Airiq (TSXV:IQ) Cyclically Adjusted PB Ratio: 3.20 (As of Aug. 02, 2026) — 31% Below Median

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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.

TSXV:IQ Airiq Inc TSXV:IQ
62 GF Score
Price C$0.48
GF Value C$0.52
Valuation Fairly Valued
! 5 Warning Signs
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What is Airiq Cyclically Adjusted PB Ratio?

Airiq TSXV:IQ 62 Cyclically Adjusted PB Ratio is 3.20 as of Aug. 02, 2026, which is 31% below its 10-year median of 4.63. GuruFocus rates TSXV:IQ with a GF Score™ of 62/100 and a GF Value™ of C$0.52 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,573 Software companies, Airiq ranks worse than 63.13% on this metric.

As of today (2026-08-02), Airiq's current share price is C$0.48. Airiq's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.15. Airiq's Cyclically Adjusted PB Ratio for today is 3.20.

The historical rank and industry rank for Airiq's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSXV:IQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 4.63   Max: 41.5
Current: 3.27

During the past years, Airiq's highest Cyclically Adjusted PB Ratio was 41.50. The lowest was 0.24. And the median was 4.63.

TSXV:IQ's Cyclically Adjusted PB Ratio is ranked worse than
63.13% of 1573 companies
in the Software industry
Industry Median: 2.24 vs TSXV:IQ: 3.27

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Airiq's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.275. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$0.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Airiq  (TSXV:IQ) 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.


Airiq Cyclically Adjusted PB Ratio Related Terms


Airiq Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Airiq'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.

Airiq Cyclically Adjusted PB Ratio Chart

Airiq 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 7.17 4.54 4.40 2.84 3.41

Airiq 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 2.84 3.03 3.18 3.61 3.41

TSXV:IQ vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Airiq'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.


Airiq Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSXV:IQ
62GF Score
Airiq Inc TSXV:IQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Airiq 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.

Airiq's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.48/0.15
=3.20

* 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.

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

For example, Airiq'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)
=0.275/132.2623*132.2623
=0.275

Current CPI (Mar. 2026) = 132.2623.

Airiq Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.026 102.002 0.034
201609 0.029 101.765 0.038
201612 0.033 101.449 0.043
201703 0.036 102.634 0.046
201706 0.039 103.029 0.050
201709 0.040 103.345 0.051
201712 0.043 103.345 0.055
201803 0.043 105.004 0.054
201806 0.047 105.557 0.059
201809 0.050 105.636 0.063
201812 0.051 105.399 0.064
201903 0.052 106.979 0.064
201906 0.058 107.690 0.071
201909 0.066 107.611 0.081
201912 0.069 107.769 0.085
202003 0.077 107.927 0.094
202006 0.083 108.401 0.101
202009 0.089 108.164 0.109
202012 0.090 108.559 0.110
202103 0.090 110.298 0.108
202106 0.095 111.720 0.112
202109 0.102 112.905 0.119
202112 0.105 113.774 0.122
202203 0.107 117.646 0.120
202206 0.114 120.806 0.125
202209 0.124 120.648 0.136
202212 0.130 120.964 0.142
202303 0.237 122.702 0.255
202306 0.250 124.203 0.266
202309 0.257 125.230 0.271
202312 0.261 125.072 0.276
202403 0.268 126.258 0.281
202406 0.274 127.522 0.284
202409 0.275 127.285 0.286
202412 0.276 127.364 0.287
202503 0.275 129.181 0.282
202506 0.276 129.892 0.281
202509 0.279 130.287 0.283
202512 0.283 130.366 0.287
202603 0.275 132.262 0.275

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.

What does a Cyclically Adjusted PB Ratio of 3.20 mean?
Airiq (TSXV:IQ) has a Cyclically Adjusted PB Ratio of 3.20 as of Aug. 02, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Airiq and its competitors. This is 31% below median its historical median of 4.63. Over the past decade, Airiq's Cyclically Adjusted PB Ratio has ranged from 0.24 to 41.50. According to the industry distribution chart, Airiq ranks #993 out of 1573 companies in the Software industry, placing it in the top 63.1%.
Is Airiq's Cyclically Adjusted PB Ratio too high?
Airiq's current Cyclically Adjusted PB Ratio of 3.20 is 31% below median its 10-year median of 4.63. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 41.50. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Airiq's value of 3.20 is 42.9% above this industry median. Based on the distribution chart, Airiq ranks #993 out of 1573 companies in the Software industry, which is below the industry midpoint. Overall, Airiq has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Airiq's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Airiq ranks #993 out of 1573 companies for Cyclically Adjusted PB Ratio. This places Airiq in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Airiq's value of 3.20 is 42.9% above this benchmark. Historically, Airiq's own Cyclically Adjusted PB Ratio has ranged from 0.24 to 41.50 over the past decade. While the company's 10-year median is 4.63 vs. the industry median of 2.24, Airiq has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,573 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airiq's current Cyclically Adjusted PB Ratio of 3.20 is 42.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Airiq and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airiq's current Cyclically Adjusted PB Ratio is 3.20, which is 31% below median its own 10-year median of 4.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airiq stock overvalued right now?
Based on GuruFocus' analysis, Airiq (TSXV:IQ) is currently considered Fairly Valued. The stock's GF Value™ is C$0.52, compared to a current price of C$0.48 — trading 7.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.20, which is 31% below median its 10-year median of 4.63 and 42.9% above the Software industry median of 2.24. Airiq's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Airiq (TSXV:IQ), the current Cyclically Adjusted PB Ratio is 3.20 as of Aug. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Airiq (TSXV:IQ) Overvalued in 2026?

Based on GuruFocus' analysis, Airiq stock appears to be undervalued. The current stock price of C$0.48 is trading 7.7% below its estimated GF Value™ of C$0.52. GuruFocus considers Airiq to be Fairly Valued.

Key valuation signals for TSXV:IQ:

  • Cyclically Adjusted PB Ratio: 3.20 (31% below median its 10-year median of 4.63)
  • GF Value™: C$0.52 vs. price of C$0.48 (7.7% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 42.9% above the Software median (#993 of 1573)

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


Airiq Business Description

Other Exchanges AILQF:USA
Address 1099 Kingstone Road, Suite 207, Pickering, ON, CAN, L1V 1B5
Airiq Inc is a pioneer in IoT-based asset management solutions. The company solutions allow commercial businesses to reliably, effectively, and efficiently monitor assets in near real-time. The company develops iOS and Android mobile and web-based applications, and cloud-based solutions that are standalone or that can be readily integrated with existing software. The company solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety, and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.
62GF Score

Get the complete analysis for TSXV:IQ

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

C$0.48
Price
C$0.52
GF Value