Fintech Select (TSXV:FTEC) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

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

Shiller PE for Stocks: The True Measure of Stock Valuation


Fintech Select  (TSXV:FTEC) 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.


Fintech Select Cyclically Adjusted PB Ratio Related Terms


Fintech Select Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fintech Select'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.

Fintech Select Cyclically Adjusted PB Ratio Chart

Fintech Select 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 0.00 0.00 0.00 0.00 0.00

Fintech Select 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:FTEC vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Fintech Select'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.


Fintech Select Cyclically Adjusted PB Ratio vs Software Industry

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

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



Fintech Select 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.

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

For example, Fintech Select'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)
=-0.004/132.2623*132.2623
=-0.004

Current CPI (Mar. 2026) = 132.2623.

Fintech Select Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.411 102.002 -0.533
201609 -0.383 101.765 -0.498
201612 -0.330 101.449 -0.430
201703 -0.296 102.634 -0.381
201706 -0.115 103.029 -0.148
201709 -0.093 103.345 -0.119
201712 -0.066 103.345 -0.084
201803 -0.051 105.004 -0.064
201806 -0.054 105.557 -0.068
201809 -0.055 105.636 -0.069
201812 -0.055 105.399 -0.069
201903 -0.044 106.979 -0.054
201906 -0.045 107.690 -0.055
201909 -0.046 107.611 -0.057
201912 -0.048 107.769 -0.059
202003 -0.046 107.927 -0.056
202006 -0.045 108.401 -0.055
202009 -0.043 108.164 -0.053
202012 -0.040 108.559 -0.049
202103 -0.035 110.298 -0.042
202106 -0.036 111.720 -0.043
202109 -0.036 112.905 -0.042
202112 -0.037 113.774 -0.043
202203 -0.005 117.646 -0.006
202206 -0.009 120.806 -0.010
202209 -0.011 120.648 -0.012
202212 -0.018 120.964 -0.020
202303 -0.011 122.702 -0.012
202306 -0.009 124.203 -0.010
202309 -0.011 125.230 -0.012
202312 -0.010 125.072 -0.011
202403 -0.004 126.258 -0.004
202406 0.000 127.522 0.000
202409 -0.001 127.285 -0.001
202412 0.000 127.364 0.000
202503 0.001 129.181 0.001
202506 0.001 129.892 0.001
202509 -0.001 130.287 -0.001
202512 -0.006 130.366 -0.006
202603 -0.004 132.262 -0.004

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.


Fintech Select Business Description

Other Exchanges SLXXF:USAZ1S1:Germany
Address 100 King Street W, Unit T201a, Chatham, ON, CAN, N7M 6A9
Fintech Select Ltd leads the way in financial payment services, offering cutting-edge solutions such as prepaid card programs, POS Cryptocurrency, and e-wallet and online payment solutions. The Company also operates a multi-lingual call center to third-party customers in Canada and the USA.