GINSMS (TSXV:GOK) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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.
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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 GINSMS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GINSMS  (TSXV:GOK) 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.


GINSMS Cyclically Adjusted PB Ratio Related Terms


GINSMS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GINSMS'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.

GINSMS Cyclically Adjusted PB Ratio Chart

GINSMS 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

GINSMS 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:GOK vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, GINSMS'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.


GINSMS Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, GINSMS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GINSMS 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.

GINSMS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, GINSMS's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.017/130.3661*130.3661
=-0.017

Current CPI (Dec. 2025) = 130.3661.

GINSMS Quarterly Data

Book Value per Share CPI Adj_Book
201603 -0.025 101.054 -0.032
201606 -0.027 102.002 -0.035
201609 -0.030 101.765 -0.038
201612 -0.033 101.449 -0.042
201703 -0.035 102.634 -0.044
201706 -0.030 103.029 -0.038
201709 -0.030 103.345 -0.038
201712 -0.033 103.345 -0.042
201803 -0.035 105.004 -0.043
201806 -0.036 105.557 -0.044
201809 -0.038 105.636 -0.047
201812 -0.040 105.399 -0.049
201903 -0.041 106.979 -0.050
201906 -0.042 107.690 -0.051
201909 -0.042 107.611 -0.051
201912 -0.043 107.769 -0.052
202003 -0.043 107.927 -0.052
202006 -0.044 108.401 -0.053
202009 -0.043 108.164 -0.052
202012 -0.043 108.559 -0.052
202103 -0.042 110.298 -0.050
202106 -0.040 111.720 -0.047
202109 -0.040 112.905 -0.046
202112 -0.040 113.774 -0.046
202203 -0.040 117.646 -0.044
202206 -0.039 120.806 -0.042
202209 -0.039 120.648 -0.042
202212 -0.012 120.964 -0.013
202303 -0.012 122.702 -0.013
202306 -0.012 124.203 -0.013
202309 -0.012 125.230 -0.012
202312 -0.013 125.072 -0.014
202403 -0.013 126.258 -0.013
202406 -0.012 127.522 -0.012
202409 -0.012 127.285 -0.012
202412 -0.014 127.364 -0.014
202503 -0.015 129.181 -0.015
202506 -0.014 129.892 -0.014
202509 -0.016 130.287 -0.016
202512 -0.017 130.366 -0.017

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.


GINSMS Business Description

Address 700 9th Avenue SW, Suite 3000, Calgary, AB, CAN, T2P 3V4
GINSMS Inc is a Canada-based investment holding company. Its principal activities are providing messaging services which include enabling mobile application developers, short message service gateways, enterprises, and financial institutions to deliver SMS without any upfront capital investment through the use of the corporation's application programming interface. It also provides software products and services. The company's revenue sources are A2P messaging service income and software products and services income. The company provides services to various countries that are Singapore, Indonesia, Europe, Other Asian countries, the United States and other regions, of which majority revenue is derived from Singapore.