The Western Investment Co of Canada (TSXV:WI) Cyclically Adjusted PB Ratio: 2.15 (As of Aug. 04, 2026) — 18% Above Median

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TSXV:WI The Western Investment Co of Canada Ltd TSXV:WI
61 GF Score
Price C$1.03
GF Value C$12.71
Valuation Possible Value Trap
! 4 Warning Signs
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What is The Western Investment Co of Canada Cyclically Adjusted PB Ratio?

The Western Investment Co of Canada TSXV:WI -0.96% 61 Cyclically Adjusted PB Ratio is 2.15 as of Aug. 04, 2026, which is 18% above its 10-year median of 1.82. GuruFocus rates TSXV:WI with a GF Score™ of 61/100 and a GF Value™ of C$12.71 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 414 Insurance companies, The Western Investment Co of Canada ranks worse than 69.08% on this metric.

As of today (2026-08-04), The Western Investment Co of Canada's current share price is C$1.03. The Western Investment Co of Canada's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.48. The Western Investment Co of Canada's Cyclically Adjusted PB Ratio for today is 2.15.

The historical rank and industry rank for The Western Investment Co of Canada's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSXV:WI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.26   Med: 1.82   Max: 2.23
Current: 2.16

During the past years, The Western Investment Co of Canada's highest Cyclically Adjusted PB Ratio was 2.23. The lowest was 1.26. And the median was 1.82.

TSXV:WI's Cyclically Adjusted PB Ratio is ranked worse than
69.08% of 414 companies
in the Insurance industry
Industry Median: 1.415 vs TSXV:WI: 2.16

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.

The Western Investment Co of Canada's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.477. 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$0.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Western Investment Co of Canada  (TSXV:WI) 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.


The Western Investment Co of Canada Cyclically Adjusted PB Ratio Related Terms


The Western Investment Co of Canada Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Western Investment Co of Canada'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.

The Western Investment Co of Canada Cyclically Adjusted PB Ratio Chart

The Western Investment Co of Canada 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 0.00 0.00 0.00 0.00 1.47

The Western Investment Co of Canada 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 1.32 1.47 1.86

TSXV:WI vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, The Western Investment Co of Canada'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.


The Western Investment Co of Canada Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, The Western Investment Co of Canada's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Western Investment Co of Canada's Cyclically Adjusted PB Ratio falls into.


TSXV:WI
61GF Score
The Western Investment Co of Canada Ltd TSXV:WI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Western Investment Co of Canada 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.

The Western Investment Co of Canada's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.03/0.48
=2.15

* 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.

The Western Investment Co of Canada's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, The Western Investment Co of Canada'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)
=0.477/132.2623*132.2623
=0.477

Current CPI (Mar. 2026) = 132.2623.

The Western Investment Co of Canada Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.348 102.002 0.451
201609 0.342 101.765 0.444
201612 0.293 101.449 0.382
201703 0.438 102.634 0.564
201706 0.444 103.029 0.570
201709 0.442 103.345 0.566
201712 0.430 103.345 0.550
201803 0.428 105.004 0.539
201806 0.432 105.557 0.541
201809 0.461 105.636 0.577
201812 0.466 105.399 0.585
201903 0.462 106.979 0.571
201906 0.497 107.690 0.610
201909 0.508 107.611 0.624
201912 0.505 107.769 0.620
202003 0.403 107.927 0.494
202006 0.416 108.401 0.508
202009 0.426 108.164 0.521
202012 0.397 108.559 0.484
202103 0.410 110.298 0.492
202106 0.432 111.720 0.511
202109 0.443 112.905 0.519
202112 0.371 113.774 0.431
202203 0.377 117.646 0.424
202206 0.378 120.806 0.414
202209 0.390 120.648 0.428
202212 0.361 120.964 0.395
202303 0.367 122.702 0.396
202306 0.380 124.203 0.405
202309 0.390 125.230 0.412
202312 0.374 125.072 0.395
202403 0.360 126.258 0.377
202406 0.363 127.522 0.376
202409 0.378 127.285 0.393
202412 0.402 127.364 0.417
202503 0.400 129.181 0.410
202506 0.404 129.892 0.411
202509 0.408 130.287 0.414
202512 0.402 130.366 0.408
202603 0.477 132.262 0.477

