Enablence Technologies (TSXV:ENA) Cyclically Adjusted PB Ratio: (As of Aug. 09, 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.
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.

TSXV:ENA Enablence Technologies Inc TSXV:ENA
33 GF Score
Price C$5.36
GF Value C$3.99
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Enablence Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Enablence Technologies  (TSXV:ENA) 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.


Enablence Technologies Cyclically Adjusted PB Ratio Related Terms


Enablence Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Enablence Technologies'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.

Enablence Technologies Cyclically Adjusted PB Ratio Chart

Enablence Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
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

Enablence Technologies 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:ENA vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Enablence Technologies'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.


Enablence Technologies Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TSXV:ENA
33GF Score
Enablence Technologies Inc TSXV:ENA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enablence Technologies 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.

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

For example, Enablence Technologies'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)
=-3.73/132.2623*132.2623
=-3.730

Current CPI (Mar. 2026) = 132.2623.

Enablence Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.818 102.002 -1.061
201609 -1.425 101.765 -1.852
201612 -1.234 101.449 -1.609
201703 -1.561 102.634 -2.012
201706 -1.133 103.029 -1.454
201709 -1.651 103.345 -2.113
201712 -2.365 103.345 -3.027
201803 -2.850 105.004 -3.590
201806 -3.588 105.557 -4.496
201809 -3.871 105.636 -4.847
201812 -4.411 105.399 -5.535
201903 -5.148 106.979 -6.365
201906 -5.978 107.690 -7.342
201909 -6.283 107.611 -7.722
201912 -6.915 107.769 -8.487
202003 -7.362 107.927 -9.022
202006 -8.072 108.401 -9.849
202009 -8.441 108.164 -10.322
202012 -8.839 108.559 -10.769
202103 -8.949 110.298 -10.731
202106 -9.079 111.720 -10.748
202109 -9.164 112.905 -10.735
202112 -0.608 113.774 -0.707
202203 -0.680 117.646 -0.764
202206 -0.674 120.806 -0.738
202209 -0.760 120.648 -0.833
202212 -0.876 120.964 -0.958
202303 -0.980 122.702 -1.056
202306 -0.923 124.203 -0.983
202309 -1.097 125.230 -1.159
202312 -1.293 125.072 -1.367
202403 -1.487 126.258 -1.558
202406 -1.897 127.522 -1.968
202409 -2.152 127.285 -2.236
202412 -2.392 127.364 -2.484
202503 -2.737 129.181 -2.802
202506 -2.447 129.892 -2.492
202509 -2.820 130.287 -2.863
202512 -3.286 130.366 -3.334
202603 -3.730 132.262 -3.730

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 Enablence Technologies (TSXV:ENA) Overvalued in 2026?

Based on GuruFocus' analysis, Enablence Technologies stock appears to be overvalued. The current stock price of C$5.36 is trading 34.3% above its estimated GF Value™ of C$3.99. GuruFocus considers Enablence Technologies to be Significantly Overvalued.

Key valuation signals for TSXV:ENA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$3.99 vs. price of C$5.36 (34.3% above fair value)
  • GF Score™: 33/100 with 6 warning signs

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


Enablence Technologies Business Description

Other Exchanges ENAFF:USAOA8:Germany
Address 390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headset.
33GF Score

Get the complete analysis for TSXV:ENA

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

C$5.36
Price
C$3.99
GF Value