Black Swan Graphene (TSXV:SWAN) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:SWAN Black Swan Graphene Inc TSXV:SWAN
33 GF Score
Price C$0.85
! 2 Warning Signs
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What is Black Swan Graphene Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Black Swan Graphene  (TSXV:SWAN) 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.


Black Swan Graphene Cyclically Adjusted PB Ratio Related Terms


Black Swan Graphene Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Black Swan Graphene'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.

Black Swan Graphene Cyclically Adjusted PB Ratio Chart

Black Swan Graphene Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Black Swan Graphene Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 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 21.25 32.75 9.60 11.68 11.37

TSXV:SWAN vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Black Swan Graphene'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.


Black Swan Graphene Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Black Swan Graphene's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:SWAN
33GF Score
Black Swan Graphene Inc TSXV:SWAN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Swan Graphene 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.

Black Swan Graphene's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Black Swan Graphene'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)
=0.236/133.5265*133.5265
=0.236

Current CPI (Jun. 2026) = 133.5265.

Black Swan Graphene Quarterly Data

Book Value per Share CPI Adj_Book
201601 -0.261 100.184 -0.348
201604 -0.307 101.370 -0.404
201607 -0.324 101.844 -0.425
201610 -0.341 102.002 -0.446
201701 -0.358 102.318 -0.467
201704 -0.380 103.029 -0.492
201707 -0.403 103.029 -0.522
201710 -0.285 103.424 -0.368
201801 -0.314 104.056 -0.403
201804 0.255 105.320 0.323
201807 0.242 106.110 0.305
201810 0.195 105.952 0.246
201901 0.159 105.557 0.201
201904 0.135 107.453 0.168
201907 0.120 108.243 0.148
201910 0.090 107.927 0.111
202001 0.074 108.085 0.091
202004 0.041 107.216 0.051
202007 0.019 108.401 0.023
202010 0.003 108.638 0.004
202101 -0.023 109.192 -0.028
202104 -0.070 110.851 -0.084
202107 -0.088 112.431 -0.105
202110 -0.107 113.695 -0.126
202201 -0.152 114.801 -0.177
202212 0.471 120.964 0.520
202303 0.447 122.702 0.486
202306 0.477 124.203 0.513
202309 0.425 125.230 0.453
202312 0.367 125.072 0.392
202403 0.350 126.258 0.370
202406 0.323 127.522 0.338
202409 0.305 127.285 0.320
202412 0.277 127.364 0.290
202503 0.300 129.181 0.310
202506 0.278 129.892 0.286
202509 0.265 130.287 0.272
202512 0.251 130.366 0.257
202603 0.234 132.262 0.236
202606 0.236 133.527 0.236

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.


Black Swan Graphene Business Description

Other Exchanges BSWGF:USAR960:Germany
Address 120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, M5H 1T1
Black Swan Graphene Inc is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymer, Li-ion batteries, and others, which are expected to require large volumes of graphene and, in turn, require large volumes of graphite.
33GF 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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