AGPPF (Valterra Platinum) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

AGPPF Valterra Platinum Ltd AGPPF
67 GF Score
Price $87.14
GF Value $57.38
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Valterra Platinum Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Valterra Platinum  (OTCPK:AGPPF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Valterra Platinum Cyclically Adjusted PB Ratio Related Terms


Valterra Platinum Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Valterra Platinum's Cyclically Adjusted PB Ratio 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.

Valterra Platinum Cyclically Adjusted PB Ratio Chart

Valterra Platinum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.59 4.22 2.57 1.44 3.96

Valterra Platinum Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PB Ratio 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 1.51 1.42 2.11 4.05 2.98

AGPPF vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Valterra Platinum'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.


Valterra Platinum Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


AGPPF
67GF Score
Valterra Platinum Ltd AGPPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Valterra Platinum Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Valterra Platinum's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Valterra Platinum's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=22.742/162.8800*162.8800
=22.742

Current CPI (Dec25) = 162.8800.

Valterra Platinum Annual Data

Book Value per Share CPI Adj_Book
201612 10.844 109.002 16.204
201712 12.334 113.907 17.637
201812 12.564 118.921 17.208
201912 16.573 123.717 21.819
202012 20.352 127.467 26.006
202112 24.369 135.029 29.395
202212 21.643 145.156 24.286
202312 20.781 152.718 22.164
202412 20.592 157.212 21.334
202512 22.742 162.880 22.742

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

Is Valterra Platinum (AGPPF) Overvalued in 2026?

Based on GuruFocus' analysis, Valterra Platinum stock appears to be overvalued. The current stock price of $87.14 is trading 51.9% above its estimated GF Value™ of $57.38. GuruFocus considers Valterra Platinum to be Significantly Overvalued.

Key valuation signals for AGPPF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $57.38 vs. price of $87.14 (51.9% above fair value)
  • GF Score™: 67/100 with 4 warning signs

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


Valterra Platinum Business Description

Address 144 Oxford Road, Melrose, Rosebank, Johannesburg, GT, ZAF, 2196
Valterra Platinum Ltd supplies platinum group metals (PGMs). It provides services across the value chain, including mining, recycling, and trading of metals. Its products include PGMs such as platinum, palladium, rhodium, iridium, and ruthenium; base metals such as copper, nickel, cobalt sulphate, and chrome; and other by-products such as gold and sodium sulphate, with operations across different stages of production. The majority of the company's revenue is derived from the sale of Platinum. Geographically, it generates the maximum revenue from Japan.
67GF Score

Get the complete analysis for AGPPF

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

$87.14
Price
$57.38
GF Value