Cameco (BSP:C1CJ34) Cyclically Adjusted Book per Share: R$11.13 (As of Jun. 2026)

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BSP:C1CJ34 Cameco Corp BSP:C1CJ34
57 GF Score
Price R$103.40
GF Value R$68.76
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Cameco Cyclically Adjusted Book per Share?

Cameco BSP:C1CJ34 +1.08% 57 Cyclically Adjusted Book per Share is R$11.13 as of Jun. 2026. GuruFocus rates BSP:C1CJ34 with a GF Score™ of 57/100 and a GF Value™ of R$68.76 (Significantly Overvalued). The stock has 4 warning signs investors should review.

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.

Cameco's adjusted book value per share for the three months ended in Jun. 2026 was R$59.805. 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$11.13 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Cameco's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 Cameco was 10.10% per year. The lowest was 0.60% per year. And the median was 5.60% per year.

As of today (2026-09-07), Cameco's current stock price is R$103.40. Cameco's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$11.13. Cameco's Cyclically Adjusted PB Ratio of today is 9.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cameco was 11.19. The lowest was 0.65. And the median was 1.78.


Cameco  (BSP:C1CJ34) 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.

Cameco's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=103.40/11.13
=9.29

* 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 Cameco was 11.19. The lowest was 0.65. And the median was 1.78.


Be Aware

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


Cameco Cyclically Adjusted Book per Share Related Terms


Cameco Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Cameco'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.

Cameco Cyclically Adjusted Book per Share Chart

Cameco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Cameco Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 11.13

BSP:C1CJ34 vs UEC, LEU, UROY: Cyclically Adjusted Book per Share Comparison

For the Uranium subindustry, Cameco'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.


Cameco Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Cameco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:C1CJ34
57GF Score
Cameco Corp BSP:C1CJ34
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cameco 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, Cameco's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=59.805/133.5265*133.5265
=59.805

Current CPI (Jun. 2026) = 133.5265.

Cameco Quarterly Data

Book Value per Share CPI Adj_Book
201609 34.160 101.765 44.822
201612 33.406 101.449 43.969
201703 30.831 102.634 40.111
201706 32.233 103.029 41.774
201709 31.893 103.345 41.207
201712 31.681 103.345 40.933
201803 31.515 105.004 40.075
201806 35.114 105.557 44.418
201809 38.500 105.636 48.665
201812 36.464 105.399 46.195
201903 36.000 106.979 44.934
201906 36.173 107.690 44.851
201909 38.549 107.611 47.832
201912 39.332 107.769 48.732
202003 43.415 107.927 53.713
202006 47.565 108.401 58.590
202009 50.260 108.164 62.045
202012 50.257 108.559 61.815
202103 56.150 110.298 67.975
202106 51.091 111.720 61.064
202109 50.876 112.905 60.168
202112 53.782 113.774 63.119
202203 48.216 117.646 54.725
202206 48.883 120.806 54.030
202209 48.239 120.648 53.388
202212 52.100 120.964 57.511
202303 52.361 122.702 56.980
202306 50.369 124.203 54.150
202309 51.408 125.230 54.814
202312 51.264 125.072 54.729
202403 51.784 126.258 54.765
202406 55.941 127.522 58.575
202409 58.335 127.285 61.196
202412 62.608 127.364 65.637
202503 59.814 129.181 61.826
202506 62.826 129.892 64.584
202509 60.371 130.287 61.872
202512 62.696 130.366 64.216
202603 61.827 132.262 62.418
202606 59.805 133.527 59.805

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

What does a Cyclically Adjusted Book per Share of R$11.13 mean?
Cameco (BSP:C1CJ34) has a Cyclically Adjusted Book per Share of R$11.13 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Cameco and its competitors.
Is Cameco's Cyclically Adjusted Book per Share too high?
Cameco's current Cyclically Adjusted Book per Share is R$11.13. Overall, Cameco has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cameco's Cyclically Adjusted Book per Share compare to UEC and LEU?
Cameco's Cyclically Adjusted Book per Share of R$11.13 can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Other Energy Sources company?
A good Cyclically Adjusted Book per Share depends on the Other Energy Sources industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Cameco and its competitors. Cameco's current Cyclically Adjusted Book per Share is R$11.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cameco stock overvalued right now?
Based on GuruFocus' analysis, Cameco (BSP:C1CJ34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$68.76, compared to a current price of R$103.40 — trading 50.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is R$11.13. Cameco's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Cameco (BSP:C1CJ34), the current Cyclically Adjusted Book per Share is R$11.13 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cameco (BSP:C1CJ34) Overvalued in 2026?

Based on GuruFocus' analysis, Cameco stock appears to be overvalued. The current stock price of R$103.40 is trading 50.4% above its estimated GF Value™ of R$68.76. GuruFocus considers Cameco to be Significantly Overvalued.

Key valuation signals for BSP:C1CJ34:

  • Cyclically Adjusted Book per Share: R$11.13
  • GF Value™: R$68.76 vs. price of R$103.40 (50.4% above fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the BSP:C1CJ34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cameco Business Description

Address 11th Street West, Suite 2121, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
57GF Score

Get the complete analysis for BSP:C1CJ34

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$103.40
Price
R$68.76
GF Value