GreenPower Motor Co (TSXV:GPV) Cyclically Adjusted PB Ratio: (As of Aug. 22, 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
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:GPV GreenPower Motor Co Inc TSXV:GPV
28 GF Score
Price C$2.10
GF Value C$3.75
! 9 Warning Signs
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What is GreenPower Motor Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


GreenPower Motor Co  (TSXV:GPV) 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.


GreenPower Motor Co Cyclically Adjusted PB Ratio Related Terms


GreenPower Motor Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GreenPower Motor Co'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.

GreenPower Motor Co Cyclically Adjusted PB Ratio Chart

GreenPower Motor Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.38 3.19 2.80 0.77 0.17

GreenPower Motor Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.63 0.57 0.13 0.17 0.27

TSXV:GPV vs ARTW, CLEV, HCAI: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, GreenPower Motor Co'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.


GreenPower Motor Co Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GreenPower Motor Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:GPV
28GF Score
GreenPower Motor Co Inc TSXV:GPV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GreenPower Motor Co 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.

GreenPower Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, GreenPower Motor Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.457/133.5265*133.5265
=1.457

Current CPI (Jun. 2026) = 133.5265.

GreenPower Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.618 101.765 2.123
201612 2.914 101.449 3.835
201703 2.231 102.634 2.903
201706 2.194 103.029 2.843
201709 1.804 103.345 2.331
201712 1.815 103.345 2.345
201803 2.107 105.004 2.679
201806 1.635 105.557 2.068
201809 1.233 105.636 1.559
201812 0.417 105.399 0.528
201903 -0.085 106.979 -0.106
201906 2.115 107.690 2.622
201909 1.672 107.611 2.075
201912 0.746 107.769 0.924
202003 -1.059 107.927 -1.310
202006 -2.093 108.401 -2.578
202009 24.163 108.164 29.829
202012 22.968 108.559 28.250
202103 21.752 110.298 26.333
202106 20.992 111.720 25.089
202109 21.043 112.905 24.886
202112 20.349 113.774 23.882
202203 18.804 117.646 21.342
202206 17.521 120.806 19.366
202209 16.548 120.648 18.314
202212 15.728 120.964 17.361
202303 15.311 122.702 16.662
202306 13.954 124.203 15.001
202309 12.121 125.230 12.924
202312 9.696 125.072 10.351
202403 6.265 126.258 6.626
202406 4.449 127.522 4.658
202409 2.124 127.285 2.228
202412 1.033 127.364 1.083
202503 -0.782 129.181 -0.808
202506 -2.363 129.892 -2.429
202509 -3.785 130.287 -3.879
202512 -1.430 130.366 -1.465
202603 0.698 132.262 0.705
202606 1.457 133.527 1.457

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 GreenPower Motor Co (TSXV:GPV) Overvalued in 2026?

Based on GuruFocus' analysis, GreenPower Motor Co stock appears to be undervalued. The current stock price of C$2.10 is trading 44% below its estimated GF Value™ of C$3.75.

Key valuation signals for TSXV:GPV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$3.75 vs. price of C$2.10 (44% below fair value)
  • GF Score™: 28/100 with 9 warning signs

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


GreenPower Motor Co Business Description

Other Exchanges GP:USAGRT:Germany
Address 209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2
GreenPower Motor Co Inc is the manufacturer and distributor of all-electric charter, school, and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes all-electric transit buses, all-electric school buses, and shuttle buses. The company's buses depend on clean sheet design and utilize a custom battery management system and a proprietary flex power system for the drive motors. Geographically, the company generates a majority of its revenue from the United States of America and the rest from Canada.
28GF Score

Get the complete analysis for TSXV:GPV

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

C$2.10
Price
C$3.75
GF Value