BHSIF (Bayhorse Silver) Cyclically Adjusted PB Ratio: (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Bayhorse Silver Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bayhorse Silver  (OTCPK:BHSIF) 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.


Bayhorse Silver Cyclically Adjusted PB Ratio Related Terms


Bayhorse Silver Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bayhorse 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.

Bayhorse Silver Cyclically Adjusted PB Ratio Chart

Bayhorse 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 0.00 0.00 0.00 0.00 0.00

Bayhorse Silver Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.00 0.00 0.00 0.00 0.00

Bayhorse Silver Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Bayhorse 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.


Bayhorse Silver Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Bayhorse 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.

Bayhorse Silver's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Bayhorse Silver's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.001/130.3661*130.3661
=-0.001

Current CPI (Dec. 2025) = 130.3661.

Bayhorse Silver Quarterly Data

Book Value per Share CPI Adj_Book
201603 -0.059 101.054 -0.076
201606 -0.064 102.002 -0.082
201609 -0.049 101.765 -0.063
201612 -0.045 101.449 -0.058
201703 -0.035 102.634 -0.044
201706 -0.026 103.029 -0.033
201709 -0.012 103.345 -0.015
201712 -0.021 103.345 -0.026
201803 -0.025 105.004 -0.031
201806 -0.014 105.557 -0.017
201809 -0.018 105.636 -0.022
201812 -0.026 105.399 -0.032
201903 -0.020 106.979 -0.024
201906 -0.020 107.690 -0.024
201909 -0.018 107.611 -0.022
201912 -0.012 107.769 -0.015
202003 -0.016 107.927 -0.019
202006 -0.011 108.401 -0.013
202009 -0.009 108.164 -0.011
202012 -0.010 108.559 -0.012
202103 -0.001 110.298 -0.001
202106 0.001 111.720 0.001
202109 0.003 112.905 0.003
202112 0.006 113.774 0.007
202203 0.006 117.646 0.007
202206 0.005 120.806 0.005
202209 0.004 120.648 0.004
202212 0.004 120.964 0.004
202303 0.003 122.702 0.003
202306 0.003 124.203 0.003
202309 0.002 125.230 0.002
202312 0.001 125.072 0.001
202403 0.001 126.258 0.001
202406 0.000 127.522 0.000
202409 -0.001 127.285 -0.001
202412 -0.001 127.364 -0.001
202503 -0.002 129.181 -0.002
202506 -0.002 129.892 -0.002
202509 0.000 130.287 0.000
202512 -0.001 130.366 -0.001

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.


Bayhorse Silver Business Description

Other Exchanges 7KXN:GermanyBHS:Canada
Address 4628 Rumble Street, Burnaby, BC, CAN, V5J 2A7
Bayhorse Silver Inc is a mineral exploration company engaged in the acquisition and exploration of mineral property interests. It manages and develops precious and base metal properties in Canada and the USA. The company's project portfolio includes the Bayhorse Silver Mine Property in Oregon State, Brandywine in British Columbia, and the Bayhorse Pegasus Project located in Idaho, USA.