TGIFF (1933 Industries) Cyclically Adjusted PB Ratio: 0.09 (As of Jul. 23, 2026) — 55% 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.

What is 1933 Industries Cyclically Adjusted PB Ratio?

1933 Industries TGIFF -8.60% Cyclically Adjusted PB Ratio is 0.09 as of Jul. 23, 2026, which is 55% below its 10-year median of 0.20. The stock has 2 warning signs investors should review. Among 757 Drug Manufacturers companies, 1933 Industries ranks better than 97.36% on this metric.

As of today (2026-07-23), 1933 Industries's current share price is $0.00425. 1933 Industries's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $0.05. 1933 Industries's Cyclically Adjusted PB Ratio for today is 0.09.

The historical rank and industry rank for 1933 Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

TGIFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.2   Max: 0.95
Current: 0.08

During the past years, 1933 Industries's highest Cyclically Adjusted PB Ratio was 0.95. The lowest was 0.07. And the median was 0.20.

TGIFF's Cyclically Adjusted PB Ratio is ranked better than
97.36% of 757 companies
in the Drug Manufacturers industry
Industry Median: 1.84 vs TGIFF: 0.08

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.

1933 Industries's adjusted book value per share data for the three months ended in Apr. 2026 was $-0.005. 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 $0.05 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


1933 Industries  (OTCPK:TGIFF) 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.


1933 Industries Cyclically Adjusted PB Ratio Related Terms


1933 Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for 1933 Industries'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.

1933 Industries Cyclically Adjusted PB Ratio Chart

1933 Industries 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 0.29 0.13 0.16 0.15 0.15

1933 Industries Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.08 0.15 0.23 0.16 0.15

TGIFF vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, 1933 Industries'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.


1933 Industries Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, 1933 Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where 1933 Industries's Cyclically Adjusted PB Ratio falls into.



1933 Industries 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.

1933 Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.00425/0.05
=0.09

* 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.

1933 Industries's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, 1933 Industries's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=-0.005/132.7364*132.7364
=-0.005

Current CPI (Apr. 2026) = 132.7364.

1933 Industries Quarterly Data

Book Value per Share CPI Adj_Book
201607 -0.006 101.844 -0.008
201610 -0.007 102.002 -0.009
201701 -0.012 102.318 -0.016
201704 0.026 103.029 0.033
201707 0.084 103.029 0.108
201710 0.089 103.424 0.114
201801 0.122 104.056 0.156
201804 0.137 105.320 0.173
201807 0.123 106.110 0.154
201810 0.133 105.952 0.167
201901 0.121 105.557 0.152
201904 0.126 107.453 0.156
201907 0.102 108.243 0.125
201910 0.095 107.927 0.117
202001 0.080 108.085 0.098
202004 0.069 107.216 0.085
202007 0.049 108.401 0.060
202010 0.046 108.638 0.056
202101 0.041 109.192 0.050
202104 0.051 110.851 0.061
202107 0.046 112.431 0.054
202110 0.044 113.695 0.051
202201 0.043 114.801 0.050
202204 0.021 118.357 0.024
202207 0.015 120.964 0.016
202210 0.013 121.517 0.014
202301 0.013 121.596 0.014
202304 0.008 123.571 0.009
202307 -0.006 124.914 -0.006
202310 -0.006 125.310 -0.006
202401 -0.004 125.072 -0.004
202404 -0.005 126.890 -0.005
202407 -0.005 128.075 -0.005
202410 -0.006 127.838 -0.006
202501 -0.006 127.443 -0.006
202504 -0.006 129.102 -0.006
202507 -0.007 130.290 -0.007
202510 -0.006 130.603 -0.006
202601 -0.005 130.366 -0.005
202604 -0.005 132.736 -0.005

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 0.09 mean?
1933 Industries (TGIFF) has a Cyclically Adjusted PB Ratio of 0.09 as of Jul. 23, 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 1933 Industries and its competitors. This is 55% below median its historical median of 0.20. Over the past decade, 1933 Industries' Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.95. According to the industry distribution chart, 1933 Industries ranks #20 out of 757 companies in the Drug Manufacturers industry, placing it in the top 2.6%.
Is 1933 Industries' Cyclically Adjusted PB Ratio too high?
1933 Industries' current Cyclically Adjusted PB Ratio of 0.09 is 55% below median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.95. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.84. 1933 Industries' value of 0.09 is 95.1% below this industry median. Based on the distribution chart, 1933 Industries ranks #20 out of 757 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers.
How does 1933 Industries' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, 1933 Industries ranks #20 out of 757 companies for Cyclically Adjusted PB Ratio. This places 1933 Industries in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.84. 1933 Industries' value of 0.09 is 95.1% below this benchmark. Historically, 1933 Industries' own Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.95 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 1.84, 1933 Industries 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 a Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.84, based on 757 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. 1933 Industries's current Cyclically Adjusted PB Ratio of 0.09 is 95.1% 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 1933 Industries and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 1933 Industries's current Cyclically Adjusted PB Ratio is 0.09, which is 55% below median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 1933 Industries stock overvalued right now?
Based on GuruFocus' analysis, 1933 Industries (TGIFF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.01, compared to a current price of $0.00 — trading 57.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.09, which is 55% below median its 10-year median of 0.20 and 95.1% below the Drug Manufacturers industry median of 1.84. 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 1933 Industries (TGIFF), the current Cyclically Adjusted PB Ratio is 0.09 as of Jul. 23, 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.

1933 Industries Business Description

Other Exchanges TGIF:Canada
Address 1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9
1933 Industries Inc is a vertically integrated cannabis company. The company is focused on the cultivation and manufacturing of cannabis consumer-branded goods. The Company operates in three segments, referred to as AMA, Infused MFG, and Corporate. AMA is focused on the cultivation and sale of medical and adult-use cannabis products, and Infused MFG is focused on the manufacturing of hemp-derived CBD products. The majority of revenue is generated from the AMA segment. The operations of AMA and Infused MFG are located in the United States. All revenues are earned in the United States.