MXGFF (Maxim Power) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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.

MXGFF Maxim Power Corp MXGFF
66 GF Score
Price $2.96
GF Value $2.87
Valuation Fairly Valued
! 2 Warning Signs
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What is Maxim Power Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxim Power  (OTCPK:MXGFF) 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.


Maxim Power Cyclically Adjusted PB Ratio Related Terms


Maxim Power Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maxim Power'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.

Maxim Power Cyclically Adjusted PB Ratio Chart

Maxim Power 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 0.91 0.72 0.93 1.09 0.96

Maxim Power Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.92 0.98 0.94 0.91 0.90

MXGFF vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.


Maxim Power Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Maxim Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MXGFF
66GF Score
Maxim Power Corp MXGFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Maxim Power 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.

Maxim Power's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Maxim Power's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.66/133.5265*133.5265
=3.660

Current CPI (Jun. 2026) = 133.5265.

Maxim Power Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.691 102.002 3.523
201609 2.421 101.765 3.177
201703 2.106 102.634 2.740
201706 2.347 103.029 3.042
201709 2.358 103.345 3.047
201712 2.172 103.345 2.806
201803 2.063 105.004 2.623
201806 2.066 105.557 2.613
201809 2.051 105.636 2.593
201812 2.071 105.399 2.624
201903 2.011 106.979 2.510
201906 2.082 107.690 2.581
201909 2.088 107.611 2.591
201912 2.138 107.769 2.649
202003 1.964 107.927 2.430
202006 2.039 108.401 2.512
202009 2.088 108.164 2.578
202012 2.331 108.559 2.867
202103 2.787 110.298 3.374
202106 3.307 111.720 3.952
202109 3.514 112.905 4.156
202112 3.590 113.774 4.213
202203 3.894 117.646 4.420
202206 3.903 120.806 4.314
202209 3.998 120.648 4.425
202212 3.952 120.964 4.362
202303 4.065 122.702 4.424
202306 4.235 124.203 4.553
202309 4.071 125.230 4.341
202312 4.463 125.072 4.765
202403 4.489 126.258 4.747
202406 4.457 127.522 4.667
202409 4.676 127.285 4.905
202412 3.450 127.364 3.617
202503 3.486 129.181 3.603
202506 3.684 129.892 3.787
202509 3.736 130.287 3.829
202512 3.822 130.366 3.915
202603 3.754 132.262 3.790
202606 3.660 133.527 3.660

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 Maxim Power (MXGFF) Overvalued in 2026?

Based on GuruFocus' analysis, Maxim Power stock appears to be overvalued. The current stock price of $2.96 is trading 3.1% above its estimated GF Value™ of $2.87. GuruFocus considers Maxim Power to be Fairly Valued.

Key valuation signals for MXGFF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.87 vs. price of $2.96 (3.1% above fair value)
  • GF Score™: 66/100 with 2 warning signs

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


Maxim Power Business Description

Other Exchanges MP9:GermanyMXG:Canada
Address 715 - 5 Avenue SW, Suite 1800, Calgary, AB, CAN, T2P 2X6
Maxim Power Corp is an independent power producer. The company is engaged in the development, ownership, and operation of power generation facilities and the resultant sale of generating capacity and electricity. It is focused entirely on power projects in Alberta. The company's core asset is the 300 MW H.R. Milner Plant (M2) in Grande Cache, AB is a combined cycle gas-fired power plant that was commissioned in Q4, 2023. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.
66GF Score

Get the complete analysis for MXGFF

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

$2.96
Price
$2.87
GF Value