CHMX (Next-ChemX) Cyclically Adjusted PB Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Next-ChemX Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Next-ChemX  (OTCPK:CHMX) 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.


Next-ChemX Cyclically Adjusted PB Ratio Related Terms


Next-ChemX Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Next-ChemX'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.

Next-ChemX Cyclically Adjusted PB Ratio Chart

Next-ChemX Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1,074.48

Next-ChemX Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 1,074.48 14,685.29 0.00

CHMX vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Next-ChemX'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.


Next-ChemX Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Next-ChemX's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Next-ChemX 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.

Next-ChemX's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2025 is calculated as:

For example, Next-ChemX's adjusted Book Value per Share data for the three months ended in Jun. 2025 was:

Adj_Book=Book Value per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=-0.134/322.5610*322.5610
=-0.134

Current CPI (Jun. 2025) = 322.5610.

Next-ChemX Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.000 237.945 0.000
201512 0.001 236.525 0.001
201603 0.000 238.132 0.000
201606 0.002 241.018 0.003
201609 0.000 241.428 0.000
201612 -0.001 241.432 -0.001
201703 -0.002 243.801 -0.003
201706 -0.004 244.955 -0.005
201709 -0.006 246.819 -0.008
201712 -0.003 246.524 -0.004
201803 -0.004 249.554 -0.005
201806 -0.006 251.989 -0.008
201809 -0.003 252.439 -0.004
201812 0.002 251.233 0.003
201903 -0.002 254.202 -0.003
201906 -0.006 256.143 -0.008
201909 -0.007 256.759 -0.009
201912 -0.011 256.974 -0.014
202003 -0.014 258.115 -0.017
202006 0.001 257.797 0.001
202009 0.012 260.280 0.015
202012 -0.017 260.474 -0.021
202103 -0.019 264.877 -0.023
202106 0.127 271.696 0.151
202109 0.094 274.310 0.111
202112 0.063 278.802 0.073
202203 0.048 287.504 0.054
202206 0.046 296.311 0.050
202209 0.035 296.808 0.038
202212 0.026 296.797 0.028
202303 0.027 301.836 0.029
202306 0.013 305.109 0.014
202309 -0.002 307.789 -0.002
202312 -0.038 306.746 -0.040
202403 -0.040 312.332 -0.041
202406 -0.052 314.175 -0.053
202409 -0.065 315.301 -0.066
202412 -0.102 315.605 -0.104
202503 -0.118 319.799 -0.119
202506 -0.134 322.561 -0.134

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.


Next-ChemX Business Description

Address 1980 Festival Plaza Drive, Summerlin South 300, Las Vegas, NV, USA, 89135
Next-ChemX Corp owns a Novel Membrane-Based Ion Extraction Technology called NCX technology, that economically extracts ions from solutions that are in very low concentrations. The company's extraction technology allows a continuous transfer without high pressure, temperature, or electrolysis as it mimics biological processes found in nature. The company is developing commercial pilot plant systems in its laboratory for a wide range of extraction applications that it intends to market Internationally.