Canopy Growth (TSX:WEED) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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:WEED Canopy Growth Corp TSX:WEED
37 GF Score
Price C$1.30
GF Value C$0.80
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Canopy Growth Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canopy Growth  (TSX:WEED) 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.


Canopy Growth Cyclically Adjusted PB Ratio Related Terms


Canopy Growth Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Canopy Growth'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.

Canopy Growth Cyclically Adjusted PB Ratio Chart

Canopy Growth Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.15 0.02 0.02

Canopy Growth Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.02 0.03 0.02 0.02 0.02

TSX:WEED vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Canopy Growth'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.


Canopy Growth Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


TSX:WEED
37GF Score
Canopy Growth Corp TSX:WEED
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Canopy Growth 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.

Canopy Growth's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Canopy Growth's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.628/133.5265*133.5265
=1.628

Current CPI (Jun. 2026) = 133.5265.

Canopy Growth Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.966 101.765 19.637
201612 20.365 101.449 26.804
201703 37.903 102.634 49.312
201706 41.484 103.029 53.764
201709 43.347 103.345 56.006
201712 53.407 103.345 69.005
201803 62.374 105.004 79.317
201806 60.822 105.557 76.938
201809 82.272 105.636 103.994
201812 221.832 105.399 281.032
201903 214.555 106.979 267.798
201906 173.473 107.690 215.091
201909 161.420 107.611 200.294
201912 158.282 107.769 196.112
202003 147.891 107.927 182.969
202006 141.888 108.401 174.775
202009 138.506 108.164 170.983
202012 114.914 108.559 141.343
202103 94.595 110.298 114.517
202106 108.882 111.720 130.135
202109 109.690 112.905 129.724
202112 106.852 113.774 125.403
202203 91.790 117.646 104.181
202206 40.337 120.806 44.584
202209 34.648 120.648 38.347
202212 29.092 120.964 32.113
202303 14.692 122.702 15.988
202306 13.523 124.203 14.538
202309 9.040 125.230 9.639
202312 6.568 125.072 7.012
202403 5.493 126.258 5.809
202406 6.579 127.522 6.889
202409 5.430 127.285 5.696
202412 4.580 127.364 4.802
202503 2.603 129.181 2.691
202506 2.384 129.892 2.451
202509 2.214 130.287 2.269
202512 2.059 130.366 2.109
202603 1.653 132.262 1.669
202606 1.628 133.527 1.628

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.

Is Canopy Growth (TSX:WEED) Overvalued in 2026?

Based on GuruFocus' analysis, Canopy Growth stock appears to be overvalued. The current stock price of C$1.30 is trading 62.5% above its estimated GF Value™ of C$0.80. GuruFocus considers Canopy Growth to be Significantly Overvalued.

Key valuation signals for TSX:WEED:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$0.80 vs. price of C$1.30 (62.5% above fair value)
  • GF Score™: 37/100 with 3 warning signs

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


Canopy Growth Business Description

Other Exchanges CGC:USA11L:Germany
Address 1 Hershey Drive, Smiths Falls, ON, CAN, K7A 0A8
Canopy Growth Corp is a cannabis company that produces, distributes, and sells a diverse range of cannabis and cannabis-related products for adult-use and medical purposes under a portfolio of distinct brands in Canada. The Company supplies cannabis products in Canada, Europe, and Australia. It is focused on the medical and adult-use cannabis markets in Canada, offering a broad portfolio of brands and formats for medical cannabis patients and adult-use consumers. The Company operates through two reportable segments: Cannabis, which generates maximum revenue and includes the production, distribution, and sale of cannabis and cannabis-related products, and Storz & Bickel, which includes the production, distribution, and sale of vaporizers and accessories.
37GF Score

Get the complete analysis for TSX:WEED

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

C$1.30
Price
C$0.80
GF Value