ARAO (AuraSource) Cyclically Adjusted PB Ratio: (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is AuraSource Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


AuraSource  (OTCPK:ARAO) 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.


AuraSource Cyclically Adjusted PB Ratio Related Terms


AuraSource Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AuraSource'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.

AuraSource Cyclically Adjusted PB Ratio Chart

AuraSource Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.96 0.00 0.00 0.00 0.00

AuraSource Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.00 0.00 0.00 0.00 0.00

ARAO vs SRE: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, AuraSource'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.


AuraSource Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AuraSource's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AuraSource 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.

AuraSource's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, AuraSource's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.098/307.7890*307.7890
=-0.098

Current CPI (Sep. 2023) = 307.7890.

AuraSource Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.001 233.049 0.001
201403 0.004 236.293 0.005
201406 0.001 238.343 0.001
201409 -0.001 238.031 -0.001
201412 -0.005 234.812 -0.007
201503 -0.010 236.119 -0.013
201506 -0.014 238.638 -0.018
201509 -0.018 237.945 -0.023
201512 -0.021 236.525 -0.027
201603 -0.024 238.132 -0.031
201606 -0.027 241.018 -0.034
201609 -0.030 241.428 -0.038
201612 -0.032 241.432 -0.041
201703 -0.033 243.801 -0.042
201706 -0.036 244.955 -0.045
201709 -0.039 246.819 -0.049
201712 -0.041 246.524 -0.051
201803 -0.037 249.554 -0.046
201806 -0.050 251.989 -0.061
201809 -0.051 252.439 -0.062
201812 -0.058 251.233 -0.071
201903 -0.060 254.202 -0.073
201906 -0.061 256.143 -0.073
201909 -0.061 256.759 -0.073
201912 -0.063 256.974 -0.075
202003 -0.065 258.115 -0.078
202006 -0.067 257.797 -0.080
202009 -0.070 260.280 -0.083
202012 -0.072 260.474 -0.085
202103 -0.073 264.877 -0.085
202106 -0.076 271.696 -0.086
202109 -0.079 274.310 -0.089
202112 -0.082 278.802 -0.091
202203 -0.085 287.504 -0.091
202206 -0.087 296.311 -0.090
202209 -0.089 296.808 -0.092
202212 -0.091 296.797 -0.094
202303 -0.093 301.836 -0.095
202306 -0.095 305.109 -0.096
202309 -0.098 307.789 -0.098

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.


AuraSource Business Description

Address 2103 E. Cedar Street, Suite 6, Tempe, AZ, USA, 8281
AuraSource Inc is an energy-producing company. The business activity of the firm is operated through two divisions: AuraMetal and AuraMoto. The AuraMetal is focused on the development and production of environmentally friendly and cost-effective beneficiation process for complex ore, tailings, and slimes materials as industrial application solutions. AuraSource's core technology includes physical separation, hydrometallurgical and pyrometallurgy processes. AuraMoto is focused on sourcing various vendors and customers in the automotive industry.