Chorus Aviation (TSX:CHR) Cyclically Adjusted PB Ratio: 0.83 (As of Jul. 15, 2026) — 50% Below Median

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TSX:CHR Chorus Aviation Inc TSX:CHR
79 GF Score
Price C$24.12
GF Value C$20.45
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Chorus Aviation Cyclically Adjusted PB Ratio?

Chorus Aviation TSX:CHR +0.50% 79 Cyclically Adjusted PB Ratio is 0.83 as of Jul. 15, 2026, which is 50% below its 10-year median of 1.65. GuruFocus rates TSX:CHR with a GF Score™ of 79/100 and a GF Value™ of C$20.45 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 738 Transportation companies, Chorus Aviation ranks better than 69.92% on this metric.

As of today (2026-07-15), Chorus Aviation's current share price is C$24.12. Chorus Aviation's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$28.97. Chorus Aviation's Cyclically Adjusted PB Ratio for today is 0.83.

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

TSX:CHR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.65   Max: 4.09
Current: 0.83

During the past years, Chorus Aviation's highest Cyclically Adjusted PB Ratio was 4.09. The lowest was 0.57. And the median was 1.65.

TSX:CHR's Cyclically Adjusted PB Ratio is ranked better than
69.92% of 738 companies
in the Transportation industry
Industry Median: 1.24 vs TSX:CHR: 0.83

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.

Chorus Aviation's adjusted book value per share data for the three months ended in Mar. 2026 was C$21.529. 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$28.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chorus Aviation  (TSX:CHR) 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.


Chorus Aviation Cyclically Adjusted PB Ratio Related Terms


Chorus Aviation Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chorus Aviation'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.

Chorus Aviation Cyclically Adjusted PB Ratio Chart

Chorus Aviation 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 1.50 1.16 0.76 0.83 0.76

Chorus Aviation 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 0.71 0.82 0.81 0.76 0.77

TSX:CHR vs JOBY: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, Chorus Aviation'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.


Chorus Aviation Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Chorus Aviation's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:CHR
79GF Score
Chorus Aviation Inc TSX:CHR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chorus Aviation 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.

Chorus Aviation's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.12/28.97
=0.83

* 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.

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

For example, Chorus Aviation'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)
=21.529/132.2623*132.2623
=21.529

Current CPI (Mar. 2026) = 132.2623.

Chorus Aviation Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.209 102.002 6.754
201609 7.118 101.765 9.251
201612 7.961 101.449 10.379
201703 9.389 102.634 12.099
201706 10.786 103.029 13.846
201709 14.237 103.345 18.221
201712 15.718 103.345 20.116
201803 19.955 105.004 25.135
201806 20.349 105.557 25.497
201809 21.499 105.636 26.918
201812 21.458 105.399 26.927
201903 24.641 106.979 30.465
201906 25.429 107.690 31.231
201909 25.446 107.611 31.275
201912 26.394 107.769 32.393
202003 26.414 107.927 32.370
202006 26.680 108.401 32.553
202009 27.243 108.164 33.312
202012 27.735 108.559 33.791
202103 25.782 110.298 30.916
202106 26.851 111.720 31.788
202109 27.021 112.905 31.654
202112 27.206 113.774 31.627
202203 27.922 117.646 31.391
202206 39.625 120.806 43.383
202209 40.737 120.648 44.659
202212 41.012 120.964 44.843
202303 43.007 122.702 46.358
202306 42.918 124.203 45.703
202309 43.309 125.230 45.741
202312 43.205 125.072 45.689
202403 43.804 126.258 45.887
202406 37.887 127.522 39.295
202409 20.387 127.285 21.184
202412 18.839 127.364 19.564
202503 19.463 129.181 19.927
202506 20.782 129.892 21.161
202509 21.760 130.287 22.090
202512 21.689 130.366 22.004
202603 21.529 132.262 21.529

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 0.83 mean?
Chorus Aviation (TSX:CHR) has a Cyclically Adjusted PB Ratio of 0.83 as of Jul. 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 Chorus Aviation and its competitors. This is 50% below median its historical median of 1.65. Over the past decade, Chorus Aviation's Cyclically Adjusted PB Ratio has ranged from 0.57 to 4.09. According to the industry distribution chart, Chorus Aviation ranks #222 out of 738 companies in the Transportation industry, placing it in the top 30.1%.
Is Chorus Aviation's Cyclically Adjusted PB Ratio too high?
Chorus Aviation's current Cyclically Adjusted PB Ratio of 0.83 is 50% below median its 10-year median of 1.65. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 4.09. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. Chorus Aviation's value of 0.83 is 33.1% below this industry median. Based on the distribution chart, Chorus Aviation ranks #222 out of 738 companies in the Transportation industry, which is above the industry midpoint. Overall, Chorus Aviation has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chorus Aviation's Cyclically Adjusted PB Ratio compare to JOBY?
According to the Transportation industry distribution chart, Chorus Aviation ranks #222 out of 738 companies for Cyclically Adjusted PB Ratio. This puts Chorus Aviation in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Chorus Aviation's value of 0.83 is 33.1% below this benchmark. Historically, Chorus Aviation's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 4.09 over the past decade. While the company's 10-year median is 1.65 vs. the industry median of 1.24, Chorus Aviation has consistently been below 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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. Chorus Aviation's current Cyclically Adjusted PB Ratio of 0.83 is 33.1% 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 Chorus Aviation and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chorus Aviation's current Cyclically Adjusted PB Ratio is 0.83, which is 50% below median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chorus Aviation stock overvalued right now?
Based on GuruFocus' analysis, Chorus Aviation (TSX:CHR) is currently considered Modestly Overvalued. The stock's GF Value™ is C$20.45, compared to a current price of C$24.12 — trading 17.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.83, which is 50% below median its 10-year median of 1.65 and 33.1% below the Transportation industry median of 1.24. Chorus Aviation's overall GF Score™ is 79/100 with 9 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 Chorus Aviation (TSX:CHR), the current Cyclically Adjusted PB Ratio is 0.83 as of Jul. 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.

Is Chorus Aviation (TSX:CHR) Overvalued in 2026?

Based on GuruFocus' analysis, Chorus Aviation stock appears to be overvalued. The current stock price of C$24.12 is trading 17.9% above its estimated GF Value™ of C$20.45. GuruFocus considers Chorus Aviation to be Modestly Overvalued.

Key valuation signals for TSX:CHR:

  • Cyclically Adjusted PB Ratio: 0.83 (50% below median its 10-year median of 1.65)
  • GF Value™: C$20.45 vs. price of C$24.12 (17.9% above fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 33.1% below the Transportation median (#222 of 738)

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


Chorus Aviation Business Description

Other Exchanges CHRRF:USA1H00:Germany
Address 3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8
Chorus Aviation Inc is a Canadian holding company. The company focuses on delivering regional aviation to the world through its businesses. The company specializes in contract flying, maintenance, pilot training, repair and overhaul, and aircraft leasing solutions.
79GF Score

Get the complete analysis for TSX:CHR

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

C$24.12
Price
C$20.45
GF Value