FTGFF (Firan Technology Group) Cyclically Adjusted PB Ratio: 8.87 (As of Jul. 18, 2026) — 216% Above Median

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FTGFF Firan Technology Group Corp FTGFF
82 GF Score
Price $16.59
GF Value $6.54
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Firan Technology Group Cyclically Adjusted PB Ratio?

Firan Technology Group FTGFF 82 Cyclically Adjusted PB Ratio is 8.87 as of Jul. 18, 2026, which is 216% above its 10-year median of 2.81. GuruFocus rates FTGFF with a GF Scoreâ„¢ of 82/100 and a GF Valueâ„¢ of $6.54 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 214 Aerospace & Defense companies, Firan Technology Group ranks worse than 80.84% on this metric.

As of today (2026-07-18), Firan Technology Group's current share price is $16.59. Firan Technology Group's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was $1.87. Firan Technology Group's Cyclically Adjusted PB Ratio for today is 8.87.

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

FTGFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 2.81   Max: 10.6
Current: 9.29

During the past years, Firan Technology Group's highest Cyclically Adjusted PB Ratio was 10.60. The lowest was 1.10. And the median was 2.81.

FTGFF's Cyclically Adjusted PB Ratio is ranked worse than
80.84% of 214 companies
in the Aerospace & Defense industry
Industry Median: 3.635 vs FTGFF: 9.29

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.

Firan Technology Group's adjusted book value per share data for the three months ended in May. 2026 was $2.986. 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 $1.87 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Firan Technology Group  (OTCPK:FTGFF) 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.


Firan Technology Group Cyclically Adjusted PB Ratio Related Terms


Firan Technology Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Firan Technology Group'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.

Firan Technology Group Cyclically Adjusted PB Ratio Chart

Firan Technology Group 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 1.61 1.10 2.37 3.44 4.70

Firan Technology Group 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 4.27 5.03 4.70 8.71 10.15

FTGFF vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Firan Technology Group'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.


Firan Technology Group Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FTGFF
82GF Score
Firan Technology Group Corp FTGFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firan Technology Group 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.

Firan Technology Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.59/1.87
=8.87

* 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.

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

For example, Firan Technology Group'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)
=2.986/134.0005*134.0005
=2.986

Current CPI (May. 2026) = 134.0005.

Firan Technology Group Quarterly Data

Book Value per Share CPI Adj_Book
201608 1.213 101.686 1.598
201611 1.181 101.607 1.558
201702 1.221 102.476 1.597
201705 1.184 103.108 1.539
201708 1.278 103.108 1.661
201711 1.266 103.740 1.635
201802 1.277 104.688 1.635
201805 1.289 105.399 1.639
201808 1.282 106.031 1.620
201811 1.297 105.478 1.648
201902 1.336 106.268 1.685
201905 1.375 107.927 1.707
201908 1.450 108.085 1.798
201911 1.478 107.769 1.838
202002 1.387 108.559 1.712
202005 1.375 107.532 1.713
202008 1.543 108.243 1.910
202011 1.570 108.796 1.934
202102 1.618 109.745 1.976
202105 1.729 111.404 2.080
202108 1.653 112.668 1.966
202111 1.629 113.932 1.916
202202 1.599 115.986 1.847
202205 1.576 120.016 1.760
202208 1.547 120.569 1.719
202211 1.501 121.675 1.653
202302 1.620 122.070 1.778
202305 1.675 124.045 1.809
202308 1.710 125.389 1.827
202311 1.819 125.468 1.943
202402 1.876 125.468 2.004
202405 1.969 127.601 2.068
202408 2.059 127.838 2.158
202411 2.163 127.838 2.267
202502 2.352 128.786 2.447
202505 2.558 129.813 2.641
202508 2.656 130.208 2.733
202511 2.726 130.682 2.795
202602 2.862 131.077 2.926
202605 2.986 134.001 2.986

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 8.87 mean?
Firan Technology Group (FTGFF) has a Cyclically Adjusted PB Ratio of 8.87 as of Jul. 18, 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 Firan Technology Group and its competitors. This is 216% above median its historical median of 2.81. Over the past decade, Firan Technology Group's Cyclically Adjusted PB Ratio has ranged from 1.10 to 10.60. According to the industry distribution chart, Firan Technology Group ranks #173 out of 214 companies in the Aerospace & Defense industry, placing it in the top 80.8%.
Is Firan Technology Group's Cyclically Adjusted PB Ratio too high?
Firan Technology Group's current Cyclically Adjusted PB Ratio of 8.87 is 216% above median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 10.60. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.64. Firan Technology Group's value of 8.87 is 144% above this industry median. Based on the distribution chart, Firan Technology Group ranks #173 out of 214 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Firan Technology Group has a GF Scoreâ„¢ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firan Technology Group's Cyclically Adjusted PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Firan Technology Group ranks #173 out of 214 companies for Cyclically Adjusted PB Ratio. This places Firan Technology Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.64. Firan Technology Group's value of 8.87 is 144% above this benchmark. Historically, Firan Technology Group's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 10.60 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 3.64, Firan Technology Group has consistently been above 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 Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.64, based on 214 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. Firan Technology Group's current Cyclically Adjusted PB Ratio of 8.87 is 144% above 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 Firan Technology Group and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firan Technology Group's current Cyclically Adjusted PB Ratio is 8.87, which is 216% above median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firan Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Firan Technology Group (FTGFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.54, compared to a current price of $16.59 — trading 153.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.87, which is 216% above median its 10-year median of 2.81 and 144% above the Aerospace & Defense industry median of 3.64. Firan Technology Group's overall GF Score™ is 82/100 with 4 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 Firan Technology Group (FTGFF), the current Cyclically Adjusted PB Ratio is 8.87 as of Jul. 18, 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 Firan Technology Group (FTGFF) Overvalued in 2026?

Based on GuruFocus' analysis, Firan Technology Group stock appears to be overvalued. The current stock price of $16.59 is trading 153.7% above its estimated GF Value™ of $6.54. GuruFocus considers Firan Technology Group to be Significantly Overvalued.

Key valuation signals for FTGFF:

  • Cyclically Adjusted PB Ratio: 8.87 (216% above median its 10-year median of 2.81)
  • GF Value™: $6.54 vs. price of $16.59 (153.7% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 144% above the Aerospace & Defense median (#173 of 214)

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


Firan Technology Group Business Description

Other Exchanges 22F:GermanyFTG:Canada
Address 250 Finchdene Square, Toronto, ON, CAN, M1X 1A5
Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments, namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe. The majority of revenue is derived from the FTG Circuits segment.
82GF Score

Get the complete analysis for FTGFF

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

$16.59
Price
$6.54
GF Value