African Rainbow Minerals (HAM:EB9) Cyclically Adjusted Book per Share: €0.00 (As of Dec. 2025)


HAM:EB9 African Rainbow Minerals Ltd HAM:EB9
74 GF Score
Price €9.10
GF Value €12.11
Valuation Significantly Undervalued
! 6 Warning Signs
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What is African Rainbow Minerals Cyclically Adjusted Book per Share?

African Rainbow Minerals HAM:EB9 +0.55% 74 Cyclically Adjusted Book per Share is €0.00 as of Dec. 2025. GuruFocus rates HAM:EB9 with a GF Score™ of 74/100 and a GF Value™ of €12.11 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

African Rainbow Minerals's adjusted book value per share data for the fiscal year that ended in Jun. 2025 was €13.863. 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 €0.00 for the trailing ten years ended in Jun. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 African Rainbow Minerals was 15.50% per year. The lowest was 5.00% per year. And the median was 9.20% per year.

As of today (2026-06-28), African Rainbow Minerals's current stock price is € 9.10. African Rainbow Minerals's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun. 2025 was €0.00. African Rainbow Minerals's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of African Rainbow Minerals was 1.94. The lowest was 0.58. And the median was 0.98.


African Rainbow Minerals  (HAM:EB9) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of African Rainbow Minerals was 1.94. The lowest was 0.58. And the median was 0.98.


Be Aware

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


African Rainbow Minerals Cyclically Adjusted Book per Share Related Terms


African Rainbow Minerals Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for African Rainbow Minerals'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.

African Rainbow Minerals Cyclically Adjusted Book per Share Chart

African Rainbow Minerals Annual Data
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African Rainbow Minerals Semi-Annual Data
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African Rainbow Minerals Cyclically Adjusted Book per Share Competitor Comparison

For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals'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.


African Rainbow Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


HAM:EB9
74GF Score
African Rainbow Minerals Ltd HAM:EB9
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

African Rainbow Minerals 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, African Rainbow Minerals's adjusted Book Value per Share data for the fiscal year that ended in Jun. 2025 was:

Adj_Book=Book Value per Share /CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=13.863/160.9852*160.9852
=13.863

Current CPI (Jun. 2025) = 160.9852.

African Rainbow Minerals Annual Data

Book Value per Share CPI Adj_Book
201606 7.437 106.713 11.219
201706 8.533 112.054 12.259
201806 8.716 116.959 11.997
201906 8.839 122.191 11.645
202006 8.539 124.807 11.014
202106 12.244 131.113 15.034
202206 14.084 140.835 16.099
202306 12.360 148.802 13.372
202406 13.886 156.269 14.305
202506 13.863 160.985 13.863

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 €0.00 mean?
African Rainbow Minerals (HAM:EB9) has a Cyclically Adjusted Book per Share of €0.00 as of Dec. 2025. 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 African Rainbow Minerals and its competitors.
Is African Rainbow Minerals' Cyclically Adjusted Book per Share too high?
African Rainbow Minerals' current Cyclically Adjusted Book per Share is €0.00. Overall, African Rainbow Minerals has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does African Rainbow Minerals' Cyclically Adjusted Book per Share compare to competitors?
African Rainbow Minerals' Cyclically Adjusted Book per Share of €0.00 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Cyclically Adjusted Book per Share depends on the Metals & Mining 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 African Rainbow Minerals and its competitors. African Rainbow Minerals's current Cyclically Adjusted Book per Share is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Rainbow Minerals stock overvalued right now?
Based on GuruFocus' analysis, African Rainbow Minerals (HAM:EB9) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.11, compared to a current price of €9.10 — trading 24.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is €0.00. African Rainbow Minerals' overall GF Score™ is 74/100 with 6 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 African Rainbow Minerals (HAM:EB9), the current Cyclically Adjusted Book per Share is €0.00 as of Dec. 2025. 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 African Rainbow Minerals (HAM:EB9) Overvalued in 2026?

Based on GuruFocus' analysis, African Rainbow Minerals stock appears to be undervalued. The current stock price of €9.10 is trading 24.9% below its estimated GF Value™ of €12.11. GuruFocus considers African Rainbow Minerals to be Significantly Undervalued.

Key valuation signals for HAM:EB9:

  • Cyclically Adjusted Book per Share: €0.00
  • GF Value™: €12.11 vs. price of €9.10 (24.9% below fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the HAM:EB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


African Rainbow Minerals Business Description

Address 29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196
African Rainbow Minerals Ltd is a South African diversified mining and minerals company with operations in South Africa and Malaysia. The group operates through four main segments: ARM Platinum, which includes platinum group metals and nickel; ARM Ferrous, focused on iron ore, manganese ore, and chrome ore; ARM Coal, operating mainly in the Goedgevonden Mine; and ARM Corporate, which includes Machadodorp Works, gold investments, and other activities. The company produces manganese alloys and holds a strategic investment in gold. The company generates the majority of its revenue from South Africa and maintains a presence in Europe, the Americas, and the Far and Middle East.
74GF Score

Get the complete analysis for HAM:EB9

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

€9.10
Price
€12.11
GF Value