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Franco-Nevada (BSP:F2NV34) Cyclically Adjusted PB Ratio : 4.31 (As of May. 24, 2024)


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What is Franco-Nevada Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Franco-Nevada's current share price is R$3.49. Franco-Nevada's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$0.81. Franco-Nevada's Cyclically Adjusted PB Ratio for today is 4.31.

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

BSP:F2NV34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.15   Med: 4.82   Max: 7.49
Current: 4.17

During the past years, Franco-Nevada's highest Cyclically Adjusted PB Ratio was 7.49. The lowest was 3.15. And the median was 4.82.

BSP:F2NV34's Cyclically Adjusted PB Ratio is ranked worse than
87.89% of 1618 companies
in the Metals & Mining industry
Industry Median: 0.89 vs BSP:F2NV34: 4.17

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.

Franco-Nevada's adjusted book value per share data for the three months ended in Mar. 2024 was R$0.837. 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 R$0.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Franco-Nevada Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Franco-Nevada'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.

Franco-Nevada Cyclically Adjusted PB Ratio Chart

Franco-Nevada Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.80 5.38 5.37 5.09 3.74

Franco-Nevada Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.29 4.94 4.65 3.74 4.04

Competitive Comparison of Franco-Nevada's Cyclically Adjusted PB Ratio

For the Gold subindustry, Franco-Nevada'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.


Franco-Nevada's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Franco-Nevada 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.

Franco-Nevada's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.49/0.81
=4.31

* 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.

Franco-Nevada's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Franco-Nevada's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.837/126.2576*126.2576
=0.837

Current CPI (Mar. 2024) = 126.2576.

Franco-Nevada Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.256 99.473 0.325
201409 0.288 99.394 0.366
201412 0.319 98.367 0.409
201503 0.369 99.789 0.467
201506 0.366 100.500 0.460
201509 0.448 100.421 0.563
201512 0.385 99.947 0.486
201603 0.478 101.054 0.597
201606 0.444 102.002 0.550
201609 0.425 101.765 0.527
201612 0.433 101.449 0.539
201703 0.406 102.634 0.499
201706 0.451 103.029 0.553
201709 0.437 103.345 0.534
201712 0.463 103.345 0.566
201803 0.459 105.004 0.552
201806 0.529 105.557 0.633
201809 0.581 105.636 0.694
201812 0.535 105.399 0.641
201903 0.539 106.979 0.636
201906 0.549 107.690 0.644
201909 0.595 107.611 0.698
201912 0.610 107.769 0.715
202003 0.697 107.927 0.815
202006 0.767 108.401 0.893
202009 0.822 108.164 0.960
202012 0.815 108.559 0.948
202103 0.918 110.298 1.051
202106 0.848 111.720 0.958
202109 0.894 112.905 1.000
202112 0.989 113.774 1.098
202203 0.896 117.646 0.962
202206 0.912 120.806 0.953
202209 0.950 120.648 0.994
202212 0.975 120.964 1.018
202303 0.984 122.702 1.013
202306 0.938 124.203 0.954
202309 0.967 125.230 0.975
202312 0.817 125.072 0.825
202403 0.837 126.258 0.837

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.


Franco-Nevada  (BSP:F2NV34) 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.


Franco-Nevada Cyclically Adjusted PB Ratio Related Terms

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


Franco-Nevada (BSP:F2NV34) Business Description

Traded in Other Exchanges
Address
199 Bay Street, Suite 2000, P.O. Box 285, Commerce Court Postal Station, Toronto, ON, CAN, M5L 1G9
Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the United States, Canada, and Australia.

Franco-Nevada (BSP:F2NV34) Headlines

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