TDBSF (TDb Split) Cyclically Adjusted PB Ratio: 0.60 (As of Aug. 16, 2026) — 34% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

TDBSF TDb Split Corp TDBSF
35 GF Score
Price $4.15
! 4 Warning Signs
View Full Analysis

What is TDb Split Cyclically Adjusted PB Ratio?

TDb Split TDBSF 35 Cyclically Adjusted PB Ratio is 0.60 as of Aug. 16, 2026, which is 34% below its 10-year median of 0.91. GuruFocus rates TDBSF with a GF Score™ of 35/100. The stock has 4 warning signs investors should review. Among 1,008 Asset Management companies, TDb Split ranks worse than 66.37% on this metric.

As of today (2026-08-16), TDb Split's current share price is $4.15. TDb Split's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 was $6.97. TDb Split's Cyclically Adjusted PB Ratio for today is 0.60.

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

TDBSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.91   Max: 1.83
Current: 1.13

During the past 13 years, TDb Split's highest Cyclically Adjusted PB Ratio was 1.83. The lowest was 0.27. And the median was 0.91.

TDBSF's Cyclically Adjusted PB Ratio is ranked worse than
66.37% of 1008 companies
in the Asset Management industry
Industry Median: 0.86 vs TDBSF: 1.13

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.

TDb Split's adjusted book value per share data of for the fiscal year that ended in Nov25 was $6.140. 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 $6.97 for the trailing ten years ended in Nov25.

Shiller PE for Stocks: The True Measure of Stock Valuation


TDb Split  (OTCPK:TDBSF) 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.


TDb Split Cyclically Adjusted PB Ratio Related Terms


TDb Split Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TDb Split'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.

TDb Split Cyclically Adjusted PB Ratio Chart

TDb Split Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 0.84 0.57 0.43 0.60

TDb Split Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 0.43 0.00 0.60 0.00

TDBSF vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, TDb Split'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.


TDb Split Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, TDb Split's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TDBSF
35GF Score
TDb Split Corp TDBSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TDb Split 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.

TDb Split's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.15/6.97
=0.60

* 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.

TDb Split's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 is calculated as:

For example, TDb Split's adjusted Book Value per Share data for the fiscal year that ended in Nov25 was:

Adj_Book=Book Value per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=6.14/130.6821*130.6821
=6.140

Current CPI (Nov25) = 130.6821.

TDb Split Annual Data

Book Value per Share CPI Adj_Book
201611 7.845 101.607 10.090
201711 10.258 103.740 12.922
201811 8.989 105.478 11.137
201911 8.826 107.769 10.702
202011 3.218 108.796 3.865
202111 7.206 113.932 8.265
202211 5.485 121.675 5.891
202311 3.005 125.468 3.130
202411 1.647 127.838 1.684
202511 6.140 130.682 6.140

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 0.60 mean?
TDb Split (TDBSF) has a Cyclically Adjusted PB Ratio of 0.60 as of Aug. 16, 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 TDb Split and its competitors. This is 34% below median its historical median of 0.91. Over the past decade, TDb Split's Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.83. According to the industry distribution chart, TDb Split ranks #669 out of 1008 companies in the Asset Management industry, placing it in the top 66.4%.
Is TDb Split's Cyclically Adjusted PB Ratio too high?
TDb Split's current Cyclically Adjusted PB Ratio of 0.60 is 34% below median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.83. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. TDb Split's value of 0.60 is 30.2% below this industry median. Based on the distribution chart, TDb Split ranks #669 out of 1008 companies in the Asset Management industry, which is below the industry midpoint. Overall, TDb Split has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does TDb Split's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, TDb Split ranks #669 out of 1008 companies for Cyclically Adjusted PB Ratio. This places TDb Split in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. TDb Split's value of 0.60 is 30.2% below this benchmark. Historically, TDb Split's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.83 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.86, TDb Split has consistently been below 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.86, based on 1,008 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. TDb Split's current Cyclically Adjusted PB Ratio of 0.60 is 30.2% below 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 TDb Split and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TDb Split's current Cyclically Adjusted PB Ratio is 0.60, which is 34% below median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TDb Split stock overvalued right now?
TDb Split (TDBSF) has a current Cyclically Adjusted PB Ratio of 0.60. The current Cyclically Adjusted PB Ratio is 0.60, which is 34% below median its 10-year median of 0.91 and 30.2% below the Asset Management industry median of 0.86. TDb Split's overall GF Score™ is 35/100 with 4 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 TDb Split (TDBSF), the current Cyclically Adjusted PB Ratio is 0.60 as of Aug. 16, 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.

TDb Split Business Description

Address 200 Front Street West, Suite 2510, P.O Box 51, Toronto, ON, CAN, M5V 3K2
TDb Split Corp is a mutual fund corporation. It offers two types of shares Priority Equity Shares and Class A Shares. The company's investment objective for the Priority Equity Shares is to provide holders of Priority Equity Shares with cumulative preferential monthly cash dividends and its investment objective for the Class A Shares is to provide holders with regular monthly cash dividends. Its products are Income Financial Trust, Financial 15 Split Corp, North American Financial 15 Split Corp, Financial 15 Split Corp, Dividend 15 Split Corp, Dividend Dividend 15 Split Corp. II, Dividend Select 15 Corp, Quadravest Preferred ETF, Canadian Life Companies Split Corp, Canadian Banc Corp, Prime Dividend Corp, M-Split Corp, Commerce Split Corp, TDb Split Corp, etc.
35GF Score

Get the complete analysis for TDBSF

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

$4.15
Price