CDNAF (Canadian Tire) Cyclically Adjusted PB Ratio: 2.06 (As of Jul. 15, 2026) — Near Median

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CDNAF Canadian Tire Corp Ltd CDNAF
74 GF Score
Price $139.23
GF Value $119.42
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Canadian Tire Cyclically Adjusted PB Ratio?

Canadian Tire CDNAF +2.37% 74 Cyclically Adjusted PB Ratio is 2.06 as of Jul. 15, 2026, which is 6% below its 10-year median of 2.18. GuruFocus rates CDNAF with a GF Score™ of 74/100 and a GF Value™ of $119.42 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 809 Retail - Cyclical companies, Canadian Tire ranks worse than 66.5% on this metric.

As of today (2026-07-15), Canadian Tire's current share price is $139.234. Canadian Tire's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $67.53. Canadian Tire's Cyclically Adjusted PB Ratio for today is 2.06.

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

CDNAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.18   Max: 3.01
Current: 2.03

During the past years, Canadian Tire's highest Cyclically Adjusted PB Ratio was 3.01. The lowest was 1.22. And the median was 2.18.

CDNAF's Cyclically Adjusted PB Ratio is ranked worse than
66.5% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs CDNAF: 2.03

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.

Canadian Tire's adjusted book value per share data for the three months ended in Mar. 2026 was $80.742. 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 $67.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Tire  (OTCPK:CDNAF) 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.


Canadian Tire Cyclically Adjusted PB Ratio Related Terms


Canadian Tire Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Canadian Tire'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.

Canadian Tire Cyclically Adjusted PB Ratio Chart

Canadian Tire 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 2.47 1.76 1.67 1.72 1.88

Canadian Tire 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 1.66 2.04 1.80 1.88 1.98

CDNAF vs CASY, WSM, DKS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Canadian Tire'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.


Canadian Tire Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Canadian Tire's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CDNAF
74GF Score
Canadian Tire Corp Ltd CDNAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Tire 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.

Canadian Tire's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=139.234/67.53
=2.06

* 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.

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

For example, Canadian Tire'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)
=80.742/132.2623*132.2623
=80.742

Current CPI (Mar. 2026) = 132.2623.

Canadian Tire Quarterly Data

Book Value per Share CPI Adj_Book
201606 51.139 102.002 66.310
201609 51.127 101.765 66.449
201612 52.333 101.449 68.229
201703 51.613 102.634 66.513
201706 51.983 103.029 66.733
201709 56.589 103.345 72.424
201712 55.863 103.345 71.494
201803 51.141 105.004 64.417
201806 50.799 105.557 63.651
201809 51.443 105.636 64.410
201812 51.662 105.399 64.829
201903 47.017 106.979 58.129
201906 47.675 107.690 58.553
201909 48.959 107.611 60.174
201912 51.726 107.769 63.482
202003 47.993 107.927 58.814
202006 47.783 108.401 58.301
202009 51.279 108.164 62.703
202012 57.764 108.559 70.376
202103 63.664 110.298 76.342
202106 63.502 111.720 75.178
202109 64.741 112.905 75.841
202112 66.553 113.774 77.368
202203 68.901 117.646 77.462
202206 68.855 120.806 75.385
202209 69.151 120.648 75.808
202212 71.678 120.964 78.373
202303 68.058 122.702 73.361
202306 69.170 124.203 73.658
202309 67.270 125.230 71.047
202312 74.310 125.072 78.582
202403 73.651 126.258 77.154
202406 74.302 127.522 77.064
202409 75.914 127.285 78.883
202412 77.672 127.364 80.659
202503 75.385 129.181 77.183
202506 78.881 129.892 80.320
202509 79.867 130.287 81.078
202512 80.168 130.366 81.334
202603 80.742 132.262 80.742

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 2.06 mean?
Canadian Tire (CDNAF) has a Cyclically Adjusted PB Ratio of 2.06 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 Canadian Tire and its competitors. This is near median its historical median of 2.18. Over the past decade, Canadian Tire's Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.01. According to the industry distribution chart, Canadian Tire ranks #538 out of 809 companies in the Retail - Cyclical industry, placing it in the top 66.5%.
Is Canadian Tire's Cyclically Adjusted PB Ratio too high?
Canadian Tire's current Cyclically Adjusted PB Ratio of 2.06 is near median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 3.01. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Canadian Tire's value of 2.06 is 64.8% above this industry median. Based on the distribution chart, Canadian Tire ranks #538 out of 809 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Canadian Tire has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Tire's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Canadian Tire ranks #538 out of 809 companies for Cyclically Adjusted PB Ratio. This places Canadian Tire in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Canadian Tire's value of 2.06 is 64.8% above this benchmark. Historically, Canadian Tire's own Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.01 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 1.25, Canadian Tire 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 809 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. Canadian Tire's current Cyclically Adjusted PB Ratio of 2.06 is 64.8% 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 Canadian Tire and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Tire's current Cyclically Adjusted PB Ratio is 2.06, which is near median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Tire stock overvalued right now?
Based on GuruFocus' analysis, Canadian Tire (CDNAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $119.42, compared to a current price of $139.23 — trading 16.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.06, which is near median its 10-year median of 2.18 and 64.8% above the Retail - Cyclical industry median of 1.25. Canadian Tire's overall GF Score™ is 74/100 with 7 warning signs 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 Canadian Tire (CDNAF), the current Cyclically Adjusted PB Ratio is 2.06 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 Canadian Tire (CDNAF) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Tire stock appears to be overvalued. The current stock price of $139.23 is trading 16.6% above its estimated GF Value™ of $119.42. GuruFocus considers Canadian Tire to be Modestly Overvalued.

Key valuation signals for CDNAF:

  • Cyclically Adjusted PB Ratio: 2.06 (near median its 10-year median of 2.18)
  • GF Value™: $119.42 vs. price of $139.23 (16.6% above fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 64.8% above the Retail - Cyclical median (#538 of 809)

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


Canadian Tire Business Description

Address 2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8
Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The company operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, and Party City. Its product assortment includes automotive parts, appliances, home improvement items, sporting goods, and apparel. The firm also offers a loyalty program with 12 million members and owns a financial services arm that manages a credit card portfolio for its more than 2 million active users.
74GF Score

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

$139.23
Price
$119.42
GF Value