CHAR Technologies (TSXV:YES) Cyclically Adjusted PB Ratio: 3.64 (As of Aug. 02, 2026) — Near Median

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TSXV:YES CHAR Technologies Ltd TSXV:YES
35 GF Score
Price C$0.26
GF Value C$0.25
Valuation Fairly Valued
! 7 Warning Signs
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What is CHAR Technologies Cyclically Adjusted PB Ratio?

CHAR Technologies TSXV:YES -5.56% 35 Cyclically Adjusted PB Ratio is 3.64 as of Aug. 02, 2026, which is 2% below its 10-year median of 3.71. GuruFocus rates TSXV:YES with a GF Score™ of 35/100 and a GF Value™ of C$0.25 (Fairly Valued). The stock has 7 warning signs investors should review. Among 160 Waste Management companies, CHAR Technologies ranks worse than 81.25% on this metric.

As of today (2026-08-02), CHAR Technologies's current share price is C$0.255. CHAR Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.07. CHAR Technologies's Cyclically Adjusted PB Ratio for today is 3.64.

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

TSXV:YES' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.21   Med: 3.71   Max: 6.88
Current: 3.92

During the past years, CHAR Technologies's highest Cyclically Adjusted PB Ratio was 6.88. The lowest was 2.21. And the median was 3.71.

TSXV:YES's Cyclically Adjusted PB Ratio is ranked worse than
81.25% of 160 companies
in the Waste Management industry
Industry Median: 1.57 vs TSXV:YES: 3.92

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.

CHAR Technologies's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.051. 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$0.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CHAR Technologies  (TSXV:YES) 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.


CHAR Technologies Cyclically Adjusted PB Ratio Related Terms


CHAR Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CHAR 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.

CHAR Technologies Cyclically Adjusted PB Ratio Chart

CHAR Technologies Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 6.75 3.52 2.83

CHAR 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 2.53 3.66 2.83 4.71 3.92

TSXV:YES vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, CHAR 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.


CHAR Technologies Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, CHAR Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:YES
35GF Score
CHAR Technologies Ltd TSXV:YES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CHAR 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.

CHAR Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.255/0.07
=3.64

* 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.

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

For example, CHAR 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)
=0.051/132.2623*132.2623
=0.051

Current CPI (Mar. 2026) = 132.2623.

CHAR Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.114 102.002 0.148
201609 0.105 101.765 0.136
201612 0.101 101.449 0.132
201703 0.096 102.634 0.124
201706 0.088 103.029 0.113
201709 0.047 103.345 0.060
201712 0.076 103.345 0.097
201803 0.086 105.004 0.108
201806 0.080 105.557 0.100
201809 0.054 105.636 0.068
201812 0.051 105.399 0.064
201903 0.047 106.979 0.058
201906 0.052 107.690 0.064
201909 0.042 107.611 0.052
201912 0.039 107.769 0.048
202003 0.034 107.927 0.042
202006 0.030 108.401 0.037
202009 0.029 108.164 0.035
202012 0.035 108.559 0.043
202103 0.101 110.298 0.121
202106 0.093 111.720 0.110
202109 0.078 112.905 0.091
202112 0.060 113.774 0.070
202203 0.092 117.646 0.103
202206 0.075 120.806 0.082
202209 0.057 120.648 0.062
202212 0.047 120.964 0.051
202303 0.051 122.702 0.055
202306 0.032 124.203 0.034
202309 0.069 125.230 0.073
202312 0.050 125.072 0.053
202403 0.031 126.258 0.032
202406 0.024 127.522 0.025
202409 0.005 127.285 0.005
202412 0.016 127.364 0.017
202503 0.005 129.181 0.005
202506 0.006 129.892 0.006
202509 0.038 130.287 0.039
202512 0.037 130.366 0.038
202603 0.051 132.262 0.051

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 3.64 mean?
CHAR Technologies (TSXV:YES) has a Cyclically Adjusted PB Ratio of 3.64 as of Aug. 02, 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 CHAR Technologies and its competitors. This is near median its historical median of 3.71. Over the past decade, CHAR Technologies' Cyclically Adjusted PB Ratio has ranged from 2.21 to 6.88. According to the industry distribution chart, CHAR Technologies ranks #130 out of 160 companies in the Waste Management industry, placing it in the top 81.2%.
Is CHAR Technologies' Cyclically Adjusted PB Ratio too high?
CHAR Technologies' current Cyclically Adjusted PB Ratio of 3.64 is near median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 6.88. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.57. CHAR Technologies' value of 3.64 is 131.8% above this industry median. Based on the distribution chart, CHAR Technologies ranks #130 out of 160 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, CHAR Technologies has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CHAR Technologies' Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, CHAR Technologies ranks #130 out of 160 companies for Cyclically Adjusted PB Ratio. This places CHAR Technologies in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. CHAR Technologies' value of 3.64 is 131.8% above this benchmark. Historically, CHAR Technologies' own Cyclically Adjusted PB Ratio has ranged from 2.21 to 6.88 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 1.57, CHAR Technologies 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 a Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.57, based on 160 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. CHAR Technologies's current Cyclically Adjusted PB Ratio of 3.64 is 131.8% 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 CHAR Technologies and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CHAR Technologies's current Cyclically Adjusted PB Ratio is 3.64, which is near median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CHAR Technologies stock overvalued right now?
Based on GuruFocus' analysis, CHAR Technologies (TSXV:YES) is currently considered Fairly Valued. The stock's GF Value™ is C$0.25, compared to a current price of C$0.26 — trading 2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.64, which is near median its 10-year median of 3.71 and 131.8% above the Waste Management industry median of 1.57. CHAR Technologies' overall GF Score™ is 35/100 with 7 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 CHAR Technologies (TSXV:YES), the current Cyclically Adjusted PB Ratio is 3.64 as of Aug. 02, 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 CHAR Technologies (TSXV:YES) Overvalued in 2026?

Based on GuruFocus' analysis, CHAR Technologies stock appears to be overvalued. The current stock price of C$0.26 is trading 2% above its estimated GF Value™ of C$0.25. GuruFocus considers CHAR Technologies to be Fairly Valued.

Key valuation signals for TSXV:YES:

  • Cyclically Adjusted PB Ratio: 3.64 (near median its 10-year median of 3.71)
  • GF Value™: C$0.25 vs. price of C$0.26 (2% above fair value)
  • GF Score™: 35/100 with 7 warning signs
  • Industry Position: 131.8% above the Waste Management median (#130 of 160)

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


CHAR Technologies Business Description

Other Exchanges CTRNF:USA68K:Germany
Address 895 Don Mills Road, Suite 400, Morneau Shepell Centre II, Toronto, ON, CAN, M3C 1W3
CHAR Technologies Ltd. is a Canada-based cleantech development and environmental services company. The Company is specialized in high temperature pyrolysis (HTP), converting woody biomass and organic materials into renewable energy (renewable natural gas (RNG) or green hydrogen) and valuable biocarbon (biocoal CleanFyre, biochar, or activated biochar SulfaCHAR). Its additional services include environmental compliance, environmental management, engineering and resource efficiency. The Company's subsidiaries include Char Biocarbon Inc., Altech Environmental Consulting Ltd., Char Technologies Thorold Inc., and Char Technologies USA.
35GF Score

Get the complete analysis for TSXV:YES

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

C$0.26
Price
C$0.25
GF Value