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 2.15 mean?
The Western Investment Co of Canada (TSXV:WI) has a Cyclically Adjusted PB Ratio of 2.15 as of Aug. 04, 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 The Western Investment Co of Canada and its competitors. This is 18% above median its historical median of 1.82. Over the past decade, The Western Investment Co of Canada's Cyclically Adjusted PB Ratio has ranged from 1.26 to 2.23. According to the industry distribution chart, The Western Investment Co of Canada ranks #286 out of 414 companies in the Insurance industry, placing it in the top 69.1%.
Is The Western Investment Co of Canada's Cyclically Adjusted PB Ratio too high?
The Western Investment Co of Canada's current Cyclically Adjusted PB Ratio of 2.15 is 18% above median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 2.23. The Insurance industry median Cyclically Adjusted PB Ratio is 1.42. The Western Investment Co of Canada's value of 2.15 is 51.9% above this industry median. Based on the distribution chart, The Western Investment Co of Canada ranks #286 out of 414 companies in the Insurance industry, which is below the industry midpoint. Overall, The Western Investment Co of Canada has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Western Investment Co of Canada's Cyclically Adjusted PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, The Western Investment Co of Canada ranks #286 out of 414 companies for Cyclically Adjusted PB Ratio. This places The Western Investment Co of Canada in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. The Western Investment Co of Canada's value of 2.15 is 51.9% above this benchmark. Historically, The Western Investment Co of Canada's own Cyclically Adjusted PB Ratio has ranged from 1.26 to 2.23 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 1.42, The Western Investment Co of Canada 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 an Insurance company?
The median Cyclically Adjusted PB Ratio among Insurance companies is 1.42, based on 414 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. The Western Investment Co of Canada's current Cyclically Adjusted PB Ratio of 2.15 is 51.9% 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 The Western Investment Co of Canada and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Western Investment Co of Canada's current Cyclically Adjusted PB Ratio is 2.15, which is 18% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Western Investment Co of Canada stock overvalued right now?
Based on GuruFocus' analysis, The Western Investment Co of Canada (TSXV:WI) is currently considered Possible Value Trap. The stock's GF Value™ is C$12.71, compared to a current price of C$1.03 — trading 91.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.15, which is 18% above median its 10-year median of 1.82 and 51.9% above the Insurance industry median of 1.42. The Western Investment Co of Canada's overall GF Score™ is 61/100 with 4 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 The Western Investment Co of Canada (TSXV:WI), the current Cyclically Adjusted PB Ratio is 2.15 as of Aug. 04, 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 The Western Investment Co of Canada (TSXV:WI) Overvalued in 2026?

Based on GuruFocus' analysis, The Western Investment Co of Canada stock appears to be undervalued. The current stock price of C$1.03 is trading 91.9% below its estimated GF Value™ of C$12.71. GuruFocus considers The Western Investment Co of Canada to be Possible Value Trap.

Key valuation signals for TSXV:WI:

  • Cyclically Adjusted PB Ratio: 2.15 (18% above median its 10-year median of 1.82)
  • GF Value™: C$12.71 vs. price of C$1.03 (91.9% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 51.9% above the Insurance median (#286 of 414)

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


The Western Investment Co of Canada Business Description

Address 95 Street Clair Avenue West, Suite 1700, Toronto, ON, CAN, M3V 1N6
The Western Investment Co of Canada Ltd is a Canada-based insurance and investments holding company focused on decentralized ownership of insurance businesses and centralized investment management. Through its wholly owned subsidiary, the company is involved in property and other insurance business offering niche products, including accident & sickness, automobile, boiler & machinery, fidelity, legal expense, liability, marine, and surety. In addition, the company also has a non-controlling interest investment in a number of companies.
61GF Score

Get the complete analysis for TSXV:WI

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

C$1.03
Price
C$12.71
GF Value