Novra Technologies (TSXV:NVI) Cyclically Adjusted PB Ratio: (As of Aug. 16, 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.
Reviewed by: Charlie Tian Charlie Tian
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:NVI Novra Technologies Inc TSXV:NVI
42 GF Score
Price C$0.16
GF Value C$0.06
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Novra Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Novra Technologies  (TSXV:NVI) 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.


Novra Technologies Cyclically Adjusted PB Ratio Related Terms


Novra Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Novra 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.

Novra Technologies Cyclically Adjusted PB Ratio Chart

Novra Technologies 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 7.70 7.76 0.00 0.00 0.00

Novra Technologies 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:NVI vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Novra 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.


Novra Technologies Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TSXV:NVI
42GF Score
Novra Technologies Inc TSXV:NVI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Novra 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.

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

For example, Novra Technologies'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)
=0.048/132.2623*132.2623
=0.048

Current CPI (Mar. 2026) = 132.2623.

Novra Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.038 102.002 0.049
201609 0.015 101.765 0.019
201612 0.028 101.449 0.037
201703 0.036 102.634 0.046
201706 0.066 103.029 0.085
201709 0.068 103.345 0.087
201712 0.065 103.345 0.083
201803 0.053 105.004 0.067
201806 0.039 105.557 0.049
201809 0.052 105.636 0.065
201812 0.051 105.399 0.064
201903 0.026 106.979 0.032
201906 0.019 107.690 0.023
201909 0.025 107.611 0.031
201912 0.002 107.769 0.002
202003 -0.021 107.927 -0.026
202006 -0.016 108.401 -0.020
202009 -0.030 108.164 -0.037
202012 -0.049 108.559 -0.060
202103 -0.024 110.298 -0.029
202106 -0.031 111.720 -0.037
202109 -0.060 112.905 -0.070
202112 -0.052 113.774 -0.060
202203 -0.070 117.646 -0.079
202206 -0.078 120.806 -0.085
202209 -0.091 120.648 -0.100
202212 -0.084 120.964 -0.092
202303 -0.090 122.702 -0.097
202306 -0.094 124.203 -0.100
202309 -0.096 125.230 -0.101
202312 -0.085 125.072 -0.090
202403 -0.107 126.258 -0.112
202406 -0.116 127.522 -0.120
202409 -0.123 127.285 -0.128
202412 -0.130 127.364 -0.135
202503 -0.112 129.181 -0.115
202506 -0.086 129.892 -0.088
202509 -0.090 130.287 -0.091
202512 -0.083 130.366 -0.084
202603 0.048 132.262 0.048

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 Novra Technologies (TSXV:NVI) Overvalued in 2026?

Based on GuruFocus' analysis, Novra Technologies stock appears to be overvalued. The current stock price of C$0.16 is trading 158.3% above its estimated GF Value™ of C$0.06. GuruFocus considers Novra Technologies to be Significantly Overvalued.

Key valuation signals for TSXV:NVI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$0.06 vs. price of C$0.16 (158.3% above fair value)
  • GF Score™: 42/100 with 3 warning signs

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


Novra Technologies Business Description

Other Exchanges NVRVF:USA
Address 100 Innovation Drive, Suite 210, Winnipeg, MB, CAN, R3T 6G2
Novra Technologies Inc is engaged in the satellite data distribution business. It offers a comprehensive product portfolio including hardware, software, and services. In addition to its core video, radio, and data products, areas of expertise and added value include encryption and cybersecurity, next-generation hybrid networks (satellite/terrestrial/cloud), and efficient bandwidth utilization. The company is spread across the United States, which is the key revenue driver, Canada, EMEA, and APAC.
42GF Score

Get the complete analysis for TSXV:NVI

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

C$0.16
Price
C$0.06
GF Value