TKLS (Trutankless) Cyclically Adjusted PB Ratio: (As of Sep. 07, 2026)

Author: Vera Yuan Vera Yuan
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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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 Trutankless Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Trutankless  (OTCPK:TKLS) 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.


Trutankless Cyclically Adjusted PB Ratio Related Terms


Trutankless Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trutankless'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.

Trutankless Cyclically Adjusted PB Ratio Chart

Trutankless Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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

Trutankless Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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

TKLS vs ZEPP, UEIC, GPRO: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Trutankless'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.


Trutankless Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Trutankless's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Trutankless 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.

Trutankless's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.067/333.9520*333.9520
=-0.067

Current CPI (Jun. 2026) = 333.9520.

Trutankless Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.188 241.428 -0.260
201612 -0.211 241.432 -0.292
201703 -0.266 243.801 -0.364
201706 -0.385 244.955 -0.525
201709 -0.384 246.819 -0.520
201712 -0.411 246.524 -0.557
201803 -0.359 249.554 -0.480
201806 -0.440 251.989 -0.583
201809 -0.414 252.439 -0.548
201812 -0.450 251.233 -0.598
201903 -0.396 254.202 -0.520
201906 -0.455 256.143 -0.593
201909 -0.463 256.759 -0.602
201912 -0.533 256.974 -0.693
202003 -0.408 258.115 -0.528
202006 -0.276 257.797 -0.358
202009 -0.166 260.280 -0.213
202012 -0.256 260.474 -0.328
202103 -0.179 264.877 -0.226
202106 -0.207 271.696 -0.254
202109 -0.227 274.310 -0.276
202112 -0.193 278.802 -0.231
202203 -0.205 287.504 -0.238
202206 -0.232 296.311 -0.261
202209 -0.255 296.808 -0.287
202212 -0.272 296.797 -0.306
202303 -0.305 301.836 -0.337
202306 -0.295 305.109 -0.323
202309 -0.295 307.789 -0.320
202312 -0.194 306.746 -0.211
202403 -0.171 312.332 -0.183
202406 -0.067 314.175 -0.071
202409 -0.045 315.301 -0.048
202412 -0.049 315.605 -0.052
202503 -0.057 319.799 -0.060
202506 -0.064 322.561 -0.066
202509 -0.071 324.800 -0.073
202512 -0.077 324.054 -0.079
202603 -0.049 330.213 -0.050
202606 -0.067 333.952 -0.067

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.


Trutankless Business Description

Address 15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260
Trutankless Inc is involved in sales, marketing, research, and development of a high-quality, whole-house, smart electric tankless water heater that is more energy efficient than conventional products. The company anticipates tankless water heater, with Wi-Fi capability and TruTankless proprietary apps offered in the iOS and Android stores, will augment existing products in the home automation space.