Spackman Equities Group (TSXV:SQG) Cyclically Adjusted PB Ratio: 0.05 (As of Aug. 29, 2026) — 50% Below Median

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:SQG Spackman Equities Group Inc TSXV:SQG
40 GF Score
Price C$0.11
! 2 Warning Signs
View Full Analysis

What is Spackman Equities Group Cyclically Adjusted PB Ratio?

Spackman Equities Group TSXV:SQG +5.00% 40 Cyclically Adjusted PB Ratio is 0.05 as of Aug. 29, 2026, which is 50% below its 10-year median of 0.10. GuruFocus rates TSXV:SQG with a GF Score™ of 40/100. The stock has 2 warning signs investors should review. Among 972 Asset Management companies, Spackman Equities Group ranks better than 98.15% on this metric.

As of today (2026-08-29), Spackman Equities Group's current share price is C$0.105. Spackman Equities Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$1.91. Spackman Equities Group's Cyclically Adjusted PB Ratio for today is 0.05.

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

TSXV:SQG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.1   Max: 2.17
Current: 0.05

During the past years, Spackman Equities Group's highest Cyclically Adjusted PB Ratio was 2.17. The lowest was 0.02. And the median was 0.10.

TSXV:SQG's Cyclically Adjusted PB Ratio is ranked better than
98.15% of 972 companies
in the Asset Management industry
Industry Median: 0.85 vs TSXV:SQG: 0.05

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.

Spackman Equities Group's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.048. 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$1.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spackman Equities Group  (TSXV:SQG) 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.


Spackman Equities Group Cyclically Adjusted PB Ratio Related Terms


Spackman Equities Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spackman Equities Group'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.

Spackman Equities Group Cyclically Adjusted PB Ratio Chart

Spackman Equities Group 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 0.08 0.03 0.05 1.39 0.07

Spackman Equities Group 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 0.92 0.36 0.16 0.07 0.05

TSXV:SQG vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Spackman Equities Group'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.


Spackman Equities Group Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Spackman Equities Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:SQG
40GF Score
Spackman Equities Group Inc TSXV:SQG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spackman Equities Group 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.

Spackman Equities Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.105/1.91
=0.05

* 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.

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

For example, Spackman Equities Group'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.

Spackman Equities Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.312 102.002 6.888
201609 5.846 101.765 7.598
201612 8.788 101.449 11.457
201703 7.803 102.634 10.056
201706 6.845 103.029 8.787
201709 5.968 103.345 7.638
201712 4.924 103.345 6.302
201803 4.762 105.004 5.998
201806 2.677 105.557 3.354
201809 2.191 105.636 2.743
201812 1.181 105.399 1.482
201903 1.020 106.979 1.261
201906 0.985 107.690 1.210
201909 0.507 107.611 0.623
201912 0.705 107.769 0.865
202003 0.355 107.927 0.435
202006 0.339 108.401 0.414
202009 0.131 108.164 0.160
202012 0.081 108.559 0.099
202103 0.061 110.298 0.073
202106 -0.001 111.720 -0.001
202109 0.202 112.905 0.237
202112 -0.107 113.774 -0.124
202203 -0.131 117.646 -0.147
202206 -0.149 120.806 -0.163
202209 -0.170 120.648 -0.186
202212 -0.241 120.964 -0.264
202303 -0.262 122.702 -0.282
202306 -0.294 124.203 -0.313
202309 -0.338 125.230 -0.357
202312 2.076 125.072 2.195
202403 -0.519 126.258 -0.544
202406 -0.537 127.522 -0.557
202409 -0.604 127.285 -0.628
202412 0.044 127.364 0.046
202503 0.038 129.181 0.039
202506 0.035 129.892 0.036
202509 0.054 130.287 0.055
202512 0.049 130.366 0.050
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.

What does a Cyclically Adjusted PB Ratio of 0.05 mean?
Spackman Equities Group (TSXV:SQG) has a Cyclically Adjusted PB Ratio of 0.05 as of Aug. 29, 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 Spackman Equities Group and its competitors. This is 50% below median its historical median of 0.10. Over the past decade, Spackman Equities Group's Cyclically Adjusted PB Ratio has ranged from 0.02 to 2.17. According to the industry distribution chart, Spackman Equities Group ranks #18 out of 972 companies in the Asset Management industry, placing it in the top 1.9%.
Is Spackman Equities Group's Cyclically Adjusted PB Ratio too high?
Spackman Equities Group's current Cyclically Adjusted PB Ratio of 0.05 is 50% below median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 2.17. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Spackman Equities Group's value of 0.05 is 94.1% below this industry median. Based on the distribution chart, Spackman Equities Group ranks #18 out of 972 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Spackman Equities Group has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Spackman Equities Group's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Spackman Equities Group ranks #18 out of 972 companies for Cyclically Adjusted PB Ratio. This places Spackman Equities Group in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.85. Spackman Equities Group's value of 0.05 is 94.1% below this benchmark. Historically, Spackman Equities Group's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 2.17 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.85, Spackman Equities Group has consistently been below 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 972 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. Spackman Equities Group's current Cyclically Adjusted PB Ratio of 0.05 is 94.1% below 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 Spackman Equities Group and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spackman Equities Group's current Cyclically Adjusted PB Ratio is 0.05, which is 50% below median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spackman Equities Group stock overvalued right now?
Spackman Equities Group (TSXV:SQG) has a current Cyclically Adjusted PB Ratio of 0.05. The current Cyclically Adjusted PB Ratio is 0.05, which is 50% below median its 10-year median of 0.10 and 94.1% below the Asset Management industry median of 0.85. Spackman Equities Group's overall GF Score™ is 40/100 with 2 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 Spackman Equities Group (TSXV:SQG), the current Cyclically Adjusted PB Ratio is 0.05 as of Aug. 29, 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.

Spackman Equities Group Business Description

Address 18 King Street East, Suite 1400, Toronto, ON, CAN, M5C 1C4
Spackman Equities Group Inc is engaged in the business of identifying and investing in or acquiring small/medium-sized growth companies. The company focuses on investing in acquiring growth companies in Asia, principally in the Republic of Korea. The activities of the company includes investment holding, talent management agency services, developing, producing, and investing in entertainment content projects.
40GF Score

Get the complete analysis for TSXV:SQG

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

C$0.11
Price