GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Star Resources Ltd (AMEX:GSS) » Definitions » Cyclically Adjusted PB Ratio

Golden Star Resources (Golden Star Resources) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Golden Star Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Golden Star Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Golden Star Resources'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.

Golden Star Resources Cyclically Adjusted PB Ratio Chart

Golden Star Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Golden Star Resources Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 - - - - -

Competitive Comparison of Golden Star Resources's Cyclically Adjusted PB Ratio

For the Gold subindustry, Golden Star Resources'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.


Golden Star Resources's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Golden Star Resources 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.

Golden Star Resources's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2021 is calculated as:

For example, Golden Star Resources's adjusted Book Value per Share data for the three months ended in Sep. 2021 was:

Adj_Book=Book Value per Share/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.056/112.9049*112.9049
=0.056

Current CPI (Sep. 2021) = 112.9049.

Golden Star Resources Quarterly Data

Book Value per Share CPI Adj_Book
201112 6.235 94.970 7.412
201203 8.636 96.155 10.140
201206 8.614 96.076 10.123
201209 8.213 96.392 9.620
201212 6.574 95.760 7.751
201303 8.161 97.103 9.489
201306 4.162 97.182 4.835
201309 4.242 97.419 4.916
201312 1.382 96.945 1.610
201403 0.975 98.604 1.116
201406 0.883 99.473 1.002
201409 0.943 99.394 1.071
201412 0.023 98.367 0.026
201503 -0.222 99.789 -0.251
201506 -1.399 100.500 -1.572
201509 -1.523 100.421 -1.712
201512 -1.253 99.947 -1.415
201603 -1.205 101.054 -1.346
201606 -1.250 102.002 -1.384
201609 -0.938 101.765 -1.041
201612 -0.783 101.449 -0.871
201703 -0.239 102.634 -0.263
201706 -0.050 103.029 -0.055
201709 0.147 103.345 0.161
201712 0.319 103.345 0.349
201803 0.093 105.004 0.100
201806 0.011 105.557 0.012
201809 -0.025 105.636 -0.027
201812 1.048 105.399 1.123
201903 1.039 106.979 1.097
201906 0.964 107.690 1.011
201909 1.029 107.611 1.080
201912 0.461 107.769 0.483
202003 0.478 107.927 0.500
202006 0.553 108.401 0.576
202009 -0.015 108.164 -0.016
202012 0.053 108.559 0.055
202103 0.211 110.298 0.216
202106 0.156 111.720 0.158
202109 0.056 112.905 0.056

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.


Golden Star Resources  (AMEX:GSS) 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.


Golden Star Resources Cyclically Adjusted PB Ratio Related Terms

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


Golden Star Resources (Golden Star Resources) Business Description

Traded in Other Exchanges
N/A
Address
150 King Street West, Suite 1200, Sun Life Financial, Toronto, ON, CAN, M5H 1J9
Golden Star Resources Ltd is a Canadian-based gold mining and exploration company. The company holds interests in various gold exploration projects in Ghana and parts of West Africa, and it also holds and manages properties in Brazil. The majority of the group's gold production is sold to a gold refinery in South Africa. The long-term objective of the company is to continue developing low-cost projects.
Executives
Kathrine Macdonald 10 percent owner 885 PYRFORD ROAD, WEST VANCOUVER A1 V7S 2A2
Samuel T. Coetzer director, officer: President and CEO 10901 W. TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
S Mitchel Wasel officer: Vice President, Exploration 10901 WEST TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
Jeffrey A. Swinoga officer: EVP & CFO 10901 W TOLLER DRIVE LITTLETON CO 80127
Ian Macgregor director GOLDEN STAR RESOURCES LTD. 10901 WEST TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
Thompson Christopher M.t. director 10901 W. TOLLER DRIVE, SUITE 300, LITTLETON CO 80127
Timothy C. Baker director 10901 W TOLLER DRIVE, LITTLETON CO 80127
Craig J. Nelsen director 10901 W. TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
Robert E. Doyle director 10901 W. TOLLER DRIVE SUITE 300 LITTLETON CO 80127
Tony A Jensen director 620 E HEARTSTRONG STREET, SUPERIOR CO 80027
James E Askew director 10901 WEST TOLLER DRIVE SUITE 300 LITTLETON CO 80127-6312
Bruce Higson-smith officer: SVP Corporate Strategy GOLDEN STAR RESOURCES LTD. 10901 WEST TOLLER DRIVE, SUITE 300 LITTLETON CO 80127-6312
Daniel Owiredu officer: EVP Operations 10901 W. TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
William Lee Yeates director 10901 W TOLLER DR STE 300 LITTLETON CO 80127-631
Roger Palmer officer: Vice President and CFO 10901 WEST TOLLER DRIVE SUITE 300 LITTLETON CO 80127-6312