ASGOF (Asante Gold) Cyclically Adjusted PB Ratio: (As of Aug. 17, 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.
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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.

ASGOF Asante Gold Corp ASGOF
42 GF Score
Price $0.79
GF Value $1.02
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Asante Gold Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asante Gold  (OTCPK:ASGOF) 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.


Asante Gold Cyclically Adjusted PB Ratio Related Terms


Asante Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asante 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.

Asante Gold Cyclically Adjusted PB Ratio Chart

Asante Gold Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 16.36 14.62 12.92

Asante Gold Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Mar26 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 10.31 15.37 19.53 10.35 0.00

ASGOF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Asante 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.


Asante Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


ASGOF
42GF Score
Asante Gold Corp ASGOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Asante 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.

Asante Gold's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Asante Gold's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.108/133.5265*133.5265
=0.108

Current CPI (Jun. 2026) = 133.5265.

Asante Gold Quarterly Data

Book Value per Share CPI Adj_Book
201607 0.036 101.844 0.047
201610 0.034 102.002 0.045
201701 0.029 102.318 0.038
201704 0.037 103.029 0.048
201707 0.033 103.029 0.043
201710 0.030 103.424 0.039
201801 0.035 104.056 0.045
201804 0.034 105.320 0.043
201807 0.033 106.110 0.042
201810 0.032 105.952 0.040
201901 0.030 105.557 0.038
201904 0.029 107.453 0.036
201907 0.028 108.243 0.035
201910 0.027 107.927 0.033
202001 0.026 108.085 0.032
202004 0.026 107.216 0.032
202007 0.025 108.401 0.031
202010 0.033 108.638 0.041
202101 0.031 109.192 0.038
202104 0.061 110.851 0.073
202107 0.080 112.431 0.095
202110 0.263 113.695 0.309
202201 0.253 114.801 0.294
202204 0.426 118.357 0.481
202207 0.401 120.964 0.443
202210 0.386 121.517 0.424
202301 0.193 121.596 0.212
202304 0.136 123.571 0.147
202307 0.040 124.914 0.043
202310 -0.022 125.310 -0.023
202401 0.050 125.072 0.053
202404 0.017 126.890 0.018
202407 -0.025 128.075 -0.026
202410 -0.002 127.838 -0.002
202501 0.035 127.443 0.037
202504 -0.003 129.102 -0.003
202507 -0.130 130.290 -0.133
202510 0.066 130.603 0.067
202603 0.140 132.262 0.141
202606 0.108 133.527 0.108

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 Asante Gold (ASGOF) Overvalued in 2026?

Based on GuruFocus' analysis, Asante Gold stock appears to be undervalued. The current stock price of $0.79 is trading 22.8% below its estimated GF Value™ of $1.02. GuruFocus considers Asante Gold to be Modestly Undervalued.

Key valuation signals for ASGOF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $1.02 vs. price of $0.79 (22.8% below fair value)
  • GF Score™: 42/100 with 5 warning signs

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


Asante Gold Business Description

Address 800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6
Asante Gold Corp business activity is the operation of its two gold mines, the Bibiani Gold Mine and the Chirano Gold Mine, in the Republic of Ghana through a holding of interest in its subsidiaries. The Company is conducting exploration activities on properties assessed to be of merit for locating additional mineral resources, and has acquired or has options to acquire mining concession rights to additional properties in Ghana, where it is actively engaged in exploration and evaluation activities. The Company reports the results of two operating segments, the Bibiani Gold Mine and the Chirano Gold Mine, which generate maximum revenue.
42GF Score

Get the complete analysis for ASGOF

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

$0.79
Price
$1.02
GF Value