Enghouse Systems (MEX:ENGHN) Cyclically Adjusted PB Ratio: 1.81 (As of Aug. 15, 2026) — 76% Below Median

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.

MEX:ENGHN Enghouse Systems Ltd MEX:ENGHN
58 GF Score
Price MXN456.73
GF Value MXN694.18
! 4 Warning Signs
View Full Analysis

What is Enghouse Systems Cyclically Adjusted PB Ratio?

Enghouse Systems MEX:ENGHN 58 Cyclically Adjusted PB Ratio is 1.81 as of Aug. 15, 2026, which is 76% below its 10-year median of 7.60. GuruFocus rates MEX:ENGHN with a GF Score™ of 58/100 and a GF Value™ of MXN694.18. The stock has 4 warning signs investors should review. Among 1,552 Software companies, Enghouse Systems ranks better than 57.54% on this metric.

As of today (2026-08-15), Enghouse Systems's current share price is MXN456.73. Enghouse Systems's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was MXN252.48. Enghouse Systems's Cyclically Adjusted PB Ratio for today is 1.81.

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

MEX:ENGHN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 7.6   Max: 16.26
Current: 1.88

During the past years, Enghouse Systems's highest Cyclically Adjusted PB Ratio was 16.26. The lowest was 1.67. And the median was 7.60.

MEX:ENGHN's Cyclically Adjusted PB Ratio is ranked better than
57.54% of 1552 companies
in the Software industry
Industry Median: 2.315 vs MEX:ENGHN: 1.88

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.

Enghouse Systems's adjusted book value per share data for the three months ended in Apr. 2026 was MXN139.721. 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 MXN252.48 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enghouse Systems  (MEX:ENGHN) 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.


Enghouse Systems Cyclically Adjusted PB Ratio Related Terms


Enghouse Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Enghouse Systems'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.

Enghouse Systems Cyclically Adjusted PB Ratio Chart

Enghouse Systems Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.15 4.46 4.31 3.57 2.32

Enghouse Systems Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.91 2.60 2.32 2.06 1.81

MEX:ENGHN vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Enghouse Systems'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.


Enghouse Systems Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Enghouse Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:ENGHN
58GF Score
Enghouse Systems Ltd MEX:ENGHN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enghouse Systems 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.

Enghouse Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=456.73/252.48
=1.81

* 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.

Enghouse Systems's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Enghouse Systems's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=139.721/132.7364*132.7364
=139.721

Current CPI (Apr. 2026) = 132.7364.

Enghouse Systems Quarterly Data

Book Value per Share CPI Adj_Book
201607 67.536 101.844 88.022
201610 70.763 102.002 92.085
201701 79.296 102.318 102.871
201704 75.335 103.029 97.057
201707 73.988 103.029 95.322
201710 86.117 103.424 110.524
201801 86.411 104.056 110.228
201804 89.147 105.320 112.353
201807 88.082 106.110 110.184
201810 99.918 105.952 125.177
201901 95.900 105.557 120.593
201904 98.773 107.453 122.014
201907 100.703 108.243 123.490
201910 106.789 107.927 131.336
202001 110.253 108.085 135.398
202004 140.125 107.216 173.478
202007 143.365 108.401 175.549
202010 144.337 108.638 176.354
202101 121.454 109.192 147.643
202104 122.408 110.851 146.576
202107 124.974 112.431 147.545
202110 135.166 113.695 157.803
202201 138.786 114.801 160.468
202204 136.667 118.357 153.271
202207 132.011 120.964 144.859
202210 133.358 121.517 145.671
202301 132.551 121.596 144.695
202304 129.830 123.571 139.459
202307 121.357 124.914 128.956
202310 132.316 125.310 140.158
202401 128.849 125.072 136.744
202404 129.040 126.890 134.986
202407 143.186 128.075 148.398
202410 156.671 127.838 162.674
202501 157.806 127.443 164.361
202504 152.758 129.102 157.058
202507 150.207 130.290 153.027
202510 147.582 130.603 149.993
202601 138.664 130.366 141.185
202604 139.721 132.736 139.721

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 1.81 mean?
Enghouse Systems (MEX:ENGHN) has a Cyclically Adjusted PB Ratio of 1.81 as of Aug. 15, 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 Enghouse Systems and its competitors. This is 76% below median its historical median of 7.60. Over the past decade, Enghouse Systems' Cyclically Adjusted PB Ratio has ranged from 1.67 to 16.26. According to the industry distribution chart, Enghouse Systems ranks #659 out of 1552 companies in the Software industry, placing it in the top 42.5%.
Is Enghouse Systems' Cyclically Adjusted PB Ratio too high?
Enghouse Systems' current Cyclically Adjusted PB Ratio of 1.81 is 76% below median its 10-year median of 7.60. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 16.26. The Software industry median Cyclically Adjusted PB Ratio is 2.32. Enghouse Systems' value of 1.81 is 21.8% below this industry median. Based on the distribution chart, Enghouse Systems ranks #659 out of 1552 companies in the Software industry, which is above the industry midpoint. Overall, Enghouse Systems has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Enghouse Systems' Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Enghouse Systems ranks #659 out of 1552 companies for Cyclically Adjusted PB Ratio. This puts Enghouse Systems in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.32. Enghouse Systems' value of 1.81 is 21.8% below this benchmark. Historically, Enghouse Systems' own Cyclically Adjusted PB Ratio has ranged from 1.67 to 16.26 over the past decade. While the company's 10-year median is 7.60 vs. the industry median of 2.32, Enghouse Systems has consistently been below 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.32, based on 1,552 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. Enghouse Systems's current Cyclically Adjusted PB Ratio of 1.81 is 21.8% below 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 Enghouse Systems and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enghouse Systems's current Cyclically Adjusted PB Ratio is 1.81, which is 76% below median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enghouse Systems stock overvalued right now?
Enghouse Systems (MEX:ENGHN) has a current Cyclically Adjusted PB Ratio of 1.81. The stock's GF Value™ is MXN694.18, compared to a current price of MXN456.73 — trading 34.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.81, which is 76% below median its 10-year median of 7.60 and 21.8% below the Software industry median of 2.32. Enghouse Systems' overall GF Score™ is 58/100 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 Enghouse Systems (MEX:ENGHN), the current Cyclically Adjusted PB Ratio is 1.81 as of Aug. 15, 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 Enghouse Systems (MEX:ENGHN) Overvalued in 2026?

Based on GuruFocus' analysis, Enghouse Systems stock appears to be undervalued. The current stock price of MXN456.73 is trading 34.2% below its estimated GF Value™ of MXN694.18.

Key valuation signals for MEX:ENGHN:

  • Cyclically Adjusted PB Ratio: 1.81 (76% below median its 10-year median of 7.60)
  • GF Value™: MXN694.18 vs. price of MXN456.73 (34.2% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 21.8% below the Software median (#659 of 1552)

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


Enghouse Systems Business Description

Address 80 Tiverton Court, Suite 800, Investor Relations, Markham, ON, CAN, L3R 0G4
Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm's operations are organized in two segments, namely, the Interactive Management Group (IMG) and the Asset Management Group (AMG). It earns the majority of its revenue from Interactive Management Group. IMG specializes in contact center and video software and services designed to enhance customer service by increasing efficiency and managing customer communications across multiple types of interactions, including voice, email, social channels, web chats, text, and videos. The firm has operations in Canada, the United States, the United Kingdom, Europe, excluding Scandinavia, Germany, Asia-Pacific, and other regions, with maximum revenue from the USA.
58GF Score

Get the complete analysis for MEX:ENGHN

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

MXN456.73
Price
MXN694.18
GF Value