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Argonaut Gold (Argonaut Gold) Cyclically Adjusted PB Ratio : 0.08 (As of May. 01, 2024)


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What is Argonaut Gold Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Argonaut Gold's current share price is $0.3013. Argonaut Gold's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.67. Argonaut Gold's Cyclically Adjusted PB Ratio for today is 0.08.

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

ARNGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.43   Max: 0.74
Current: 0.08

During the past years, Argonaut Gold's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.05. And the median was 0.43.

ARNGF's Cyclically Adjusted PB Ratio is ranked better than
91.75% of 1612 companies
in the Metals & Mining industry
Industry Median: 0.85 vs ARNGF: 0.08

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.

Argonaut Gold's adjusted book value per share data for the three months ended in Dec. 2023 was $0.887. 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 $3.67 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Argonaut Gold Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Argonaut Gold'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.

* Premium members only.

Argonaut Gold Cyclically Adjusted PB Ratio Chart

Argonaut Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.55 0.46 0.10 0.10

Argonaut Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.10 0.12 0.10 0.11 0.10

Competitive Comparison of Argonaut Gold's Cyclically Adjusted PB Ratio

For the Gold subindustry, Argonaut Gold'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.


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

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

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



Argonaut Gold 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.

Argonaut Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.3013/3.67
=0.08

* 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.

Argonaut Gold's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.887/125.4675*125.4675
=0.887

Current CPI (Dec. 2023) = 125.4675.

Argonaut Gold Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.281 98.604 6.720
201406 5.367 99.473 6.769
201409 5.264 99.394 6.645
201412 5.091 98.367 6.494
201503 4.920 99.789 6.186
201506 4.885 100.500 6.099
201509 4.702 100.421 5.875
201512 3.479 99.947 4.367
201603 3.583 101.054 4.449
201606 3.556 102.002 4.374
201609 3.549 101.765 4.376
201612 3.523 101.449 4.357
201703 3.415 102.634 4.175
201706 3.488 103.029 4.248
201709 3.545 103.345 4.304
201712 3.569 103.345 4.333
201803 3.599 105.004 4.300
201806 3.576 105.557 4.251
201809 3.586 105.636 4.259
201812 3.425 105.399 4.077
201903 3.469 106.979 4.069
201906 3.527 107.690 4.109
201909 3.531 107.611 4.117
201912 2.958 107.769 3.444
202003 2.783 107.927 3.235
202006 2.793 108.401 3.233
202009 2.506 108.164 2.907
202012 2.620 108.559 3.028
202103 2.678 110.298 3.046
202106 2.768 111.720 3.109
202109 2.789 112.905 3.099
202112 2.672 113.774 2.947
202203 2.651 117.646 2.827
202206 0.000 120.806 0.000
202209 1.269 120.648 1.320
202212 0.998 120.964 1.035
202303 0.986 122.702 1.008
202306 1.013 124.203 1.023
202309 0.995 125.230 0.997
202312 0.887 125.468 0.887

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.


Argonaut Gold  (OTCPK:ARNGF) 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.


Argonaut Gold Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Argonaut Gold's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Argonaut Gold (Argonaut Gold) Business Description

Traded in Other Exchanges
Address
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

Argonaut Gold (Argonaut Gold) Headlines