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EQB (TSX:EQB) Cyclically Adjusted PB Ratio : 1.90 (As of Jun. 27, 2025)


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What is EQB Cyclically Adjusted PB Ratio?

As of today (2025-06-27), EQB's current share price is C$98.74. EQB's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was C$52.03. EQB's Cyclically Adjusted PB Ratio for today is 1.90.

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

TSX:EQB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.86   Max: 2.69
Current: 1.9

During the past years, EQB's highest Cyclically Adjusted PB Ratio was 2.69. The lowest was 1.01. And the median was 1.86.

TSX:EQB's Cyclically Adjusted PB Ratio is ranked worse than
83.57% of 1284 companies
in the Banks industry
Industry Median: 1.03 vs TSX:EQB: 1.90

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.

EQB's adjusted book value per share data for the three months ended in Apr. 2025 was C$84.835. 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 C$52.03 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


EQB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EQB'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.

EQB Cyclically Adjusted PB Ratio Chart

EQB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Oct24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.27 1.85 2.13 1.47 2.20

EQB Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 1.83 2.04 2.20 2.17 1.83

Competitive Comparison of EQB's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, EQB'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.


EQB's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, EQB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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EQB 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.

EQB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=98.74/52.03
=1.90

* 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.

EQB's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=84.835/129.1809*129.1809
=84.835

Current CPI (Apr. 2025) = 129.1809.

EQB Quarterly Data

Book Value per Share CPI Adj_Book
201503 21.067 99.789 27.272
201506 21.900 100.500 28.150
201509 22.360 100.421 28.764
201512 23.283 99.947 30.093
201603 23.903 101.054 30.556
201606 24.777 102.002 31.379
201609 25.849 101.765 32.813
201612 27.553 101.449 35.085
201703 28.738 102.634 36.171
201706 29.989 103.029 37.601
201709 31.123 103.345 38.904
201712 32.280 103.345 40.350
201803 33.593 105.004 41.328
201806 34.515 105.557 42.240
201809 35.864 105.636 43.858
201812 36.471 105.399 44.700
201903 37.284 106.979 45.022
201906 38.596 107.690 46.298
201909 39.983 107.611 47.997
201912 41.529 107.769 49.780
202003 41.022 107.927 49.100
202006 42.446 108.401 50.582
202009 44.624 108.164 53.295
202012 46.676 108.559 55.542
202103 48.926 110.298 57.302
202106 50.959 111.720 58.924
202109 52.898 112.905 60.524
202112 55.238 113.774 62.718
202203 57.639 117.646 63.291
202206 59.253 120.806 63.361
202209 58.621 120.648 62.767
202212 62.654 120.964 66.910
202303 64.470 122.702 67.874
202306 67.279 124.203 69.975
202401 71.338 125.072 73.681
202404 73.733 126.890 75.064
202407 79.518 128.075 80.205
202410 81.347 127.838 82.202
202501 83.542 127.443 84.681
202504 84.835 129.181 84.835

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.


EQB  (TSX:EQB) 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.


EQB Cyclically Adjusted PB Ratio Related Terms

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


EQB Business Description

Industry
Traded in Other Exchanges
Address
30 St. Clair Avenue West, Suite 700, Toronto, ON, CAN, M4V 3A1
EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.
Executives
Smith Financial Corporation 10% Security Holder
Stephen Smith 10% Security Holder
Andrew Moor Senior Officer
Katherine Ruta Senior Officer
Chadwick Westlake Senior Officer
Timothy Paul Charron Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Daniel Broten Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Paul Mignardi Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Darren Lorimer Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Isabelle Farella Senior Officer
Mahima Poddar Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Stramaglia Director
David Wilkes Senior Officer
Yongah Kim Director
Oakwest Corporation Limited 10% Security Holder

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