GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caledonia Mining Corp PLC (AMEX:CMCL) » Definitions » Cyclically Adjusted PB Ratio

Caledonia Mining (Caledonia Mining) Cyclically Adjusted PB Ratio : 1.00 (As of May. 01, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Caledonia Mining Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Caledonia Mining's current share price is $9.81. Caledonia Mining's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.82. Caledonia Mining's Cyclically Adjusted PB Ratio for today is 1.00.

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

CMCL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.41   Max: 4.63
Current: 1.04

During the past years, Caledonia Mining's highest Cyclically Adjusted PB Ratio was 4.63. The lowest was 0.74. And the median was 1.41.

CMCL's Cyclically Adjusted PB Ratio is ranked worse than
54.78% of 1612 companies
in the Metals & Mining industry
Industry Median: 0.85 vs CMCL: 1.04

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.

Caledonia Mining's adjusted book value per share data for the three months ended in Dec. 2023 was $12.493. 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 $9.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caledonia Mining Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Caledonia Mining'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.

* Premium members only.

Caledonia Mining Cyclically Adjusted PB Ratio Chart

Caledonia Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 2.45 1.50 1.38 1.24

Caledonia Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.38 1.64 1.22 1.02 1.24

Competitive Comparison of Caledonia Mining's Cyclically Adjusted PB Ratio

For the Gold subindustry, Caledonia Mining'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.


Caledonia Mining's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Caledonia Mining 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.

Caledonia Mining's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.81/9.82
=1.00

* 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.

Caledonia Mining's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Caledonia Mining's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=12.493/129.4194*129.4194
=12.493

Current CPI (Dec. 2023) = 129.4194.

Caledonia Mining Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.843 99.695 6.287
201406 4.909 100.560 6.318
201409 4.937 100.428 6.362
201412 4.763 99.070 6.222
201503 4.834 99.621 6.280
201506 4.711 100.684 6.056
201509 4.652 100.392 5.997
201512 4.691 99.792 6.084
201603 4.692 100.470 6.044
201606 4.966 101.688 6.320
201609 4.999 101.861 6.351
201612 5.267 101.863 6.692
201703 5.427 102.862 6.828
201706 5.495 103.349 6.881
201709 5.741 104.136 7.135
201712 5.967 104.011 7.425
201803 6.216 105.290 7.641
201806 6.332 106.317 7.708
201809 6.467 106.507 7.858
201812 6.645 105.998 8.113
201903 7.226 107.251 8.720
201906 9.334 108.070 11.178
201909 9.883 108.329 11.807
201912 10.073 108.420 12.024
202003 10.273 108.902 12.209
202006 10.667 108.767 12.692
202009 11.453 109.815 13.498
202012 11.678 109.897 13.753
202103 11.926 111.754 13.811
202106 12.060 114.631 13.616
202109 12.475 115.734 13.950
202112 12.644 117.630 13.911
202203 13.015 121.301 13.886
202206 13.696 125.017 14.178
202209 14.180 125.227 14.655
202212 13.329 125.222 13.776
202303 12.547 127.348 12.751
202306 12.547 128.729 12.614
202309 12.650 129.860 12.607
202312 12.493 129.419 12.493

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.


Caledonia Mining  (AMEX:CMCL) 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.


Caledonia Mining Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Caledonia Mining's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Caledonia Mining (Caledonia Mining) Business Description

Traded in Other Exchanges
Address
B006 Millais House, Castle Quay, Saint Helier, JEY, JE2 3NF
Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's geographical segment includes Zimbabwe and South Africa. Its operations are into Blanket Gold Mine located in the south-west of Zimbabwe. The majority of revenue is generated from the Zimbabwe segment.