Computer Modelling Group (TSX:CMG) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

TSX:CMG Computer Modelling Group Ltd TSX:CMG
77 GF Score
Price C$3.89
GF Value C$8.63
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Computer Modelling Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Computer Modelling Group  (TSX:CMG) 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.


Computer Modelling Group Cyclically Adjusted PB Ratio Related Terms


Computer Modelling Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Computer Modelling 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.

Computer Modelling Group Cyclically Adjusted PB Ratio Chart

Computer Modelling Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.09 9.45 13.21 10.23 5.30

Computer Modelling 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 9.14 7.90 6.57 5.30 4.39

TSX:CMG vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Computer Modelling 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.


Computer Modelling Group Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Computer Modelling Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:CMG
77GF Score
Computer Modelling Group Ltd TSX:CMG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Computer Modelling 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.

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

For example, Computer Modelling 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)
=1.02/133.5265*133.5265
=1.020

Current CPI (Jun. 2026) = 133.5265.

Computer Modelling Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.752 101.765 0.987
201612 0.749 101.449 0.986
201703 0.739 102.634 0.961
201706 0.754 103.029 0.977
201709 0.745 103.345 0.963
201712 0.712 103.345 0.920
201803 0.693 105.004 0.881
201806 0.656 105.557 0.830
201809 0.624 105.636 0.789
201812 0.612 105.399 0.775
201903 0.589 106.979 0.735
201906 0.533 107.690 0.661
201909 0.522 107.611 0.648
201912 0.488 107.769 0.605
202003 0.478 107.927 0.591
202006 0.471 108.401 0.580
202009 0.510 108.164 0.630
202012 0.535 108.559 0.658
202103 0.541 110.298 0.655
202106 0.540 111.720 0.645
202109 0.546 112.905 0.646
202112 0.568 113.774 0.667
202203 0.582 117.646 0.661
202206 0.582 120.806 0.643
202209 0.595 120.648 0.659
202212 0.627 120.964 0.692
202303 0.650 122.702 0.707
202306 0.695 124.203 0.747
202309 0.734 125.230 0.783
202312 0.778 125.072 0.831
202403 0.833 126.258 0.881
202406 0.872 127.522 0.913
202409 0.880 127.285 0.923
202412 0.991 127.364 1.039
202503 1.041 129.181 1.076
202506 1.023 129.892 1.052
202509 1.083 130.287 1.110
202512 1.071 130.366 1.097
202603 1.000 132.262 1.010
202606 1.020 133.527 1.020

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 Computer Modelling Group (TSX:CMG) Overvalued in 2026?

Based on GuruFocus' analysis, Computer Modelling Group stock appears to be undervalued. The current stock price of C$3.89 is trading 54.9% below its estimated GF Value™ of C$8.63. GuruFocus considers Computer Modelling Group to be Significantly Undervalued.

Key valuation signals for TSX:CMG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$8.63 vs. price of C$3.89 (54.9% below fair value)
  • GF Score™: 77/100 with 5 warning signs

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


Computer Modelling Group Business Description

Other Exchanges CMDXF:USA5TJ:Germany
Address 33 Street N.W., Suite 3710, Calgary, AB, CAN, T2L 2M1
Computer Modelling Group Ltd is a software and consulting technology company engaged in developing and licensing reservoir simulation and seismic interpretation software. The company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. The firm has operations in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.
77GF Score

Get the complete analysis for TSX:CMG

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

C$3.89
Price
C$8.63
GF Value