AYA (Aya Gold & Silver) Cyclically Adjusted PB Ratio: 21.36 (As of Aug. 21, 2026) — 98% Above Median

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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
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.

AYA Aya Gold & Silver Inc AYA
73 GF Score
Price $26.91
GF Value $46.32
Valuation Possible Value Trap
! 7 Warning Signs
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What is Aya Gold & Silver Cyclically Adjusted PB Ratio?

Aya Gold & Silver AYA -1.21% 73 Cyclically Adjusted PB Ratio is 21.36 as of Aug. 21, 2026, which is 98% above its 10-year median of 10.80. GuruFocus rates AYA with a GF Score™ of 73/100 and a GF Value™ of $46.32 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,519 Metals & Mining companies, Aya Gold & Silver ranks worse than 96.12% on this metric.

As of today (2026-08-21), Aya Gold & Silver's current share price is $26.91. Aya Gold & Silver's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $1.26. Aya Gold & Silver's Cyclically Adjusted PB Ratio for today is 21.36.

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

AYA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.49   Med: 10.8   Max: 21.28
Current: 21.08

During the past years, Aya Gold & Silver's highest Cyclically Adjusted PB Ratio was 21.28. The lowest was 1.49. And the median was 10.80.

AYA's Cyclically Adjusted PB Ratio is ranked worse than
96.12% of 1519 companies
in the Metals & Mining industry
Industry Median: 1.51 vs AYA: 21.08

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.

Aya Gold & Silver's adjusted book value per share data for the three months ended in Jun. 2026 was $3.403. 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 $1.26 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aya Gold & Silver  (NAS:AYA) 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.


Aya Gold & Silver Cyclically Adjusted PB Ratio Related Terms


Aya Gold & Silver Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aya Gold & Silver'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.

Aya Gold & Silver Cyclically Adjusted PB Ratio Chart

Aya Gold & Silver 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 14.98 11.90 10.33 9.14 12.79

Aya Gold & Silver Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 9.06 11.16 12.79 12.81 15.07

AYA vs EXK: Cyclically Adjusted PB Ratio Comparison

For the Silver subindustry, Aya Gold & Silver'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.


Aya Gold & Silver Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


AYA
73GF Score
Aya Gold & Silver Inc AYA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aya Gold & Silver 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.

Aya Gold & Silver's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.91/1.26
=21.36

* 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.

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

For example, Aya Gold & Silver'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)
=3.403/133.5265*133.5265
=3.403

Current CPI (Jun. 2026) = 133.5265.

Aya Gold & Silver Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.215 101.765 0.282
201612 0.189 101.449 0.249
201703 0.189 102.634 0.246
201706 0.182 103.029 0.236
201709 0.189 103.345 0.244
201712 0.257 103.345 0.332
201803 0.281 105.004 0.357
201806 0.520 105.557 0.658
201809 0.523 105.636 0.661
201812 0.500 105.399 0.633
201903 0.521 106.979 0.650
201906 0.539 107.690 0.668
201909 0.536 107.611 0.665
201912 0.509 107.769 0.631
202003 0.461 107.927 0.570
202006 0.472 108.401 0.581
202009 0.611 108.164 0.754
202012 0.662 108.559 0.814
202103 0.728 110.298 0.881
202106 0.816 111.720 0.975
202109 1.264 112.905 1.495
202112 1.268 113.774 1.488
202203 1.270 117.646 1.441
202206 1.238 120.806 1.368
202209 1.174 120.648 1.299
202212 1.197 120.964 1.321
202303 1.644 122.702 1.789
202306 1.726 124.203 1.856
202309 1.721 125.230 1.835
202312 1.804 125.072 1.926
202403 2.065 126.258 2.184
202406 2.103 127.522 2.202
202409 2.155 127.285 2.261
202412 1.885 127.364 1.976
202503 1.986 129.181 2.053
202506 2.730 129.892 2.806
202509 2.796 130.287 2.866
202512 2.913 130.366 2.984
202603 3.205 132.262 3.236
202606 3.403 133.527 3.403

