WEDXF (The Westaim) Cyclically Adjusted PB Ratio: 0.85 (As of Jul. 30, 2026) — 136% Above Median

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Director of Data and Quant Analytics at GuruFocus
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WEDXF The Westaim Corp WEDXF
44 GF Score
Price $15.80
GF Value $12.62
Valuation Modestly Overvalued
View Full Analysis

What is The Westaim Cyclically Adjusted PB Ratio?

The Westaim WEDXF +1.05% 44 Cyclically Adjusted PB Ratio is 0.85 as of Jul. 30, 2026, which is 136% above its 10-year median of 0.36. GuruFocus rates WEDXF with a GF Score™ of 44/100 and a GF Value™ of $12.62 (Modestly Overvalued). Among 999 Asset Management companies, The Westaim ranks worse than 50.55% on this metric.

As of today (2026-07-30), The Westaim's current share price is $15.80. The Westaim's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $18.67. The Westaim's Cyclically Adjusted PB Ratio for today is 0.85.

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

WEDXF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.36   Max: 1.39
Current: 0.86

During the past years, The Westaim's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.11. And the median was 0.36.

WEDXF's Cyclically Adjusted PB Ratio is ranked worse than
50.55% of 999 companies
in the Asset Management industry
Industry Median: 0.84 vs WEDXF: 0.86

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 Westaim's adjusted book value per share data for the three months ended in Mar. 2026 was $18.600. 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 $18.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Westaim  (OTCPK:WEDXF) 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 Westaim Cyclically Adjusted PB Ratio Related Terms


The Westaim Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Westaim'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 Westaim Cyclically Adjusted PB Ratio Chart

The Westaim 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 0.47 0.77 1.01 1.27 1.00

The Westaim 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 1.26 1.22 1.13 1.00 0.92

WEDXF vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, The Westaim'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 Westaim Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


WEDXF
44GF Score
The Westaim Corp WEDXF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Westaim 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 Westaim's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.80/18.67
=0.85

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

For example, The Westaim'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)
=18.6/330.2130*330.2130
=18.600

Current CPI (Mar. 2026) = 330.2130.

The Westaim Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.520 241.018 18.523
201609 13.376 241.428 18.295
201612 13.347 241.432 18.255
201703 13.438 243.801 18.201
201706 13.064 244.955 17.611
201709 13.352 246.819 17.863
201712 13.663 246.524 18.301
201803 13.934 249.554 18.438
201806 13.955 251.989 18.287
201809 14.165 252.439 18.529
201812 14.464 251.233 19.011
201903 14.898 254.202 19.353
201906 15.234 256.143 19.639
201909 15.401 256.759 19.807
201912 14.862 256.974 19.098
202003 14.012 258.115 17.926
202006 14.008 257.797 17.943
202009 14.038 260.280 17.810
202012 13.431 260.474 17.027
202103 13.812 264.877 17.219
202106 14.268 271.696 17.341
202109 14.335 274.310 17.256
202112 14.620 278.802 17.316
202203 14.768 287.504 16.962
202206 14.728 296.311 16.413
202209 14.017 296.808 15.595
202212 15.408 296.797 17.143
202303 19.418 301.836 21.244
202306 20.437 305.109 22.119
202309 21.953 307.789 23.552
202312 23.604 306.746 25.410
202403 24.705 312.332 26.119
202406 23.749 314.175 24.961
202409 23.929 315.301 25.061
202412 22.915 315.605 23.976
202503 22.573 319.799 23.308
202506 20.460 322.561 20.945
202509 20.111 324.800 20.446
202512 19.595 324.054 19.967
202603 18.600 330.213 18.600

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 0.85 mean?
The Westaim (WEDXF) has a Cyclically Adjusted PB Ratio of 0.85 as of Jul. 30, 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 Westaim and its competitors. This is 136% above median its historical median of 0.36. Over the past decade, The Westaim's Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.39. According to the industry distribution chart, The Westaim ranks #505 out of 999 companies in the Asset Management industry, placing it in the top 50.6%.
Is The Westaim's Cyclically Adjusted PB Ratio too high?
The Westaim's current Cyclically Adjusted PB Ratio of 0.85 is 136% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.39. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. The Westaim's value of 0.85 is 1.2% above this industry median. Based on the distribution chart, The Westaim ranks #505 out of 999 companies in the Asset Management industry, which is below the industry midpoint. Overall, The Westaim has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Westaim's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, The Westaim ranks #505 out of 999 companies for Cyclically Adjusted PB Ratio. This places The Westaim in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. The Westaim's value of 0.85 is 1.2% above this benchmark. Historically, The Westaim's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.39 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.84, The Westaim 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 Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 999 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 Westaim's current Cyclically Adjusted PB Ratio of 0.85 is 1.2% 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 Westaim and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Westaim's current Cyclically Adjusted PB Ratio is 0.85, which is 136% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Westaim stock overvalued right now?
Based on GuruFocus' analysis, The Westaim (WEDXF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.62, compared to a current price of $15.80 — trading 25.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.85, which is 136% above median its 10-year median of 0.36 and 1.2% above the Asset Management industry median of 0.84. The Westaim's overall GF Score™ is 44/100. 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 Westaim (WEDXF), the current Cyclically Adjusted PB Ratio is 0.85 as of Jul. 30, 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 Westaim (WEDXF) Overvalued in 2026?

Based on GuruFocus' analysis, The Westaim stock appears to be overvalued. The current stock price of $15.80 is trading 25.2% above its estimated GF Value™ of $12.62. GuruFocus considers The Westaim to be Modestly Overvalued.

Key valuation signals for WEDXF:

  • Cyclically Adjusted PB Ratio: 0.85 (136% above median its 10-year median of 0.36)
  • GF Value™: $12.62 vs. price of $15.80 (25.2% above fair value)
  • GF Score™: 44/100
  • Industry Position: 1.2% above the Asset Management median (#505 of 999)

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


The Westaim Business Description

Other Exchanges WED:Canada
Address 200 Park Avenue, 58th Floor, New York, NY, USA, 10166
The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. The Company's principal investments consist of its investment in Ceres Life and Arena.
44GF Score

Get the complete analysis for WEDXF

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

$15.80
Price
$12.62
GF Value