CGEAF (Cogeco Communications) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

CGEAF Cogeco Communications Inc CGEAF
74 GF Score
Price $42.03
GF Value $44.24
Valuation Fairly Valued
! 7 Warning Signs
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What is Cogeco Communications Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogeco Communications  (OTCPK:CGEAF) 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.


Cogeco Communications Cyclically Adjusted PB Ratio Related Terms


Cogeco Communications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cogeco Communications'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.

Cogeco Communications Cyclically Adjusted PB Ratio Chart

Cogeco Communications Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.69 1.66 1.12 1.03 0.93

Cogeco Communications Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.03 0.95 0.92 1.04 0.91

CGEAF vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Cogeco Communications'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.


Cogeco Communications Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogeco Communications's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CGEAF
74GF Score
Cogeco Communications Inc CGEAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cogeco Communications 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.

Cogeco Communications's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Cogeco Communications's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=34.55/134.0005*134.0005
=34.550

Current CPI (May. 2026) = 134.0005.

Cogeco Communications Quarterly Data

Book Value per Share CPI Adj_Book
201608 23.217 101.686 30.595
201611 21.766 101.607 28.705
201702 23.015 102.476 30.095
201705 23.458 103.108 30.486
201708 25.886 103.108 33.642
201711 26.112 103.740 33.729
201802 34.725 104.688 44.448
201805 35.118 105.399 44.648
201808 36.294 106.031 45.868
201811 36.589 105.478 46.483
201902 37.421 106.268 47.187
201905 38.173 107.927 47.395
201908 39.139 108.085 48.523
201911 40.122 107.769 49.888
202002 40.388 108.559 49.853
202005 40.188 107.532 50.080
202008 42.479 108.243 52.587
202011 43.828 108.796 53.981
202102 45.620 109.745 55.703
202105 47.590 111.404 57.243
202108 47.587 112.668 56.597
202111 48.327 113.932 56.839
202202 50.773 115.986 58.659
202205 52.464 120.016 58.577
202208 53.402 120.569 59.351
202211 54.097 121.675 59.577
202302 55.319 122.070 60.726
202305 56.166 124.045 60.674
202308 57.340 125.389 61.278
202311 57.856 125.468 61.791
202402 59.816 125.468 63.884
202405 60.341 127.601 63.367
202408 61.056 127.838 63.999
202411 61.455 127.838 64.418
202502 61.298 128.786 63.780
202505 62.966 129.813 64.997
202508 63.715 130.208 65.571
202511 64.285 130.682 65.917
202602 65.416 131.077 66.875
202605 34.550 134.001 34.550

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.

Is Cogeco Communications (CGEAF) Overvalued in 2026?

Based on GuruFocus' analysis, Cogeco Communications stock appears to be undervalued. The current stock price of $42.03 is trading 5% below its estimated GF Value™ of $44.24. GuruFocus considers Cogeco Communications to be Fairly Valued.

Key valuation signals for CGEAF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $44.24 vs. price of $42.03 (5% below fair value)
  • GF Score™: 74/100 with 7 warning signs

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


Cogeco Communications Business Description

Other Exchanges COG:GermanyCCA:Canada
Address 1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3
Cogeco Communications is a telecom service provider in Canada and the US, specifically in rural and suburban geographies. It offers wireline services such as broadband internet, TV, and landline phone services. In Canada, the firm operates under its Cogeco Connexion and Oxio brands, reaching roughly 2.1 million homes and businesses throughout Ontario and Quebec. In the US, Cogeco operates under its Breezeline brand throughout the East Coast, Pennsylvania, and Ohio, reaching 1.8 million homes and businesses. Cogeco is expanding its offerings to include consumer wireless services, operating as a mobile virtual network operator.
74GF Score

Get the complete analysis for CGEAF

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

$42.03
Price
$44.24
GF Value