Red Cat Holdings (MIL:1RCAT) Cyclically Adjusted PB Ratio: (As of Jul. 23, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

MIL:1RCAT Red Cat Holdings Inc MIL:1RCAT
48 GF Score
Price €7.20
GF Value €7.22
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Red Cat Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Red Cat Holdings  (MIL:1RCAT) 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.


Red Cat Holdings Cyclically Adjusted PB Ratio Related Terms


Red Cat Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Red Cat Holdings'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.

Red Cat Holdings Cyclically Adjusted PB Ratio Chart

Red Cat Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.02 0.01 0.00 0.01

Red Cat Holdings Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 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 0.06 0.15 0.00 0.00 0.00

MIL:1RCAT vs CDRE, VOYG, AVEX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Red Cat Holdings'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.


Red Cat Holdings Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Red Cat Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:1RCAT
48GF Score
Red Cat Holdings Inc MIL:1RCAT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Red Cat Holdings 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.

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

For example, Red Cat Holdings'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)
=1.695/330.2130*330.2130
=1.695

Current CPI (Mar. 2026) = 330.2130.

Red Cat Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 -104.000 238.132 -144.215
201606 -125.000 241.018 -171.260
201609 137.028 241.428 187.420
201612 -136.892 241.432 -187.231
201703 -85.816 243.801 -116.232
201706 -62.667 244.955 -84.479
201709 -64.590 246.819 -86.413
201712 -72.769 246.524 -97.472
201803 -5.146 249.554 -6.809
201806 -4.626 251.989 -6.062
201809 -6.219 252.439 -8.135
201812 -11.250 251.233 -14.787
201903 -12.551 254.202 -16.304
201906 0.964 256.143 1.243
201910 0.006 257.346 0.008
202001 0.082 257.971 0.105
202004 0.069 256.389 0.089
202007 0.053 259.101 0.068
202010 0.045 260.388 0.057
202101 -0.020 261.582 -0.025
202104 0.149 267.054 0.184
202107 1.347 273.003 1.629
202110 1.373 276.589 1.639
202201 1.373 281.148 1.613
202204 1.342 289.109 1.533
202207 1.368 296.276 1.525
202210 1.296 298.012 1.436
202301 1.107 299.170 1.222
202304 0.915 303.363 0.996
202307 0.814 305.691 0.879
202310 0.781 307.671 0.838
202401 0.614 308.417 0.657
202404 0.547 313.548 0.576
202407 0.400 314.540 0.420
202410 0.318 315.664 0.333
202503 0.312 319.799 0.322
202506 0.841 322.561 0.861
202509 1.826 324.800 1.856
202512 1.748 324.054 1.781
202603 1.695 330.213 1.695

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.

Is Red Cat Holdings (MIL:1RCAT) Overvalued in 2026?

Based on GuruFocus' analysis, Red Cat Holdings stock appears to be undervalued. The current stock price of €7.20 is trading 0.2% below its estimated GF Value™ of €7.22. GuruFocus considers Red Cat Holdings to be Modestly Overvalued.

Key valuation signals for MIL:1RCAT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €7.22 vs. price of €7.20 (0.2% below fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the MIL:1RCAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Red Cat Holdings Business Description

Other Exchanges RCAT:USABQ73:Germany
Address 2800 South West Temple, Suite 5, South Salt Lake, UT, USA, 84115
Red Cat Holdings Inc is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Its suite of solutions includes the Arachnid family of ISR and precision strike drones, which includes the Black Widow, a small unmanned ISR system; and WEB (Warfighter Electronic Bridge) GCS, designed to command and control an entire drone family of systems for military operations. Its other offerings include Edge 130 Blue drone systems, Trichon, a fixed-wing VTOL for extended endurance and range, and FANG FPV drones optimized for military operations with precision strike capabilities. The firm's Division includes Teal, FlightWave, and Blue Ops.
48GF Score

Get the complete analysis for MIL:1RCAT

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

€7.20
Price
€7.22
GF Value