GWTI (Greenway Technologies) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Greenway Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Greenway Technologies  (OTCPK:GWTI) 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.


Greenway Technologies Cyclically Adjusted PB Ratio Related Terms


Greenway Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Greenway Technologies'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.

Greenway Technologies Cyclically Adjusted PB Ratio Chart

Greenway Technologies 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 0.00 0.00 0.00 0.00

Greenway Technologies 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

GWTI vs KLNG, RCON, KLXE: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Greenway Technologies'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.


Greenway Technologies Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Greenway Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Greenway Technologies 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.

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

For example, Greenway Technologies'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)
=-0.031/330.2130*330.2130
=-0.031

Current CPI (Mar. 2026) = 330.2130.

Greenway Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.012 241.018 -0.016
201609 -0.010 241.428 -0.014
201612 -0.010 241.432 -0.014
201703 -0.008 243.801 -0.011
201706 -0.006 244.955 -0.008
201709 -0.009 246.819 -0.012
201712 -0.010 246.524 -0.013
201803 -0.009 249.554 -0.012
201806 -0.011 251.989 -0.014
201809 -0.011 252.439 -0.014
201812 -0.016 251.233 -0.021
201903 -0.018 254.202 -0.023
201906 -0.023 256.143 -0.030
201909 -0.022 256.759 -0.028
201912 -0.023 256.974 -0.030
202003 -0.024 258.115 -0.031
202006 -0.025 257.797 -0.032
202009 -0.027 260.280 -0.034
202012 -0.026 260.474 -0.033
202103 -0.028 264.877 -0.035
202106 -0.028 271.696 -0.034
202109 -0.028 274.310 -0.034
202112 -0.028 278.802 -0.033
202203 -0.029 287.504 -0.033
202206 -0.027 296.311 -0.030
202209 -0.028 296.808 -0.031
202212 -0.028 296.797 -0.031
202303 -0.028 301.836 -0.031
202306 -0.028 305.109 -0.030
202309 -0.029 307.789 -0.031
202312 -0.030 306.746 -0.032
202403 -0.031 312.332 -0.033
202406 -0.031 314.175 -0.033
202409 -0.030 315.301 -0.031
202412 -0.030 315.605 -0.031
202503 -0.030 319.799 -0.031
202506 -0.031 322.561 -0.032
202509 -0.034 324.800 -0.035
202512 -0.031 324.054 -0.032
202603 -0.031 330.213 -0.031

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.


Greenway Technologies Business Description

Industry EnergyOil & Gas
Address 1521 North Cooper Street, Suite 205, Arlington, TX, USA, 76011
Greenway Technologies Inc is engaged in the research and development of proprietary gas-to-liquids (GTL) synthesis gas (Syngas) conversion systems. It uses its component G-Reformer unit to convert natural gas into syngas. The company is at the development stage and plans to produce renewable GTL synthesized diesel and jet fuels in the United States.