LQWD Technologies (TSXV:LQWD) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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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.

TSXV:LQWD LQWD Technologies Corp TSXV:LQWD
22 GF Score
Price C$0.95
! 3 Warning Signs
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What is LQWD Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LQWD Technologies  (TSXV:LQWD) 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.


LQWD Technologies Cyclically Adjusted PB Ratio Related Terms


LQWD Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LQWD 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.

LQWD Technologies Cyclically Adjusted PB Ratio Chart

LQWD Technologies Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.17 0.27 0.73 0.86

LQWD Technologies Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.01 1.05 0.73 0.70 0.70

TSXV:LQWD vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, LQWD 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.


LQWD Technologies Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSXV:LQWD
22GF Score
LQWD Technologies Corp TSXV:LQWD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LQWD 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.

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

For example, LQWD Technologies's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.909/134.0005*134.0005
=0.909

Current CPI (May. 2026) = 134.0005.

LQWD Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201608 1.952 101.686 2.572
201611 1.409 101.607 1.858
201702 1.367 102.476 1.788
201705 1.353 103.108 1.758
201708 1.334 103.108 1.734
201711 1.405 103.740 1.815
201802 1.243 104.688 1.591
201805 1.145 105.399 1.456
201808 0.996 106.031 1.259
201811 0.831 105.478 1.056
201902 0.691 106.268 0.871
201905 1.005 107.927 1.248
201908 0.781 108.085 0.968
201911 0.817 107.769 1.016
202002 0.656 108.559 0.810
202005 0.616 107.532 0.768
202008 0.547 108.243 0.677
202011 0.617 108.796 0.760
202102 0.929 109.745 1.134
202105 2.039 111.404 2.453
202108 1.700 112.668 2.022
202111 1.988 113.932 2.338
202202 1.788 115.986 2.066
202205 1.446 120.016 1.614
202208 1.146 120.569 1.274
202211 1.071 121.675 1.179
202302 0.891 122.070 0.978
202305 0.937 124.045 1.012
202308 0.795 125.389 0.850
202311 0.913 125.468 0.975
202402 0.862 125.468 0.921
202405 0.914 127.601 0.960
202408 0.784 127.838 0.822
202411 1.126 127.838 1.180
202502 0.996 128.786 1.036
202505 1.118 129.813 1.154
202508 1.383 130.208 1.423
202511 1.122 130.682 1.150
202602 0.849 131.077 0.868
202605 0.909 134.001 0.909

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.


LQWD Technologies Business Description

Other Exchanges LQWDF:USA
Address 1710 - 1050 West Pender Street, Vancouver, BC, CAN, V6B 2S2
LQWD Technologies Corp is developing software, which enables the setup of nodes and payment channels on the Bitcoin Lightning Network. The Lightning Network is a layer two technology that dramatically improves Bitcoin's scalability, transaction fees, and settlement times.
22GF Score

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

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