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McEwen Mining (STU:US8) Cyclically Adjusted Book per Share : €12.59 (As of Mar. 2025)


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What is McEwen 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.

McEwen Mining's adjusted book value per share for the three months ended in Mar. 2025 was €8.229. 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 €12.59 for the trailing ten years ended in Mar. 2025.

During the past 12 months, McEwen Mining's average Cyclically Adjusted Book Growth Rate was -9.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -14.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -9.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -5.10% 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 McEwen Mining was 108.90% per year. The lowest was -52.80% per year. And the median was -3.10% per year.

As of today (2025-05-27), McEwen Mining's current stock price is €6.95. McEwen Mining's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €12.59. McEwen Mining's Cyclically Adjusted PB Ratio of today is 0.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of McEwen Mining was 1.73. The lowest was 0.14. And the median was 0.56.


McEwen Mining Cyclically Adjusted Book per Share Historical Data

The historical data trend for McEwen 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.

McEwen Mining Cyclically Adjusted Book per Share Chart

McEwen 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 17.54 18.82 17.01 14.02 13.39

McEwen 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 14.05 13.73 12.57 13.39 12.59

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

For the Other Precious Metals & Mining subindustry, McEwen 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.


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

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

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


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McEwen 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, McEwen 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)
=8.229/129.1809*129.1809
=8.229

Current CPI (Mar. 2025) = 129.1809.

McEwen Mining Quarterly Data

Book Value per Share CPI Adj_Book
201506 14.134 100.500 18.168
201509 14.120 100.421 18.164
201512 13.993 99.947 18.086
201603 13.930 101.054 17.807
201606 14.148 102.002 17.918
201609 13.307 101.765 16.892
201612 14.020 101.449 17.853
201703 13.819 102.634 17.393
201706 13.639 103.029 17.101
201709 12.882 103.345 16.103
201712 13.069 103.345 16.336
201803 12.381 105.004 15.232
201806 12.940 105.557 15.836
201809 12.568 105.636 15.369
201812 12.397 105.399 15.194
201903 12.248 106.979 14.790
201906 11.932 107.690 14.313
201909 11.967 107.611 14.366
201912 11.229 107.769 13.460
202003 9.051 107.927 10.833
202006 8.444 108.401 10.063
202009 7.908 108.164 9.445
202012 8.710 108.559 10.365
202103 7.203 110.298 8.436
202106 7.013 111.720 8.109
202109 7.329 112.905 8.386
202112 7.231 113.774 8.210
202203 7.022 117.646 7.711
202206 7.179 120.806 7.677
202209 7.669 120.648 8.211
202212 6.425 120.964 6.861
202303 7.674 122.702 8.079
202306 7.157 124.203 7.444
202309 6.904 125.230 7.122
202312 9.319 125.072 9.625
202403 8.979 126.258 9.187
202406 8.826 127.522 8.941
202409 8.548 127.285 8.675
202412 8.910 127.364 9.037
202503 8.229 129.181 8.229

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


McEwen Mining  (STU:US8) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.95/12.59
=0.55

* 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 McEwen Mining was 1.73. The lowest was 0.14. And the median was 0.56.


Be Aware

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


McEwen Mining Cyclically Adjusted Book per Share Related Terms

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


McEwen Mining Business Description

Industry
Traded in Other Exchanges
Address
150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9
McEwen Mining Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company primarily generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. More than half of the company's gold output comes from the El Gallo 1 mine, while the remaining gold production and the majority of silver production are sourced from the San Jose mine. Geographically, most production occurs in the United States.

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