Carbacid Investments (NAI:CARB) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

NAI:CARB Carbacid Investments PLC NAI:CARB
84 GF Score
Price KES38.55
GF Value KES22.66
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Carbacid Investments Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carbacid Investments  (NAI:CARB) 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.


Carbacid Investments Cyclically Adjusted PB Ratio Related Terms


Carbacid Investments Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carbacid Investments'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.

Carbacid Investments Cyclically Adjusted PB Ratio Chart

Carbacid Investments Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 0.88 1.19 1.11 1.32

Carbacid Investments Semi-Annual Data
Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan19 Jul19 Jan20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 1.09 1.11 1.28 1.32 1.85

NAI:CARB vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Carbacid Investments'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.


Carbacid Investments Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carbacid Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NAI:CARB
84GF Score
Carbacid Investments PLC NAI:CARB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carbacid Investments 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.

Carbacid Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Jul25 is calculated as:

For example, Carbacid Investments's adjusted Book Value per Share data for the fiscal year that ended in Jul25 was:

Adj_Book=Book Value per Share/CPI of Jul25 (Change)*Current CPI (Jul25)
=20.175/323.0480*323.0480
=20.175

Current CPI (Jul25) = 323.0480.

Carbacid Investments Annual Data

Book Value per Share CPI Adj_Book
201607 10.493 240.628 14.087
201707 11.474 244.786 15.142
201807 11.945 252.006 15.312
201907 12.272 256.571 15.452
202007 12.761 259.101 15.910
202107 13.690 273.003 16.200
202207 14.866 296.276 16.209
202307 16.331 305.691 17.258
202407 17.940 314.540 18.425
202507 20.175 323.048 20.175

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 Carbacid Investments (NAI:CARB) Overvalued in 2026?

Based on GuruFocus' analysis, Carbacid Investments stock appears to be overvalued. The current stock price of KES38.55 is trading 70.1% above its estimated GF Value™ of KES22.66. GuruFocus considers Carbacid Investments to be Significantly Overvalued.

Key valuation signals for NAI:CARB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: KES22.66 vs. price of KES38.55 (70.1% above fair value)
  • GF Score™: 84/100 with 3 warning signs

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


Carbacid Investments Business Description

Address Eldama Ravine Close, Off Eldama Ravine Road, PO Box 764, ALN House, Westlands, L.R. No. 1870/1/569, Sarit Centre, Nairobi, KEN, 00606
Carbacid Investments PLC is an investment and holding company with three subsidiaries. The main activities of the business are mining and marketing of carbon dioxide gas, and investment. These are organized in the following operating segments: Trading and Investment. It derives substantial revenue from trading activities. It caters to domestic and overseas markets. Key revenue is derived from the sale of Carbon dioxide gas.
84GF Score

Get the complete analysis for NAI:CARB

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

KES38.55
Price
KES22.66
GF Value