PGZFF (Pan Global Resources) Cyclically Adjusted Book per Share: $0.03 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PGZFF Pan Global Resources Inc PGZFF
35 GF Score
Price $0.12
! 1 Warning Sign
View Full Analysis

What is Pan Global Resources Cyclically Adjusted Book per Share?

Pan Global Resources PGZFF +4.23% 35 Cyclically Adjusted Book per Share is $0.03 as of Apr. 2026. GuruFocus rates PGZFF with a GF Score™ of 35/100. The stock has 1 warning sign 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.

Pan Global Resources's adjusted book value per share for the three months ended in Apr. 2026 was $0.015. 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 $0.03 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Pan Global Resources's average Cyclically Adjusted Book Growth Rate was 33.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% 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 Pan Global Resources was 10.10% per year. The lowest was -20.60% per year. And the median was -9.10% per year.

As of today (2026-07-17), Pan Global Resources's current stock price is $0.1235. Pan Global Resources's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $0.03. Pan Global Resources's Cyclically Adjusted PB Ratio of today is 4.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pan Global Resources was 4.54. The lowest was 0.00. And the median was 0.00.


Pan Global Resources  (OTCPK:PGZFF) 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.

Pan Global Resources's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.1235/0.03
=4.12

* 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 Pan Global Resources was 4.54. The lowest was 0.00. And the median was 0.00.


Be Aware

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


Pan Global Resources Cyclically Adjusted Book per Share Related Terms


Pan Global Resources Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Pan Global Resources'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.

Pan Global Resources Cyclically Adjusted Book per Share Chart

Pan Global Resources Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 0.03

Pan Global Resources Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.02 0.03 0.03 0.03 0.03

Pan Global Resources Cyclically Adjusted Book per Share Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Pan Global 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.


Pan Global Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


PGZFF
35GF Score
Pan Global Resources Inc PGZFF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan Global Resources 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, Pan Global Resources's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book= Book Value per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.015/132.7364*132.7364
=0.015

Current CPI (Apr. 2026) = 132.7364.

Pan Global Resources Quarterly Data

Book Value per Share CPI Adj_Book
201607 -0.004 101.844 -0.005
201610 -0.005 102.002 -0.007
201701 -0.004 102.318 -0.005
201704 0.008 103.029 0.010
201707 0.005 103.029 0.006
201710 0.021 103.424 0.027
201801 0.018 104.056 0.023
201804 0.018 105.320 0.023
201807 0.029 106.110 0.036
201810 0.028 105.952 0.035
201901 0.023 105.557 0.029
201904 0.018 107.453 0.022
201907 0.015 108.243 0.018
201910 0.018 107.927 0.022
202001 0.023 108.085 0.028
202004 0.018 107.216 0.022
202007 0.034 108.401 0.042
202010 0.028 108.638 0.034
202101 0.029 109.192 0.035
202104 0.025 110.851 0.030
202107 0.077 112.431 0.091
202110 0.073 113.695 0.085
202201 0.071 114.801 0.082
202204 0.065 118.357 0.073
202207 0.058 120.964 0.064
202210 0.047 121.517 0.051
202301 0.039 121.596 0.043
202304 0.029 123.571 0.031
202307 0.020 124.914 0.021
202310 0.028 125.310 0.030
202401 0.023 125.072 0.024
202404 0.019 126.890 0.020
202407 0.013 128.075 0.013
202410 0.024 127.838 0.025
202501 0.020 127.443 0.021
202504 0.016 129.102 0.016
202507 0.013 130.290 0.013
202510 0.012 130.603 0.012
202601 0.019 130.366 0.019
202604 0.015 132.736 0.015

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 $0.03 mean?
Pan Global Resources (PGZFF) has a Cyclically Adjusted Book per Share of $0.03 as of Apr. 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 Pan Global Resources and its competitors.
Is Pan Global Resources' Cyclically Adjusted Book per Share too high?
Pan Global Resources' current Cyclically Adjusted Book per Share is $0.03. Overall, Pan Global Resources has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Pan Global Resources' Cyclically Adjusted Book per Share compare to competitors?
Pan Global Resources' Cyclically Adjusted Book per Share of $0.03 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 Pan Global Resources and its competitors. Pan Global Resources's current Cyclically Adjusted Book per Share is $0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Global Resources stock overvalued right now?
Pan Global Resources (PGZFF) has a current Cyclically Adjusted Book per Share of $0.03. The current Cyclically Adjusted Book per Share is $0.03. Pan Global Resources' overall GF Score™ is 35/100 with 1 warning sign 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 Pan Global Resources (PGZFF), the current Cyclically Adjusted Book per Share is $0.03 as of Apr. 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.

Pan Global Resources Business Description

Other Exchanges 2EU:GermanyPGZ:Canada
Address 355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8
Pan Global Resources Inc is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The company is focused on the early stage exploration through to the development of resources of copper, tin, and other metals in Spain. The Company's flagship Escacena Project is located in the Iberian Pyrite Belt in southern Spain.
35GF Score

Get the complete analysis for PGZFF

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

$0.12
Price