QWTR (Quest Water Global) Cyclically Adjusted PB Ratio: (As of Aug. 06, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Quest Water Global Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Quest Water Global  (OTCPK:QWTR) 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.


Quest Water Global Cyclically Adjusted PB Ratio Related Terms


Quest Water Global Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Quest Water Global'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.

Quest Water Global Cyclically Adjusted PB Ratio Chart

Quest Water Global Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Quest Water Global Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.00 0.00 0.00 0.00 0.00

QWTR vs DEVSF, BNET, CLWT: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Quest Water Global'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.


Quest Water Global Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quest Water Global's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Quest Water Global 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.

Quest Water Global's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Quest Water Global's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=-0.022/130.2871*130.2871
=-0.022

Current CPI (Sep. 2025) = 130.2871.

Quest Water Global Quarterly Data

Book Value per Share CPI Adj_Book
201012 0.000 92.836 0.000
201103 0.000 94.338 0.000
201106 0.000 94.654 0.000
201109 0.000 95.286 0.000
201112 -0.008 94.970 -0.011
201203 -0.003 96.155 -0.004
201206 -0.005 96.076 -0.007
201209 -0.006 96.392 -0.008
201212 -0.007 95.760 -0.010
201303 -0.009 97.103 -0.012
201306 -0.011 97.182 -0.015
201309 -0.013 97.419 -0.017
201312 -0.017 96.945 -0.023
201403 -0.019 98.604 -0.025
201406 -0.013 99.473 -0.017
201409 -0.013 99.394 -0.017
201912 -0.035 107.769 -0.042
202003 0.000 107.927 0.000
202006 0.000 108.401 0.000
202009 0.000 108.164 0.000
202012 -0.040 108.559 -0.048
202103 -0.041 110.298 -0.048
202106 -0.042 111.720 -0.049
202109 -0.044 112.905 -0.051
202112 -0.044 113.774 -0.050
202203 -0.045 117.646 -0.050
202206 -0.046 120.806 -0.050
202209 -0.008 120.648 -0.009
202212 -0.009 120.964 -0.010
202303 -0.011 122.702 -0.012
202306 -0.012 124.203 -0.013
202309 -0.013 125.230 -0.014
202312 -0.014 125.072 -0.015
202403 -0.015 126.258 -0.015
202406 -0.016 127.522 -0.016
202409 -0.017 127.285 -0.017
202412 -0.018 127.364 -0.018
202503 -0.019 129.181 -0.019
202506 -0.021 129.892 -0.021
202509 -0.022 130.287 -0.022

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.


Quest Water Global Business Description

Address 828 Harbourside Drive, Suite 209, North Vancouver, BC, CAN, V7P 3R9
Quest Water Global Inc is engaged in the pollution and treatment controls business sector. The company provides various solutions to water-scarce regions. The Company has only one operating segment which is the construction and distribution of water equipment that provides drinking water to areas of the world where water and/or infrastructure is scarce. The company's product portfolio consists of AQUAtap, which is a self-contained, solar-powered, decentralized water purification and distribution system, and WEPS (Water Extraction and Purification Systems), which provide water-scarce regions with an alternate, sustainable, pure source of water, AQUAguard, AQUAcube, AquaTap, and others.