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 21.36 mean?
Aya Gold & Silver (AYA) has a Cyclically Adjusted PB Ratio of 21.36 as of Aug. 21, 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 Aya Gold & Silver and its competitors. This is 98% above median its historical median of 10.80. Over the past decade, Aya Gold & Silver's Cyclically Adjusted PB Ratio has ranged from 1.49 to 21.28. According to the industry distribution chart, Aya Gold & Silver ranks #1460 out of 1519 companies in the Metals & Mining industry, placing it in the top 96.1%.
Is Aya Gold & Silver's Cyclically Adjusted PB Ratio too high?
Aya Gold & Silver's current Cyclically Adjusted PB Ratio of 21.36 is 98% above median its 10-year median of 10.80. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 21.28. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. Aya Gold & Silver's value of 21.36 is 1314.6% above this industry median. Based on the distribution chart, Aya Gold & Silver ranks #1460 out of 1519 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Aya Gold & Silver has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aya Gold & Silver's Cyclically Adjusted PB Ratio compare to EXK?
According to the Metals & Mining industry distribution chart, Aya Gold & Silver ranks #1460 out of 1519 companies for Cyclically Adjusted PB Ratio. This places Aya Gold & Silver in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Aya Gold & Silver's value of 21.36 is 1314.6% above this benchmark. Historically, Aya Gold & Silver's own Cyclically Adjusted PB Ratio has ranged from 1.49 to 21.28 over the past decade. While the company's 10-year median is 10.80 vs. the industry median of 1.51, Aya Gold & Silver 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 1,519 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. Aya Gold & Silver's current Cyclically Adjusted PB Ratio of 21.36 is 1314.6% 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 Aya Gold & Silver 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. Aya Gold & Silver's current Cyclically Adjusted PB Ratio is 21.36, which is 98% above median its own 10-year median of 10.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aya Gold & Silver stock overvalued right now?
Based on GuruFocus' analysis, Aya Gold & Silver (AYA) is currently considered Possible Value Trap. The stock's GF Value™ is $46.32, compared to a current price of $26.91 — trading 41.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 21.36, which is 98% above median its 10-year median of 10.80 and 1314.6% above the Metals & Mining industry median of 1.51. Aya Gold & Silver's overall GF Score™ is 73/100 with 7 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 Aya Gold & Silver (AYA), the current Cyclically Adjusted PB Ratio is 21.36 as of Aug. 21, 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 Aya Gold & Silver (AYA) Overvalued in 2026?

Based on GuruFocus' analysis, Aya Gold & Silver stock appears to be undervalued. The current stock price of $26.91 is trading 41.9% below its estimated GF Value™ of $46.32. GuruFocus considers Aya Gold & Silver to be Possible Value Trap.

Key valuation signals for AYA:

  • Cyclically Adjusted PB Ratio: 21.36 (98% above median its 10-year median of 10.80)
  • GF Value™: $46.32 vs. price of $26.91 (41.9% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 1314.6% above the Metals & Mining median (#1460 of 1519)

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


Aya Gold & Silver Business Description

Other Exchanges 0HE:GermanyAYA:Canada
Address 1320 Graham Boulevard, Suite 132, Mont-Royal, QC, CAN, H3P 3C8
Aya Gold & Silver Inc is a Canadian-based precious metals mining corporation active across the full mining life-cycle, from discovery and development through to production. It operates in Morocco. The company's flagship asset is the Zgounder Silver Mine, recognized for its rare, high-grade silver mineralization. The mine is located along the Anti-Atlas fault, one of North Africa's geologically rich and underexplored regions, known for hosting silver, gold, and base metal deposits. Aya also owns an 85% interest in the Boumadine polymetallic project, which is currently at the exploration and evaluation stage. It operates in single segment of mining industry and its products are precious metals ingots and concentrate which are refined or smelted into pure silver and sold to metal brokers.
73GF Score

Get the complete analysis for AYA

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

$26.91
Price
$46.32
GF Value