EAATF (Earthworks Industries) Cyclically Adjusted PB Ratio: 0.23 (As of Jul. 27, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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 Earthworks Industries Cyclically Adjusted PB Ratio?

Earthworks Industries EAATF -82.31% Cyclically Adjusted PB Ratio is 0.23 as of Jul. 27, 2026. The stock has 1 warning sign investors should review. Among 160 Waste Management companies, Earthworks Industries ranks better than 61.25% on this metric.

As of today (2026-07-27), Earthworks Industries's current share price is $0.0046. Earthworks Industries's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was $0.02. Earthworks Industries's Cyclically Adjusted PB Ratio for today is 0.23.

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

EAATF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.11
Current: 1.11

During the past years, Earthworks Industries's highest Cyclically Adjusted PB Ratio was 1.11. The lowest was 0.00. And the median was 0.00.

EAATF's Cyclically Adjusted PB Ratio is ranked better than
61.25% of 160 companies
in the Waste Management industry
Industry Median: 1.575 vs EAATF: 1.11

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.

Earthworks Industries's adjusted book value per share data for the three months ended in May. 2026 was $-0.015. 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 $0.02 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Earthworks Industries  (OTCPK:EAATF) 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.


Earthworks Industries Cyclically Adjusted PB Ratio Related Terms


Earthworks Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Earthworks Industries'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.

Earthworks Industries Cyclically Adjusted PB Ratio Chart

Earthworks Industries Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.22 3.42 9.95 1.16 0.63

Earthworks Industries 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 1.19 0.86 0.63 1.41 1.29

EAATF vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Earthworks Industries'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.


Earthworks Industries Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Earthworks Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Earthworks Industries 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.

Earthworks Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0046/0.02
=0.23

* 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.

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

For example, Earthworks Industries'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)
=-0.015/134.0005*134.0005
=-0.015

Current CPI (May. 2026) = 134.0005.

Earthworks Industries Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.036 101.686 0.047
201611 0.033 101.607 0.044
201702 0.030 102.476 0.039
201705 0.042 103.108 0.055
201708 0.041 103.108 0.053
201711 0.039 103.740 0.050
201802 0.038 104.688 0.049
201805 0.036 105.399 0.046
201808 0.035 106.031 0.044
201811 0.029 105.478 0.037
201902 0.027 106.268 0.034
201905 0.027 107.927 0.034
201908 0.024 108.085 0.030
201911 0.022 107.769 0.027
202002 0.022 108.559 0.027
202005 0.020 107.532 0.025
202008 0.019 108.243 0.024
202011 0.017 108.796 0.021
202102 0.019 109.745 0.023
202105 0.020 111.404 0.024
202108 0.020 112.668 0.024
202111 0.019 113.932 0.022
202202 0.017 115.986 0.020
202205 0.017 120.016 0.019
202208 0.018 120.569 0.020
202211 0.019 121.675 0.021
202302 0.017 122.070 0.019
202305 0.020 124.045 0.022
202308 0.016 125.389 0.017
202311 0.050 125.468 0.053
202402 0.047 125.468 0.050
202405 0.047 127.601 0.049
202408 0.047 127.838 0.049
202411 -0.043 127.838 -0.045
202502 -0.040 128.786 -0.042
202505 -0.040 129.813 -0.041
202508 -0.042 130.208 -0.043
202511 -0.047 130.682 -0.048
202602 -0.050 131.077 -0.051
202605 -0.015 134.001 -0.015

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 0.23 mean?
Earthworks Industries (EAATF) has a Cyclically Adjusted PB Ratio of 0.23 as of Jul. 27, 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 Earthworks Industries and its competitors. According to the industry distribution chart, Earthworks Industries ranks #62 out of 160 companies in the Waste Management industry, placing it in the top 38.7%.
Is Earthworks Industries' Cyclically Adjusted PB Ratio too high?
Earthworks Industries' current Cyclically Adjusted PB Ratio is 0.23. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.58. Earthworks Industries' value of 0.23 is 85.4% below this industry median. Based on the distribution chart, Earthworks Industries ranks #62 out of 160 companies in the Waste Management industry, which is above the industry midpoint.
How does Earthworks Industries' Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Earthworks Industries ranks #62 out of 160 companies for Cyclically Adjusted PB Ratio. This puts Earthworks Industries in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. Earthworks Industries' value of 0.23 is 85.4% below this benchmark. 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 Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.58, based on 160 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. Earthworks Industries's current Cyclically Adjusted PB Ratio of 0.23 is 85.4% 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 Earthworks Industries and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Earthworks Industries's current Cyclically Adjusted PB Ratio is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Earthworks Industries stock overvalued right now?
Earthworks Industries (EAATF) has a current Cyclically Adjusted PB Ratio of 0.23. The current Cyclically Adjusted PB Ratio is 0.23 and 85.4% below the Waste Management industry median of 1.58. 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 Earthworks Industries (EAATF), the current Cyclically Adjusted PB Ratio is 0.23 as of Jul. 27, 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.

Earthworks Industries Business Description

Other Exchanges EWK:Canada
Address 890 West Pender Street, Suite 600, Vancouver, BC, CAN, V6C 1J9
Earthworks Industries Inc is in the development stage.