Cineplex (TSX:CGX) Cyclically Adjusted PB Ratio: 2.78 (As of Aug. 09, 2026) — 63% Above Median

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TSX:CGX Cineplex Inc TSX:CGX
78 GF Score
Price C$12.75
GF Value C$11.94
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Cineplex Cyclically Adjusted PB Ratio?

Cineplex TSX:CGX +0.24% 78 Cyclically Adjusted PB Ratio is 2.78 as of Aug. 09, 2026, which is 63% above its 10-year median of 1.71. GuruFocus rates TSX:CGX with a GF Score™ of 78/100 and a GF Value™ of C$11.94 (Fairly Valued). The stock has 7 warning signs investors should review. Among 700 Media - Diversified companies, Cineplex ranks worse than 80.86% on this metric.

As of today (2026-08-09), Cineplex's current share price is C$12.75. Cineplex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$4.59. Cineplex's Cyclically Adjusted PB Ratio for today is 2.78.

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

TSX:CGX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.71   Max: 4.33
Current: 2.78

During the past years, Cineplex's highest Cyclically Adjusted PB Ratio was 4.33. The lowest was 0.40. And the median was 1.71.

TSX:CGX's Cyclically Adjusted PB Ratio is ranked worse than
80.86% of 700 companies
in the Media - Diversified industry
Industry Median: 0.97 vs TSX:CGX: 2.78

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.

Cineplex's adjusted book value per share data for the three months ended in Mar. 2026 was C$-1.651. 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 C$4.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cineplex  (TSX:CGX) 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.


Cineplex Cyclically Adjusted PB Ratio Related Terms


Cineplex Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cineplex'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.

Cineplex Cyclically Adjusted PB Ratio Chart

Cineplex 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 1.32 0.88 1.07 1.90 2.13

Cineplex Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.62 2.02 2.22 2.13 2.30

TSX:CGX vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Cineplex'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.


Cineplex Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cineplex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:CGX
78GF Score
Cineplex Inc TSX:CGX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cineplex 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.

Cineplex's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.75/4.59
=2.78

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-1.651/132.2623*132.2623
=-1.651

Current CPI (Mar. 2026) = 132.2623.

Cineplex Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.739 102.002 15.222
201609 11.769 101.765 15.296
201612 11.748 101.449 15.316
201703 11.773 102.634 15.172
201706 11.418 103.029 14.658
201709 11.210 103.345 14.347
201712 11.193 103.345 14.325
201803 11.053 105.004 13.922
201806 11.050 105.557 13.846
201809 10.782 105.636 13.500
201812 10.723 105.399 13.456
201903 10.064 106.979 12.442
201906 9.866 107.690 12.117
201909 9.639 107.611 11.847
201912 9.333 107.769 11.454
202003 6.509 107.927 7.977
202006 4.920 108.401 6.003
202009 4.047 108.164 4.949
202012 0.383 108.559 0.467
202103 -1.031 110.298 -1.236
202106 -2.657 111.720 -3.146
202109 -3.154 112.905 -3.695
202112 -3.469 113.774 -4.033
202203 -4.107 117.646 -4.617
202206 -4.045 120.806 -4.429
202209 -3.504 120.648 -3.841
202212 -3.342 120.964 -3.654
202303 -3.785 122.702 -4.080
202306 -0.987 124.203 -1.051
202309 -0.476 125.230 -0.503
202312 -0.619 125.072 -0.655
202403 0.095 126.258 0.100
202406 -0.222 127.522 -0.230
202409 -0.626 127.285 -0.650
202412 -0.626 127.364 -0.650
202503 -1.169 129.181 -1.197
202506 -1.192 129.892 -1.214
202509 -1.149 130.287 -1.166
202512 -1.253 130.366 -1.271
202603 -1.651 132.262 -1.651

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 2.78 mean?
Cineplex (TSX:CGX) has a Cyclically Adjusted PB Ratio of 2.78 as of Aug. 09, 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 Cineplex and its competitors. This is 63% above median its historical median of 1.71. Over the past decade, Cineplex's Cyclically Adjusted PB Ratio has ranged from 0.40 to 4.33. According to the industry distribution chart, Cineplex ranks #566 out of 700 companies in the Media - Diversified industry, placing it in the top 80.9%.
Is Cineplex's Cyclically Adjusted PB Ratio too high?
Cineplex's current Cyclically Adjusted PB Ratio of 2.78 is 63% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 4.33. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.97. Cineplex's value of 2.78 is 186.6% above this industry median. Based on the distribution chart, Cineplex ranks #566 out of 700 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Cineplex has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cineplex's Cyclically Adjusted PB Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Cineplex ranks #566 out of 700 companies for Cyclically Adjusted PB Ratio. This places Cineplex in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Cineplex's value of 2.78 is 186.6% above this benchmark. Historically, Cineplex's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 4.33 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 0.97, Cineplex 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.97, based on 700 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. Cineplex's current Cyclically Adjusted PB Ratio of 2.78 is 186.6% 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 Cineplex and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cineplex's current Cyclically Adjusted PB Ratio is 2.78, which is 63% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cineplex stock overvalued right now?
Based on GuruFocus' analysis, Cineplex (TSX:CGX) is currently considered Fairly Valued. The stock's GF Value™ is C$11.94, compared to a current price of C$12.75 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.78, which is 63% above median its 10-year median of 1.71 and 186.6% above the Media - Diversified industry median of 0.97. Cineplex's overall GF Score™ is 78/100 with 7 warning signs 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 Cineplex (TSX:CGX), the current Cyclically Adjusted PB Ratio is 2.78 as of Aug. 09, 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 Cineplex (TSX:CGX) Overvalued in 2026?

Based on GuruFocus' analysis, Cineplex stock appears to be overvalued. The current stock price of C$12.75 is trading 6.8% above its estimated GF Value™ of C$11.94. GuruFocus considers Cineplex to be Fairly Valued.

Key valuation signals for TSX:CGX:

  • Cyclically Adjusted PB Ratio: 2.78 (63% above median its 10-year median of 1.71)
  • GF Value™: C$11.94 vs. price of C$12.75 (6.8% above fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 186.6% above the Media - Diversified median (#566 of 700)

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


Cineplex Business Description

Other Exchanges CPXGF:USACX0:Germany
Address 1303 Yonge Street, 2nd Floor, Toronto, ON, CAN, M4T 2Y9
Cineplex Inc is a diversified media company that operates chains of movie theaters. The company has three reporting segments: film entertainment and content, media and amusement and leisure. The film entertainment and content segment include Theatre Exhibition, Theatre Food Services, Alternative Programming & Distribution and Digital Commerce. Media segment includes Cinema and Digital Place-Based Media. Amusement and leisure segment includes Location Based Entertainment. Key revenue is generated from Film Entertainment and Content.
78GF Score

Get the complete analysis for TSX:CGX

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

C$12.75
Price
C$11.94
GF Value