ZDCAF (Zedcor) Cyclically Adjusted PB Ratio: (As of Aug. 14, 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.
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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.

ZDCAF Zedcor Inc ZDCAF
88 GF Score
Price $3.74
GF Value $4.60
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Zedcor Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zedcor  (OTCPK:ZDCAF) 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.


Zedcor Cyclically Adjusted PB Ratio Related Terms


Zedcor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zedcor'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.

Zedcor Cyclically Adjusted PB Ratio Chart

Zedcor 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 0.35 0.56 0.63 5.19 13.90

Zedcor 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 7.47 10.58 13.90 11.34 0.00

ZDCAF vs ALLE, MSA, ADT: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, Zedcor'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.


Zedcor Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Zedcor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ZDCAF
88GF Score
Zedcor Inc ZDCAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Zedcor 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.

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

For example, Zedcor'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)
=0.616/133.5265*133.5265
=0.616

Current CPI (Jun. 2026) = 133.5265.

Zedcor Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.894 101.765 1.173
201612 0.714 101.449 0.940
201703 0.686 102.634 0.892
201706 0.538 103.029 0.697
201709 0.565 103.345 0.730
201712 0.502 103.345 0.649
201803 0.487 105.004 0.619
201806 0.434 105.557 0.549
201809 0.414 105.636 0.523
201812 0.187 105.399 0.237
201903 0.176 106.979 0.220
201906 0.151 107.690 0.187
201909 0.129 107.611 0.160
201912 0.075 107.769 0.093
202003 0.067 107.927 0.083
202006 0.054 108.401 0.067
202009 0.042 108.164 0.052
202012 0.016 108.559 0.020
202103 0.020 110.298 0.024
202106 -0.029 111.720 -0.035
202109 -0.023 112.905 -0.027
202112 -0.033 113.774 -0.039
202203 -0.004 117.646 -0.005
202206 0.048 120.806 0.053
202209 0.057 120.648 0.063
202212 0.088 120.964 0.097
202303 0.096 122.702 0.104
202306 0.125 124.203 0.134
202309 0.128 125.230 0.136
202312 0.122 125.072 0.130
202403 0.120 126.258 0.127
202406 0.225 127.522 0.236
202409 0.230 127.285 0.241
202412 0.234 127.364 0.245
202503 0.381 129.181 0.394
202506 0.395 129.892 0.406
202509 0.405 130.287 0.415
202512 0.422 130.366 0.432
202603 0.609 132.262 0.615
202606 0.616 133.527 0.616

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.

Is Zedcor (ZDCAF) Overvalued in 2026?

Based on GuruFocus' analysis, Zedcor stock appears to be undervalued. The current stock price of $3.74 is trading 18.8% below its estimated GF Value™ of $4.60. GuruFocus considers Zedcor to be Modestly Undervalued.

Key valuation signals for ZDCAF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $4.60 vs. price of $3.74 (18.8% below fair value)
  • GF Score™: 88/100 with 7 warning signs

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


Zedcor Business Description

Other Exchanges RU7:GermanyZDC:Canada
Address 151 Canada Olympic Road SW, Suite 300, Calgary, AB, CAN, T3B 6B7
Zedcor Inc is engaged in providing security & surveillance services, and rental of surface equipment & accommodations in Western Canada. The firm offers three main services to customers across all market segments such as surveillance and live monitoring through its proprietary MobileyeZ security towers; surveillance and live monitoring of fixed site locations; and security personnel. The company's segment are Canada and the United States. It derives maximum revenue from Canada.
88GF Score

Get the complete analysis for ZDCAF

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

$3.74
Price
$4.60
GF Value