GreenBank Capital (FRA:2TL) Cyclically Adjusted PB Ratio: (As of Jul. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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 GreenBank Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GreenBank Capital  (FRA:2TL) 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.


GreenBank Capital Cyclically Adjusted PB Ratio Related Terms


GreenBank Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GreenBank Capital'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.

GreenBank Capital Cyclically Adjusted PB Ratio Chart

GreenBank Capital Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 14.77 3.72

GreenBank Capital Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 2.81 3.72 1.49 1.85 1.75

FRA:2TL vs CCTL, BEGI, MNTR: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, GreenBank Capital'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.


GreenBank Capital Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GreenBank Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GreenBank Capital 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.

GreenBank Capital's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, GreenBank Capital's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book=Book Value per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=0.038/126.8896*126.8896
=0.038

Current CPI (Apr. 2024) = 126.8896.

GreenBank Capital Quarterly Data

Book Value per Share CPI Adj_Book
201407 0.000 99.315 0.000
201410 -0.018 99.473 -0.023
201501 -0.017 98.209 -0.022
201504 -0.023 99.710 -0.029
201507 0.007 100.579 0.009
201510 -0.018 100.500 -0.023
201601 -0.001 100.184 -0.001
201604 0.001 101.370 0.001
201607 0.002 101.844 0.002
201610 0.001 102.002 0.001
201701 0.005 102.318 0.006
201704 0.008 103.029 0.010
201707 -0.005 103.029 -0.006
201710 -0.003 103.424 -0.004
201801 -0.006 104.056 -0.007
201804 0.022 105.320 0.027
201807 0.016 106.110 0.019
201810 0.016 105.952 0.019
201901 0.012 105.557 0.014
201904 0.009 107.453 0.011
201907 -0.008 108.243 -0.009
201910 -0.011 107.927 -0.013
202001 -0.012 108.085 -0.014
202004 0.008 107.216 0.009
202007 0.002 108.401 0.002
202010 0.001 108.638 0.001
202101 0.004 109.192 0.005
202104 0.044 110.851 0.050
202107 0.031 112.431 0.035
202110 0.036 113.695 0.040
202201 0.037 114.801 0.041
202204 0.033 118.357 0.035
202207 0.042 120.964 0.044
202210 0.064 121.517 0.067
202301 0.072 121.596 0.075
202304 0.070 123.571 0.072
202307 0.045 124.914 0.046
202310 0.043 125.310 0.044
202401 0.040 125.072 0.041
202404 0.038 126.890 0.038

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.


GreenBank Capital Business Description

Address 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7
GreenBank Capital Inc is a merchant bank. The company's operating segment include investments, software development, and mineral exploration. The company derives maximum revenue from investments. The company specializes in private equity, public listings, pre-IPO funding, corporate restructuring, mergers and acquisitions, reverse mergers, and business incubating.