Prime Dividend (TSX:PDV) Cyclically Adjusted PB Ratio: 1.41 (As of Jul. 17, 2026) — 83% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:PDV Prime Dividend Corp TSX:PDV
39 GF Score
Price C$16.09
! 5 Warning Signs
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What is Prime Dividend Cyclically Adjusted PB Ratio?

Prime Dividend TSX:PDV +1.19% 39 Cyclically Adjusted PB Ratio is 1.41 as of Jul. 17, 2026, which is 83% above its 10-year median of 0.77. GuruFocus rates TSX:PDV with a GF Score™ of 39/100. The stock has 5 warning signs investors should review. Among 1,000 Asset Management companies, Prime Dividend ranks worse than 73.5% on this metric.

As of today (2026-07-17), Prime Dividend's current share price is C$16.09. Prime Dividend's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 was C$11.45. Prime Dividend's Cyclically Adjusted PB Ratio for today is 1.41.

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

TSX:PDV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.77   Max: 1.36
Current: 1.35

During the past 13 years, Prime Dividend's highest Cyclically Adjusted PB Ratio was 1.36. The lowest was 0.34. And the median was 0.77.

TSX:PDV's Cyclically Adjusted PB Ratio is ranked worse than
73.5% of 1000 companies
in the Asset Management industry
Industry Median: 0.85 vs TSX:PDV: 1.35

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.

Prime Dividend's adjusted book value per share data of for the fiscal year that ended in Nov25 was C$12.276. 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$11.45 for the trailing ten years ended in Nov25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Prime Dividend  (TSX:PDV) 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.


Prime Dividend Cyclically Adjusted PB Ratio Related Terms


Prime Dividend Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Prime Dividend'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.

Prime Dividend Cyclically Adjusted PB Ratio Chart

Prime Dividend Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.67 0.43 0.76 0.96

Prime Dividend Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 0.43 0.00 0.76 0.00 0.96

TSX:PDV vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Prime Dividend'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.


Prime Dividend Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Prime Dividend's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:PDV
39GF Score
Prime Dividend Corp TSX:PDV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Prime Dividend 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.

Prime Dividend's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.09/11.45
=1.41

* 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.

Prime Dividend's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 is calculated as:

For example, Prime Dividend's adjusted Book Value per Share data for the fiscal year that ended in Nov25 was:

Adj_Book=Book Value per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=12.276/130.6821*130.6821
=12.276

Current CPI (Nov25) = 130.6821.

Prime Dividend Annual Data

Book Value per Share CPI Adj_Book
201611 12.159 101.607 15.638
201711 13.179 103.740 16.602
201811 8.873 105.478 10.993
201911 10.208 107.769 12.378
202011 7.678 108.796 9.223
202111 10.942 113.932 12.551
202211 7.836 121.675 8.416
202311 6.010 125.468 6.260
202411 9.920 127.838 10.141
202511 12.276 130.682 12.276

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 1.41 mean?
Prime Dividend (TSX:PDV) has a Cyclically Adjusted PB Ratio of 1.41 as of Jul. 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 Prime Dividend and its competitors. This is 83% above median its historical median of 0.77. Over the past decade, Prime Dividend's Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.36. According to the industry distribution chart, Prime Dividend ranks #735 out of 1000 companies in the Asset Management industry, placing it in the top 73.5%.
Is Prime Dividend's Cyclically Adjusted PB Ratio too high?
Prime Dividend's current Cyclically Adjusted PB Ratio of 1.41 is 83% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.36. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Prime Dividend's value of 1.41 is 65.9% above this industry median. Based on the distribution chart, Prime Dividend ranks #735 out of 1000 companies in the Asset Management industry, which is below the industry midpoint. Overall, Prime Dividend has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Prime Dividend's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Prime Dividend ranks #735 out of 1000 companies for Cyclically Adjusted PB Ratio. This places Prime Dividend in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Prime Dividend's value of 1.41 is 65.9% above this benchmark. Historically, Prime Dividend's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.36 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.85, Prime Dividend 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 1,000 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. Prime Dividend's current Cyclically Adjusted PB Ratio of 1.41 is 65.9% 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 Prime Dividend and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prime Dividend's current Cyclically Adjusted PB Ratio is 1.41, which is 83% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prime Dividend stock overvalued right now?
Prime Dividend (TSX:PDV) has a current Cyclically Adjusted PB Ratio of 1.41. The current Cyclically Adjusted PB Ratio is 1.41, which is 83% above median its 10-year median of 0.77 and 65.9% above the Asset Management industry median of 0.85. Prime Dividend's overall GF Score™ is 39/100 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 Prime Dividend (TSX:PDV), the current Cyclically Adjusted PB Ratio is 1.41 as of Jul. 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.

Prime Dividend Business Description

Other Exchanges PDV.PR.A.PFD:Canada
Address 200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Prime Dividend Corp is a mutual fund company that invests in an actively managed portfolio of common shares comprised of large capitalization dividend yielding Canadian companies. The company employs an active covered call writing program to enhance the income earned from the portfolio. The company offers two types of shares: Preferred Shares and Class A Shares.
39GF 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$16.09
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