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B (Barrick Mining) Cyclically Adjusted Book per Share : $11.33 (As of Mar. 2025)


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What is Barrick Mining 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.

Barrick Mining's adjusted book value per share for the three months ended in Mar. 2025 was $14.220. 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 $11.33 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Barrick Mining's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.10% 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 Barrick Mining was 105.60% per year. The lowest was -4.80% per year. And the median was 3.30% per year.

As of today (2025-05-17), Barrick Mining's current stock price is $17.83. Barrick Mining's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $11.33. Barrick Mining's Cyclically Adjusted PB Ratio of today is 1.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Barrick Mining was 2.51. The lowest was 0.44. And the median was 1.43.


Barrick Mining Cyclically Adjusted Book per Share Historical Data

The historical data trend for Barrick Mining'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.

Barrick Mining Cyclically Adjusted Book per Share Chart

Barrick Mining Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.18 12.10 11.14 11.55 11.06

Barrick Mining Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 11.43 11.48 11.63 11.06 11.33

Competitive Comparison of Barrick Mining's Cyclically Adjusted Book per Share

For the Gold subindustry, Barrick Mining'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.


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

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

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


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Barrick Mining 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, Barrick Mining's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=14.22/129.1809*129.1809
=14.220

Current CPI (Mar. 2025) = 129.1809.

Barrick Mining Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.731 100.500 11.223
201509 8.392 100.421 10.795
201512 6.161 99.947 7.963
201603 6.156 101.054 7.869
201606 6.300 102.002 7.979
201609 6.451 101.765 8.189
201612 6.808 101.449 8.669
201703 7.363 102.634 9.268
201706 8.269 103.029 10.368
201709 8.245 103.345 10.306
201712 7.960 103.345 9.950
201803 8.123 105.004 9.993
201806 8.016 105.557 9.810
201809 7.629 105.636 9.329
201812 6.502 105.399 7.969
201903 8.903 106.979 10.751
201906 8.984 107.690 10.777
201909 11.334 107.611 13.606
201912 12.054 107.769 14.449
202003 12.197 107.927 14.599
202006 12.391 108.401 14.766
202009 12.822 108.164 15.313
202012 13.126 108.559 15.619
202103 13.312 110.298 15.591
202106 13.314 111.720 15.395
202109 13.274 112.905 15.188
202112 13.408 113.774 15.224
202203 13.586 117.646 14.918
202206 13.615 120.806 14.559
202209 13.543 120.648 14.501
202212 12.972 120.964 13.853
202303 12.939 122.702 13.622
202306 13.010 124.203 13.531
202309 13.113 125.230 13.527
202312 13.295 125.072 13.732
202403 13.364 126.258 13.673
202406 13.474 127.522 13.649
202409 13.633 127.285 13.836
202412 14.064 127.364 14.265
202503 14.220 129.181 14.220

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


Barrick Mining  (NYSE:B) 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.

Barrick Mining's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.83/11.33
=1.57

* 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 Barrick Mining was 2.51. The lowest was 0.44. And the median was 1.43.


Be Aware

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


Barrick Mining Cyclically Adjusted Book per Share Related Terms

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


Barrick Mining Business Description

Industry
Address
161 Bay Street, Brookfield Place, TD Canada Trust Tower, Suite 3700, P.O. Box 212, Toronto, ON, CAN, M5J 2S1
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2024, the firm produced nearly 3.9 million attributable ounces of gold and about 430 million pounds of copper. At year-end 2024, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.