Wall Financial (TSX:WFC) Cyclically Adjusted PB Ratio: 3.23 (As of Aug. 03, 2026) — 30% 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:WFC Wall Financial Corp TSX:WFC
75 GF Score
Price C$18.88
GF Value C$17.84
Valuation Fairly Valued
! 12 Warning Signs
View Full Analysis

What is Wall Financial Cyclically Adjusted PB Ratio?

Wall Financial TSX:WFC 75 Cyclically Adjusted PB Ratio is 3.23 as of Aug. 03, 2026, which is 30% below its 10-year median of 4.59. GuruFocus rates TSX:WFC with a GF Score™ of 75/100 and a GF Value™ of C$17.84 (Fairly Valued). The stock has 12 warning signs investors should review. Among 645 Travel & Leisure companies, Wall Financial ranks worse than 79.53% on this metric.

As of today (2026-08-03), Wall Financial's current share price is C$18.88. Wall Financial's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was C$5.85. Wall Financial's Cyclically Adjusted PB Ratio for today is 3.23.

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

TSX:WFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.02   Med: 4.59   Max: 10.95
Current: 3.25

During the past years, Wall Financial's highest Cyclically Adjusted PB Ratio was 10.95. The lowest was 2.02. And the median was 4.59.

TSX:WFC's Cyclically Adjusted PB Ratio is ranked worse than
79.53% of 645 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs TSX:WFC: 3.25

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.

Wall Financial's adjusted book value per share data for the three months ended in Apr. 2026 was C$5.746. 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$5.85 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wall Financial  (TSX:WFC) 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.


Wall Financial Cyclically Adjusted PB Ratio Related Terms


Wall Financial Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wall Financial'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.

Wall Financial Cyclically Adjusted PB Ratio Chart

Wall Financial Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.52 3.22 5.22 2.47 2.80

Wall Financial Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.21 2.88 2.79 2.80 2.74

TSX:WFC vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Wall Financial'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.


Wall Financial Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Wall Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:WFC
75GF Score
Wall Financial Corp TSX:WFC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wall Financial 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.

Wall Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.88/5.85
=3.23

* 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.

Wall Financial's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Wall Financial's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=5.746/132.7364*132.7364
=5.746

Current CPI (Apr. 2026) = 132.7364.

Wall Financial Quarterly Data

Book Value per Share CPI Adj_Book
201607 3.603 101.844 4.696
201610 3.493 102.002 4.545
201701 3.493 102.318 4.531
201704 3.565 103.029 4.593
201707 3.267 103.029 4.209
201710 3.403 103.424 4.367
201801 3.359 104.056 4.285
201804 3.344 105.320 4.214
201807 3.609 106.110 4.515
201810 2.885 105.952 3.614
201901 3.978 105.557 5.002
201904 6.148 107.453 7.595
201907 5.152 108.243 6.318
201910 5.483 107.927 6.743
202001 5.585 108.085 6.859
202004 5.471 107.216 6.773
202007 5.427 108.401 6.645
202010 5.423 108.638 6.626
202101 5.675 109.192 6.899
202104 5.393 110.851 6.458
202107 5.573 112.431 6.580
202110 5.626 113.695 6.568
202201 5.703 114.801 6.594
202204 6.707 118.357 7.522
202207 6.994 120.964 7.675
202210 7.217 121.517 7.883
202301 7.268 121.596 7.934
202304 4.346 123.571 4.668
202307 4.615 124.914 4.904
202310 4.897 125.310 5.187
202401 4.892 125.072 5.192
202404 4.972 126.890 5.201
202407 5.270 128.075 5.462
202410 5.547 127.838 5.760
202501 5.637 127.443 5.871
202504 5.814 129.102 5.978
202507 6.183 130.290 6.299
202510 6.545 130.603 6.652
202601 6.630 130.366 6.751
202604 5.746 132.736 5.746

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 3.23 mean?
Wall Financial (TSX:WFC) has a Cyclically Adjusted PB Ratio of 3.23 as of Aug. 03, 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 Wall Financial and its competitors. This is 30% below median its historical median of 4.59. Over the past decade, Wall Financial's Cyclically Adjusted PB Ratio has ranged from 2.02 to 10.95. According to the industry distribution chart, Wall Financial ranks #513 out of 645 companies in the Travel & Leisure industry, placing it in the top 79.5%.
Is Wall Financial's Cyclically Adjusted PB Ratio too high?
Wall Financial's current Cyclically Adjusted PB Ratio of 3.23 is 30% below median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 10.95. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Wall Financial's value of 3.23 is 169.2% above this industry median. Based on the distribution chart, Wall Financial ranks #513 out of 645 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Wall Financial has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wall Financial's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Wall Financial ranks #513 out of 645 companies for Cyclically Adjusted PB Ratio. This places Wall Financial in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Wall Financial's value of 3.23 is 169.2% above this benchmark. Historically, Wall Financial's own Cyclically Adjusted PB Ratio has ranged from 2.02 to 10.95 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 1.20, Wall Financial 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 a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 645 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. Wall Financial's current Cyclically Adjusted PB Ratio of 3.23 is 169.2% 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 Wall Financial and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wall Financial's current Cyclically Adjusted PB Ratio is 3.23, which is 30% below median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wall Financial stock overvalued right now?
Based on GuruFocus' analysis, Wall Financial (TSX:WFC) is currently considered Fairly Valued. The stock's GF Value™ is C$17.84, compared to a current price of C$18.88 — trading 5.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.23, which is 30% below median its 10-year median of 4.59 and 169.2% above the Travel & Leisure industry median of 1.20. Wall Financial's overall GF Score™ is 75/100 with 12 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 Wall Financial (TSX:WFC), the current Cyclically Adjusted PB Ratio is 3.23 as of Aug. 03, 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 Wall Financial (TSX:WFC) Overvalued in 2026?

Based on GuruFocus' analysis, Wall Financial stock appears to be overvalued. The current stock price of C$18.88 is trading 5.8% above its estimated GF Value™ of C$17.84. GuruFocus considers Wall Financial to be Fairly Valued.

Key valuation signals for TSX:WFC:

  • Cyclically Adjusted PB Ratio: 3.23 (30% below median its 10-year median of 4.59)
  • GF Value™: C$17.84 vs. price of C$18.88 (5.8% above fair value)
  • GF Score™: 75/100 with 12 warning signs
  • Industry Position: 169.2% above the Travel & Leisure median (#513 of 645)

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


Wall Financial Business Description

Other Exchanges WFICF:USA
Address 1088 Burrard Street, 5th Floor, Office Of The President, Vancouver, BC, CAN, V6Z 2R9
Wall Financial Corp operates predominantly in the Greater Vancouver area of British Columbia in the development and management of residential rental units, development and construction of residential housing for re-sale, and the development and management of hotel properties. The company operates in three different segments of the real estate industry: ownership and management of revenue-producing residential and commercial properties (Rental), ownership and management of hotel properties (Hotel), and the development and sale of residential housing (Development). It derives the majority of the revenue from Rental segment.
75GF Score

Get the complete analysis for TSX:WFC

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

C$18.88
Price
C$17.84
GF Value