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Technology OneTHNOF +2.95%97 Cyclically Adjusted PB Ratio is 70.97 as of Jul. 18, 2026, which is 198% above its 10-year median of 23.80. GuruFocus rates THNOF with a GF Score™ of 97/100 and a GF Value™ of $22.46 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,597 Software companies, Technology One ranks worse than 98.18% on this metric.
The historical rank and industry rank for Technology One's Cyclically Adjusted PB Ratio or its related term are showing as below:
THNOF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.16 Med: 23.8 Max: 61.58
Current: 36.88
During the past 13 years, Technology One's highest Cyclically Adjusted PB Ratio was 61.58. The lowest was 13.16. And the median was 23.80.
THNOF's Cyclically Adjusted PB Ratio is ranked worse than 98.18% of 1597
companies
in the Software industry
Industry Median: 2.3
vs THNOF: 36.88
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.
Technology One's adjusted book value per share data of for the fiscal year that ended in Sep25 was $0.908. 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 $0.31 for the trailing ten years ended in Sep25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Technology One (OTCPK:THNOF) 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.
Technology One Cyclically Adjusted PB Ratio Related Terms
Technology One Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Technology One'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.
THNOF vs UBER, SHOP, CRM: Cyclically Adjusted PB Ratio Comparison
For the Software - Application subindustry, Technology One'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.
Technology One Cyclically Adjusted PB Ratio vs Software Industry
For the Software industry and Technology sector, Technology One's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Technology One's Cyclically Adjusted PB Ratio falls into.
Technology One 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.
Technology One's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 70.97 mean?
Technology One (THNOF) has a Cyclically Adjusted PB Ratio of 70.97 as of Jul. 18, 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 Technology One and its competitors. This is 198% above median its historical median of 23.80. Over the past decade, Technology One's Cyclically Adjusted PB Ratio has ranged from 13.16 to 61.58. According to the industry distribution chart, Technology One ranks #1568 out of 1597 companies in the Software industry, placing it in the top 98.2%.
Is Technology One's Cyclically Adjusted PB Ratio too high?
Technology One's current Cyclically Adjusted PB Ratio of 70.97 is 198% above median its 10-year median of 23.80. Over the past 10 years, this metric has ranged from a low of 13.16 to a high of 61.58. The Software industry median Cyclically Adjusted PB Ratio is 2.30. Technology One's value of 70.97 is 2985.7% above this industry median. Based on the distribution chart, Technology One ranks #1568 out of 1597 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Technology One has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technology One's Cyclically Adjusted PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Technology One ranks #1568 out of 1597 companies for Cyclically Adjusted PB Ratio. This places Technology One in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.30. Technology One's value of 70.97 is 2985.7% above this benchmark. Historically, Technology One's own Cyclically Adjusted PB Ratio has ranged from 13.16 to 61.58 over the past decade. While the company's 10-year median is 23.80 vs. the industry median of 2.30, Technology One 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.30, based on 1,597 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. Technology One's current Cyclically Adjusted PB Ratio of 70.97 is 2985.7% 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 Technology One and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technology One's current Cyclically Adjusted PB Ratio is 70.97, which is 198% above median its own 10-year median of 23.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology One stock overvalued right now?
Based on GuruFocus' analysis, Technology One (THNOF) is currently considered Fairly Valued. The stock's GF Value™ is $22.46, compared to a current price of $22.00 — trading 2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 70.97, which is 198% above median its 10-year median of 23.80 and 2985.7% above the Software industry median of 2.30. Technology One's overall GF Score™ is 97/100 with 1 warning sign 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 Technology One (THNOF), the current Cyclically Adjusted PB Ratio is 70.97 as of Jul. 18, 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 Technology One (THNOF) Overvalued in 2026?
Based on GuruFocus' analysis, Technology One stock appears to be undervalued.
The current stock price of $22.00 is trading 2% below its estimated GF Value™ of $22.46.
GuruFocus considers Technology One to be Fairly Valued.
Key valuation signals for THNOF:
Cyclically Adjusted PB Ratio: 70.97 (198% above median its 10-year median of 23.80)
GF Value™: $22.46 vs. price of $22.00 (2% below fair value)
Industry Position: 2985.7% above the Software median (#1568 of 1597)
No single metric tells the full story. See the THNOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technology One is a technology company providing enterprise resource planning software, primarily to governmental organizations, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
97GF Score
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