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Mandalay Resources (TSX:MND) Cyclically Adjusted PB Ratio : 0.49 (As of May. 27, 2024)


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What is Mandalay Resources Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Mandalay Resources's current share price is C$2.26. Mandalay Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$4.62. Mandalay Resources's Cyclically Adjusted PB Ratio for today is 0.49.

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

TSX:MND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.55   Max: 2.2
Current: 0.49

During the past years, Mandalay Resources's highest Cyclically Adjusted PB Ratio was 2.20. The lowest was 0.09. And the median was 0.55.

TSX:MND's Cyclically Adjusted PB Ratio is ranked better than
63.39% of 1617 companies
in the Metals & Mining industry
Industry Median: 0.88 vs TSX:MND: 0.49

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.

Mandalay Resources's adjusted book value per share data for the three months ended in Mar. 2024 was C$2.827. 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$4.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mandalay Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mandalay 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.

Mandalay Resources Cyclically Adjusted PB Ratio Chart

Mandalay Resources 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 0.22 0.41 0.48 0.62 0.39

Mandalay Resources 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 0.54 0.37 0.41 0.39 0.32

Competitive Comparison of Mandalay Resources's Cyclically Adjusted PB Ratio

For the Gold subindustry, Mandalay 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.


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

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

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



Mandalay 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.

Mandalay Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.26/4.62
=0.49

* 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.

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

For example, Mandalay Resources'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)
=2.827/126.2576*126.2576
=2.827

Current CPI (Mar. 2024) = 126.2576.

Mandalay Resources Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.558 99.473 7.055
201409 6.045 99.394 7.679
201412 6.207 98.367 7.967
201503 6.767 99.789 8.562
201506 6.762 100.500 8.495
201509 6.998 100.421 8.798
201512 6.940 99.947 8.767
201603 6.834 101.054 8.538
201606 6.565 102.002 8.126
201609 6.948 101.765 8.620
201612 6.003 101.449 7.471
201703 6.016 102.634 7.401
201706 5.693 103.029 6.977
201709 5.153 103.345 6.295
201712 4.684 103.345 5.723
201803 4.719 105.004 5.674
201806 3.928 105.557 4.698
201809 3.666 105.636 4.382
201812 2.860 105.399 3.426
201903 1.903 106.979 2.246
201906 1.750 107.690 2.052
201909 1.637 107.611 1.921
201912 1.616 107.769 1.893
202003 1.483 107.927 1.735
202006 1.542 108.401 1.796
202009 1.597 108.164 1.864
202012 1.906 108.559 2.217
202103 2.118 110.298 2.424
202106 2.124 111.720 2.400
202109 2.278 112.905 2.547
202112 2.465 113.774 2.735
202203 2.557 117.646 2.744
202206 2.424 120.806 2.533
202209 2.506 120.648 2.623
202212 2.706 120.964 2.824
202303 2.720 122.702 2.799
202306 2.579 124.203 2.622
202309 2.650 125.230 2.672
202312 2.844 125.072 2.871
202403 2.827 126.258 2.827

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.


Mandalay Resources  (TSX:MND) 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.


Mandalay Resources Cyclically Adjusted PB Ratio Related Terms

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


Mandalay Resources (TSX:MND) Business Description

Traded in Other Exchanges
Address
76 Richmond Street East, Suite 330, Toronto, ON, CAN, M5C 1P1
Mandalay Resources Corp is a Canadian-based natural resource corporation with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile and Canada. The company focuses on growing its production and reducing costs at its gold and antimony operation in Australia, and its gold mine in Sweden, to generate near-term sustainable positive cash flow.
Executives
Frazer William Bourchier Senior Officer

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