Taiga Building Products (TSX:TBL) Cyclically Adjusted PB Ratio: 1.65 (As of Jul. 30, 2026) — 43% 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:TBL Taiga Building Products Ltd TSX:TBL
75 GF Score
Price C$3.65
GF Value C$3.26
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Taiga Building Products Cyclically Adjusted PB Ratio?

Taiga Building Products TSX:TBL -0.82% 75 Cyclically Adjusted PB Ratio is 1.65 as of Jul. 30, 2026, which is 43% below its 10-year median of 2.90. GuruFocus rates TSX:TBL with a GF Score™ of 75/100 and a GF Value™ of C$3.26 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 126 Industrial Distribution companies, Taiga Building Products ranks worse than 57.94% on this metric.

As of today (2026-07-30), Taiga Building Products's current share price is C$3.65. Taiga Building Products's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$2.21. Taiga Building Products's Cyclically Adjusted PB Ratio for today is 1.65.

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

TSX:TBL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.9   Max: 25.5
Current: 1.64

During the past years, Taiga Building Products's highest Cyclically Adjusted PB Ratio was 25.50. The lowest was 1.60. And the median was 2.90.

TSX:TBL's Cyclically Adjusted PB Ratio is ranked worse than
57.94% of 126 companies
in the Industrial Distribution industry
Industry Median: 1.32 vs TSX:TBL: 1.64

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.

Taiga Building Products's adjusted book value per share data for the three months ended in Mar. 2026 was C$2.949. 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$2.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiga Building Products  (TSX:TBL) 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.


Taiga Building Products Cyclically Adjusted PB Ratio Related Terms


Taiga Building Products Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taiga Building Products'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.

Taiga Building Products Cyclically Adjusted PB Ratio Chart

Taiga Building Products Annual Data
Trend Mar16 Mar17 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 7.76 2.86 2.39 1.72

Taiga Building Products 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 2.10 1.79 1.85 1.72 1.69

TSX:TBL vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Taiga Building Products'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.


Taiga Building Products Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Taiga Building Products's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:TBL
75GF Score
Taiga Building Products Ltd TSX:TBL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiga Building Products 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.

Taiga Building Products's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.65/2.21
=1.65

* 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.

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

For example, Taiga Building Products'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)
=2.949/132.2623*132.2623
=2.949

Current CPI (Mar. 2026) = 132.2623.

Taiga Building Products Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.678 102.002 -0.879
201609 -0.567 101.765 -0.737
201612 -0.549 101.449 -0.716
201703 -0.551 102.634 -0.710
201706 -0.422 103.029 -0.542
201709 -0.278 103.345 -0.356
201712 0.820 103.345 1.049
201803 0.891 105.004 1.122
201806 0.952 105.557 1.193
201809 0.994 105.636 1.245
201812 1.024 105.399 1.285
201903 1.098 106.979 1.357
201906 1.139 107.690 1.399
201909 1.227 107.611 1.508
201912 1.253 107.769 1.538
202003 1.357 107.927 1.663
202006 1.459 108.401 1.780
202009 1.759 108.164 2.151
202012 1.889 108.559 2.301
202103 1.871 110.298 2.244
202106 2.399 111.720 2.840
202109 2.378 112.905 2.786
202112 2.468 113.774 2.869
202203 2.818 117.646 3.168
202206 3.041 120.806 3.329
202209 3.281 120.648 3.597
202212 3.358 120.964 3.672
202303 3.483 122.702 3.754
202306 3.615 124.203 3.850
202309 3.838 125.230 4.054
202312 3.755 125.072 3.971
202403 3.814 126.258 3.995
202406 3.958 127.522 4.105
202409 4.071 127.285 4.230
202412 4.302 127.364 4.467
202503 4.316 129.181 4.419
202506 2.707 129.892 2.756
202509 2.857 130.287 2.900
202512 2.842 130.366 2.883
202603 2.949 132.262 2.949

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 1.65 mean?
Taiga Building Products (TSX:TBL) has a Cyclically Adjusted PB Ratio of 1.65 as of Jul. 30, 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 Taiga Building Products and its competitors. This is 43% below median its historical median of 2.90. Over the past decade, Taiga Building Products' Cyclically Adjusted PB Ratio has ranged from 1.60 to 25.50. According to the industry distribution chart, Taiga Building Products ranks #73 out of 126 companies in the Industrial Distribution industry, placing it in the top 57.9%.
Is Taiga Building Products' Cyclically Adjusted PB Ratio too high?
Taiga Building Products' current Cyclically Adjusted PB Ratio of 1.65 is 43% below median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 25.50. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.32. Taiga Building Products' value of 1.65 is 25% above this industry median. Based on the distribution chart, Taiga Building Products ranks #73 out of 126 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Taiga Building Products has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiga Building Products' Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Taiga Building Products ranks #73 out of 126 companies for Cyclically Adjusted PB Ratio. This places Taiga Building Products in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.32. Taiga Building Products' value of 1.65 is 25% above this benchmark. Historically, Taiga Building Products' own Cyclically Adjusted PB Ratio has ranged from 1.60 to 25.50 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 1.32, Taiga Building Products 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 Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.32, based on 126 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. Taiga Building Products's current Cyclically Adjusted PB Ratio of 1.65 is 25% 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 Taiga Building Products and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiga Building Products's current Cyclically Adjusted PB Ratio is 1.65, which is 43% below median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiga Building Products stock overvalued right now?
Based on GuruFocus' analysis, Taiga Building Products (TSX:TBL) is currently considered Modestly Overvalued. The stock's GF Value™ is C$3.26, compared to a current price of C$3.65 — trading 12% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.65, which is 43% below median its 10-year median of 2.90 and 25% above the Industrial Distribution industry median of 1.32. Taiga Building Products' overall GF Score™ is 75/100 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 Taiga Building Products (TSX:TBL), the current Cyclically Adjusted PB Ratio is 1.65 as of Jul. 30, 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 Taiga Building Products (TSX:TBL) Overvalued in 2026?

Based on GuruFocus' analysis, Taiga Building Products stock appears to be overvalued. The current stock price of C$3.65 is trading 12% above its estimated GF Value™ of C$3.26. GuruFocus considers Taiga Building Products to be Modestly Overvalued.

Key valuation signals for TSX:TBL:

  • Cyclically Adjusted PB Ratio: 1.65 (43% below median its 10-year median of 2.90)
  • GF Value™: C$3.26 vs. price of C$3.65 (12% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 25% above the Industrial Distribution median (#73 of 126)

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


Taiga Building Products Business Description

Other Exchanges TGAFF:USA4T7:Germany
Address 4710 Kingsway, Suite 800, Burnaby, BC, CAN, V5H 4M2
Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. The product range of the company includes composite decking, engineered wood, lumber, mouldings, panels, polyethylene, treated wood, roofing, flooring, and others. The company earns the majority of its revenue from Canada, followed by the United States.
75GF Score

Get the complete analysis for TSX:TBL

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

C$3.65
Price
C$3.26
GF Value