Carbon Streaming (FRA:M2Q) Cyclically Adjusted PB Ratio: 0.53 (As of Jul. 30, 2026) — Near Median

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FRA:M2Q Carbon Streaming Corp FRA:M2Q
39 GF Score
Price €0.52
GF Value €0.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Carbon Streaming Cyclically Adjusted PB Ratio?

Carbon Streaming FRA:M2Q +5.10% 39 Cyclically Adjusted PB Ratio is 0.53 as of Jul. 30, 2026, which is 2% below its 10-year median of 0.54. GuruFocus rates FRA:M2Q with a GF Score™ of 39/100 and a GF Value™ of €0.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,001 Asset Management companies, Carbon Streaming ranks better than 78.32% on this metric.

As of today (2026-07-30), Carbon Streaming's current share price is €0.515. Carbon Streaming's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.97. Carbon Streaming's Cyclically Adjusted PB Ratio for today is 0.53.

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

FRA:M2Q' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.54   Max: 19.95
Current: 0.49

During the past years, Carbon Streaming's highest Cyclically Adjusted PB Ratio was 19.95. The lowest was 0.26. And the median was 0.54.

FRA:M2Q's Cyclically Adjusted PB Ratio is ranked better than
78.32% of 1001 companies
in the Asset Management industry
Industry Median: 0.84 vs FRA:M2Q: 0.49

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.

Carbon Streaming's adjusted book value per share data for the three months ended in Mar. 2026 was €0.810. 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 €0.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carbon Streaming  (FRA:M2Q) 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.


Carbon Streaming Cyclically Adjusted PB Ratio Related Terms


Carbon Streaming Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carbon Streaming'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.

Carbon Streaming Cyclically Adjusted PB Ratio Chart

Carbon Streaming Annual Data
Trend Jun12 Jun13 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 3.37 0.60 0.31 0.47

Carbon Streaming Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.25 0.34 0.40 0.47 0.51

FRA:M2Q vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Carbon Streaming'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.


Carbon Streaming Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Carbon Streaming's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:M2Q
39GF Score
Carbon Streaming Corp FRA:M2Q
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carbon Streaming 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.

Carbon Streaming's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.515/0.97
=0.53

* 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.

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

For example, Carbon Streaming'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)
=0.81/132.2623*132.2623
=0.810

Current CPI (Mar. 2026) = 132.2623.

Carbon Streaming Quarterly Data

Book Value per Share CPI Adj_Book
201206 0.147 96.076 0.202
201209 0.118 96.392 0.162
201212 0.101 95.760 0.140
201303 0.119 97.103 0.162
201306 0.106 97.182 0.144
201309 0.088 97.419 0.119
201312 0.082 96.945 0.112
201403 0.083 98.604 0.111
201806 -0.019 105.557 -0.024
201809 0.000 105.636 0.000
201812 0.000 105.399 0.000
201903 0.000 106.979 0.000
201906 -0.020 107.690 -0.025
201909 -0.021 107.611 -0.026
201912 -0.021 107.769 -0.026
202003 -0.024 107.927 -0.029
202006 0.039 108.401 0.048
202009 0.033 108.164 0.040
202012 0.102 108.559 0.124
202103 1.505 110.298 1.805
202106 4.338 111.720 5.136
202109 3.534 112.905 4.140
202112 1.169 113.774 1.359
202203 2.215 117.646 2.490
202206 2.883 120.806 3.156
202209 3.042 120.648 3.335
202212 2.956 120.964 3.232
202303 2.904 122.702 3.130
202306 2.690 124.203 2.865
202309 2.736 125.230 2.890
202312 2.179 125.072 2.304
202403 1.488 126.258 1.559
202406 1.474 127.522 1.529
202409 1.085 127.285 1.127
202412 0.841 127.364 0.873
202503 0.799 129.181 0.818
202506 0.729 129.892 0.742
202509 0.795 130.287 0.807
202512 0.775 130.366 0.786
202603 0.810 132.262 0.810

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 0.53 mean?
Carbon Streaming (FRA:M2Q) has a Cyclically Adjusted PB Ratio of 0.53 as of Jul. 30, 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 Carbon Streaming and its competitors. This is near median its historical median of 0.54. Over the past decade, Carbon Streaming's Cyclically Adjusted PB Ratio has ranged from 0.26 to 19.95. According to the industry distribution chart, Carbon Streaming ranks #217 out of 1001 companies in the Asset Management industry, placing it in the top 21.7%.
Is Carbon Streaming's Cyclically Adjusted PB Ratio too high?
Carbon Streaming's current Cyclically Adjusted PB Ratio of 0.53 is near median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 19.95. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Carbon Streaming's value of 0.53 is 36.9% below this industry median. Based on the distribution chart, Carbon Streaming ranks #217 out of 1001 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Carbon Streaming has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carbon Streaming's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Carbon Streaming ranks #217 out of 1001 companies for Cyclically Adjusted PB Ratio. This places Carbon Streaming in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.84. Carbon Streaming's value of 0.53 is 36.9% below this benchmark. Historically, Carbon Streaming's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 19.95 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.84, Carbon Streaming 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 1,001 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. Carbon Streaming's current Cyclically Adjusted PB Ratio of 0.53 is 36.9% 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 Carbon Streaming and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carbon Streaming's current Cyclically Adjusted PB Ratio is 0.53, which is near median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carbon Streaming stock overvalued right now?
Based on GuruFocus' analysis, Carbon Streaming (FRA:M2Q) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.01, compared to a current price of €0.52 — trading 5050% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.53, which is near median its 10-year median of 0.54 and 36.9% below the Asset Management industry median of 0.84. Carbon Streaming's overall GF Score™ is 39/100 with 2 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 Carbon Streaming (FRA:M2Q), the current Cyclically Adjusted PB Ratio is 0.53 as of Jul. 30, 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 Carbon Streaming (FRA:M2Q) Overvalued in 2026?

Based on GuruFocus' analysis, Carbon Streaming stock appears to be overvalued. The current stock price of €0.52 is trading 5050% above its estimated GF Value™ of €0.01. GuruFocus considers Carbon Streaming to be Significantly Overvalued.

Key valuation signals for FRA:M2Q:

  • Cyclically Adjusted PB Ratio: 0.53 (near median its 10-year median of 0.54)
  • GF Value™: €0.01 vs. price of €0.52 (5050% above fair value)
  • GF Score™: 39/100 with 2 warning signs
  • Industry Position: 36.9% below the Asset Management median (#217 of 1001)

No single metric tells the full story. See the FRA:M2Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carbon Streaming Business Description

Address 666 Burrard Street, Suite 1700, Park Place, Vancouver, BC, CAN, V6C 2X8
Carbon Streaming Corp is a carbon credit streaming and royalty company focused on providing capital to carbon projects globally, mainly by entering into or acquiring streaming, royalty, or other similar arrangements to purchase carbon credits from the underlying project and then generating cash flow from the sale of carbon credits. The Company has one operating segment related to carbon credit streaming and royalty agreements focused on projects located globally.
39GF Score

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

€0.52
Price
€0.01
GF Value