Boardwalktech Software (TSXV:BWLK) Cyclically Adjusted PB Ratio: (As of Sep. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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 Boardwalktech Software Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boardwalktech Software  (TSXV:BWLK) 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.


Boardwalktech Software Cyclically Adjusted PB Ratio Related Terms


Boardwalktech Software Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boardwalktech Software'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.

Boardwalktech Software Cyclically Adjusted PB Ratio Chart

Boardwalktech Software Annual Data
Trend Dec16 Dec17 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Boardwalktech Software 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 0.00 0.00 0.00 0.00 0.00

TSXV:BWLK vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Boardwalktech Software'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.


Boardwalktech Software Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Boardwalktech Software's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boardwalktech Software 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.

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

For example, Boardwalktech Software'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)
=-0.088/330.2130*330.2130
=-0.088

Current CPI (Mar. 2026) = 330.2130.

Boardwalktech Software Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 -0.017 241.428 -0.023
201612 -0.018 241.432 -0.025
201703 0.000 243.801 0.000
201706 -0.022 244.955 -0.030
201709 -0.022 246.819 -0.029
201712 -0.023 246.524 -0.031
201803 -0.027 249.554 -0.036
201806 -0.745 251.989 -0.976
201809 -0.935 252.439 -1.223
201812 -1.160 251.233 -1.525
201903 -0.568 254.202 -0.738
201906 -0.628 256.143 -0.810
201909 -0.740 256.759 -0.952
201912 -0.631 256.974 -0.811
202003 -0.439 258.115 -0.562
202006 -0.378 257.797 -0.484
202009 -0.418 260.280 -0.530
202012 -0.344 260.474 -0.436
202103 0.074 264.877 0.092
202106 0.059 271.696 0.072
202109 0.046 274.310 0.055
202112 0.030 278.802 0.036
202203 0.013 287.504 0.015
202206 0.002 296.311 0.002
202209 -0.020 296.808 -0.022
202212 -0.017 296.797 -0.019
202303 -0.027 301.836 -0.030
202306 -0.044 305.109 -0.048
202309 -0.057 307.789 -0.061
202312 -0.024 306.746 -0.026
202403 -0.039 312.332 -0.041
202406 -0.053 314.175 -0.056
202409 -0.066 315.301 -0.069
202412 -0.081 315.605 -0.085
202503 -0.074 319.799 -0.076
202506 -0.078 322.561 -0.080
202509 -0.083 324.800 -0.084
202512 -0.090 324.054 -0.092
202603 -0.088 330.213 -0.088

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.


Boardwalktech Software Business Description

Other Exchanges BWLKF:USA
Address 10050 N. Wolfe Road, Suite No. SW1-276, Cupertino, CA, USA, 95014
Boardwalktech Software Corp designs and sells collaborative enterprise digital ledger data management technology offered as either a cloud-based platform service that runs industry, or customer-specific applications, Boardwalk Application Engine (BAE) or Boardwalk Enterprise Blockchain (BEB) platforms. The company has developed two solutions that run on the core Boardwalk Digital Ledger technology, including Boardwalk Velocity, which is focused on risk management and compliance within the financial services sector, and Unity Central, which is targeted at improving enterprise supply chain visibility and order execution fulfillment metrics. Geographically, the company generates all of its revenue from its operations based in the United States.