DFIFF (DFR Gold) Cyclically Adjusted PB Ratio: (As of Aug. 02, 2026)

Author: Vera Yuan Vera Yuan
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What is DFR Gold Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DFR Gold  (OTCPK:DFIFF) 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.


DFR Gold Cyclically Adjusted PB Ratio Related Terms


DFR Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DFR 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.

DFR Gold Cyclically Adjusted PB Ratio Chart

DFR Gold Annual Data
Trend Jun16 Jun17 Jun18 Jun19 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

DFR Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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

DFIFF vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, DFR 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.


DFR Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



DFR 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.03/330.2130*330.2130
=-0.030

Current CPI (Mar. 2026) = 330.2130.

DFR Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.025 241.018 -0.034
201609 -0.012 241.428 -0.016
201612 -0.015 241.432 -0.021
201703 -0.018 243.801 -0.024
201706 -0.041 244.955 -0.055
201709 -0.045 246.819 -0.060
201712 -0.025 246.524 -0.033
201803 -0.029 249.554 -0.038
201806 0.010 251.989 0.013
201809 0.011 252.439 0.014
201812 0.006 251.233 0.008
201903 0.014 254.202 0.018
201906 0.009 256.143 0.012
201909 0.001 256.759 0.001
201912 -0.001 256.974 -0.001
202003 0.004 258.115 0.005
202006 -0.006 257.797 -0.008
202009 -0.004 260.280 -0.005
202012 -0.008 260.474 -0.010
202103 -0.041 264.877 -0.051
202106 -0.025 271.696 -0.030
202109 0.002 274.310 0.002
202112 -0.001 278.802 -0.001
202203 -0.007 287.504 -0.008
202206 0.000 296.311 0.000
202209 -0.005 296.808 -0.006
202212 -0.006 296.797 -0.007
202303 -0.011 301.836 -0.012
202306 -0.018 305.109 -0.019
202309 -0.021 307.789 -0.023
202312 -0.023 306.746 -0.025
202403 -0.014 312.332 -0.015
202406 -0.018 314.175 -0.019
202409 -0.019 315.301 -0.020
202412 -0.020 315.605 -0.021
202503 -0.021 319.799 -0.022
202506 -0.025 322.561 -0.026
202509 -0.025 324.800 -0.025
202512 -0.029 324.054 -0.030
202603 -0.030 330.213 -0.030

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.


DFR Gold Business Description

Other Exchanges I13:GermanyDFR:Canada
Address Le Mahe, Lot 223, Beau Vallon, MUS, 50810
DFR Gold Inc is a mineral exploration company engaged in the exploration and evaluation of mineral properties. The company's projects include the Cascades Project in Burkina Faso, the Beravina Zircon Project in Madagascar, and the Gurara Gold Project in Nigeria. It operates in geographic regions including Madagascar, Burkina Faso, and Nigeria, along with holding entities.