Reward Minerals (ASX:RWD) Cyclically Adjusted PB Ratio: 0.15 (As of Jul. 08, 2026)


What is Reward Minerals Cyclically Adjusted PB Ratio?

Reward Minerals ASX:RWD Cyclically Adjusted PB Ratio is 0.15 as of Jul. 08, 2026. The stock has 4 warning signs investors should review. Among 1,546 Metals & Mining companies, Reward Minerals ranks better than 91.4% on this metric.

As of today (2026-07-08), Reward Minerals's current share price is A$0.029. Reward Minerals's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was A$0.20. Reward Minerals's Cyclically Adjusted PB Ratio for today is 0.15.

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

ASX:RWD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.14
Current: 0.14

During the past 13 years, Reward Minerals's highest Cyclically Adjusted PB Ratio was 0.14. The lowest was 0.00. And the median was 0.00.

ASX:RWD's Cyclically Adjusted PB Ratio is ranked better than
91.4% of 1546 companies
in the Metals & Mining industry
Industry Median: 1.505 vs ASX:RWD: 0.14

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.

Reward Minerals's adjusted book value per share data of for the fiscal year that ended in Dec25 was A$-0.012. 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$0.20 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Reward Minerals  (ASX:RWD) 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.


Reward Minerals Cyclically Adjusted PB Ratio Related Terms


Reward Minerals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Reward Minerals'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.

Reward Minerals Cyclically Adjusted PB Ratio Chart

Reward Minerals 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 0.54 0.41 0.26 0.26 0.19

Reward Minerals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.26 0.00 0.26 0.00 0.19

Reward Minerals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Reward Minerals'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.


Reward Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Reward Minerals 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.

Reward Minerals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.029/0.20
=0.15

* 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.

Reward Minerals's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Reward Minerals's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-0.012/135.0688*135.0688
=-0.012

Current CPI (Dec25) = 135.0688.

Reward Minerals Annual Data

Book Value per Share CPI Adj_Book
201612 0.234 0.000
201712 0.240 0.000
201812 0.231 0.000
201912 0.234 0.000
202012 0.221 0.000
202112 0.217 0.000
202212 0.199 0.000
202312 0.088 0.000
202412 -0.005 130.173 -0.005
202512 -0.012 135.069 -0.012

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 0.15 mean?
Reward Minerals (ASX:RWD) has a Cyclically Adjusted PB Ratio of 0.15 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 Reward Minerals and its competitors. According to the industry distribution chart, Reward Minerals ranks #133 out of 1546 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is Reward Minerals' Cyclically Adjusted PB Ratio too high?
Reward Minerals' current Cyclically Adjusted PB Ratio is 0.15. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. Reward Minerals' value of 0.15 is 90% below this industry median. Based on the distribution chart, Reward Minerals ranks #133 out of 1546 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Reward Minerals' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Reward Minerals ranks #133 out of 1546 companies for Cyclically Adjusted PB Ratio. This places Reward Minerals in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.51. Reward Minerals' value of 0.15 is 90% below this benchmark. 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. Reward Minerals's current Cyclically Adjusted PB Ratio of 0.15 is 90% below 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 Reward Minerals 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. Reward Minerals's current Cyclically Adjusted PB Ratio is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reward Minerals stock overvalued right now?
Reward Minerals (ASX:RWD) has a current Cyclically Adjusted PB Ratio of 0.15. The current Cyclically Adjusted PB Ratio is 0.15 and 90% below the Metals & Mining industry median of 1.51. 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 Reward Minerals (ASX:RWD), the current Cyclically Adjusted PB Ratio is 0.15 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.

Reward Minerals Business Description

Address 159 Stirling Highway, Nedlands, WA, AUS, 6009
Reward Minerals Ltd is potash focused exploration and development company in Australia. The company operates predominantly in one business segment which is Potash mineral exploration and in one geographical area which is Western Australia.