VAR Resources (TSXV:VAR) Cyclically Adjusted PB Ratio : (As of May. 23, 2024)

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What is VAR Resources Cyclically Adjusted PB Ratio?

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VAR Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for VAR 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.

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VAR Resources Cyclically Adjusted PB Ratio Chart

VAR Resources Annual Data

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Cyclically Adjusted PB Ratio

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VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of VAR Resources's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, VAR 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.

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

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

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

VAR 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.

VAR Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2022 is calculated as:

For example, VAR Resources's adjusted Book Value per Share data for the three months ended in Jul. 2022 was:

Adj_Book	=	Book Value per Share	/	CPI of Jul. 2022 (Change)	*	Current CPI (Jul. 2022)
	=	0.031	/	120.9639	*	120.9639
	=	0.031

Current CPI (Jul. 2022) = 120.9639.

VAR Resources Quarterly Data

	Book Value per Share	CPI	Adj_Book
201210	1.308	96.550	1.639
201301	1.216	95.839	1.535
201304	1.110	96.945	1.385
201307	1.042	97.261	1.296
201310	1.008	97.182	1.255
201401	0.586	97.261	0.729
201404	0.548	98.920	0.670
201407	0.510	99.315	0.621
201410	0.542	99.473	0.659
201501	0.512	98.209	0.631
201504	0.475	99.710	0.576
201507	0.419	100.579	0.504
201510	-0.059	100.500	-0.071
201601	0.067	100.184	0.081
201604	0.056	101.370	0.067
201607	0.128	101.844	0.152
201610	0.089	102.002	0.106
201701	0.049	102.318	0.058
201704	0.015	103.029	0.018
201707	0.043	103.029	0.050
201710	0.016	103.424	0.019
201801	0.017	104.056	0.020
201804	0.003	105.320	0.003
201807	-0.012	106.110	-0.014
201810	-0.024	105.952	-0.027
201901	-0.036	105.557	-0.041
201904	-0.047	107.453	-0.053
201907	-0.057	108.243	-0.064
201910	-0.070	107.927	-0.078
202001	-0.080	108.085	-0.090
202004	-0.084	107.216	-0.095
202007	-0.087	108.401	-0.097
202010	-0.092	108.638	-0.102
202101	0.044	109.192	0.049
202104	0.042	110.851	0.046
202107	0.040	112.431	0.043
202110	0.037	113.695	0.039
202201	0.034	114.801	0.036
202204	0.027	118.357	0.028
202207	0.031	120.964	0.031

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.

VAR Resources (TSXV:VAR) 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.

VAR Resources Cyclically Adjusted PB Ratio Related Terms

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