TerraVest Industries (TSX:TVK) Cyclically Adjusted PB Ratio: 9.96 (As of Aug. 12, 2026) — 168% Above Median

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TSX:TVK TerraVest Industries Inc TSX:TVK
86 GF Score
Price C$122.57
GF Value C$156.03
Valuation Modestly Undervalued
! 6 Warning Signs
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What is TerraVest Industries Cyclically Adjusted PB Ratio?

TerraVest Industries TSX:TVK -1.33% 86 Cyclically Adjusted PB Ratio is 9.96 as of Aug. 12, 2026, which is 168% above its 10-year median of 3.72. GuruFocus rates TSX:TVK with a GF Score™ of 86/100 and a GF Value™ of C$156.03 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 765 Oil & Gas companies, TerraVest Industries ranks worse than 97.12% on this metric.

As of today (2026-08-12), TerraVest Industries's current share price is C$122.57. TerraVest Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$12.31. TerraVest Industries's Cyclically Adjusted PB Ratio for today is 9.96.

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

TSX:TVK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 3.72   Max: 18.38
Current: 9.78

During the past years, TerraVest Industries's highest Cyclically Adjusted PB Ratio was 18.38. The lowest was 1.27. And the median was 3.72.

TSX:TVK's Cyclically Adjusted PB Ratio is ranked worse than
97.12% of 765 companies
in the Oil & Gas industry
Industry Median: 1.18 vs TSX:TVK: 9.78

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.

TerraVest Industries's adjusted book value per share data for the three months ended in Mar. 2026 was C$34.952. 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$12.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TerraVest Industries  (TSX:TVK) 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.


TerraVest Industries Cyclically Adjusted PB Ratio Related Terms


TerraVest Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TerraVest Industries'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.

TerraVest Industries Cyclically Adjusted PB Ratio Chart

TerraVest Industries Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.53 3.97 5.35 11.52 13.02

TerraVest Industries 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 15.36 16.95 13.02 14.41 10.74

TSX:TVK vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, TerraVest Industries'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.


TerraVest Industries Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TerraVest Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:TVK
86GF Score
TerraVest Industries Inc TSX:TVK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TerraVest Industries 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.

TerraVest Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=122.57/12.31
=9.96

* 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.

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

For example, TerraVest Industries'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)
=34.952/132.2623*132.2623
=34.952

Current CPI (Mar. 2026) = 132.2623.

TerraVest Industries Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.682 102.002 6.071
201609 4.681 101.765 6.084
201612 4.806 101.449 6.266
201703 4.673 102.634 6.022
201706 4.612 103.029 5.921
201709 4.688 103.345 6.000
201712 4.853 103.345 6.211
201803 4.933 105.004 6.214
201806 4.644 105.557 5.819
201809 5.009 105.636 6.272
201812 5.111 105.399 6.414
201903 5.312 106.979 6.567
201906 5.444 107.690 6.686
201909 5.697 107.611 7.002
201912 5.928 107.769 7.275
202003 6.335 107.927 7.763
202006 6.282 108.401 7.665
202009 6.741 108.164 8.243
202012 7.114 108.559 8.667
202103 7.559 110.298 9.064
202106 7.017 111.720 8.307
202109 7.517 112.905 8.806
202112 8.361 113.774 9.720
202203 0.000 117.646 0.000
202206 9.204 120.806 10.077
202209 10.264 120.648 11.252
202212 10.745 120.964 11.749
202303 11.144 122.702 12.012
202306 11.320 124.203 12.055
202309 12.119 125.230 12.800
202312 13.110 125.072 13.864
202403 14.127 126.258 14.799
202406 18.346 127.522 19.028
202409 18.853 127.285 19.590
202412 20.449 127.364 21.235
202503 21.678 129.181 22.195
202506 32.188 129.892 32.775
202509 33.295 130.287 33.800
202512 34.323 130.366 34.822
202603 34.952 132.262 34.952

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 9.96 mean?
TerraVest Industries (TSX:TVK) has a Cyclically Adjusted PB Ratio of 9.96 as of Aug. 12, 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 TerraVest Industries and its competitors. This is 168% above median its historical median of 3.72. Over the past decade, TerraVest Industries' Cyclically Adjusted PB Ratio has ranged from 1.27 to 18.38. According to the industry distribution chart, TerraVest Industries ranks #743 out of 765 companies in the Oil & Gas industry, placing it in the top 97.1%.
Is TerraVest Industries' Cyclically Adjusted PB Ratio too high?
TerraVest Industries' current Cyclically Adjusted PB Ratio of 9.96 is 168% above median its 10-year median of 3.72. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 18.38. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. TerraVest Industries' value of 9.96 is 744.1% above this industry median. Based on the distribution chart, TerraVest Industries ranks #743 out of 765 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, TerraVest Industries has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TerraVest Industries' Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, TerraVest Industries ranks #743 out of 765 companies for Cyclically Adjusted PB Ratio. This places TerraVest Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. TerraVest Industries' value of 9.96 is 744.1% above this benchmark. Historically, TerraVest Industries' own Cyclically Adjusted PB Ratio has ranged from 1.27 to 18.38 over the past decade. While the company's 10-year median is 3.72 vs. the industry median of 1.18, TerraVest Industries 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 Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.18, based on 765 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. TerraVest Industries's current Cyclically Adjusted PB Ratio of 9.96 is 744.1% 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 TerraVest Industries and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TerraVest Industries's current Cyclically Adjusted PB Ratio is 9.96, which is 168% above median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TerraVest Industries stock overvalued right now?
Based on GuruFocus' analysis, TerraVest Industries (TSX:TVK) is currently considered Modestly Undervalued. The stock's GF Value™ is C$156.03, compared to a current price of C$122.57 — trading 21.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.96, which is 168% above median its 10-year median of 3.72 and 744.1% above the Oil & Gas industry median of 1.18. TerraVest Industries' overall GF Score™ is 86/100 with 6 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 TerraVest Industries (TSX:TVK), the current Cyclically Adjusted PB Ratio is 9.96 as of Aug. 12, 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 TerraVest Industries (TSX:TVK) Overvalued in 2026?

Based on GuruFocus' analysis, TerraVest Industries stock appears to be undervalued. The current stock price of C$122.57 is trading 21.4% below its estimated GF Value™ of C$156.03. GuruFocus considers TerraVest Industries to be Modestly Undervalued.

Key valuation signals for TSX:TVK:

  • Cyclically Adjusted PB Ratio: 9.96 (168% above median its 10-year median of 3.72)
  • GF Value™: C$156.03 vs. price of C$122.57 (21.4% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 744.1% above the Oil & Gas median (#743 of 765)

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


TerraVest Industries Business Description

Industry EnergyOil & Gas
Other Exchanges TRRVF:USA4TV:Germany
Address 60th Street, Suite 6205, Vegreville, AB, CAN, T9C 1S3
TerraVest Industries Inc manufactures home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include Home Heating and Cooling Products and Containment Equipment (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment), and Service. The majority of its revenue is generated from its HVAC and Cooling Products and Containment Equipment segment which manufactures and distributes products including commercial and residential refined fuel tanks, wastewater treatment systems, grease removal systems, and other custom-built steel storage products.
86GF Score

Get the complete analysis for TSX:TVK

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

C$122.57
Price
C$156.03
GF Value