Avricore Health (TSXV:AVCR) Cyclically Adjusted PB Ratio: 1.88 (As of Sep. 01, 2026) — 69% Above 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.

What is Avricore Health Cyclically Adjusted PB Ratio?

Avricore Health TSXV:AVCR +15.38% Cyclically Adjusted PB Ratio is 1.88 as of Sep. 01, 2026, which is 69% above its 10-year median of 1.11. The stock has 7 warning signs investors should review. Among 128 Medical Diagnostics & Research companies, Avricore Health ranks worse than 56.25% on this metric.

As of today (2026-09-01), Avricore Health's current share price is C$0.075. Avricore Health's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.04. Avricore Health's Cyclically Adjusted PB Ratio for today is 1.88.

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

TSXV:AVCR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 1.11   Max: 17.5
Current: 2.25

During the past years, Avricore Health's highest Cyclically Adjusted PB Ratio was 17.50. The lowest was 0.25. And the median was 1.11.

TSXV:AVCR's Cyclically Adjusted PB Ratio is ranked worse than
56.25% of 128 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.95 vs TSXV:AVCR: 2.25

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.

Avricore Health's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.002. 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$0.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avricore Health  (TSXV:AVCR) 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.


Avricore Health Cyclically Adjusted PB Ratio Related Terms


Avricore Health Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Avricore Health'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.

Avricore Health Cyclically Adjusted PB Ratio Chart

Avricore Health 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 4.59 3.55 1.98 0.71 1.06

Avricore Health 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 0.72 0.80 1.28 1.06 1.75

TSXV:AVCR vs TMO, DHR, NTRA: Cyclically Adjusted PB Ratio Comparison

For the Diagnostics & Research subindustry, Avricore Health'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.


Avricore Health Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Avricore Health's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Avricore Health 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.

Avricore Health's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.075/0.04
=1.88

* 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.

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

For example, Avricore Health'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)
=0.002/132.2623*132.2623
=0.002

Current CPI (Mar. 2026) = 132.2623.

Avricore Health Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.215 102.002 0.279
201609 0.000 101.765 0.000
201612 0.128 101.449 0.167
201703 0.087 102.634 0.112
201706 0.080 103.029 0.103
201709 0.062 103.345 0.079
201712 0.090 103.345 0.115
201803 0.076 105.004 0.096
201806 0.082 105.557 0.103
201809 0.067 105.636 0.084
201812 0.022 105.399 0.028
201903 0.014 106.979 0.017
201906 0.003 107.690 0.004
201909 -0.004 107.611 -0.005
201912 -0.009 107.769 -0.011
202003 -0.011 107.927 -0.013
202006 -0.015 108.401 -0.018
202009 -0.014 108.164 -0.017
202012 -0.010 108.559 -0.012
202103 0.027 110.298 0.032
202106 0.025 111.720 0.030
202109 0.024 112.905 0.028
202112 0.023 113.774 0.027
202203 0.021 117.646 0.024
202206 0.019 120.806 0.021
202209 0.018 120.648 0.020
202212 0.020 120.964 0.022
202303 0.000 122.702 0.000
202306 0.018 124.203 0.019
202309 0.018 125.230 0.019
202312 0.020 125.072 0.021
202403 0.022 126.258 0.023
202406 0.023 127.522 0.024
202409 0.025 127.285 0.026
202412 0.019 127.364 0.020
202503 0.019 129.181 0.019
202506 0.016 129.892 0.016
202509 0.013 130.287 0.013
202512 0.004 130.366 0.004
202603 0.002 132.262 0.002

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 1.88 mean?
Avricore Health (TSXV:AVCR) has a Cyclically Adjusted PB Ratio of 1.88 as of Sep. 01, 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 Avricore Health and its competitors. This is 69% above median its historical median of 1.11. Over the past decade, Avricore Health's Cyclically Adjusted PB Ratio has ranged from 0.25 to 17.50. According to the industry distribution chart, Avricore Health ranks #72 out of 128 companies in the Medical Diagnostics & Research industry, placing it in the top 56.2%.
Is Avricore Health's Cyclically Adjusted PB Ratio too high?
Avricore Health's current Cyclically Adjusted PB Ratio of 1.88 is 69% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 17.50. The Medical Diagnostics & Research industry median Cyclically Adjusted PB Ratio is 1.95. Avricore Health's value of 1.88 is 3.6% below this industry median. Based on the distribution chart, Avricore Health ranks #72 out of 128 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint.
How does Avricore Health's Cyclically Adjusted PB Ratio compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Avricore Health ranks #72 out of 128 companies for Cyclically Adjusted PB Ratio. This places Avricore Health in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.95. Avricore Health's value of 1.88 is 3.6% below this benchmark. Historically, Avricore Health's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 17.50 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.95, Avricore Health has consistently been below 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 Medical Diagnostics & Research company?
The median Cyclically Adjusted PB Ratio among Medical Diagnostics & Research companies is 1.95, based on 128 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. Avricore Health's current Cyclically Adjusted PB Ratio of 1.88 is 3.6% below 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 Avricore Health and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PB Ratio is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avricore Health's current Cyclically Adjusted PB Ratio is 1.88, which is 69% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avricore Health stock overvalued right now?
Based on GuruFocus' analysis, Avricore Health (TSXV:AVCR) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.02, compared to a current price of C$0.08 — trading 275% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.88, which is 69% above median its 10-year median of 1.11 and 3.6% below the Medical Diagnostics & Research industry median of 1.95. 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 Avricore Health (TSXV:AVCR), the current Cyclically Adjusted PB Ratio is 1.88 as of Sep. 01, 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.

Avricore Health Business Description

Other Exchanges AVCRF:USA
Address 1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2
Avricore Health Inc is a Canada-based company. The company is involved in the business of health data and point-of-care technologies. The company has only one segment, being the HealthTab - Point of Care Business in Canada. The company's revenues are generated from operating leases of the POCT system and the sale of testing panels. Geographically, the company operates in Canada and United Kingdom, it derives maximum revenue Canada.