Organigram Global (TSX:OGI) Cyclically Adjusted PB Ratio: 0.24 (As of Jul. 23, 2026) — 53% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:OGI Organigram Global Inc TSX:OGI
64 GF Score
Price C$1.28
GF Value C$2.52
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Organigram Global Cyclically Adjusted PB Ratio?

Organigram Global TSX:OGI -3.03% 64 Cyclically Adjusted PB Ratio is 0.24 as of Jul. 23, 2026, which is 53% below its 10-year median of 0.51. GuruFocus rates TSX:OGI with a GF Score™ of 64/100 and a GF Value™ of C$2.52 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 757 Drug Manufacturers companies, Organigram Global ranks better than 93% on this metric.

As of today (2026-07-23), Organigram Global's current share price is C$1.28. Organigram Global's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$5.38. Organigram Global's Cyclically Adjusted PB Ratio for today is 0.24.

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

TSX:OGI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.51   Max: 7.82
Current: 0.24

During the past years, Organigram Global's highest Cyclically Adjusted PB Ratio was 7.82. The lowest was 0.23. And the median was 0.51.

TSX:OGI's Cyclically Adjusted PB Ratio is ranked better than
93% of 757 companies
in the Drug Manufacturers industry
Industry Median: 1.84 vs TSX:OGI: 0.24

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.

Organigram Global's adjusted book value per share data for the three months ended in Mar. 2026 was C$2.725. 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$5.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Organigram Global  (TSX:OGI) 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.


Organigram Global Cyclically Adjusted PB Ratio Related Terms


Organigram Global Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Organigram Global'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.

Organigram Global Cyclically Adjusted PB Ratio Chart

Organigram Global Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 4.39 1.44 0.50 0.54

Organigram Global Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 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 0.29 0.36 0.54 0.44 0.34

TSX:OGI vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Organigram Global'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.


Organigram Global Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Organigram Global's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:OGI
64GF Score
Organigram Global Inc TSX:OGI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Organigram Global 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.

Organigram Global's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.28/5.38
=0.24

* 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.

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

For example, Organigram Global'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)
=2.725/132.2623*132.2623
=2.725

Current CPI (Mar. 2026) = 132.2623.

Organigram Global Quarterly Data

Book Value per Share CPI Adj_Book
201602 0.796 100.421 1.048
201605 0.827 101.765 1.075
201608 2.091 101.686 2.720
201611 2.244 101.607 2.921
201702 3.273 102.476 4.224
201705 3.204 103.108 4.110
201708 3.206 103.108 4.113
201711 3.256 103.740 4.151
201802 5.164 104.688 6.524
201805 5.289 105.399 6.637
201808 5.897 106.031 7.356
201811 7.193 105.478 9.020
201902 7.935 106.268 9.876
201905 8.744 107.927 10.716
201908 8.374 108.085 10.247
201911 8.418 107.769 10.331
202002 8.738 108.559 10.646
202005 6.841 107.532 8.414
202008 6.160 108.243 7.527
202011 5.492 108.796 6.677
202102 -4.185 109.745 -5.044
202105 6.740 111.404 8.002
202108 6.423 112.668 7.540
202111 6.439 113.932 7.475
202202 6.546 115.986 7.465
202205 6.520 120.016 7.185
202208 6.476 120.569 7.104
202211 6.567 121.675 7.138
202302 6.487 122.070 7.029
202305 3.751 124.045 3.999
202312 3.177 125.072 3.360
202403 2.877 126.258 3.014
202406 2.850 127.522 2.956
202409 2.818 127.285 2.928
202412 2.565 127.364 2.664
202503 2.918 129.181 2.988
202506 2.876 129.892 2.928
202509 2.597 130.287 2.636
202512 2.734 130.366 2.774
202603 2.725 132.262 2.725

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 0.24 mean?
Organigram Global (TSX:OGI) has a Cyclically Adjusted PB Ratio of 0.24 as of Jul. 23, 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 Organigram Global and its competitors. This is 53% below median its historical median of 0.51. Over the past decade, Organigram Global's Cyclically Adjusted PB Ratio has ranged from 0.23 to 7.82. According to the industry distribution chart, Organigram Global ranks #53 out of 757 companies in the Drug Manufacturers industry, placing it in the top 7%.
Is Organigram Global's Cyclically Adjusted PB Ratio too high?
Organigram Global's current Cyclically Adjusted PB Ratio of 0.24 is 53% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 7.82. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.84. Organigram Global's value of 0.24 is 87% below this industry median. Based on the distribution chart, Organigram Global ranks #53 out of 757 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Organigram Global has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Organigram Global's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Organigram Global ranks #53 out of 757 companies for Cyclically Adjusted PB Ratio. This places Organigram Global in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.84. Organigram Global's value of 0.24 is 87% below this benchmark. Historically, Organigram Global's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 7.82 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.84, Organigram Global 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.84, based on 757 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. Organigram Global's current Cyclically Adjusted PB Ratio of 0.24 is 87% 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 Organigram Global and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Organigram Global's current Cyclically Adjusted PB Ratio is 0.24, which is 53% below 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 Organigram Global stock overvalued right now?
Based on GuruFocus' analysis, Organigram Global (TSX:OGI) is currently considered Possible Value Trap. The stock's GF Value™ is C$2.52, compared to a current price of C$1.28 — trading 49.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.24, which is 53% below median its 10-year median of 0.51 and 87% below the Drug Manufacturers industry median of 1.84. Organigram Global's overall GF Score™ is 64/100 with 1 warning sign 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 Organigram Global (TSX:OGI), the current Cyclically Adjusted PB Ratio is 0.24 as of Jul. 23, 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 Organigram Global (TSX:OGI) Overvalued in 2026?

Based on GuruFocus' analysis, Organigram Global stock appears to be undervalued. The current stock price of C$1.28 is trading 49.2% below its estimated GF Value™ of C$2.52. GuruFocus considers Organigram Global to be Possible Value Trap.

Key valuation signals for TSX:OGI:

  • Cyclically Adjusted PB Ratio: 0.24 (53% below median its 10-year median of 0.51)
  • GF Value™: C$2.52 vs. price of C$1.28 (49.2% below fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 87% below the Drug Manufacturers median (#53 of 757)

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


Organigram Global Business Description

Other Exchanges OGI:USA0OG:Germany
Address 145 King Street West, Suite 1400, Toronto, ON, CAN, M5H 1J8
Organigram Global Inc is a licensed cultivator of cannabis and manufacturer of cannabis-derived goods in Canada. It is is focused on producing high-quality cannabis for adult recreational consumers. It has also developed and acquired a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O' Buds, SHRED, SHRED'ems, Monjour, Tremblant Cannabis, Trailblazer, BOXHOT and DEBUNK. Organigram operates facilities in Moncton, New Brunswick and Lac-Superieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba.
64GF Score

Get the complete analysis for TSX:OGI

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

C$1.28
Price
C$2.52
GF Value