GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Westaim Corp (OTCPK:WEDXF) » Definitions » Cyclically Adjusted PB Ratio

WEDXF (The Westaim) Cyclically Adjusted PB Ratio : 1.35 (As of May. 31, 2025)


View and export this data going back to 1996. Start your Free Trial

What is The Westaim Cyclically Adjusted PB Ratio?

As of today (2025-05-31), The Westaim's current share price is $23.50. The Westaim's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $17.37. The Westaim's Cyclically Adjusted PB Ratio for today is 1.35.

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: 0.08   Med: 0.21   Max: 1.39
Current: 1.29

During the past years, The Westaim's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.08. And the median was 0.21.

WEDXF's Cyclically Adjusted PB Ratio is ranked worse than
77.45% of 940 companies
in the Asset Management industry
Industry Median: 0.795 vs WEDXF: 1.29

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. 2025 was $22.573. 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 $17.37 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Westaim Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

The Westaim Cyclically Adjusted PB Ratio Chart

The Westaim Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.47 0.77 1.01 1.27

The Westaim Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.96 1.02 0.99 1.27 1.26

Competitive Comparison of The Westaim's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.


;
;

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
=23.50/17.37
=1.35

* 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. 2025 is calculated as:

For example, The Westaim's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=22.573/134.9266*134.9266
=22.573

Current CPI (Mar. 2025) = 134.9266.

The Westaim Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.667 100.684 18.315
201509 13.905 100.392 18.688
201512 13.664 99.792 18.475
201603 13.722 100.470 18.428
201606 13.520 101.688 17.939
201609 13.376 101.861 17.718
201612 13.347 101.863 17.679
201703 13.438 102.862 17.627
201706 13.064 103.349 17.056
201709 13.352 104.136 17.300
201712 13.663 104.011 17.724
201803 13.934 105.290 17.856
201806 13.955 106.317 17.710
201809 14.165 106.507 17.945
201812 14.464 105.998 18.411
201903 14.898 107.251 18.742
201906 15.234 108.070 19.020
201909 15.401 108.329 19.182
201912 14.862 108.420 18.495
202003 14.012 108.902 17.361
202006 14.008 108.767 17.377
202009 14.038 109.815 17.248
202012 13.431 109.897 16.490
202103 13.812 111.754 16.676
202106 14.268 114.631 16.794
202109 14.335 115.734 16.712
202112 14.620 117.630 16.770
202203 14.768 121.301 16.427
202206 14.728 125.017 15.895
202209 14.017 125.227 15.103
202212 15.408 125.222 16.602
202303 19.418 127.348 20.574
202306 20.437 128.729 21.421
202309 21.953 129.860 22.810
202312 23.604 129.419 24.608
202403 24.705 131.776 25.296
202406 23.749 132.554 24.174
202409 23.929 133.029 24.270
202412 22.915 133.157 23.220
202503 22.573 134.927 22.573

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.


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

Thank you for viewing the detailed overview of The Westaim's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


The Westaim Business Description

Traded in Other Exchanges
Address
405 Lexington Avenue, 59th Floor, Suite 1700, New York, NY, USA, 10174
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 Skyward Specialty, Arena FINCOs and Arena.
Executives
Cameron Macdonald 10 percent owner 70 YORK STREET, SUITE 1700, TORONTO A6 M5J 1S9
Goodwood Inc. 10 percent owner 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H1K5
Peter Puccetti 10 percent owner 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Fund Goodwood other: Other 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Goodwood Fund 2.0 Ltd other: Other 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Goodwood Fund Arrow other: Other 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Capital Fund Goodwood other: Other 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
1354037 Ontario Inc. 10 percent owner 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
K2 Principal Fund, L.p. 10 percent owner 2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Shawn Kimel 10 percent owner 2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Shawn Kimel Investments, Inc. 10 percent owner 2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 & Associates Investment Management Inc. 10 percent owner 2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 Genpar, Inc. 10 percent owner 444 ADELAIDE STREET W SUITE 200, TORONTO A6 M5V 1S7