CBNT (C-Bond Systems) Cyclically Adjusted PB Ratio: (As of Aug. 25, 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 C-Bond Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


C-Bond Systems  (OTCPK:CBNT) 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.


C-Bond Systems Cyclically Adjusted PB Ratio Related Terms


C-Bond Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for C-Bond Systems'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.

C-Bond Systems Cyclically Adjusted PB Ratio Chart

C-Bond Systems 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 2.20 4.23 1.38 0.60 0.82

C-Bond Systems 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 0.39 0.82 0.82 1.13 2.24

CBNT vs HGAS, CRKN, ILDO: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, C-Bond 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.


C-Bond Systems Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, C-Bond Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



C-Bond Systems 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.

C-Bond Systems's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, C-Bond Systems'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)
=-0.009/315.3010*315.3010
=-0.009

Current CPI (Sep. 2024) = 315.3010.

C-Bond Systems Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.044 234.812 0.059
201503 0.042 236.119 0.056
201506 0.041 238.638 0.054
201509 0.040 237.945 0.053
201512 0.037 236.525 0.049
201603 0.035 238.132 0.046
201606 0.034 241.018 0.044
201609 0.033 241.428 0.043
201612 0.031 241.432 0.040
201703 0.030 243.801 0.039
201706 0.028 244.955 0.036
201709 0.027 246.819 0.034
201712 -0.075 246.524 -0.096
201803 0.021 249.554 0.027
201806 0.003 251.989 0.004
201809 -0.003 252.439 -0.004
201812 -0.010 251.233 -0.013
201903 -0.019 254.202 -0.024
201906 -0.021 256.143 -0.026
201909 -0.018 256.759 -0.022
201912 -0.022 256.974 -0.027
202003 -0.027 258.115 -0.033
202006 -0.025 257.797 -0.031
202009 -0.013 260.280 -0.016
202012 -0.014 260.474 -0.017
202103 -0.017 264.877 -0.020
202106 -0.018 271.696 -0.021
202109 -0.014 274.310 -0.016
202112 -0.015 278.802 -0.017
202203 -0.018 287.504 -0.020
202206 -0.017 296.311 -0.018
202209 -0.019 296.808 -0.020
202212 -0.021 296.797 -0.022
202303 -0.017 301.836 -0.018
202306 -0.006 305.109 -0.006
202309 -0.006 307.789 -0.006
202312 -0.008 306.746 -0.008
202403 -0.008 312.332 -0.008
202406 -0.008 314.175 -0.008
202409 -0.009 315.301 -0.009

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.


C-Bond Systems Business Description

Address 2029 Pat Booker Road, San Antonio, TX, USA, 78148
C-Bond Systems Inc is a nanotechnology company and the sole owner and developer of the patented C-Bond technology. It engaged in the implementation of proprietary nanotechnology applications and processes to enhance the properties of strength, functionality, and sustainability of brittle material systems. It operates in two divisions: C-Bond and Patriot Glass. The company generates maximum revenue from the Patriot Glass Segment. The Patriot Glass Segment is engaged in the distribution and installation of window film solutions. C-Bond segment is engaged in the manufacturing and sale of a windshield strengthening water repellent solution as well as a disinfection product, and other.