Black Diamond Group (TSX:BDI) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.

TSX:BDI Black Diamond Group Ltd TSX:BDI
81 GF Score
Price C$18.36
GF Value C$11.30
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Black Diamond Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Black Diamond Group  (TSX:BDI) 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.


Black Diamond Group Cyclically Adjusted PB Ratio Related Terms


Black Diamond Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Black Diamond Group'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.

Black Diamond Group Cyclically Adjusted PB Ratio Chart

Black Diamond Group 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 0.63 0.70 1.27 1.59 2.68

Black Diamond Group 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 1.67 2.41 2.59 2.84 3.33

TSX:BDI vs URI, SUNB, AER: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, Black Diamond Group'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.


Black Diamond Group Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Black Diamond Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:BDI
81GF Score
Black Diamond Group Ltd TSX:BDI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Black Diamond Group 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.

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

For example, Black Diamond Group'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)
=5.984/133.5265*133.5265
=5.984

Current CPI (Jun. 2026) = 133.5265.

Black Diamond Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.698 101.765 10.101
201612 6.668 101.449 8.776
201703 6.008 102.634 7.816
201706 5.729 103.029 7.425
201709 5.563 103.345 7.188
201712 4.144 103.345 5.354
201803 4.158 105.004 5.287
201806 4.174 105.557 5.280
201809 4.055 105.636 5.126
201812 4.090 105.399 5.181
201903 3.991 106.979 4.981
201906 3.918 107.690 4.858
201909 3.940 107.611 4.889
201912 3.898 107.769 4.830
202003 4.036 107.927 4.993
202006 4.008 108.401 4.937
202009 3.985 108.164 4.919
202012 3.998 108.559 4.917
202103 3.953 110.298 4.786
202106 3.927 111.720 4.694
202109 4.100 112.905 4.849
202112 4.244 113.774 4.981
202203 4.152 117.646 4.712
202206 4.233 120.806 4.679
202209 4.486 120.648 4.965
202212 4.597 120.964 5.074
202303 4.551 122.702 4.952
202306 4.571 124.203 4.914
202309 4.839 125.230 5.160
202312 4.884 125.072 5.214
202403 4.859 126.258 5.139
202406 5.013 127.522 5.249
202409 5.052 127.285 5.300
202412 5.345 127.364 5.604
202503 5.331 129.181 5.510
202506 5.267 129.892 5.414
202509 5.746 130.287 5.889
202512 5.907 130.366 6.050
202603 5.977 132.262 6.034
202606 5.984 133.527 5.984

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.

Is Black Diamond Group (TSX:BDI) Overvalued in 2026?

Based on GuruFocus' analysis, Black Diamond Group stock appears to be overvalued. The current stock price of C$18.36 is trading 62.5% above its estimated GF Value™ of C$11.30. GuruFocus considers Black Diamond Group to be Significantly Overvalued.

Key valuation signals for TSX:BDI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$11.30 vs. price of C$18.36 (62.5% above fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the TSX:BDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Black Diamond Group Business Description

Other Exchanges BDIMF:USA8B8:Germany
Address 440-2nd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 5E9
Black Diamond Group Ltd is a specialty rentals and industrial services company with two operating business units - Modular Space Solutions and Workforce Solutions, which operate in Canada, the United States and Australia. Modular Space Solutions provides modular space rentals to customers throughout North America. Workforce Solutions provides workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the company's online digital marketplace, LodgeLink. The majority of the company's revenue is derived from the Workforce Solutions business. Canadally, it generates the maximum revenue from Canada.
81GF Score

Get the complete analysis for TSX:BDI

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

C$18.36
Price
C$11.30
GF Value