Power of Canada (TSX:POW) Cyclically Adjusted PB Ratio: 3.49 (As of Jul. 13, 2026) — 160% Above Median

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TSX:POW Power Corporation of Canada TSX:POW
60 GF Score
Price C$91.04
GF Value C$64.16
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Power of Canada Cyclically Adjusted PB Ratio?

Power of Canada TSX:POW 60 Cyclically Adjusted PB Ratio is 3.49 as of Jul. 13, 2026, which is 160% above its 10-year median of 1.34. GuruFocus rates TSX:POW with a GF Score™ of 60/100 and a GF Value™ of C$64.16 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 416 Insurance companies, Power of Canada ranks worse than 85.82% on this metric.

As of today (2026-07-13), Power of Canada's current share price is C$91.04. Power of Canada's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$26.05. Power of Canada's Cyclically Adjusted PB Ratio for today is 3.49.

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

TSX:POW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.34   Max: 3.49
Current: 3.49

During the past years, Power of Canada's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 0.77. And the median was 1.34.

TSX:POW's Cyclically Adjusted PB Ratio is ranked worse than
85.82% of 416 companies
in the Insurance industry
Industry Median: 1.405 vs TSX:POW: 3.49

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.

Power of Canada's adjusted book value per share data for the three months ended in Mar. 2026 was C$22.107. 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$26.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Power of Canada  (TSX:POW) 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.


Power of Canada Cyclically Adjusted PB Ratio Related Terms


Power of Canada Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Power of Canada'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.

Power of Canada Cyclically Adjusted PB Ratio Chart

Power of Canada 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 1.65 1.20 1.42 1.70 2.81

Power of Canada 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 1.92 2.01 2.29 2.81 2.57

TSX:POW vs AFL, MET, PRU: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Life subindustry, Power of Canada'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.


Power of Canada Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Power of Canada's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:POW
60GF Score
Power Corporation of Canada TSX:POW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Power of Canada 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.

Power of Canada's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=91.04/26.05
=3.49

* 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.

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

For example, Power of Canada'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)
=22.107/132.2623*132.2623
=22.107

Current CPI (Mar. 2026) = 132.2623.

Power of Canada Quarterly Data

Book Value per Share CPI Adj_Book
201606 24.848 102.002 32.220
201609 25.790 101.765 33.519
201612 26.358 101.449 34.364
201703 26.891 102.634 34.654
201706 27.070 103.029 34.751
201709 27.293 103.345 34.930
201712 27.855 103.345 35.649
201803 28.871 105.004 36.366
201806 28.868 105.557 36.171
201809 28.418 105.636 35.581
201812 28.737 105.399 36.061
201903 29.102 106.979 35.980
201906 28.528 107.690 35.037
201909 28.657 107.611 35.222
201912 29.282 107.769 35.937
202003 15.116 107.927 18.524
202006 15.339 108.401 18.715
202009 16.149 108.164 19.747
202012 17.267 108.559 21.037
202103 17.047 110.298 20.442
202106 19.310 111.720 22.861
202109 19.883 112.905 23.292
202112 17.039 113.774 19.808
202203 19.093 117.646 21.465
202206 18.958 120.806 20.756
202209 19.183 120.648 21.030
202212 17.149 120.964 18.751
202303 17.594 122.702 18.965
202306 17.208 124.203 18.325
202309 18.161 125.230 19.181
202312 18.258 125.072 19.308
202403 18.801 126.258 19.695
202406 19.254 127.522 19.970
202409 19.709 127.285 20.480
202412 21.237 127.364 22.054
202503 21.755 129.181 22.274
202506 21.538 129.892 21.931
202509 22.358 130.287 22.697
202512 21.901 130.366 22.220
202603 22.107 132.262 22.107

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 3.49 mean?
Power of Canada (TSX:POW) has a Cyclically Adjusted PB Ratio of 3.49 as of Jul. 13, 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 Power of Canada and its competitors. This is 160% above median its historical median of 1.34. Over the past decade, Power of Canada's Cyclically Adjusted PB Ratio has ranged from 0.77 to 3.49. According to the industry distribution chart, Power of Canada ranks #357 out of 416 companies in the Insurance industry, placing it in the top 85.8%.
Is Power of Canada's Cyclically Adjusted PB Ratio too high?
Power of Canada's current Cyclically Adjusted PB Ratio of 3.49 is 160% above median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 3.49. The Insurance industry median Cyclically Adjusted PB Ratio is 1.41. Power of Canada's value of 3.49 is 148.4% above this industry median. Based on the distribution chart, Power of Canada ranks #357 out of 416 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Power of Canada has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Power of Canada's Cyclically Adjusted PB Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, Power of Canada ranks #357 out of 416 companies for Cyclically Adjusted PB Ratio. This places Power of Canada in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.41. Power of Canada's value of 3.49 is 148.4% above this benchmark. Historically, Power of Canada's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 3.49 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.41, Power of Canada 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 Insurance company?
The median Cyclically Adjusted PB Ratio among Insurance companies is 1.41, based on 416 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. Power of Canada's current Cyclically Adjusted PB Ratio of 3.49 is 148.4% 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 Power of Canada and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power of Canada's current Cyclically Adjusted PB Ratio is 3.49, which is 160% above median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power of Canada stock overvalued right now?
Based on GuruFocus' analysis, Power of Canada (TSX:POW) is currently considered Significantly Overvalued. The stock's GF Value™ is C$64.16, compared to a current price of C$91.04 — trading 41.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.49, which is 160% above median its 10-year median of 1.34 and 148.4% above the Insurance industry median of 1.41. Power of Canada's overall GF Score™ is 60/100 with 8 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 Power of Canada (TSX:POW), the current Cyclically Adjusted PB Ratio is 3.49 as of Jul. 13, 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 Power of Canada (TSX:POW) Overvalued in 2026?

Based on GuruFocus' analysis, Power of Canada stock appears to be overvalued. The current stock price of C$91.04 is trading 41.9% above its estimated GF Value™ of C$64.16. GuruFocus considers Power of Canada to be Significantly Overvalued.

Key valuation signals for TSX:POW:

  • Cyclically Adjusted PB Ratio: 3.49 (160% above median its 10-year median of 1.34)
  • GF Value™: C$64.16 vs. price of C$91.04 (41.9% above fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 148.4% above the Insurance median (#357 of 416)

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


Power of Canada Business Description

Address 751 Victoria Square, Montreal, QC, CAN, H2Y 2J3
Power Corp. of Canada is a holding company with controlling interests in Great-West Lifeco (one of the big three Canadian life insurers), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert, a holding company with interests in European firms.
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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$91.04
Price
C$64.16
GF Value