ECORF (Elcora Advanced Materials) Cyclically Adjusted PB Ratio: 0.86 (As of Jul. 31, 2026) — 126% Above Median

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.

ECORF Elcora Advanced Materials Corp ECORF
29 GF Score
Price $0.19
! 5 Warning Signs
View Full Analysis

What is Elcora Advanced Materials Cyclically Adjusted PB Ratio?

Elcora Advanced Materials ECORF +0.90% 29 Cyclically Adjusted PB Ratio is 0.86 as of Jul. 31, 2026, which is 126% above its 10-year median of 0.38. GuruFocus rates ECORF with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 1,535 Metals & Mining companies, Elcora Advanced Materials ranks better than 61.63% on this metric.

As of today (2026-07-31), Elcora Advanced Materials's current share price is $0.19. Elcora Advanced Materials's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $0.22. Elcora Advanced Materials's Cyclically Adjusted PB Ratio for today is 0.86.

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

ECORF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.38   Max: 1
Current: 0.86

During the past years, Elcora Advanced Materials's highest Cyclically Adjusted PB Ratio was 1.00. The lowest was 0.23. And the median was 0.38.

ECORF's Cyclically Adjusted PB Ratio is ranked better than
61.63% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs ECORF: 0.86

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.

Elcora Advanced Materials's adjusted book value per share data for the three months ended in Dec. 2025 was $-0.133. 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 $0.22 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elcora Advanced Materials  (OTCPK:ECORF) 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.


Elcora Advanced Materials Cyclically Adjusted PB Ratio Related Terms


Elcora Advanced Materials Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Elcora Advanced Materials'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.

Elcora Advanced Materials Cyclically Adjusted PB Ratio Chart

Elcora Advanced Materials Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.82 2.11 0.56 0.41

Elcora Advanced Materials Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.32 0.41 0.35 0.36 0.52

Elcora Advanced Materials Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Elcora Advanced Materials'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.


Elcora Advanced Materials Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Elcora Advanced Materials's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ECORF
29GF Score
Elcora Advanced Materials Corp ECORF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elcora Advanced Materials 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.

Elcora Advanced Materials's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.19/0.22
=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.

Elcora Advanced Materials's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Elcora Advanced Materials's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.133/130.3661*130.3661
=-0.133

Current CPI (Dec. 2025) = 130.3661.

Elcora Advanced Materials Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.873 101.054 1.126
201606 0.912 102.002 1.166
201609 0.838 101.765 1.074
201612 0.782 101.449 1.005
201703 0.848 102.634 1.077
201706 0.791 103.029 1.001
201709 0.772 103.345 0.974
201712 0.733 103.345 0.925
201803 0.790 105.004 0.981
201806 0.713 105.557 0.881
201809 0.627 105.636 0.774
201812 0.565 105.399 0.699
201903 -0.059 106.979 -0.072
201906 -0.079 107.690 -0.096
201909 -0.106 107.611 -0.128
201912 -0.131 107.769 -0.158
202003 -0.151 107.927 -0.182
202006 -0.171 108.401 -0.206
202009 -0.190 108.164 -0.229
202012 -0.207 108.559 -0.249
202103 -0.188 110.298 -0.222
202106 -0.212 111.720 -0.247
202109 -0.102 112.905 -0.118
202112 0.006 113.774 0.007
202203 -0.007 117.646 -0.008
202206 -0.011 120.806 -0.012
202209 0.007 120.648 0.008
202212 -0.001 120.964 -0.001
202303 -0.014 122.702 -0.015
202306 -0.018 124.203 -0.019
202309 -0.023 125.230 -0.024
202312 -0.027 125.072 -0.028
202403 -0.063 126.258 -0.065
202406 -0.070 127.522 -0.072
202409 -0.081 127.285 -0.083
202412 -0.084 127.364 -0.086
202503 -0.096 129.181 -0.097
202506 -0.110 129.892 -0.110
202509 -0.123 130.287 -0.123
202512 -0.133 130.366 -0.133

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?
Elcora Advanced Materials (ECORF) has a Cyclically Adjusted PB Ratio of 0.86 as of Jul. 31, 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 Elcora Advanced Materials and its competitors. This is 126% above median its historical median of 0.38. Over the past decade, Elcora Advanced Materials' Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.00. According to the industry distribution chart, Elcora Advanced Materials ranks #589 out of 1535 companies in the Metals & Mining industry, placing it in the top 38.4%.
Is Elcora Advanced Materials' Cyclically Adjusted PB Ratio too high?
Elcora Advanced Materials' current Cyclically Adjusted PB Ratio of 0.86 is 126% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.00. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Elcora Advanced Materials' value of 0.86 is 38.6% below this industry median. Based on the distribution chart, Elcora Advanced Materials ranks #589 out of 1535 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Elcora Advanced Materials has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Elcora Advanced Materials' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Elcora Advanced Materials ranks #589 out of 1535 companies for Cyclically Adjusted PB Ratio. This puts Elcora Advanced Materials in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Elcora Advanced Materials' value of 0.86 is 38.6% below this benchmark. Historically, Elcora Advanced Materials' own Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.00 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 1.40, Elcora Advanced Materials 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.40, based on 1,535 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. Elcora Advanced Materials's current Cyclically Adjusted PB Ratio of 0.86 is 38.6% 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 Elcora Advanced Materials and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elcora Advanced Materials's current Cyclically Adjusted PB Ratio is 0.86, which is 126% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elcora Advanced Materials stock overvalued right now?
Elcora Advanced Materials (ECORF) has a current Cyclically Adjusted PB Ratio of 0.86. The current Cyclically Adjusted PB Ratio is 0.86, which is 126% above median its 10-year median of 0.38 and 38.6% below the Metals & Mining industry median of 1.40. Elcora Advanced Materials' overall GF Score™ is 29/100 with 5 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 Elcora Advanced Materials (ECORF), the current Cyclically Adjusted PB Ratio is 0.86 as of Jul. 31, 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.

Elcora Advanced Materials Business Description

Other Exchanges ELM0:GermanyERA:Canada
Address 111 Ahmadi Crescent, Bedford, Halifax, NS, CAN, B4E 4E5
Elcora Advanced Materials Corp is a vertically integrated graphite and graphene company. The company mines, processes, and refines graphite and produces both graphene and end graphene applications. The company's operating segment includes the explorations and development of mineral properties. The company operates in Canada and Morocco.
29GF Score

Get the complete analysis for ECORF

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

$0.19
Price