Heritage Cannabis Holding (Heritage Cannabis Holding) Cyclically Adjusted PB Ratio : 0.02 (As of Jun. 09, 2024)

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What is Heritage Cannabis Holding Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Heritage Cannabis Holding's current share price is $0.0012. Heritage Cannabis Holding's Cyclically Adjusted Book per Share for the quarter that ended in Oct. 2023 was $0.06. Heritage Cannabis Holding's Cyclically Adjusted PB Ratio for today is 0.02.

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

HERTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.79 Max: 3.75
Current: 0.07

During the past years, Heritage Cannabis Holding's highest Cyclically Adjusted PB Ratio was 3.75. The lowest was 0.07. And the median was 0.79.

HERTF's Cyclically Adjusted PB Ratio is ranked better than
96.09% of 742 companies
in the Drug Manufacturers industry
Industry Median: 1.875 vs HERTF: 0.07

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.

Heritage Cannabis Holding's adjusted book value per share data for the three months ended in Oct. 2023 was $0.016. 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 $0.06 for the trailing ten years ended in Oct. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Heritage Cannabis Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Heritage Cannabis Holding'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.

Heritage Cannabis Holding Cyclically Adjusted PB Ratio Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cyclically Adjusted PB Ratio

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3.32

1.77

0.87

0.48

0.21

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.48	0.35	0.21	0.14	0.21

Competitive Comparison of Heritage Cannabis Holding's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Heritage Cannabis Holding'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.

Heritage Cannabis Holding's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Heritage Cannabis Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Heritage Cannabis Holding 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.

Heritage Cannabis Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.0012	/	0.06
	=	0.02

Heritage Cannabis Holding's Cyclically Adjusted Book per Share for the quarter that ended in Oct. 2023 is calculated as:

For example, Heritage Cannabis Holding's adjusted Book Value per Share data for the three months ended in Oct. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Oct. 2023 (Change)	*	Current CPI (Oct. 2023)
	=	0.016	/	125.3095	*	125.3095
	=	0.016

Current CPI (Oct. 2023) = 125.3095.

Heritage Cannabis Holding Quarterly Data

	Book Value per Share	CPI	Adj_Book
201401	0.033	97.261	0.043
201404	0.031	98.920	0.039
201407	0.031	99.315	0.039
201410	0.000	99.473	0.000
201501	0.004	98.209	0.005
201504	0.002	99.710	0.003
201507	0.001	100.579	0.001
201510	0.002	100.500	0.002
201601	0.001	100.184	0.001
201604	0.002	101.370	0.002
201607	0.005	101.844	0.006
201610	0.004	102.002	0.005
201701	0.004	102.318	0.005
201704	0.008	103.029	0.010
201707	0.010	103.029	0.012
201710	0.038	103.424	0.046
201801	0.043	104.056	0.052
201804	0.045	105.320	0.054
201807	0.042	106.110	0.050
201810	0.043	105.952	0.051
201901	0.111	105.557	0.132
201904	0.104	107.453	0.121
201907	0.122	108.243	0.141
201910	0.117	107.927	0.136
202001	0.114	108.085	0.132
202004	0.104	107.216	0.122
202007	0.108	108.401	0.125
202010	0.103	108.638	0.119
202101	0.109	109.192	0.125
202104	0.105	110.851	0.119
202107	0.098	112.431	0.109
202110	0.056	113.695	0.062
202201	0.060	114.801	0.065
202204	0.059	118.357	0.062
202207	0.055	120.964	0.057
202210	0.032	121.517	0.033
202301	0.030	121.596	0.031
202304	0.028	123.571	0.028
202307	0.028	124.914	0.028
202310	0.016	125.310	0.016

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.

Heritage Cannabis Holding (OTCPK:HERTF) 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.

Heritage Cannabis Holding Cyclically Adjusted PB Ratio Related Terms

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

Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

2UE:Germany CANN:Canada

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.