APMCF (Morien Resources) Cyclically Adjusted PB Ratio: 4.00 (As of Jul. 08, 2026) — Near Median


APMCF Morien Resources Corp APMCF
22 GF Score
Price $0.12
GF Value $0.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Morien Resources Cyclically Adjusted PB Ratio?

Morien Resources APMCF 22 Cyclically Adjusted PB Ratio is 4.00 as of Jul. 08, 2026, which is 6% above its 10-year median of 3.79. GuruFocus rates APMCF with a GF Score™ of 22/100 and a GF Value™ of $0.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 137 Other Energy Sources companies, Morien Resources ranks worse than 81.75% on this metric.

As of today (2026-07-08), Morien Resources's current share price is $0.12. Morien Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.03. Morien Resources's Cyclically Adjusted PB Ratio for today is 4.00.

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

APMCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 3.79   Max: 5.91
Current: 3.4

During the past years, Morien Resources's highest Cyclically Adjusted PB Ratio was 5.91. The lowest was 0.93. And the median was 3.79.

APMCF's Cyclically Adjusted PB Ratio is ranked worse than
81.75% of 137 companies
in the Other Energy Sources industry
Industry Median: 1.09 vs APMCF: 3.40

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.

Morien Resources's adjusted book value per share data for the three months ended in Mar. 2026 was $0.014. 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 Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morien Resources  (OTCPK:APMCF) 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.


Morien Resources Cyclically Adjusted PB Ratio Related Terms


Morien Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Morien Resources'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.

Morien Resources Cyclically Adjusted PB Ratio Chart

Morien Resources 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 1.39 4.67 4.82 3.64 4.51

Morien Resources 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 4.52 5.52 4.31 4.51 4.27

Morien Resources Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, Morien 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.


Morien Resources Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Morien Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


APMCF
22GF Score
Morien Resources Corp APMCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Morien Resources 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.

Morien Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.12/0.03
=4.00

* 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.

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

For example, Morien Resources'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)
=0.014/132.2623*132.2623
=0.014

Current CPI (Mar. 2026) = 132.2623.

Morien Resources Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.071 102.002 0.092
201609 0.065 101.765 0.084
201612 0.065 101.449 0.085
201703 0.065 102.634 0.084
201706 0.063 103.029 0.081
201709 0.070 103.345 0.090
201712 0.060 103.345 0.077
201803 0.057 105.004 0.072
201806 0.050 105.557 0.063
201809 0.049 105.636 0.061
201812 0.044 105.399 0.055
201903 0.040 106.979 0.049
201906 0.038 107.690 0.047
201909 0.047 107.611 0.058
201912 0.046 107.769 0.056
202003 0.041 107.927 0.050
202006 0.039 108.401 0.048
202009 0.036 108.164 0.044
202012 0.035 108.559 0.043
202103 0.033 110.298 0.040
202106 0.031 111.720 0.037
202109 0.028 112.905 0.033
202112 0.028 113.774 0.033
202203 0.026 117.646 0.029
202206 0.023 120.806 0.025
202209 0.021 120.648 0.023
202212 0.011 120.964 0.012
202303 0.014 122.702 0.015
202306 0.015 124.203 0.016
202309 0.012 125.230 0.013
202312 0.009 125.072 0.010
202403 0.007 126.258 0.007
202406 0.006 127.522 0.006
202409 0.004 127.285 0.004
202412 0.004 127.364 0.004
202503 0.001 129.181 0.001
202506 -0.001 129.892 -0.001
202509 -0.003 130.287 -0.003
202512 0.016 130.366 0.016
202603 0.014 132.262 0.014

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 4.00 mean?
Morien Resources (APMCF) has a Cyclically Adjusted PB Ratio of 4.00 as of Jul. 08, 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 Morien Resources and its competitors. This is near median its historical median of 3.79. Over the past decade, Morien Resources' Cyclically Adjusted PB Ratio has ranged from 0.93 to 5.91. According to the industry distribution chart, Morien Resources ranks #112 out of 137 companies in the Other Energy Sources industry, placing it in the top 81.8%.
Is Morien Resources' Cyclically Adjusted PB Ratio too high?
Morien Resources' current Cyclically Adjusted PB Ratio of 4.00 is near median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 5.91. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.09. Morien Resources' value of 4.00 is 267% above this industry median. Based on the distribution chart, Morien Resources ranks #112 out of 137 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Morien Resources has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morien Resources' Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Morien Resources ranks #112 out of 137 companies for Cyclically Adjusted PB Ratio. This places Morien Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.09. Morien Resources' value of 4.00 is 267% above this benchmark. Historically, Morien Resources' own Cyclically Adjusted PB Ratio has ranged from 0.93 to 5.91 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 1.09, Morien Resources 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 an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.09, based on 137 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. Morien Resources's current Cyclically Adjusted PB Ratio of 4.00 is 267% 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 Morien Resources and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morien Resources's current Cyclically Adjusted PB Ratio is 4.00, which is near median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morien Resources stock overvalued right now?
Based on GuruFocus' analysis, Morien Resources (APMCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.01, compared to a current price of $0.12 — trading 1100% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.00, which is near median its 10-year median of 3.79 and 267% above the Other Energy Sources industry median of 1.09. Morien Resources' overall GF Score™ is 22/100 with 2 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 Morien Resources (APMCF), the current Cyclically Adjusted PB Ratio is 4.00 as of Jul. 08, 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 Morien Resources (APMCF) Overvalued in 2026?

Based on GuruFocus' analysis, Morien Resources stock appears to be overvalued. The current stock price of $0.12 is trading 1100% above its estimated GF Value™ of $0.01. GuruFocus considers Morien Resources to be Significantly Overvalued.

Key valuation signals for APMCF:

  • Cyclically Adjusted PB Ratio: 4.00 (near median its 10-year median of 3.79)
  • GF Value™: $0.01 vs. price of $0.12 (1100% above fair value)
  • GF Score™: 22/100 with 2 warning signs
  • Industry Position: 267% above the Other Energy Sources median (#112 of 137)

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


Morien Resources Business Description

Other Exchanges MOX:Canada
Address 168 Hobsons Lake Drive, Suite 301, Halifax, NS, CAN, B3S 0G4
Morien Resources Corp is engaged in the business of identifying and purchasing mineral projects. It operates as a mining development company that holds royalty interests in two tidewater-accessible projects, namely the Donkin Coal Mine and the Black Point Aggregate Project. The company derives revenue in the form of royalty interests. Morien Resources Corp.
22GF Score

Get the complete analysis for APMCF

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

$0.12
Price
$0.01
GF Value