ALM (Almonty Industries) Cyclically Adjusted PB Ratio: 45.88 (As of Jul. 09, 2026) — 2435% Above Median


ALM Almonty Industries Inc ALM
53 GF Score
Price $14.68
GF Value $1.11
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Almonty Industries Cyclically Adjusted PB Ratio?

Almonty Industries ALM -1.80% 53 Cyclically Adjusted PB Ratio is 45.88 as of Jul. 09, 2026, which is 2435% above its 10-year median of 1.81. GuruFocus rates ALM with a GF Score™ of 53/100 and a GF Value™ of $1.11 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,546 Metals & Mining companies, Almonty Industries ranks worse than 98.97% on this metric.

As of today (2026-07-09), Almonty Industries's current share price is $14.6805. Almonty Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.32. Almonty Industries's Cyclically Adjusted PB Ratio for today is 45.88.

The historical rank and industry rank for Almonty Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

ALM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.81   Max: 71.27
Current: 47.04

During the past years, Almonty Industries's highest Cyclically Adjusted PB Ratio was 71.27. The lowest was 1.03. And the median was 1.81.

ALM's Cyclically Adjusted PB Ratio is ranked worse than
98.97% of 1546 companies
in the Metals & Mining industry
Industry Median: 1.52 vs ALM: 47.04

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.

Almonty Industries's adjusted book value per share data for the three months ended in Mar. 2026 was $0.920. 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 $0.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Almonty Industries  (NAS:ALM) 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.


Almonty Industries Cyclically Adjusted PB Ratio Related Terms


Almonty Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Almonty Industries'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.

Almonty Industries Cyclically Adjusted PB Ratio Chart

Almonty Industries Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 1.44 1.28 2.59 27.61

Almonty Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.88 14.84 19.51 27.61 45.08

Almonty Industries Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Almonty Industries'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.


Almonty Industries Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


ALM
53GF Score
Almonty Industries Inc ALM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Almonty Industries 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.

Almonty Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.6805/0.32
=45.88

* 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.

Almonty Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Almonty Industries's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.92/132.2623*132.2623
=0.920

Current CPI (Mar. 2026) = 132.2623.

Almonty Industries Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.530 101.054 0.694
201606 0.471 102.002 0.611
201609 0.367 101.765 0.477
201612 0.296 101.449 0.386
201703 0.261 102.634 0.336
201706 0.294 103.029 0.377
201709 0.328 103.345 0.420
201712 0.313 103.345 0.401
201803 0.354 105.004 0.446
201806 0.375 105.557 0.470
201809 0.259 105.636 0.324
201812 0.309 105.399 0.388
201903 0.321 106.979 0.397
201906 0.328 107.690 0.403
201909 0.301 107.611 0.370
202003 0.195 107.927 0.239
202006 0.198 108.401 0.242
202009 0.197 108.164 0.241
202012 0.186 108.559 0.227
202103 0.183 110.298 0.219
202106 0.173 111.720 0.205
202109 0.202 112.905 0.237
202112 0.212 113.774 0.246
202203 0.209 117.646 0.235
202206 0.211 120.806 0.231
202209 0.171 120.648 0.187
202212 0.203 120.964 0.222
202303 0.184 122.702 0.198
202306 0.179 124.203 0.191
202309 0.158 125.230 0.167
202312 0.232 125.072 0.245
202403 0.242 126.258 0.254
202406 0.213 127.522 0.221
202409 0.238 127.285 0.247
202412 0.155 127.364 0.161
202503 0.067 129.181 0.069
202506 0.059 129.892 0.060
202509 0.551 130.287 0.559
202512 0.987 130.366 1.001
202603 0.920 132.262 0.920

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.

What does a Cyclically Adjusted PB Ratio of 45.88 mean?
Almonty Industries (ALM) has a Cyclically Adjusted PB Ratio of 45.88 as of Jul. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Almonty Industries and its competitors. This is 2435% above median its historical median of 1.81. Over the past decade, Almonty Industries' Cyclically Adjusted PB Ratio has ranged from 1.03 to 71.27. According to the industry distribution chart, Almonty Industries ranks #1530 out of 1546 companies in the Metals & Mining industry, placing it in the top 99%.
Is Almonty Industries' Cyclically Adjusted PB Ratio too high?
Almonty Industries' current Cyclically Adjusted PB Ratio of 45.88 is 2435% above median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 71.27. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.52. Almonty Industries' value of 45.88 is 2918.4% above this industry median. Based on the distribution chart, Almonty Industries ranks #1530 out of 1546 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Almonty Industries has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Almonty Industries' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Almonty Industries ranks #1530 out of 1546 companies for Cyclically Adjusted PB Ratio. This places Almonty Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Almonty Industries' value of 45.88 is 2918.4% above this benchmark. Historically, Almonty Industries' own Cyclically Adjusted PB Ratio has ranged from 1.03 to 71.27 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 1.52, Almonty Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.52, based on 1,546 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Almonty Industries's current Cyclically Adjusted PB Ratio of 45.88 is 2918.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Almonty Industries and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Almonty Industries's current Cyclically Adjusted PB Ratio is 45.88, which is 2435% above median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almonty Industries stock overvalued right now?
Based on GuruFocus' analysis, Almonty Industries (ALM) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.11, compared to a current price of $14.68 — trading 1222.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 45.88, which is 2435% above median its 10-year median of 1.81 and 2918.4% above the Metals & Mining industry median of 1.52. Almonty Industries' overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Almonty Industries (ALM), the current Cyclically Adjusted PB Ratio is 45.88 as of Jul. 09, 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.

Is Almonty Industries (ALM) Overvalued in 2026?

Based on GuruFocus' analysis, Almonty Industries stock appears to be overvalued. The current stock price of $14.68 is trading 1222.6% above its estimated GF Value™ of $1.11. GuruFocus considers Almonty Industries to be Significantly Overvalued.

Key valuation signals for ALM:

  • Cyclically Adjusted PB Ratio: 45.88 (2435% above median its 10-year median of 1.81)
  • GF Value™: $1.11 vs. price of $14.68 (1222.6% above fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 2918.4% above the Metals & Mining median (#1530 of 1546)

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


Almonty Industries Business Description

Address 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7
Almonty Industries Inc is engaged in the development of the Sangdong Mine in South Korea, and the Company is currently mining, processing, and shipping tungsten concentrate from the Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (Panasqueira Mine). Additionally, the Company is evaluating its molybdenum project with inferred mineral resources on a separate property adjacent to the tungsten orebody at the Sangdong Mine, its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora (Valtreixal Mine), and the newly-acquired Gentung Browns Lake tungsten project located in Montana, USA (Gentung-Browns Lake Project). The company has two geographical locations: the Iberian Peninsula (Spain and Portugal) and the Republic of Korea.
53GF Score

Get the complete analysis for ALM

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

$14.68
Price
$1.11
GF Value