Capricorn MetalsASX:CMM -3.15%60 Cyclically Adjusted PB Ratio is 22.03 as of Jul. 08, 2026, which is 52% above its 10-year median of 14.47. GuruFocus rates ASX:CMM with a GF Score™ of 60/100 and a GF Value™ of A$10.45 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,546 Metals & Mining companies, Capricorn Metals ranks worse than 96.9% on this metric.
The historical rank and industry rank for Capricorn Metals's Cyclically Adjusted PB Ratio or its related term are showing as below:
ASX:CMM'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.03 Med: 14.47 Max: 25.6
Current: 23.31
During the past 13 years, Capricorn Metals's highest Cyclically Adjusted PB Ratio was 25.60. The lowest was 9.03. And the median was 14.47.
ASX:CMM's Cyclically Adjusted PB Ratio is ranked worse than 96.9% of 1546
companies
in the Metals & Mining industry
Industry Median: 1.505
vs ASX:CMM: 23.31
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.
Capricorn Metals's adjusted book value per share data of for the fiscal year that ended in Jun25 was A$1.812. 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 A$0.60 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Capricorn Metals (ASX:CMM) 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.
Capricorn Metals Cyclically Adjusted PB Ratio Related Terms
Capricorn Metals Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Capricorn Metals'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.
Capricorn Metals Cyclically Adjusted PB Ratio Chart
ASX:CMM vs NEM, AU: Cyclically Adjusted PB Ratio Comparison
For the Gold subindustry, Capricorn Metals'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.
Capricorn Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Capricorn Metals's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Capricorn Metals's Cyclically Adjusted PB Ratio falls into.
Capricorn Metals 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.
Capricorn Metals's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 22.03 mean?
Capricorn Metals (ASX:CMM) has a Cyclically Adjusted PB Ratio of 22.03 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 Capricorn Metals and its competitors. This is 52% above median its historical median of 14.47. Over the past decade, Capricorn Metals' Cyclically Adjusted PB Ratio has ranged from 9.03 to 25.60. According to the industry distribution chart, Capricorn Metals ranks #1498 out of 1546 companies in the Metals & Mining industry, placing it in the top 96.9%.
Is Capricorn Metals' Cyclically Adjusted PB Ratio too high?
Capricorn Metals' current Cyclically Adjusted PB Ratio of 22.03 is 52% above median its 10-year median of 14.47. Over the past 10 years, this metric has ranged from a low of 9.03 to a high of 25.60. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. Capricorn Metals' value of 22.03 is 1363.8% above this industry median. Based on the distribution chart, Capricorn Metals ranks #1498 out of 1546 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Capricorn Metals has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capricorn Metals' Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Capricorn Metals ranks #1498 out of 1546 companies for Cyclically Adjusted PB Ratio. This places Capricorn Metals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Capricorn Metals' value of 22.03 is 1363.8% above this benchmark. Historically, Capricorn Metals' own Cyclically Adjusted PB Ratio has ranged from 9.03 to 25.60 over the past decade. While the company's 10-year median is 14.47 vs. the industry median of 1.51, Capricorn Metals 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 1.51, 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. Capricorn Metals's current Cyclically Adjusted PB Ratio of 22.03 is 1363.8% 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 Capricorn Metals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capricorn Metals's current Cyclically Adjusted PB Ratio is 22.03, which is 52% above median its own 10-year median of 14.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capricorn Metals stock overvalued right now?
Based on GuruFocus' analysis, Capricorn Metals (ASX:CMM) is currently considered Modestly Overvalued. The stock's GF Value™ is A$10.45, compared to a current price of A$13.22 — trading 26.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 22.03, which is 52% above median its 10-year median of 14.47 and 1363.8% above the Metals & Mining industry median of 1.51. Capricorn Metals' overall GF Score™ is 60/100 with 4 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 Capricorn Metals (ASX:CMM), the current Cyclically Adjusted PB Ratio is 22.03 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 Capricorn Metals (ASX:CMM) Overvalued in 2026?
Based on GuruFocus' analysis, Capricorn Metals stock appears to be overvalued.
The current stock price of A$13.22 is trading 26.5% above its estimated GF Value™ of A$10.45.
GuruFocus considers Capricorn Metals to be Modestly Overvalued.
Key valuation signals for ASX:CMM:
Cyclically Adjusted PB Ratio: 22.03 (52% above median its 10-year median of 14.47)
GF Value™: A$10.45 vs. price of A$13.22 (26.5% above fair value)
Industry Position: 1363.8% above the Metals & Mining median (#1498 of 1546)
No single metric tells the full story. See the ASX:CMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capricorn Metals Ltd is a mineral exploration and project evaluation company. The company's reportable segments includes the Karlawinda gold project and the Mount Gibson Gold project. It derives maximum revenue from Karlawinda gold project.
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