CGECF (Cogeco) Cyclically Adjusted PB Ratio: 0.86 (As of Sep. 15, 2026) — 56% Below Median

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CGECF Cogeco Inc CGECF
70 GF Score
Price $39.59
GF Value $46.91
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Cogeco Cyclically Adjusted PB Ratio?

Cogeco CGECF 70 Cyclically Adjusted PB Ratio is 0.86 as of Sep. 15, 2026, which is 56% below its 10-year median of 1.94. GuruFocus rates CGECF with a GF Score™ of 70/100 and a GF Value™ of $46.91 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 288 Telecommunication Services companies, Cogeco ranks better than 75% on this metric.

As of today (2026-09-15), Cogeco's current share price is $39.59. Cogeco's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was $46.13. Cogeco's Cyclically Adjusted PB Ratio for today is 0.86.

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

CGECF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.94   Max: 3.28
Current: 0.83

During the past years, Cogeco's highest Cyclically Adjusted PB Ratio was 3.28. The lowest was 0.83. And the median was 1.94.

CGECF's Cyclically Adjusted PB Ratio is ranked better than
75% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.74 vs CGECF: 0.83

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.

Cogeco's adjusted book value per share data for the three months ended in May. 2026 was $145.492. 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 $46.13 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogeco  (OTCPK:CGECF) 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 Cyclically Adjusted PB Ratio Related Terms


Cogeco Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cogeco'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 Cyclically Adjusted PB Ratio Chart

Cogeco 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 0.69 0.43 0.27 0.27 0.26

Cogeco 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 0.30 0.26 0.27 0.31 0.26

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

For the Telecom Services subindustry, Cogeco'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 Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


CGECF
70GF Score
Cogeco Inc CGECF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cogeco 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's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.59/46.13
=0.86

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

For example, Cogeco'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)
=145.492/134.0005*134.0005
=145.492

Current CPI (May. 2026) = 134.0005.

Cogeco Quarterly Data

Book Value per Share CPI Adj_Book
201608 71.528 101.686 94.259
201611 67.339 101.607 88.808
201702 71.534 102.476 93.540
201705 73.204 103.108 95.137
201708 80.887 103.108 105.122
201711 81.801 103.740 105.662
201802 108.032 104.688 138.281
201805 109.584 105.399 139.321
201808 113.792 106.031 143.809
201811 115.003 105.478 146.101
201902 117.702 106.268 148.418
201905 120.459 107.927 149.560
201908 123.526 108.085 153.143
201911 126.697 107.769 157.535
202002 126.000 108.559 155.528
202005 124.175 107.532 154.740
202008 130.829 108.243 161.960
202011 135.572 108.796 166.979
202102 140.413 109.745 171.447
202105 145.682 111.404 175.232
202108 143.892 112.668 171.137
202111 145.704 113.932 171.369
202202 152.774 115.986 176.502
202205 158.210 120.016 176.645
202208 159.057 120.569 176.776
202211 158.608 121.675 174.675
202302 160.041 122.070 175.682
202305 160.762 124.045 173.664
202308 164.106 125.389 175.377
202311 166.264 125.468 177.572
202402 257.846 125.468 275.382
202405 260.628 127.601 273.700
202408 263.456 127.838 276.156
202411 265.570 127.838 278.372
202502 265.050 128.786 275.782
202505 272.273 129.813 281.056
202508 275.532 130.208 283.557
202511 278.556 130.682 285.629
202602 283.614 131.077 289.939
202605 145.492 134.001 145.492

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 0.86 mean?
Cogeco (CGECF) has a Cyclically Adjusted PB Ratio of 0.86 as of Sep. 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 Cogeco and its competitors. This is 56% below median its historical median of 1.94. Over the past decade, Cogeco's Cyclically Adjusted PB Ratio has ranged from 0.83 to 3.28. According to the industry distribution chart, Cogeco ranks #72 out of 288 companies in the Telecommunication Services industry, placing it in the top 25%.
Is Cogeco's Cyclically Adjusted PB Ratio too high?
Cogeco's current Cyclically Adjusted PB Ratio of 0.86 is 56% below median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 3.28. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.74. Cogeco's value of 0.86 is 50.6% below this industry median. Based on the distribution chart, Cogeco ranks #72 out of 288 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Cogeco has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cogeco's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Cogeco ranks #72 out of 288 companies for Cyclically Adjusted PB Ratio. This places Cogeco in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.74. Cogeco's value of 0.86 is 50.6% below this benchmark. Historically, Cogeco's own Cyclically Adjusted PB Ratio has ranged from 0.83 to 3.28 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.74, Cogeco has consistently been below 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.74, based on 288 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. Cogeco's current Cyclically Adjusted PB Ratio of 0.86 is 50.6% below 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 Cogeco and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cogeco's current Cyclically Adjusted PB Ratio is 0.86, which is 56% below median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cogeco stock overvalued right now?
Based on GuruFocus' analysis, Cogeco (CGECF) is currently considered Modestly Undervalued. The stock's GF Value™ is $46.91, compared to a current price of $39.59 — trading 15.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is 56% below median its 10-year median of 1.94 and 50.6% below the Telecommunication Services industry median of 1.74. Cogeco's overall GF Score™ is 70/100 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 Cogeco (CGECF), the current Cyclically Adjusted PB Ratio is 0.86 as of Sep. 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 Cogeco (CGECF) Overvalued in 2026?

Based on GuruFocus' analysis, Cogeco stock appears to be undervalued. The current stock price of $39.59 is trading 15.6% below its estimated GF Value™ of $46.91. GuruFocus considers Cogeco to be Modestly Undervalued.

Key valuation signals for CGECF:

  • Cyclically Adjusted PB Ratio: 0.86 (56% below median its 10-year median of 1.94)
  • GF Value™: $46.91 vs. price of $39.59 (15.6% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 50.6% below the Telecommunication Services median (#72 of 288)

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


Cogeco Business Description

Other Exchanges CGO:Canada
Address 1 Place Ville Marie, Bureau 3301, Montreal, QC, CAN, H3B 3N2
Cogeco Inc is a telecommunications company. The company has two operating segments: Canadian telecommunications, American telecommunications. The Canadian and American telecommunications segments provide a wide range of Internet, video, and telephony services to residential customers, as well as business services across their coverage areas. Cogeco Connexion carries out the Canadian telecommunications segment activities in the provinces of Quebec and Ontario, and the American telecommunications segment activities are carried out by Atlantic Broadband in 12 states. It derives maximum revenue from Canadian telecommunications segment.
70GF Score

Get the complete analysis for CGECF

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

$39.59
Price
$46.91
GF Value