Canadian Tire (TSX:CTC) Cyclically Adjusted PB Ratio: 2.00 (As of Jul. 19, 2026) — Near Median

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TSX:CTC Canadian Tire Corp Ltd TSX:CTC
75 GF Score
Price C$211.50
GF Value C$188.38
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Canadian Tire Cyclically Adjusted PB Ratio?

Canadian Tire TSX:CTC 75 Cyclically Adjusted PB Ratio is 2.00 as of Jul. 19, 2026, which is 8% below its 10-year median of 2.18. GuruFocus rates TSX:CTC with a GF Score™ of 75/100 and a GF Value™ of C$188.38 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 810 Retail - Cyclical companies, Canadian Tire ranks worse than 67.41% on this metric.

As of today (2026-07-19), Canadian Tire's current share price is C$211.50. Canadian Tire's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$105.66. Canadian Tire's Cyclically Adjusted PB Ratio for today is 2.00.

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

TSX:CTC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.18   Max: 3.01
Current: 2.07

During the past years, Canadian Tire's highest Cyclically Adjusted PB Ratio was 3.01. The lowest was 1.22. And the median was 2.18.

TSX:CTC's Cyclically Adjusted PB Ratio is ranked worse than
67.41% of 810 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs TSX:CTC: 2.07

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.

Canadian Tire's adjusted book value per share data for the three months ended in Mar. 2026 was C$110.779. 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$105.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Tire  (TSX:CTC) 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.


Canadian Tire Cyclically Adjusted PB Ratio Related Terms


Canadian Tire Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Canadian Tire'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.

Canadian Tire Cyclically Adjusted PB Ratio Chart

Canadian Tire 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 2.47 1.76 1.67 1.72 1.88

Canadian Tire 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 1.66 2.04 1.80 1.88 1.98

TSX:CTC vs CASY, WSM, DKS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Canadian Tire'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.


Canadian Tire Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Canadian Tire's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:CTC
75GF Score
Canadian Tire Corp Ltd TSX:CTC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Tire 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.

Canadian Tire's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=211.50/105.66
=2.00

* 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.

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

For example, Canadian Tire'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)
=110.779/132.2623*132.2623
=110.779

Current CPI (Mar. 2026) = 132.2623.

Canadian Tire Quarterly Data

Book Value per Share CPI Adj_Book
201606 65.939 102.002 85.501
201609 67.017 101.765 87.101
201612 69.806 101.449 91.009
201703 69.094 102.634 89.040
201706 69.111 103.029 88.721
201709 69.486 103.345 88.929
201712 71.331 103.345 91.291
201803 66.140 105.004 83.309
201806 66.673 105.557 83.541
201809 67.050 105.636 83.950
201812 69.413 105.399 87.104
201903 62.867 106.979 77.725
201906 63.355 107.690 77.811
201909 64.826 107.611 79.676
201912 68.118 107.769 83.599
202003 66.999 107.927 82.106
202006 64.756 108.401 79.010
202009 67.843 108.164 82.958
202012 73.990 108.559 90.145
202103 80.019 110.298 95.954
202106 77.600 111.720 91.869
202109 82.033 112.905 96.097
202112 85.188 113.774 99.031
202203 87.229 117.646 98.067
202206 88.162 120.806 96.523
202209 92.240 120.648 101.120
202212 97.374 120.964 106.469
202303 93.124 122.702 100.380
202306 91.899 124.203 97.862
202309 91.023 125.230 96.134
202312 99.694 125.072 105.425
202403 99.694 126.258 104.435
202406 101.830 127.522 105.616
202409 102.833 127.285 106.854
202412 110.660 127.364 114.916
202503 108.222 129.181 110.803
202506 107.814 129.892 109.781
202509 110.489 130.287 112.164
202512 110.592 130.366 112.201
202603 110.779 132.262 110.779

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 2.00 mean?
Canadian Tire (TSX:CTC) has a Cyclically Adjusted PB Ratio of 2.00 as of Jul. 19, 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 Canadian Tire and its competitors. This is near median its historical median of 2.18. Over the past decade, Canadian Tire's Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.01. According to the industry distribution chart, Canadian Tire ranks #546 out of 810 companies in the Retail - Cyclical industry, placing it in the top 67.4%.
Is Canadian Tire's Cyclically Adjusted PB Ratio too high?
Canadian Tire's current Cyclically Adjusted PB Ratio of 2.00 is near median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 3.01. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Canadian Tire's value of 2.00 is 61.3% above this industry median. Based on the distribution chart, Canadian Tire ranks #546 out of 810 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Canadian Tire has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Tire's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Canadian Tire ranks #546 out of 810 companies for Cyclically Adjusted PB Ratio. This places Canadian Tire in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Canadian Tire's value of 2.00 is 61.3% above this benchmark. Historically, Canadian Tire's own Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.01 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 1.24, Canadian Tire 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 810 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. Canadian Tire's current Cyclically Adjusted PB Ratio of 2.00 is 61.3% 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 Canadian Tire and its competitors. For the Retail - Cyclical 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. Canadian Tire's current Cyclically Adjusted PB Ratio is 2.00, which is near median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Tire stock overvalued right now?
Based on GuruFocus' analysis, Canadian Tire (TSX:CTC) is currently considered Modestly Overvalued. The stock's GF Value™ is C$188.38, compared to a current price of C$211.50 — trading 12.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.00, which is near median its 10-year median of 2.18 and 61.3% above the Retail - Cyclical industry median of 1.24. Canadian Tire's overall GF Score™ is 75/100 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 Canadian Tire (TSX:CTC), the current Cyclically Adjusted PB Ratio is 2.00 as of Jul. 19, 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 Canadian Tire (TSX:CTC) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Tire stock appears to be overvalued. The current stock price of C$211.50 is trading 12.3% above its estimated GF Value™ of C$188.38. GuruFocus considers Canadian Tire to be Modestly Overvalued.

Key valuation signals for TSX:CTC:

  • Cyclically Adjusted PB Ratio: 2.00 (near median its 10-year median of 2.18)
  • GF Value™: C$188.38 vs. price of C$211.50 (12.3% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 61.3% above the Retail - Cyclical median (#546 of 810)

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


Canadian Tire Business Description

Address 2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8
Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The company operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, and Party City. Its product assortment includes automotive parts, appliances, home improvement items, sporting goods, and apparel. The firm also offers a loyalty program with 12 million members and owns a financial services arm that manages a credit card portfolio for its more than 2 million active users.
75GF Score

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

C$211.50
Price
C$188.38
GF Value