GOOLF (P2Earn) Cyclically Adjusted PB Ratio: (As of Jul. 29, 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  (OTCPK:GOOLF) 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

GOOLF 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)
=-0.013/132.2623*132.2623
=-0.013

Current CPI (Mar. 2026) = 132.2623.

P2Earn Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.016 102.002 3.911
201609 2.928 101.765 3.805
201612 -28.530 101.449 -37.196
201703 2.450 102.634 3.157
201706 1.680 103.029 2.157
201709 1.690 103.345 2.163
201712 -1.379 103.345 -1.765
201803 2.449 105.004 3.085
201806 2.727 105.557 3.417
201809 3.231 105.636 4.045
201812 2.922 105.399 3.667
201903 2.444 106.979 3.022
201906 -4.633 107.690 -5.690
201909 -4.532 107.611 -5.570
201912 -5.055 107.769 -6.204
202003 -5.038 107.927 -6.174
202006 -4.176 108.401 -5.095
202009 -0.338 108.164 -0.413
202012 -0.444 108.559 -0.541
202103 -0.095 110.298 -0.114
202106 -0.273 111.720 -0.323
202109 0.020 112.905 0.023
202112 -0.048 113.774 -0.056
202203 -0.068 117.646 -0.076
202206 -0.025 120.806 -0.027
202209 -0.026 120.648 -0.029
202212 0.068 120.964 0.074
202303 0.059 122.702 0.064
202306 0.047 124.203 0.050
202309 0.038 125.230 0.040
202312 -0.013 125.072 -0.014
202403 -0.014 126.258 -0.015
202406 -0.008 127.522 -0.008
202409 -0.009 127.285 -0.009
202412 -0.011 127.364 -0.011
202503 0.000 129.181 0.000
202506 -0.012 129.892 -0.012
202509 -0.012 130.287 -0.012
202512 -0.013 130.366 -0.013
202603 -0.013 132.262 -0.013

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.