BRP (TSX:DOO) Cyclically Adjusted PB Ratio: 157.04 (As of Sep. 17, 2026) — 54% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:DOO BRP Inc TSX:DOO
82 GF Score
Price C$81.66
GF Value C$88.79
Valuation Fairly Valued
! 5 Warning Signs
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What is BRP Cyclically Adjusted PB Ratio?

BRP TSX:DOO -0.46% 82 Cyclically Adjusted PB Ratio is 157.04 as of Sep. 17, 2026, which is 54% below its 10-year median of 338.54. GuruFocus rates TSX:DOO with a GF Score™ of 82/100 and a GF Value™ of C$88.79 (Fairly Valued). The stock has 5 warning signs investors should review. Among 926 Vehicles & Parts companies, BRP ranks worse than 100% on this metric.

As of today (2026-09-17), BRP's current share price is C$81.66. BRP's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 was C$0.52. BRP's Cyclically Adjusted PB Ratio for today is 157.04.

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

TSX:DOO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 215.05   Med: 338.54   Max: 5588.5
Current: 215.05

During the past years, BRP's highest Cyclically Adjusted PB Ratio was 5588.50. The lowest was 215.05. And the median was 338.54.

TSX:DOO's Cyclically Adjusted PB Ratio is ranked worse than
100% of 926 companies
in the Vehicles & Parts industry
Industry Median: 1.21 vs TSX:DOO: 215.05

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.

BRP's adjusted book value per share data for the three months ended in Jul. 2026 was C$4.686. 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$0.52 for the trailing ten years ended in Jul. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BRP  (TSX:DOO) 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.


BRP Cyclically Adjusted PB Ratio Related Terms


BRP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BRP'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.

BRP Cyclically Adjusted PB Ratio Chart

BRP Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 125.64

BRP Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 0.00 0.00 699.12 201.62 166.58

TSX:DOO vs BC, THO, PII: Cyclically Adjusted PB Ratio Comparison

For the Recreational Vehicles subindustry, BRP'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.


BRP Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BRP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:DOO
82GF Score
BRP Inc TSX:DOO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BRP 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.66/0.52
=157.04

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=4.686/134.2375*134.2375
=4.686

Current CPI (Jul. 2026) = 134.2375.

BRP Quarterly Data

Book Value per Share CPI Adj_Book
201610 0.097 102.002 0.128
201701 1.481 102.318 1.943
201704 1.445 103.029 1.883
201707 -0.904 103.029 -1.178
201710 -0.957 103.424 -1.242
201801 -2.884 104.056 -3.721
201804 -3.671 105.320 -4.679
201807 -4.590 106.110 -5.807
201810 -3.922 105.952 -4.969
201901 -3.323 105.557 -4.226
201904 -3.782 107.453 -4.725
201907 -6.817 108.243 -8.454
201910 -6.300 107.927 -7.836
202001 -6.678 108.085 -8.294
202004 -9.091 107.216 -11.382
202007 -7.617 108.401 -9.432
202010 -5.081 108.638 -6.278
202101 -5.487 109.192 -6.746
202104 -2.982 110.851 -3.611
202107 -5.181 112.431 -6.186
202110 -2.766 113.695 -3.266
202201 -1.629 114.801 -1.905
202204 -2.614 118.357 -2.965
202207 0.117 120.964 0.130
202210 2.156 121.517 2.382
202301 6.845 121.596 7.557
202304 7.349 123.571 7.983
202307 10.117 124.914 10.872
202310 9.325 125.310 9.989
202401 10.858 125.072 11.654
202404 8.759 126.890 9.266
202407 7.590 128.075 7.955
202410 7.348 127.838 7.716
202501 3.379 127.443 3.559
202504 6.429 129.102 6.685
202507 6.757 130.290 6.962
202510 7.863 130.603 8.082
202601 8.352 130.366 8.600
202604 9.579 132.736 9.687
202607 4.686 134.238 4.686

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 157.04 mean?
BRP (TSX:DOO) has a Cyclically Adjusted PB Ratio of 157.04 as of Sep. 17, 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 BRP and its competitors. This is 54% below median its historical median of 338.54. Over the past decade, BRP's Cyclically Adjusted PB Ratio has ranged from 215.05 to 5,588.50. According to the industry distribution chart, BRP ranks #926 out of 926 companies in the Vehicles & Parts industry.
Is BRP's Cyclically Adjusted PB Ratio too high?
BRP's current Cyclically Adjusted PB Ratio of 157.04 is 54% below median its 10-year median of 338.54. Over the past 10 years, this metric has ranged from a low of 215.05 to a high of 5,588.50. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.21. BRP's value of 157.04 is 12878.5% above this industry median. Based on the distribution chart, BRP ranks #926 out of 926 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, BRP has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BRP's Cyclically Adjusted PB Ratio compare to BC and THO?
According to the Vehicles & Parts industry distribution chart, BRP ranks #926 out of 926 companies for Cyclically Adjusted PB Ratio. This places BRP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. BRP's value of 157.04 is 12878.5% above this benchmark. Historically, BRP's own Cyclically Adjusted PB Ratio has ranged from 215.05 to 5,588.50 over the past decade. While the company's 10-year median is 338.54 vs. the industry median of 1.21, BRP 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.21, based on 926 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. BRP's current Cyclically Adjusted PB Ratio of 157.04 is 12878.5% 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 BRP and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRP's current Cyclically Adjusted PB Ratio is 157.04, which is 54% below median its own 10-year median of 338.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRP stock overvalued right now?
Based on GuruFocus' analysis, BRP (TSX:DOO) is currently considered Fairly Valued. The stock's GF Value™ is C$88.79, compared to a current price of C$81.66 — trading 8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 157.04, which is 54% below median its 10-year median of 338.54 and 12878.5% above the Vehicles & Parts industry median of 1.21. BRP's overall GF Score™ is 82/100 with 5 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 BRP (TSX:DOO), the current Cyclically Adjusted PB Ratio is 157.04 as of Sep. 17, 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 BRP (TSX:DOO) Overvalued in 2026?

Based on GuruFocus' analysis, BRP stock appears to be undervalued. The current stock price of C$81.66 is trading 8% below its estimated GF Value™ of C$88.79. GuruFocus considers BRP to be Fairly Valued.

Key valuation signals for TSX:DOO:

  • Cyclically Adjusted PB Ratio: 157.04 (54% below median its 10-year median of 338.54)
  • GF Value™: C$88.79 vs. price of C$81.66 (8% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 12878.5% above the Vehicles & Parts median (#926 of 926)

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


BRP Business Description

Other Exchanges DOO:USAB15A:Germany
Address 726 Saint-Joseph Street, Valcourt, QC, CAN, J0E 2L0
BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after shuttering the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, which has largely been divested; Manitou was sold in the third quarter of fiscal 2026, and Telwater remains up for sale. At the end of fiscal 2026, the company sold its products through a network of more than 2,050 independent dealers and 140 distributors in around 110 countries.
82GF Score

Get the complete analysis for TSX:DOO

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

C$81.66
Price
C$88.79
GF Value