PBKOF (Pollard Banknote) Cyclically Adjusted PB Ratio: 2.06 (As of Jul. 05, 2026) — 65% Below Median


PBKOF Pollard Banknote Ltd PBKOF
72 GF Score
Price $12.28
GF Value $19.51
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Pollard Banknote Cyclically Adjusted PB Ratio?

Pollard Banknote PBKOF 72 Cyclically Adjusted PB Ratio is 2.06 as of Jul. 05, 2026, which is 65% below its 10-year median of 5.84. GuruFocus rates PBKOF with a GF Score™ of 72/100 and a GF Value™ of $19.51 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 654 Travel & Leisure companies, Pollard Banknote ranks worse than 67.74% on this metric.

As of today (2026-07-05), Pollard Banknote's current share price is $12.28. Pollard Banknote's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $5.97. Pollard Banknote's Cyclically Adjusted PB Ratio for today is 2.06.

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

PBKOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.96   Med: 5.84   Max: 21.23
Current: 2.17

During the past years, Pollard Banknote's highest Cyclically Adjusted PB Ratio was 21.23. The lowest was 1.96. And the median was 5.84.

PBKOF's Cyclically Adjusted PB Ratio is ranked worse than
67.74% of 654 companies
in the Travel & Leisure industry
Industry Median: 1.235 vs PBKOF: 2.17

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.

Pollard Banknote's adjusted book value per share data for the three months ended in Mar. 2026 was $10.138. 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 $5.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pollard Banknote  (OTCPK:PBKOF) 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.


Pollard Banknote Cyclically Adjusted PB Ratio Related Terms


Pollard Banknote Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pollard Banknote'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.

Pollard Banknote Cyclically Adjusted PB Ratio Chart

Pollard Banknote 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 11.63 4.38 5.99 3.74 2.52

Pollard Banknote 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 2.92 3.05 3.11 2.52 2.24

PBKOF vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Pollard Banknote'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.


Pollard Banknote Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pollard Banknote's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PBKOF
72GF Score
Pollard Banknote Ltd PBKOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pollard Banknote 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.

Pollard Banknote's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.28/5.97
=2.06

* 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.

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

For example, Pollard Banknote'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)
=10.138/132.2600*132.2600
=10.138

Current CPI (Mar. 2026) = 132.2600.

Pollard Banknote Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.534 102.002 1.989
201609 1.587 101.765 2.063
201612 1.651 101.449 2.152
201703 1.674 102.634 2.157
201706 1.691 103.029 2.171
201709 2.070 103.345 2.649
201712 1.915 103.345 2.451
201803 3.042 105.004 3.832
201806 3.287 105.557 4.119
201809 3.533 105.636 4.423
201812 3.417 105.399 4.288
201903 3.429 106.979 4.239
201906 3.380 107.690 4.151
201909 3.526 107.611 4.334
201912 3.652 107.769 4.482
202003 3.814 107.927 4.674
202006 3.724 108.401 4.544
202009 4.098 108.164 5.011
202012 4.324 108.559 5.268
202103 5.829 110.298 6.990
202106 6.096 111.720 7.217
202109 5.995 112.905 7.023
202112 6.007 113.774 6.983
202203 6.353 117.646 7.142
202206 6.557 120.806 7.179
202209 6.606 120.648 7.242
202212 6.889 120.964 7.532
202303 6.984 122.702 7.528
202306 7.220 124.203 7.688
202309 7.572 125.230 7.997
202312 7.594 125.072 8.030
202403 8.020 126.258 8.401
202406 8.337 127.522 8.647
202409 8.851 127.285 9.197
202412 8.667 127.364 9.000
202503 8.961 129.181 9.175
202506 9.629 129.892 9.805
202509 9.933 130.290 10.083
202512 10.000 130.370 10.145
202603 10.138 132.260 10.138

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 2.06 mean?
Pollard Banknote (PBKOF) has a Cyclically Adjusted PB Ratio of 2.06 as of Jul. 05, 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 Pollard Banknote and its competitors. This is 65% below median its historical median of 5.84. Over the past decade, Pollard Banknote's Cyclically Adjusted PB Ratio has ranged from 1.96 to 21.23. According to the industry distribution chart, Pollard Banknote ranks #443 out of 654 companies in the Travel & Leisure industry, placing it in the top 67.7%.
Is Pollard Banknote's Cyclically Adjusted PB Ratio too high?
Pollard Banknote's current Cyclically Adjusted PB Ratio of 2.06 is 65% below median its 10-year median of 5.84. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 21.23. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.24. Pollard Banknote's value of 2.06 is 66.8% above this industry median. Based on the distribution chart, Pollard Banknote ranks #443 out of 654 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Pollard Banknote has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pollard Banknote's Cyclically Adjusted PB Ratio compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Pollard Banknote ranks #443 out of 654 companies for Cyclically Adjusted PB Ratio. This places Pollard Banknote in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Pollard Banknote's value of 2.06 is 66.8% above this benchmark. Historically, Pollard Banknote's own Cyclically Adjusted PB Ratio has ranged from 1.96 to 21.23 over the past decade. While the company's 10-year median is 5.84 vs. the industry median of 1.24, Pollard Banknote has consistently been above 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.24, based on 654 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. Pollard Banknote's current Cyclically Adjusted PB Ratio of 2.06 is 66.8% above 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 Pollard Banknote and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pollard Banknote's current Cyclically Adjusted PB Ratio is 2.06, which is 65% below median its own 10-year median of 5.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pollard Banknote stock overvalued right now?
Based on GuruFocus' analysis, Pollard Banknote (PBKOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.51, compared to a current price of $12.28 — trading 37.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.06, which is 65% below median its 10-year median of 5.84 and 66.8% above the Travel & Leisure industry median of 1.24. Pollard Banknote's overall GF Score™ is 72/100 with 5 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 Pollard Banknote (PBKOF), the current Cyclically Adjusted PB Ratio is 2.06 as of Jul. 05, 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 Pollard Banknote (PBKOF) Overvalued in 2026?

Based on GuruFocus' analysis, Pollard Banknote stock appears to be undervalued. The current stock price of $12.28 is trading 37.1% below its estimated GF Value™ of $19.51. GuruFocus considers Pollard Banknote to be Significantly Undervalued.

Key valuation signals for PBKOF:

  • Cyclically Adjusted PB Ratio: 2.06 (65% below median its 10-year median of 5.84)
  • GF Value™: $19.51 vs. price of $12.28 (37.1% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 66.8% above the Travel & Leisure median (#443 of 654)

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


Pollard Banknote Business Description

Other Exchanges 67L:GermanyPBL:Canada
Address 140 Otter Street, Winnipeg, MB, CAN, R3T 0M8
Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has one reportable segment, which comprises its four operating segments which includes Lotteries, Charitable gaming, eGaming systems, and Retail. The company has its geographic presence in Canada, United States and International. It generates majority of its revenue from United States.
72GF Score

Get the complete analysis for PBKOF

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

$12.28
Price
$19.51
GF Value