TGTMF (Targeted Microwave Solutions) Cyclically Adjusted PB Ratio: 0.10 (As of Sep. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
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What is Targeted Microwave Solutions Cyclically Adjusted PB Ratio?

Targeted Microwave Solutions TGTMF Cyclically Adjusted PB Ratio is 0.10 as of Sep. 15, 2026. The stock has 1 warning sign investors should review.

As of today (2026-09-15), Targeted Microwave Solutions's current share price is $0.001. Targeted Microwave Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was $0.01. Targeted Microwave Solutions's Cyclically Adjusted PB Ratio for today is 0.10.

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

TGTMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.68
Current: 0.68

During the past years, Targeted Microwave Solutions's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.00. And the median was 0.00.

TGTMF's Cyclically Adjusted PB Ratio is not ranked
in the Industrial Products industry.
Industry Median: 2.08 vs TGTMF: 0.68

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.

Targeted Microwave Solutions's adjusted book value per share data for the three months ended in Sep. 2025 was $-0.004. 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 $0.01 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Targeted Microwave Solutions  (OTCPK:TGTMF) 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.


Targeted Microwave Solutions Cyclically Adjusted PB Ratio Related Terms


Targeted Microwave Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Targeted Microwave Solutions'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.

Targeted Microwave Solutions Cyclically Adjusted PB Ratio Chart

Targeted Microwave Solutions Annual Data
Trend Dec15 Dec16 Dec17 Dec18 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 0.07

Targeted Microwave Solutions 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 0.07 0.06 0.06 0.10

TGTMF vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Targeted Microwave Solutions'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.


Targeted Microwave Solutions Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Targeted Microwave Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Targeted Microwave Solutions's Cyclically Adjusted PB Ratio falls into.



Targeted Microwave Solutions 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.

Targeted Microwave Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.001/0.01
=0.10

* 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.

Targeted Microwave Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Targeted Microwave Solutions'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)
=-0.004/130.2871*130.2871
=-0.004

Current CPI (Sep. 2025) = 130.2871.

Targeted Microwave Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.143 100.421 0.186
201603 0.127 101.054 0.164
201606 0.112 102.002 0.143
201609 0.090 101.765 0.115
201612 0.073 101.449 0.094
201703 0.048 102.634 0.061
201706 -0.034 103.029 -0.043
201709 -0.050 103.345 -0.063
201712 -0.063 103.345 -0.079
201803 -0.016 105.004 -0.020
201806 -0.016 105.557 -0.020
201809 -0.017 105.636 -0.021
201812 -0.006 105.399 -0.007
201903 -0.006 106.979 -0.007
201906 -0.002 107.690 -0.002
201909 -0.002 107.611 -0.002
201912 -0.007 107.769 -0.008
202003 -0.002 107.927 -0.002
202006 -0.002 108.401 -0.002
202009 -0.002 108.164 -0.002
202012 -0.002 108.559 -0.002
202103 -0.002 110.298 -0.002
202106 -0.003 111.720 -0.003
202109 -0.003 112.905 -0.003
202112 -0.003 113.774 -0.003
202203 -0.003 117.646 -0.003
202206 -0.003 120.806 -0.003
202209 -0.003 120.648 -0.003
202212 -0.003 120.964 -0.003
202303 -0.003 122.702 -0.003
202306 -0.003 124.203 -0.003
202309 -0.003 125.230 -0.003
202312 -0.003 125.072 -0.003
202403 -0.003 126.258 -0.003
202406 -0.003 127.522 -0.003
202409 -0.003 127.285 -0.003
202412 -0.003 127.364 -0.003
202503 -0.004 129.181 -0.004
202506 -0.004 129.892 -0.004
202509 -0.004 130.287 -0.004

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 0.10 mean?
Targeted Microwave Solutions (TGTMF) has a Cyclically Adjusted PB Ratio of 0.10 as of Sep. 15, 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 Targeted Microwave Solutions and its competitors.
Is Targeted Microwave Solutions' Cyclically Adjusted PB Ratio too high?
Targeted Microwave Solutions' current Cyclically Adjusted PB Ratio is 0.10. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Targeted Microwave Solutions' value of 0.10 is 95.2% below this industry median.
How does Targeted Microwave Solutions' Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
Targeted Microwave Solutions' Cyclically Adjusted PB Ratio of 0.10 can be compared against companies in the Industrial Products industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Targeted Microwave Solutions' value of 0.10 is 95.2% below this benchmark. 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.08, based on 2,099 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. Targeted Microwave Solutions's current Cyclically Adjusted PB Ratio of 0.10 is 95.2% 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 Targeted Microwave Solutions and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Targeted Microwave Solutions's current Cyclically Adjusted PB Ratio is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targeted Microwave Solutions stock overvalued right now?
Targeted Microwave Solutions (TGTMF) has a current Cyclically Adjusted PB Ratio of 0.10. The current Cyclically Adjusted PB Ratio is 0.10 and 95.2% below the Industrial Products industry median of 2.08. 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 Targeted Microwave Solutions (TGTMF), the current Cyclically Adjusted PB Ratio is 0.10 as of Sep. 15, 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.

Targeted Microwave Solutions Business Description

Address 1066 West Hastings Street, Suite 2300, Vancouver, BC, CAN, V6E 3X2
Targeted Microwave Solutions Inc is an industrial clean technology company in the business of developing patented microwave-based application technologies to dry, decontaminate, physically upgrade and fully eliminate or reduce environment harming emissions. The technology has specific application to mass-scale use of industrial aggregates, energy producing biomass, low-rank coals and other materials for use by power utilities and industrial companies.