Grems (GRMZF) Cyclically Adjusted PB Ratio: 11.75 (As of Jul. 29, 2026) — 17% Above Median

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GRMZF Grems Inc GRMZF
97 GF Score
Price $18.44
GF Value $18.74
! 2 Warning Signs
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What is Grems Cyclically Adjusted PB Ratio?

Grems GRMZF +63.19% 97 Cyclically Adjusted PB Ratio is 11.75 as of Jul. 29, 2026, which is 17% above its 10-year median of 10.04. GuruFocus rates GRMZF with a GF Score™ of 97/100 and a GF Value™ of $18.74. The stock has 2 warning signs investors should review. Among 439 Utilities - Regulated companies, Grems ranks worse than 96.81% on this metric.

As of today (2026-07-29), Grems's current share price is $18.44. Grems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $1.57. Grems's Cyclically Adjusted PB Ratio for today is 11.75.

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

GRMZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.21   Med: 10.04   Max: 23.67
Current: 6.78

During the past years, Grems's highest Cyclically Adjusted PB Ratio was 23.67. The lowest was 6.21. And the median was 10.04.

GRMZF's Cyclically Adjusted PB Ratio is ranked worse than
96.81% of 439 companies
in the Utilities - Regulated industry
Industry Median: 1.53 vs GRMZF: 6.78

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.

Grems's adjusted book value per share data for the three months ended in Mar. 2026 was $5.330. 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 $1.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grems  (OTCPK:GRMZF) 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.


Grems Cyclically Adjusted PB Ratio Related Terms


Grems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grems'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.

Grems Cyclically Adjusted PB Ratio Chart

Grems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.41 12.31 9.19 7.59 7.22

Grems 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 7.59 7.28 7.12 6.96 7.22

GRMZF vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Grems'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.


Grems Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Grems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


GRMZF
97GF Score
Grems Inc GRMZF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Grems 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.

Grems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.44/1.57
=11.75

* 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.

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

For example, Grems'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)
=5.33/112.7000*112.7000
=5.330

Current CPI (Mar. 2026) = 112.7000.

Grems Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.017 98.100 1.168
201609 1.143 98.000 1.314
201612 1.047 98.400 1.199
201703 1.118 98.100 1.284
201706 1.175 98.500 1.344
201709 1.250 98.800 1.426
201712 1.270 99.400 1.440
201803 1.410 99.200 1.602
201806 1.418 99.200 1.611
201809 1.481 99.900 1.671
201812 1.441 99.700 1.629
201903 1.533 99.700 1.733
201906 1.680 99.800 1.897
201909 1.818 100.100 2.047
201912 1.946 100.500 2.182
202003 2.113 100.300 2.374
202006 2.304 99.900 2.599
202009 2.543 99.900 2.869
202012 2.750 99.300 3.121
202103 2.431 99.900 2.742
202106 2.634 99.500 2.983
202109 2.888 100.100 3.252
202112 2.987 100.100 3.363
202203 2.950 101.100 3.288
202206 2.606 101.800 2.885
202209 2.587 103.100 2.828
202212 3.109 104.100 3.366
202303 3.267 104.400 3.527
202306 3.382 105.200 3.623
202309 3.498 106.200 3.712
202312 3.782 106.800 3.991
202403 3.754 107.200 3.947
202406 3.678 108.200 3.831
202409 4.422 108.900 4.576
202412 4.308 110.700 4.386
202503 4.736 111.100 4.804
202506 4.840 111.700 4.883
202509 5.108 112.000 5.140
202512 5.085 113.000 5.072
202603 5.330 112.700 5.330

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 11.75 mean?
Grems (GRMZF) has a Cyclically Adjusted PB Ratio of 11.75 as of Jul. 29, 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 Grems and its competitors. This is 17% above median its historical median of 10.04. Over the past decade, Grems' Cyclically Adjusted PB Ratio has ranged from 6.21 to 23.67. According to the industry distribution chart, Grems ranks #425 out of 439 companies in the Utilities - Regulated industry, placing it in the top 96.8%.
Is Grems' Cyclically Adjusted PB Ratio too high?
Grems' current Cyclically Adjusted PB Ratio of 11.75 is 17% above median its 10-year median of 10.04. Over the past 10 years, this metric has ranged from a low of 6.21 to a high of 23.67. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Grems' value of 11.75 is 668% above this industry median. Based on the distribution chart, Grems ranks #425 out of 439 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Grems has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Grems' Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Grems ranks #425 out of 439 companies for Cyclically Adjusted PB Ratio. This places Grems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Grems' value of 11.75 is 668% above this benchmark. Historically, Grems' own Cyclically Adjusted PB Ratio has ranged from 6.21 to 23.67 over the past decade. While the company's 10-year median is 10.04 vs. the industry median of 1.53, Grems 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 Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 439 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. Grems's current Cyclically Adjusted PB Ratio of 11.75 is 668% 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 Grems and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grems's current Cyclically Adjusted PB Ratio is 11.75, which is 17% above median its own 10-year median of 10.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grems stock overvalued right now?
Grems (GRMZF) has a current Cyclically Adjusted PB Ratio of 11.75. The stock's GF Value™ is $18.74, compared to a current price of $18.44 — trading 1.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.75, which is 17% above median its 10-year median of 10.04 and 668% above the Utilities - Regulated industry median of 1.53. Grems' overall GF Score™ is 97/100 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 Grems (GRMZF), the current Cyclically Adjusted PB Ratio is 11.75 as of Jul. 29, 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 Grems (GRMZF) Overvalued in 2026?

Based on GuruFocus' analysis, Grems stock appears to be undervalued. The current stock price of $18.44 is trading 1.6% below its estimated GF Value™ of $18.74.

Key valuation signals for GRMZF:

  • Cyclically Adjusted PB Ratio: 11.75 (17% above median its 10-year median of 10.04)
  • GF Value™: $18.74 vs. price of $18.44 (1.6% below fair value)
  • GF Score™: 97/100 with 2 warning signs
  • Industry Position: 668% above the Utilities - Regulated median (#425 of 439)

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


Grems Business Description

Other Exchanges 3150:Japan
Address 2-2-4 Higashi-Shinagawa, Tennoz First Tower, 19th Floor, Shinagawa-Ku, Tokyo, JPN, 140-0002
Grems Inc is engaged in providing consulting services to help businesses reduce their electric power consumption through its subsidiary. Its segments are Energy Cost Solutions Business; Smart House Project Business; and Retail Electricity Business, which derives maximum revenue.
97GF Score

Get the complete analysis for GRMZF

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

$18.44
Price
$18.74
GF Value