AltynGold (CHIX:ALTNL) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

CHIX:ALTNL AltynGold PLC CHIX:ALTNL
82 GF Score
Price £11.10
GF Value £4.51
Valuation Significantly Overvalued
! 1 Warning Sign
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What is AltynGold Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


AltynGold  (CHIX:ALTNl) 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.


AltynGold Cyclically Adjusted PB Ratio Related Terms


AltynGold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AltynGold'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.

AltynGold Cyclically Adjusted PB Ratio Chart

AltynGold 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 1.83 1.72 0.62 1.11 6.30

AltynGold 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 0.60 0.82 1.07 2.79 6.50

CHIX:ALTNL vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, AltynGold'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.


AltynGold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


CHIX:ALTNL
82GF Score
AltynGold PLC CHIX:ALTNL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AltynGold 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.

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

For example, AltynGold'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)
=4.082/139.9000*139.9000
=4.082

Current CPI (Dec25) = 139.9000.

AltynGold Annual Data

Book Value per Share CPI Adj_Book
201612 1.178 102.200 1.613
201712 1.042 105.000 1.388
201812 1.066 107.100 1.392
201912 0.978 108.500 1.261
202012 0.946 109.400 1.210
202112 1.491 114.700 1.819
202212 1.892 125.300 2.112
202312 2.029 130.500 2.175
202412 2.400 135.100 2.485
202512 4.082 139.900 4.082

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.

Is AltynGold (CHIX:ALTNL) Overvalued in 2026?

Based on GuruFocus' analysis, AltynGold stock appears to be overvalued. The current stock price of £11.10 is trading 146.1% above its estimated GF Value™ of £4.51. GuruFocus considers AltynGold to be Significantly Overvalued.

Key valuation signals for CHIX:ALTNL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: £4.51 vs. price of £11.10 (146.1% above fair value)
  • GF Score™: 82/100 with 1 warning sign

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


AltynGold Business Description

Address 28 Eccleston Square, London, GBR, SW1V 1NZ
AltynGold PLC is engaged in the exploration and development of mineral resources. It focuses on the development of the underground mine and the processing of high-grade ore. The production of gold ore is carried out from the Sekisovskoye gold and silver deposits, and the mining activities and mining assets are in Kazakhstan. The Teren-Sai Project is an exploration and development project of AltynGold Plc. It is located in the East of Kazakhstan and is adjacent to Altyn's operating Sekisovskoye Mine. The majority of revenue is generated from the sale of gold and silver.
82GF Score

Get the complete analysis for CHIX:ALTNL

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

£11.10
Price
£4.51
GF Value