Caldwell Partners International (TSX:CWL) Cyclically Adjusted PB Ratio: 0.99 (As of Jul. 26, 2026) — 26% Below Median

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TSX:CWL Caldwell Partners International Inc TSX:CWL
52 GF Score
Price C$1.06
GF Value C$0.92
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Caldwell Partners International Cyclically Adjusted PB Ratio?

Caldwell Partners International TSX:CWL 52 Cyclically Adjusted PB Ratio is 0.99 as of Jul. 26, 2026, which is 26% below its 10-year median of 1.33. GuruFocus rates TSX:CWL with a GF Score™ of 52/100 and a GF Value™ of C$0.92 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 730 Business Services companies, Caldwell Partners International ranks better than 67.81% on this metric.

As of today (2026-07-26), Caldwell Partners International's current share price is C$1.06. Caldwell Partners International's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was C$1.07. Caldwell Partners International's Cyclically Adjusted PB Ratio for today is 0.99.

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

TSX:CWL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.33   Max: 3.67
Current: 0.99

During the past years, Caldwell Partners International's highest Cyclically Adjusted PB Ratio was 3.67. The lowest was 0.64. And the median was 1.33.

TSX:CWL's Cyclically Adjusted PB Ratio is ranked better than
67.81% of 730 companies
in the Business Services industry
Industry Median: 1.56 vs TSX:CWL: 0.99

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.

Caldwell Partners International's adjusted book value per share data for the three months ended in May. 2026 was C$1.230. 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$1.07 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caldwell Partners International  (TSX:CWL) 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.


Caldwell Partners International Cyclically Adjusted PB Ratio Related Terms


Caldwell Partners International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Caldwell Partners International'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.

Caldwell Partners International Cyclically Adjusted PB Ratio Chart

Caldwell Partners International Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 2.12 0.99 1.10 0.69

Caldwell Partners International Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.74 0.69 0.86 0.90 0.82

TSX:CWL vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Caldwell Partners International'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.


Caldwell Partners International Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Caldwell Partners International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:CWL
52GF Score
Caldwell Partners International Inc TSX:CWL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caldwell Partners International 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.

Caldwell Partners International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.06/1.07
=0.99

* 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.

Caldwell Partners International's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Caldwell Partners International's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=1.23/134.0005*134.0005
=1.230

Current CPI (May. 2026) = 134.0005.

Caldwell Partners International Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.642 101.686 0.846
201611 0.666 101.607 0.878
201702 0.660 102.476 0.863
201705 0.670 103.108 0.871
201708 0.643 103.108 0.836
201711 0.660 103.740 0.853
201802 0.653 104.688 0.836
201805 0.683 105.399 0.868
201808 0.682 106.031 0.862
201811 0.742 105.478 0.943
201902 0.717 106.268 0.904
201905 0.757 107.927 0.940
201908 0.679 108.085 0.842
201911 0.728 107.769 0.905
202002 0.726 108.559 0.896
202005 0.717 107.532 0.893
202008 0.821 108.243 1.016
202011 0.865 108.796 1.065
202102 0.883 109.745 1.078
202105 0.937 111.404 1.127
202108 1.010 112.668 1.201
202111 1.047 113.932 1.231
202202 1.176 115.986 1.359
202205 1.225 120.016 1.368
202208 1.355 120.569 1.506
202211 1.236 121.675 1.361
202302 1.154 122.070 1.267
202305 1.213 124.045 1.310
202308 0.938 125.389 1.002
202311 1.068 125.468 1.141
202402 1.041 125.468 1.112
202405 1.106 127.601 1.161
202408 1.087 127.838 1.139
202411 1.123 127.838 1.177
202502 1.134 128.786 1.180
202505 1.137 129.813 1.174
202508 1.187 130.208 1.222
202511 1.208 130.682 1.239
202602 1.178 131.077 1.204
202605 1.230 134.001 1.230

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 0.99 mean?
Caldwell Partners International (TSX:CWL) has a Cyclically Adjusted PB Ratio of 0.99 as of Jul. 26, 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 Caldwell Partners International and its competitors. This is 26% below median its historical median of 1.33. Over the past decade, Caldwell Partners International's Cyclically Adjusted PB Ratio has ranged from 0.64 to 3.67. According to the industry distribution chart, Caldwell Partners International ranks #235 out of 730 companies in the Business Services industry, placing it in the top 32.2%.
Is Caldwell Partners International's Cyclically Adjusted PB Ratio too high?
Caldwell Partners International's current Cyclically Adjusted PB Ratio of 0.99 is 26% below median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 3.67. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Caldwell Partners International's value of 0.99 is 36.5% below this industry median. Based on the distribution chart, Caldwell Partners International ranks #235 out of 730 companies in the Business Services industry, which is above the industry midpoint. Overall, Caldwell Partners International has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Caldwell Partners International's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Caldwell Partners International ranks #235 out of 730 companies for Cyclically Adjusted PB Ratio. This puts Caldwell Partners International in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Caldwell Partners International's value of 0.99 is 36.5% below this benchmark. Historically, Caldwell Partners International's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 3.67 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.56, Caldwell Partners International 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 730 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. Caldwell Partners International's current Cyclically Adjusted PB Ratio of 0.99 is 36.5% 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 Caldwell Partners International and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caldwell Partners International's current Cyclically Adjusted PB Ratio is 0.99, which is 26% below median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caldwell Partners International stock overvalued right now?
Based on GuruFocus' analysis, Caldwell Partners International (TSX:CWL) is currently considered Modestly Overvalued. The stock's GF Value™ is C$0.92, compared to a current price of C$1.06 — trading 15.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.99, which is 26% below median its 10-year median of 1.33 and 36.5% below the Business Services industry median of 1.56. Caldwell Partners International's overall GF Score™ is 52/100 with 6 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 Caldwell Partners International (TSX:CWL), the current Cyclically Adjusted PB Ratio is 0.99 as of Jul. 26, 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 Caldwell Partners International (TSX:CWL) Overvalued in 2026?

Based on GuruFocus' analysis, Caldwell Partners International stock appears to be overvalued. The current stock price of C$1.06 is trading 15.2% above its estimated GF Value™ of C$0.92. GuruFocus considers Caldwell Partners International to be Modestly Overvalued.

Key valuation signals for TSX:CWL:

  • Cyclically Adjusted PB Ratio: 0.99 (26% below median its 10-year median of 1.33)
  • GF Value™: C$0.92 vs. price of C$1.06 (15.2% above fair value)
  • GF Score™: 52/100 with 6 warning signs
  • Industry Position: 36.5% below the Business Services median (#235 of 730)

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


Caldwell Partners International Business Description

Other Exchanges CWLPF:USA
Address 79 Wellington Street West, Suite 2410, TD South Tower, Toronto, ON, CAN, M5K 1E7
Caldwell Partners International Inc is a provider of executive search that specializes in the recruitment of executives for full-time and advisory roles. The company contracts with its clients, on an assignment basis providing advice on the identification, evaluation, assessment, and recommendation of qualified candidates for filling of senior executive positions. It recruits employees for various positions that include Board Services, Human Resources, Information Security, Legal, Marketing, Industrial, Insurance, Healthcare, Media, Real Estate, Technology, etc. The company operates through two segments; Caldwell and IQTalent, out of which the majority revenue is generated from Caldwell segment. The company's operations are spread across Canada, the United States, Asia Pacific, and Europe.
52GF Score

Get the complete analysis for TSX:CWL

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

C$1.06
Price
C$0.92
GF Value