Dirtt Environmental Solutions (TSX:DRT) Cyclically Adjusted PB Ratio: 0.67 (As of Jul. 24, 2026) — 31% Above Median

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TSX:DRT Dirtt Environmental Solutions Ltd TSX:DRT
26 GF Score
Price C$0.86
GF Value C$0.81
Valuation Fairly Valued
! 5 Warning Signs
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What is Dirtt Environmental Solutions Cyclically Adjusted PB Ratio?

Dirtt Environmental Solutions TSX:DRT +2.38% 26 Cyclically Adjusted PB Ratio is 0.67 as of Jul. 24, 2026, which is 31% above its 10-year median of 0.51. GuruFocus rates TSX:DRT with a GF Score™ of 26/100 and a GF Value™ of C$0.81 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,363 Construction companies, Dirtt Environmental Solutions ranks better than 71.75% on this metric.

As of today (2026-07-24), Dirtt Environmental Solutions's current share price is C$0.86. Dirtt Environmental Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$1.28. Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio for today is 0.67.

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

TSX:DRT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.51   Max: 0.86
Current: 0.64

During the past years, Dirtt Environmental Solutions's highest Cyclically Adjusted PB Ratio was 0.86. The lowest was 0.17. And the median was 0.51.

TSX:DRT's Cyclically Adjusted PB Ratio is ranked better than
71.75% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs TSX:DRT: 0.64

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.

Dirtt Environmental Solutions's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.173. 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$1.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dirtt Environmental Solutions  (TSX:DRT) 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.


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Related Terms


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Chart

Dirtt Environmental Solutions 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 0.00 0.37 0.31 0.69 0.69

Dirtt Environmental Solutions 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 0.70 0.58 0.58 0.69 0.64

TSX:DRT vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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.


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:DRT
26GF Score
Dirtt Environmental Solutions Ltd TSX:DRT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dirtt Environmental Solutions 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.

Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.86/1.28
=0.67

* 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.

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

For example, Dirtt Environmental Solutions'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)
=0.173/132.2623*132.2623
=0.173

Current CPI (Mar. 2026) = 132.2623.

Dirtt Environmental Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.765 102.002 2.289
201609 1.815 101.765 2.359
201612 1.868 101.449 2.435
201703 1.877 102.634 2.419
201706 1.856 103.029 2.383
201709 1.798 103.345 2.301
201712 1.781 103.345 2.279
201803 1.810 105.004 2.280
201806 1.836 105.557 2.300
201809 1.736 105.636 2.174
201812 1.721 105.399 2.160
201903 1.683 106.979 2.081
201906 1.715 107.690 2.106
201909 1.775 107.611 2.182
201912 1.707 107.769 2.095
202003 1.644 107.927 2.015
202006 1.644 108.401 2.006
202009 1.607 108.164 1.965
202012 1.548 108.559 1.886
202103 1.374 110.298 1.648
202106 1.221 111.720 1.446
202109 1.068 112.905 1.251
202112 0.892 113.774 1.037
202203 0.600 117.646 0.675
202206 0.351 120.806 0.384
202209 0.279 120.648 0.306
202212 0.219 120.964 0.239
202303 0.090 122.702 0.097
202306 0.132 124.203 0.141
202309 0.067 125.230 0.071
202312 0.079 125.072 0.084
202403 0.222 126.258 0.233
202406 0.227 127.522 0.235
202409 0.280 127.285 0.291
202412 0.313 127.364 0.325
202503 0.297 129.181 0.304
202506 0.248 129.892 0.253
202509 0.227 130.287 0.230
202512 0.205 130.366 0.208
202603 0.173 132.262 0.173

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 0.67 mean?
Dirtt Environmental Solutions (TSX:DRT) has a Cyclically Adjusted PB Ratio of 0.67 as of Jul. 24, 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 Dirtt Environmental Solutions and its competitors. This is 31% above median its historical median of 0.51. Over the past decade, Dirtt Environmental Solutions' Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.86. According to the industry distribution chart, Dirtt Environmental Solutions ranks #385 out of 1363 companies in the Construction industry, placing it in the top 28.2%.
Is Dirtt Environmental Solutions' Cyclically Adjusted PB Ratio too high?
Dirtt Environmental Solutions' current Cyclically Adjusted PB Ratio of 0.67 is 31% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.86. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Dirtt Environmental Solutions' value of 0.67 is 42.7% below this industry median. Based on the distribution chart, Dirtt Environmental Solutions ranks #385 out of 1363 companies in the Construction industry, which is above the industry midpoint. Overall, Dirtt Environmental Solutions has a GF Score™ of 26/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dirtt Environmental Solutions' Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Dirtt Environmental Solutions ranks #385 out of 1363 companies for Cyclically Adjusted PB Ratio. This puts Dirtt Environmental Solutions in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Dirtt Environmental Solutions' value of 0.67 is 42.7% below this benchmark. Historically, Dirtt Environmental Solutions' own Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.86 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.17, Dirtt Environmental Solutions 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,363 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. Dirtt Environmental Solutions's current Cyclically Adjusted PB Ratio of 0.67 is 42.7% 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 Dirtt Environmental Solutions and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dirtt Environmental Solutions's current Cyclically Adjusted PB Ratio is 0.67, which is 31% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dirtt Environmental Solutions stock overvalued right now?
Based on GuruFocus' analysis, Dirtt Environmental Solutions (TSX:DRT) is currently considered Fairly Valued. The stock's GF Value™ is C$0.81, compared to a current price of C$0.86 — trading 6.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is 31% above median its 10-year median of 0.51 and 42.7% below the Construction industry median of 1.17. Dirtt Environmental Solutions' overall GF Score™ is 26/100 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 Dirtt Environmental Solutions (TSX:DRT), the current Cyclically Adjusted PB Ratio is 0.67 as of Jul. 24, 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 Dirtt Environmental Solutions (TSX:DRT) Overvalued in 2026?

Based on GuruFocus' analysis, Dirtt Environmental Solutions stock appears to be overvalued. The current stock price of C$0.86 is trading 6.2% above its estimated GF Value™ of C$0.81. GuruFocus considers Dirtt Environmental Solutions to be Fairly Valued.

Key valuation signals for TSX:DRT:

  • Cyclically Adjusted PB Ratio: 0.67 (31% above median its 10-year median of 0.51)
  • GF Value™: C$0.81 vs. price of C$0.86 (6.2% above fair value)
  • GF Score™: 26/100 with 5 warning signs
  • Industry Position: 42.7% below the Construction median (#385 of 1363)

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


Dirtt Environmental Solutions Business Description

Other Exchanges DRTTF:USA
Address 7303 - 30th Street S.E, Calgary, AB, CAN, T2C 1N6
Dirtt Environmental Solutions Ltd offers industrialized construction services. The company uses its system of physical products and digital tools, together with construction and design leaders, to build adaptable, interior environments of workplaces in healthcare, education, and public sector markets. Its interior construction solutions are designed to be flexible and adaptable, enabling organizations to easily reconfigure their spaces as their needs evolve. The primary solutions offered by the company include solid walls, glass walls, leaf folding walls, doors, casework, access floors, etc. In addition, Dirtt enables integrations with technology, custom graphics, writable surfaces, and Breathe Living Walls. Geographically, it derives maximum revenue from the U.S, and the rest from Canada.
26GF Score

Get the complete analysis for TSX:DRT

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

C$0.86
Price
C$0.81
GF Value