P2Earn (FRA:WH4) Cyclically Adjusted PB Ratio: (As of Jul. 20, 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 P2Earn Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


P2Earn  (FRA:WH4) 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.


P2Earn Cyclically Adjusted PB Ratio Related Terms


P2Earn Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for P2Earn'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.

P2Earn Cyclically Adjusted PB Ratio Chart

P2Earn Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.10 0.17 0.00 0.00

P2Earn 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 0.00 0.00 0.00 0.00 0.00

FRA:WH4 vs MGTI, NIHK, BEGI: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, P2Earn'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.


P2Earn Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, P2Earn's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where P2Earn's Cyclically Adjusted PB Ratio falls into.



P2Earn 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.

P2Earn's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, P2Earn'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)
=-0.011/132.2623*132.2623
=-0.011

Current CPI (Mar. 2026) = 132.2623.

P2Earn Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.680 102.002 3.475
201609 2.608 101.765 3.390
201612 -27.040 101.449 -35.253
201703 2.290 102.634 2.951
201706 1.500 103.029 1.926
201709 1.410 103.345 1.805
201712 -1.165 103.345 -1.491
201803 1.986 105.004 2.502
201806 2.334 105.557 2.924
201809 2.769 105.636 3.467
201812 2.568 105.399 3.223
201903 2.163 106.979 2.674
201906 -4.100 107.690 -5.036
201909 -4.115 107.611 -5.058
201912 -4.550 107.769 -5.584
202003 -4.559 107.927 -5.587
202006 -3.708 108.401 -4.524
202009 -0.287 108.164 -0.351
202012 -0.365 108.559 -0.445
202103 -0.080 110.298 -0.096
202106 -0.226 111.720 -0.268
202109 0.017 112.905 0.020
202112 -0.043 113.774 -0.050
202203 -0.062 117.646 -0.070
202206 -0.024 120.806 -0.026
202209 -0.026 120.648 -0.029
202212 0.064 120.964 0.070
202303 0.055 122.702 0.059
202306 0.043 124.203 0.046
202309 0.035 125.230 0.037
202312 -0.012 125.072 -0.013
202403 -0.013 126.258 -0.014
202406 -0.008 127.522 -0.008
202409 -0.008 127.285 -0.008
202412 -0.010 127.364 -0.010
202503 0.000 129.181 0.000
202506 -0.010 129.892 -0.010
202509 -0.010 130.287 -0.010
202512 -0.011 130.366 -0.011
202603 -0.011 132.262 -0.011

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.


P2Earn Business Description

Address 1090 Homer Street, Suite 150, Vancouver, BC, CAN, V6B 2W9
P2Earn Inc is an industrial-scale technology infrastructure company, serving cryptocurrencies, blockchains, and enterprise level technology projects such as podcast creation and distribution. The company generates revenue from its Bitcoin Mining operation segment.