TWOH (Quantum X) Cyclically Adjusted PB Ratio: (As of Sep. 04, 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.

What is Quantum X Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Quantum X  (OTCPK:TWOH) 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.


Quantum X Cyclically Adjusted PB Ratio Related Terms


Quantum X Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Quantum X'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.

Quantum X Cyclically Adjusted PB Ratio Chart

Quantum X 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 0.00

Quantum X Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 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 0.00 0.00 0.00 0.00 0.00

TWOH vs AIXN, IVFH, MTEX: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, Quantum X'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.


Quantum X Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Quantum X's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Quantum X 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.

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

For example, Quantum X'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)
=-0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

Quantum X Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 0.000 254.202 0.000
201906 0.000 256.143 0.000
201909 0.000 256.759 0.000
201912 0.000 256.974 0.000
202003 0.000 258.115 0.000
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 -2,784.000 260.474 -3,569.348
202103 -3,202.000 264.877 -4,037.022
202106 -1,766.500 271.696 -2,171.273
202109 -641.000 274.310 -780.370
202112 -622.667 278.802 -745.837
202203 -629.429 287.504 -731.117
202206 -27.163 296.311 -30.614
202209 -13.803 296.808 -15.530
202212 -33.854 296.797 -38.092
202303 -24.269 301.836 -26.851
202306 -7.397 305.109 -8.096
202309 -0.084 307.789 -0.091
202312 -0.066 306.746 -0.072
202403 -0.026 312.332 -0.028
202406 -0.003 314.175 -0.003
202409 -0.002 315.301 -0.002
202412 -0.001 315.605 -0.001
202503 -0.001 319.799 -0.001
202506 -0.001 322.561 -0.001
202509 -0.001 324.800 -0.001
202512 0.000 324.054 0.000
202603 0.000 330.213 0.000
202606 0.000 333.952 0.000

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.


Quantum X Business Description

Other Exchanges TWOH.X:Canada
Address 41 Piping Rock Road, Locust Valley, NY, USA, 11560
Two Hands Corp is a food distribution company serving the food service customers with digital enabled logistics capabilities. Its goal is to consolidate the fragmented micro food merchant wholesaler market in Canada through acquisitions.