CXXIF (C21 Investments) Cyclically Adjusted PB Ratio: 0.78 (As of Aug. 08, 2026) — 40% Below Median

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CXXIF C21 Investments Inc CXXIF
31 GF Score
Price $0.24
GF Value $0.30
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is C21 Investments Cyclically Adjusted PB Ratio?

C21 Investments CXXIF +1.19% 31 Cyclically Adjusted PB Ratio is 0.78 as of Aug. 08, 2026, which is 40% below its 10-year median of 1.30. GuruFocus rates CXXIF with a GF Score™ of 31/100 and a GF Value™ of $0.30 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 736 Drug Manufacturers companies, C21 Investments ranks better than 83.7% on this metric.

As of today (2026-08-08), C21 Investments's current share price is $0.24215. C21 Investments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.31. C21 Investments's Cyclically Adjusted PB Ratio for today is 0.78.

The historical rank and industry rank for C21 Investments's Cyclically Adjusted PB Ratio or its related term are showing as below:

CXXIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.3   Max: 6.74
Current: 0.74

During the past years, C21 Investments's highest Cyclically Adjusted PB Ratio was 6.74. The lowest was 0.49. And the median was 1.30.

CXXIF's Cyclically Adjusted PB Ratio is ranked better than
83.7% of 736 companies
in the Drug Manufacturers industry
Industry Median: 1.75 vs CXXIF: 0.74

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.

C21 Investments's adjusted book value per share data for the three months ended in Mar. 2026 was $0.216. 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 $0.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


C21 Investments  (OTCPK:CXXIF) 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.


C21 Investments Cyclically Adjusted PB Ratio Related Terms


C21 Investments Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for C21 Investments'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.

C21 Investments Cyclically Adjusted PB Ratio Chart

C21 Investments Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 1.18 1.62 0.61 0.87

C21 Investments Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 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 0.61 0.59 1.18 1.21 0.87

CXXIF vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, C21 Investments'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.


C21 Investments Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, C21 Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where C21 Investments's Cyclically Adjusted PB Ratio falls into.


CXXIF
31GF Score
C21 Investments Inc CXXIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

C21 Investments 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.

C21 Investments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.24215/0.31
=0.78

* 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.

C21 Investments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, C21 Investments'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)
=0.216/132.2623*132.2623
=0.216

Current CPI (Mar. 2026) = 132.2623.

C21 Investments Quarterly Data

Book Value per Share CPI Adj_Book
201604 -0.165 101.370 -0.215
201607 -0.166 101.844 -0.216
201610 -0.168 102.002 -0.218
201701 -0.180 102.318 -0.233
201704 -0.177 103.029 -0.227
201707 0.063 103.029 0.081
201710 0.049 103.424 0.063
201801 0.012 104.056 0.015
201804 4.044 105.320 5.079
201807 0.566 106.110 0.705
201810 0.485 105.952 0.605
201901 0.360 105.557 0.451
201904 0.356 107.453 0.438
201907 0.433 108.243 0.529
201910 0.374 107.927 0.458
202001 0.152 108.085 0.186
202004 0.151 107.216 0.186
202007 0.155 108.401 0.189
202010 0.178 108.638 0.217
202101 0.199 109.192 0.241
202104 0.239 110.851 0.285
202107 0.282 112.431 0.332
202110 0.311 113.695 0.362
202201 0.281 114.801 0.324
202204 0.295 118.357 0.330
202207 0.309 120.964 0.338
202210 0.314 121.517 0.342
202301 0.286 121.596 0.311
202304 0.282 123.571 0.302
202307 0.279 124.914 0.295
202310 0.276 125.310 0.291
202401 0.259 125.072 0.274
202406 0.258 127.522 0.268
202409 0.252 127.285 0.262
202412 0.253 127.364 0.263
202503 0.243 129.181 0.249
202506 0.237 129.892 0.241
202509 0.232 130.287 0.236
202512 0.227 130.366 0.230
202603 0.216 132.262 0.216

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 0.78 mean?
C21 Investments (CXXIF) has a Cyclically Adjusted PB Ratio of 0.78 as of Aug. 08, 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 C21 Investments and its competitors. This is 40% below median its historical median of 1.30. Over the past decade, C21 Investments' Cyclically Adjusted PB Ratio has ranged from 0.49 to 6.74. According to the industry distribution chart, C21 Investments ranks #120 out of 736 companies in the Drug Manufacturers industry, placing it in the top 16.3%.
Is C21 Investments' Cyclically Adjusted PB Ratio too high?
C21 Investments' current Cyclically Adjusted PB Ratio of 0.78 is 40% below median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 6.74. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.75. C21 Investments' value of 0.78 is 55.4% below this industry median. Based on the distribution chart, C21 Investments ranks #120 out of 736 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, C21 Investments has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does C21 Investments' Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, C21 Investments ranks #120 out of 736 companies for Cyclically Adjusted PB Ratio. This places C21 Investments in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.75. C21 Investments' value of 0.78 is 55.4% below this benchmark. Historically, C21 Investments' own Cyclically Adjusted PB Ratio has ranged from 0.49 to 6.74 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.75, C21 Investments 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.75, based on 736 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. C21 Investments's current Cyclically Adjusted PB Ratio of 0.78 is 55.4% 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 C21 Investments and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C21 Investments's current Cyclically Adjusted PB Ratio is 0.78, which is 40% below median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C21 Investments stock overvalued right now?
Based on GuruFocus' analysis, C21 Investments (CXXIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.30, compared to a current price of $0.24 — trading 19.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is 40% below median its 10-year median of 1.30 and 55.4% below the Drug Manufacturers industry median of 1.75. C21 Investments' overall GF Score™ is 31/100 with 4 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 C21 Investments (CXXIF), the current Cyclically Adjusted PB Ratio is 0.78 as of Aug. 08, 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 C21 Investments (CXXIF) Overvalued in 2026?

Based on GuruFocus' analysis, C21 Investments stock appears to be undervalued. The current stock price of $0.24 is trading 19.3% below its estimated GF Value™ of $0.30. GuruFocus considers C21 Investments to be Modestly Undervalued.

Key valuation signals for CXXIF:

  • Cyclically Adjusted PB Ratio: 0.78 (40% below median its 10-year median of 1.30)
  • GF Value™: $0.30 vs. price of $0.24 (19.3% below fair value)
  • GF Score™: 31/100 with 4 warning signs
  • Industry Position: 55.4% below the Drug Manufacturers median (#120 of 736)

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


C21 Investments Business Description

Other Exchanges CXXI:Canada
Address 885 West Georgia Street, Floor 19, Vancouver, BC, CAN, V6C 3H4
C21 Investments Inc is a vertically integrated cannabis company that cultivates, processes, distributes, and sells quality cannabis and hemp-derived consumer products in Nevada, U.S.A., and the United States. The Company is focused on value creation through the disciplined acquisition and integration of core retail, manufacturing, and distribution assets in strategic markets, leveraging industry retail revenues with high-growth potential and multi-market branded consumer packaged goods (CPG). The Company focuses on scalable opportunities in key markets through retail operational excellence, expanding its retail footprint through value-add acquisitions in existing markets, and branded CPG expansion through captive retail and wholesale channels.
31GF Score

Get the complete analysis for CXXIF

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

$0.24
Price
$0.30
GF Value