Iamgold (BOT:IAMGOLD) Cyclically Adjusted PB Ratio: 2.69 (As of Aug. 22, 2026) — 372% Above Median

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.

BOT:IAMGOLD Iamgold Corp BOT:IAMGOLD
73 GF Score
Price BWP12,000.00
GF Value BWP7,822.50
View Full Analysis

What is Iamgold Cyclically Adjusted PB Ratio?

Iamgold BOT:IAMGOLD 73 Cyclically Adjusted PB Ratio is 2.69 as of Aug. 22, 2026, which is 372% above its 10-year median of 0.57. GuruFocus rates BOT:IAMGOLD with a GF Score™ of 73/100 and a GF Value™ of BWP7,822.50. Among 1,516 Metals & Mining companies, Iamgold ranks worse than 68.47% on this metric.

As of today (2026-08-22), Iamgold's current share price is BWP12000.00. Iamgold's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BWP4,467.35. Iamgold's Cyclically Adjusted PB Ratio for today is 2.69.

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

BOT:IAMGOLD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.57   Max: 4.15
Current: 3.47

During the past years, Iamgold's highest Cyclically Adjusted PB Ratio was 4.15. The lowest was 0.15. And the median was 0.57.

BOT:IAMGOLD's Cyclically Adjusted PB Ratio is ranked worse than
68.47% of 1516 companies
in the Metals & Mining industry
Industry Median: 1.51 vs BOT:IAMGOLD: 3.47

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.

Iamgold's adjusted book value per share data for the three months ended in Jun. 2026 was BWP102.741. 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 BWP4,467.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iamgold  (BOT:IAMGOLD) 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.


Iamgold Cyclically Adjusted PB Ratio Related Terms


Iamgold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Iamgold'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.

Iamgold Cyclically Adjusted PB Ratio Chart

Iamgold 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 0.46 0.41 0.41 0.92 2.80

Iamgold 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 1.24 2.23 2.80 3.17 2.69

BOT:IAMGOLD vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Iamgold'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.


Iamgold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


BOT:IAMGOLD
73GF Score
Iamgold Corp BOT:IAMGOLD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iamgold 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.

Iamgold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12000.00/4467.35
=2.69

* 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.

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

For example, Iamgold'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)
=102.741/133.5265*133.5265
=102.741

Current CPI (Jun. 2026) = 133.5265.

Iamgold Quarterly Data

Book Value per Share CPI Adj_Book
201609 66.143 101.765 86.787
201612 65.686 101.449 86.456
201703 64.889 102.634 84.421
201706 79.638 103.029 103.212
201709 80.749 103.345 104.332
201712 80.384 103.345 103.860
201803 81.346 105.004 103.442
201806 80.846 105.557 102.268
201809 80.872 105.636 102.224
201812 78.524 105.399 99.479
201903 77.846 106.979 97.164
201906 77.402 107.690 95.972
201909 76.901 107.611 95.420
201912 67.098 107.769 83.135
202003 64.189 107.927 79.414
202006 65.852 108.401 81.115
202009 66.477 108.164 82.064
202012 69.378 108.559 85.334
202103 70.605 110.298 85.475
202106 70.761 111.720 84.573
202109 68.900 112.905 81.484
202112 62.993 113.774 73.929
202203 63.836 117.646 72.453
202206 63.591 120.806 70.287
202209 59.972 120.648 66.374
202212 59.678 120.964 65.876
202303 59.244 122.702 64.470
202306 61.913 124.203 66.560
202309 61.948 125.230 66.052
202312 61.484 125.072 65.640
202403 61.295 126.258 64.824
202406 62.205 127.522 65.134
202409 76.452 127.285 80.201
202412 78.336 127.364 82.126
202503 79.175 129.181 81.838
202506 80.097 129.892 82.338
202509 83.164 130.287 85.232
202512 95.123 130.366 97.429
202603 100.236 132.262 101.194
202606 102.741 133.527 102.741

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 2.69 mean?
Iamgold (BOT:IAMGOLD) has a Cyclically Adjusted PB Ratio of 2.69 as of Aug. 22, 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 Iamgold and its competitors. This is 372% above median its historical median of 0.57. Over the past decade, Iamgold's Cyclically Adjusted PB Ratio has ranged from 0.15 to 4.15. According to the industry distribution chart, Iamgold ranks #1038 out of 1516 companies in the Metals & Mining industry, placing it in the top 68.5%.
Is Iamgold's Cyclically Adjusted PB Ratio too high?
Iamgold's current Cyclically Adjusted PB Ratio of 2.69 is 372% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 4.15. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. Iamgold's value of 2.69 is 78.1% above this industry median. Based on the distribution chart, Iamgold ranks #1038 out of 1516 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Iamgold has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Iamgold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Iamgold ranks #1038 out of 1516 companies for Cyclically Adjusted PB Ratio. This places Iamgold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Iamgold's value of 2.69 is 78.1% above this benchmark. Historically, Iamgold's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 4.15 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.51, Iamgold 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 1,516 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. Iamgold's current Cyclically Adjusted PB Ratio of 2.69 is 78.1% 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 Iamgold 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. Iamgold's current Cyclically Adjusted PB Ratio is 2.69, which is 372% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iamgold stock overvalued right now?
Iamgold (BOT:IAMGOLD) has a current Cyclically Adjusted PB Ratio of 2.69. The stock's GF Value™ is BWP7,822.50, compared to a current price of BWP12,000.00 — trading 53.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.69, which is 372% above median its 10-year median of 0.57 and 78.1% above the Metals & Mining industry median of 1.51. Iamgold's overall GF Score™ is 73/100. 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 Iamgold (BOT:IAMGOLD), the current Cyclically Adjusted PB Ratio is 2.69 as of Aug. 22, 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 Iamgold (BOT:IAMGOLD) Overvalued in 2026?

Based on GuruFocus' analysis, Iamgold stock appears to be overvalued. The current stock price of BWP12,000.00 is trading 53.4% above its estimated GF Value™ of BWP7,822.50.

Key valuation signals for BOT:IAMGOLD:

  • Cyclically Adjusted PB Ratio: 2.69 (372% above median its 10-year median of 0.57)
  • GF Value™: BWP7,822.50 vs. price of BWP12,000.00 (53.4% above fair value)
  • GF Score™: 73/100
  • Industry Position: 78.1% above the Metals & Mining median (#1038 of 1516)

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


Iamgold Business Description

Address 150 King Street West, Suite 2200, Toronto, ON, CAN, M5H 1J9
Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Cote Gold mine - Canada, Burkina Faso - Essakane mine, Westwood mine - Canada. The company's s non-gold mine segments are Exploration and evaluation and development, and Corporate - which includes royalty interests. The company generates the majority of its revenue from the Cote Gold mine segment.
73GF Score

Get the complete analysis for BOT:IAMGOLD

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

BWP12,000.00
Price
BWP7,822.50
GF Value