MHIVF (Invesque) Cyclically Adjusted PB Ratio: 0.02 (As of Jul. 24, 2026) — 33% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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 Invesque Cyclically Adjusted PB Ratio?

Invesque MHIVF -15.73% Cyclically Adjusted PB Ratio is 0.02 as of Jul. 24, 2026, which is 33% below its 10-year median of 0.03. The stock has 8 warning signs investors should review. Among 1,431 Real Estate companies, Invesque ranks better than 99.93% on this metric.

As of today (2026-07-24), Invesque's current share price is $0.075. Invesque's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.80. Invesque's Cyclically Adjusted PB Ratio for today is 0.02.

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

MHIVF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 22.5
Current: 0.01

During the past years, Invesque's highest Cyclically Adjusted PB Ratio was 22.50. The lowest was 0.01. And the median was 0.03.

MHIVF's Cyclically Adjusted PB Ratio is ranked better than
99.93% of 1431 companies
in the Real Estate industry
Industry Median: 0.7 vs MHIVF: 0.01

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.

Invesque's adjusted book value per share data for the three months ended in Mar. 2026 was $0.104. 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 $4.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesque  (OTCPK:MHIVF) 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.


Invesque Cyclically Adjusted PB Ratio Related Terms


Invesque Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Invesque'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.

Invesque Cyclically Adjusted PB Ratio Chart

Invesque 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 0.08 0.01 0.02

Invesque 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 0.02 0.02 0.02 0.02 0.02

MHIVF vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Invesque'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.


Invesque Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Invesque's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Invesque 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.075/4.80
=0.02

* 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.

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

For example, Invesque'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)
=0.104/132.2623*132.2623
=0.104

Current CPI (Mar. 2026) = 132.2623.

Invesque Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.199 102.002 11.928
201609 9.099 101.765 11.826
201612 9.225 101.449 12.027
201703 9.204 102.634 11.861
201706 9.182 103.029 11.787
201709 9.163 103.345 11.727
201712 9.056 103.345 11.590
201803 8.843 105.004 11.139
201806 8.831 105.557 11.065
201809 8.838 105.636 11.066
201812 7.979 105.399 10.013
201903 7.954 106.979 9.834
201906 7.467 107.690 9.171
201909 7.257 107.611 8.919
201912 7.226 107.769 8.868
202003 5.904 107.927 7.235
202006 5.373 108.401 6.556
202009 4.313 108.164 5.274
202012 3.721 108.559 4.533
202103 3.766 110.298 4.516
202106 3.723 111.720 4.408
202109 3.591 112.905 4.207
202112 3.608 113.774 4.194
202203 3.612 117.646 4.061
202206 3.458 120.806 3.786
202209 3.169 120.648 3.474
202212 2.607 120.964 2.851
202303 2.329 122.702 2.510
202306 1.577 124.203 1.679
202309 1.741 125.230 1.839
202312 1.089 125.072 1.152
202403 0.939 126.258 0.984
202406 0.649 127.522 0.673
202409 0.524 127.285 0.544
202412 0.134 127.364 0.139
202503 0.124 129.181 0.127
202506 0.144 129.892 0.147
202509 0.107 130.287 0.109
202512 0.103 130.366 0.104
202603 0.104 132.262 0.104

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 0.02 mean?
Invesque (MHIVF) has a Cyclically Adjusted PB Ratio of 0.02 as of Jul. 24, 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 Invesque and its competitors. This is 33% below median its historical median of 0.03. Over the past decade, Invesque's Cyclically Adjusted PB Ratio has ranged from 0.01 to 22.50. According to the industry distribution chart, Invesque ranks #1 out of 1431 companies in the Real Estate industry, placing it in the top 0.099999999999994%.
Is Invesque's Cyclically Adjusted PB Ratio too high?
Invesque's current Cyclically Adjusted PB Ratio of 0.02 is 33% below median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 22.50. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. Invesque's value of 0.02 is 97.1% below this industry median. Based on the distribution chart, Invesque ranks #1 out of 1431 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers.
How does Invesque's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Invesque ranks #1 out of 1431 companies for Cyclically Adjusted PB Ratio. This places Invesque in the top 0% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.70. Invesque's value of 0.02 is 97.1% below this benchmark. Historically, Invesque's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 22.50 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 0.70, Invesque 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.70, based on 1,431 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. Invesque's current Cyclically Adjusted PB Ratio of 0.02 is 97.1% 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 Invesque and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invesque's current Cyclically Adjusted PB Ratio is 0.02, which is 33% below median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesque stock overvalued right now?
Invesque (MHIVF) has a current Cyclically Adjusted PB Ratio of 0.02. The current Cyclically Adjusted PB Ratio is 0.02, which is 33% below median its 10-year median of 0.03 and 97.1% below the Real Estate industry median of 0.70. 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 Invesque (MHIVF), the current Cyclically Adjusted PB Ratio is 0.02 as of Jul. 24, 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.

Invesque Business Description

Address 333 Bay Street, Suite 3400, Toronto, ON, CAN, M5H 2S7
Invesque Inc owns a portfolio of North American income generating properties across the health care spectrum. The company's investment property portfolio includes investments in assisted living, memory care and independent living properties, which are operated under management contracts or joint venture arrangements with operating partners. Its consolidated portfolio includes investments in owner-occupied seniors housing properties where the company owns the real estate and the operations, which are outsourced under management contracts to third party management companies. Its segments include Seniors housing and care investment properties, Owner occupied properties, and corporate/others.