MBGNF (Many Bright Ideas Technologies) Cyclically Adjusted PB Ratio: (As of Jul. 16, 2026)

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

Shiller PE for Stocks: The True Measure of Stock Valuation


Many Bright Ideas Technologies  (OTCPK:MBGNF) 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.


Many Bright Ideas Technologies Cyclically Adjusted PB Ratio Related Terms


Many Bright Ideas Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Many Bright Ideas 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.

Many Bright Ideas Technologies Cyclically Adjusted PB Ratio Chart

Many Bright Ideas 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 16.32 0.00 0.00 0.00 0.00

Many Bright Ideas 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

MBGNF vs TMO, DHR, IDXX: Cyclically Adjusted PB Ratio Comparison

For the Diagnostics & Research subindustry, Many Bright Ideas 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.


Many Bright Ideas Technologies Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Many Bright Ideas Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Many Bright Ideas 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.

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

For example, Many Bright Ideas 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)
=-0.013/132.2623*132.2623
=-0.013

Current CPI (Mar. 2026) = 132.2623.

Many Bright Ideas Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.002 102.002 -0.003
201609 -0.003 101.765 -0.004
201612 -0.001 101.449 -0.001
201703 -0.003 102.634 -0.004
201706 -0.005 103.029 -0.006
201709 -0.007 103.345 -0.009
201712 -0.010 103.345 -0.013
201803 -0.011 105.004 -0.014
201806 -0.014 105.557 -0.018
201809 -0.015 105.636 -0.019
201812 -0.015 105.399 -0.019
201903 -0.017 106.979 -0.021
201906 -0.001 107.690 -0.001
201909 -0.002 107.611 -0.002
201912 -0.003 107.769 -0.004
202003 -0.004 107.927 -0.005
202006 -0.005 108.401 -0.006
202009 -0.006 108.164 -0.007
202012 -0.007 108.559 -0.009
202103 -0.003 110.298 -0.004
202106 -0.004 111.720 -0.005
202109 -0.005 112.905 -0.006
202112 -0.005 113.774 -0.006
202203 -0.001 117.646 -0.001
202206 -0.003 120.806 -0.003
202209 -0.003 120.648 -0.003
202212 -0.004 120.964 -0.004
202303 -0.005 122.702 -0.005
202306 -0.006 124.203 -0.006
202309 -0.007 125.230 -0.007
202312 -0.007 125.072 -0.007
202403 -0.008 126.258 -0.008
202406 -0.009 127.522 -0.009
202409 -0.010 127.285 -0.010
202412 -0.010 127.364 -0.010
202503 -0.010 129.181 -0.010
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.


Many Bright Ideas Technologies Business Description

Other Exchanges MBI.H:Canada
Address 598 East Kent Avenue South, Vancouver, BC, CAN, V5X 4V6
Many Bright Ideas Technologies Inc is a Canada-based life science company. It focused on the development and commercialization of genomic-based clinical laboratory diagnostic tests. The company is engaged in managing the license and rights to GeneFx Lung, which is a proprietary gene expression-based test for identifying those patients with early-stage non-small-cell lung cancer.