PBKOF (Pollard Banknote) Cyclically Adjusted PS Ratio: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

PBKOF Pollard Banknote Ltd PBKOF
72 GF Score
Price $12.68
GF Value $20.64
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Pollard Banknote Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pollard Banknote  (OTCPK:PBKOF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Pollard Banknote Cyclically Adjusted PS Ratio Related Terms


Pollard Banknote Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pollard Banknote's Cyclically Adjusted PS 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.

Pollard Banknote Cyclically Adjusted PS Ratio Chart

Pollard Banknote Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.15 1.33 2.03 1.41 1.06

Pollard Banknote Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 1.21 1.27 1.06 0.96 0.00

PBKOF vs FLUT, DKNG, SGHC: Cyclically Adjusted PS Ratio Comparison

For the Gambling subindustry, Pollard Banknote's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Pollard Banknote Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pollard Banknote's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Pollard Banknote's Cyclically Adjusted PS Ratio falls into.


PBKOF
72GF Score
Pollard Banknote Ltd PBKOF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pollard Banknote Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Pollard Banknote's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Pollard Banknote's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.076/133.5265*133.5265
=4.076

Current CPI (Jun. 2026) = 133.5265.

Pollard Banknote Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.022 101.765 2.653
201612 2.081 101.449 2.739
201703 1.812 102.634 2.357
201706 2.466 103.029 3.196
201709 2.421 103.345 3.128
201712 2.619 103.345 3.384
201803 2.470 105.004 3.141
201806 2.558 105.557 3.236
201809 2.802 105.636 3.542
201812 2.021 105.399 2.560
201903 2.821 106.979 3.521
201906 2.826 107.690 3.504
201909 3.013 107.611 3.739
201912 2.926 107.769 3.625
202003 2.815 107.927 3.483
202006 2.593 108.401 3.194
202009 3.389 108.164 4.184
202012 3.112 108.559 3.828
202103 3.364 110.298 4.072
202106 3.409 111.720 4.074
202109 3.388 112.905 4.007
202112 3.343 113.774 3.923
202203 3.303 117.646 3.749
202206 3.325 120.806 3.675
202209 3.456 120.648 3.825
202212 3.471 120.964 3.831
202303 3.350 122.702 3.646
202306 3.585 124.203 3.854
202309 3.476 125.230 3.706
202312 3.678 125.072 3.927
202403 3.385 126.258 3.580
202406 3.665 127.522 3.838
202409 4.123 127.285 4.325
202412 3.587 127.364 3.761
202503 3.756 129.181 3.882
202506 3.858 129.892 3.966
202509 4.094 130.287 4.196
202512 3.961 130.366 4.057
202603 3.814 132.262 3.850
202606 4.076 133.527 4.076

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Pollard Banknote (PBKOF) Overvalued in 2026?

Based on GuruFocus' analysis, Pollard Banknote stock appears to be undervalued. The current stock price of $12.68 is trading 38.6% below its estimated GF Value™ of $20.64. GuruFocus considers Pollard Banknote to be Significantly Undervalued.

Key valuation signals for PBKOF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $20.64 vs. price of $12.68 (38.6% below fair value)
  • GF Score™: 72/100 with 5 warning signs

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


Pollard Banknote Business Description

Other Exchanges 67L:GermanyPBL:Canada
Address 140 Otter Street, Winnipeg, MB, CAN, R3T 0M8
Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has one reportable segment, which comprises its four operating segments which includes Lotteries, Charitable gaming, eGaming systems, and Retail. The company has its geographic presence in Canada, United States and International. It generates majority of its revenue from United States.
72GF Score

Get the complete analysis for PBKOF

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

$12.68
Price
$20.64
GF Value