DGTW (DigitalTown) Cyclically Adjusted PB Ratio: (As of Jul. 23, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

What is DigitalTown Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DigitalTown  (OTCPK:DGTW) 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.


DigitalTown Cyclically Adjusted PB Ratio Related Terms


DigitalTown Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DigitalTown'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.

DigitalTown Cyclically Adjusted PB Ratio Chart

DigitalTown Annual Data
Trend Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

DigitalTown Quarterly Data
Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19
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 0.00 0.00 0.00

DGTW vs TRLI, JMDA, TRXD: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, DigitalTown'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.


DigitalTown Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, DigitalTown's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DigitalTown 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.

DigitalTown's Cyclically Adjusted Book per Share for the quarter that ended in Aug. 2019 is calculated as:

For example, DigitalTown's adjusted Book Value per Share data for the three months ended in Aug. 2019 was:

Adj_Book=Book Value per Share/CPI of Aug. 2019 (Change)*Current CPI (Aug. 2019)
=-0.001/108.0853*108.0853
=-0.001

Current CPI (Aug. 2019) = 108.0853.

DigitalTown Quarterly Data

Book Value per Share CPI Adj_Book
200911 0.025 91.019 0.030
201002 0.026 91.335 0.031
201005 0.032 91.888 0.038
201008 0.029 92.204 0.034
201011 0.028 92.836 0.033
201102 0.029 93.311 0.034
201105 0.040 95.286 0.045
201108 0.066 95.049 0.075
201111 0.059 95.523 0.067
201202 0.051 95.760 0.058
201205 0.045 96.471 0.050
201208 0.036 96.234 0.040
201211 0.029 96.313 0.033
201302 0.023 96.945 0.026
201305 0.016 97.182 0.018
201308 0.010 97.261 0.011
201311 0.011 97.182 0.012
201402 -0.009 98.051 -0.010
201405 -0.013 99.394 -0.014
201408 -0.016 99.315 -0.017
201411 -0.017 99.078 -0.019
201502 -0.018 99.078 -0.020
201505 0.009 100.263 0.010
201508 0.001 100.579 0.001
201511 -0.004 100.421 -0.004
201602 0.000 100.421 0.000
201605 0.007 101.765 0.007
201608 0.001 101.686 0.001
201611 0.032 101.607 0.034
201702 -0.007 102.476 -0.007
201705 -0.016 103.108 -0.017
201708 -0.020 103.108 -0.021
201711 -0.015 103.740 -0.016
201802 -0.025 104.688 -0.026
201805 -0.007 105.399 -0.007
201808 -0.017 106.031 -0.017
201811 -0.018 105.478 -0.018
201902 -0.020 106.268 -0.020
201905 -0.003 107.927 -0.003
201908 -0.001 108.085 -0.001

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.


DigitalTown Business Description

Address 205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9
DigitalTown Inc provides turn-key hosted solutions to power a comprehensive platform for government entities, citizens, and merchants. The company's solutions serve city officials and local merchants to manage a feature-rich smart city and provide residents and visitors with access to content, community, and commerce. It offers integrated search platform for both web and mobile devices. The company enables members of a community to find information and acquire the goods and services needed locally when possible.