
202409 -0.048 315.301 -0.050
202412 -0.057 315.605 -0.060
202503 -0.052 319.799 -0.054
202506 -0.057 322.561 -0.058
202509 -0.060 324.800 -0.061
202512 -0.066 324.054 -0.067
202603 -0.064 330.213 -0.064

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.


Boardwalktech Software Business Description

Other Exchanges BWLK:Canada
Address 10050 N. Wolfe Road, Suite No. SW1-276, Cupertino, CA, USA, 95014
Boardwalktech Software Corp designs and sells collaborative enterprise digital ledger data management technology offered as either a cloud-based platform service that runs industry, or customer-specific applications, Boardwalk Application Engine (BAE) or Boardwalk Enterprise Blockchain (BEB) platforms. The company has developed two solutions that run on the core Boardwalk Digital Ledger technology, including Boardwalk Velocity, which is focused on risk management and compliance within the financial services sector, and Unity Central, which is targeted at improving enterprise supply chain visibility and order execution fulfillment metrics. Geographically, the company generates all of its revenue from its operations based in the United States.