BELDF (Batero Gold) Cyclically Adjusted PB Ratio: 0.11 (As of Jul. 16, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

What is Batero Gold Cyclically Adjusted PB Ratio?

Batero Gold BELDF Cyclically Adjusted PB Ratio is 0.11 as of Jul. 16, 2026. The stock has 3 warning signs investors should review. Among 1,547 Metals & Mining companies, Batero Gold ranks better than 83.78% on this metric.

As of today (2026-07-16), Batero Gold's current share price is $0.031. Batero Gold's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was $0.28. Batero Gold's Cyclically Adjusted PB Ratio for today is 0.11.

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

BELDF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.27
Current: 0.27

During the past years, Batero Gold's highest Cyclically Adjusted PB Ratio was 0.27. The lowest was 0.00. And the median was 0.00.

BELDF's Cyclically Adjusted PB Ratio is ranked better than
83.78% of 1547 companies
in the Metals & Mining industry
Industry Median: 1.44 vs BELDF: 0.27

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.

Batero Gold's adjusted book value per share data for the three months ended in Feb. 2026 was $0.293. 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 $0.28 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Batero Gold  (OTCPK:BELDF) 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.


Batero Gold Cyclically Adjusted PB Ratio Related Terms


Batero Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Batero 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.

Batero Gold Cyclically Adjusted PB Ratio Chart

Batero Gold Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.13 0.09 0.13 0.17

Batero Gold Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.11 0.24 0.17 0.15 0.53

BELDF vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Batero 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.


Batero Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Batero 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.031/0.28
=0.11

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.293/131.0772*131.0772
=0.293

Current CPI (Feb. 2026) = 131.0772.

Batero Gold Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.193 101.765 0.249
201608 0.154 101.686 0.199
201611 0.147 101.607 0.190
201702 0.145 102.476 0.185
201705 0.136 103.108 0.173
201708 0.139 103.108 0.177
201711 0.137 103.740 0.173
201802 0.135 104.688 0.169
201805 0.130 105.399 0.162
201808 0.337 106.031 0.417
201811 0.123 105.478 0.153
201902 0.120 106.268 0.148
201905 0.115 107.927 0.140
201908 0.328 108.085 0.398
201911 0.112 107.769 0.136
202002 0.107 108.559 0.129
202005 0.100 107.532 0.122
202008 0.325 108.243 0.394
202011 0.328 108.796 0.395
202102 0.336 109.745 0.401
202105 0.349 111.404 0.411
202108 0.336 112.668 0.391
202111 0.336 113.932 0.387
202202 0.331 115.986 0.374
202205 0.328 120.016 0.358
202208 0.324 120.569 0.352
202211 0.311 121.675 0.335
202302 0.310 122.070 0.333
202305 0.308 124.045 0.325
202308 0.308 125.389 0.322
202311 0.302 125.468 0.316
202402 0.306 125.468 0.320
202405 0.302 127.601 0.310
202408 0.302 127.838 0.310
202411 0.295 127.838 0.302
202502 0.287 128.786 0.292
202505 0.295 129.813 0.298
202508 0.295 130.208 0.297
202511 0.288 130.682 0.289
202602 0.293 131.077 0.293

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 0.11 mean?
Batero Gold (BELDF) has a Cyclically Adjusted PB Ratio of 0.11 as of Jul. 16, 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 Batero Gold and its competitors. According to the industry distribution chart, Batero Gold ranks #251 out of 1547 companies in the Metals & Mining industry, placing it in the top 16.2%.
Is Batero Gold's Cyclically Adjusted PB Ratio too high?
Batero Gold's current Cyclically Adjusted PB Ratio is 0.11. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.44. Batero Gold's value of 0.11 is 92.4% below this industry median. Based on the distribution chart, Batero Gold ranks #251 out of 1547 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Batero Gold's Cyclically Adjusted PB Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Batero Gold ranks #251 out of 1547 companies for Cyclically Adjusted PB Ratio. This places Batero Gold in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.44. Batero Gold's value of 0.11 is 92.4% 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 1.44, based on 1,547 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. Batero Gold's current Cyclically Adjusted PB Ratio of 0.11 is 92.4% 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 Batero Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Batero Gold's current Cyclically Adjusted PB Ratio is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Batero Gold stock overvalued right now?
Batero Gold (BELDF) has a current Cyclically Adjusted PB Ratio of 0.11. The current Cyclically Adjusted PB Ratio is 0.11 and 92.4% below the Metals & Mining industry median of 1.44. 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 Batero Gold (BELDF), the current Cyclically Adjusted PB Ratio is 0.11 as of Jul. 16, 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.

Batero Gold Business Description

Other Exchanges 68B:GermanyBAT:Canada
Address 885 West Georgia Street, Suite 2200, RBC Place, Vancouver, BC, CAN, V6C 3E8
Batero Gold Corp is engaged in the process of exploring and evaluating its exploration and evaluation assets. It focuses on the exploration and development of the Batero-Quinchia Project, which is located within Colombia's Middle Cauca Belt of porphyry gold-copper and epithermal gold systems. The Batero-Quinchia Project includes La Cumbre Porphyry, Dos Quebradas Porphyry, and El Centro Zone. It has one reportable operating segment, being that of exploration and evaluation activities in Colombia.