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Argonaut Gold (Argonaut Gold) Cyclically Adjusted Book per Share : $3.67 (As of Dec. 2023)


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What is Argonaut Gold Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Argonaut Gold's adjusted book value per share for the three months ended in Dec. 2023 was $0.887. 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 $3.67 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Argonaut Gold's average Cyclically Adjusted Book Growth Rate was -7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Argonaut Gold was 6.50% per year. The lowest was -0.90% per year. And the median was 3.80% per year.

As of today (2024-04-30), Argonaut Gold's current stock price is $0.3013. Argonaut Gold's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.67. Argonaut Gold's Cyclically Adjusted PB Ratio of today is 0.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Argonaut Gold was 0.74. The lowest was 0.05. And the median was 0.43.


Argonaut Gold Cyclically Adjusted Book per Share Historical Data

The historical data trend for Argonaut Gold's Cyclically Adjusted Book per Share 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.

Argonaut Gold Cyclically Adjusted Book per Share Chart

Argonaut Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 3.94 4.12 3.88 3.67

Argonaut Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 3.88 3.84 3.92 3.61 3.67

Competitive Comparison of Argonaut Gold's Cyclically Adjusted Book per Share

For the Gold subindustry, Argonaut Gold'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.


Argonaut Gold's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Argonaut Gold Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Argonaut Gold's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.887/125.4675*125.4675
=0.887

Current CPI (Dec. 2023) = 125.4675.

Argonaut Gold Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.281 98.604 6.720
201406 5.367 99.473 6.769
201409 5.264 99.394 6.645
201412 5.091 98.367 6.494
201503 4.920 99.789 6.186
201506 4.885 100.500 6.099
201509 4.702 100.421 5.875
201512 3.479 99.947 4.367
201603 3.583 101.054 4.449
201606 3.556 102.002 4.374
201609 3.549 101.765 4.376
201612 3.523 101.449 4.357
201703 3.415 102.634 4.175
201706 3.488 103.029 4.248
201709 3.545 103.345 4.304
201712 3.569 103.345 4.333
201803 3.599 105.004 4.300
201806 3.576 105.557 4.251
201809 3.586 105.636 4.259
201812 3.425 105.399 4.077
201903 3.469 106.979 4.069
201906 3.527 107.690 4.109
201909 3.531 107.611 4.117
201912 2.958 107.769 3.444
202003 2.783 107.927 3.235
202006 2.793 108.401 3.233
202009 2.506 108.164 2.907
202012 2.620 108.559 3.028
202103 2.678 110.298 3.046
202106 2.768 111.720 3.109
202109 2.789 112.905 3.099
202112 2.672 113.774 2.947
202203 2.651 117.646 2.827
202206 0.000 120.806 0.000
202209 1.269 120.648 1.320
202212 0.998 120.964 1.035
202303 0.986 122.702 1.008
202306 1.013 124.203 1.023
202309 0.995 125.230 0.997
202312 0.887 125.468 0.887

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Argonaut Gold  (OTCPK:ARNGF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Argonaut Gold's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.3013/3.67
=0.08

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Argonaut Gold was 0.74. The lowest was 0.05. And the median was 0.43.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Argonaut Gold Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Argonaut Gold's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Argonaut Gold (Argonaut Gold) Business Description

Traded in Other Exchanges
Address
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

Argonaut Gold (Argonaut Gold) Headlines