ELBM (Electra Battery Materials) 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.

ELBM Electra Battery Materials Corp ELBM
32 GF Score
Price $0.58
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What is Electra Battery Materials Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Electra Battery Materials  (NAS:ELBM) 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.


Electra Battery Materials Cyclically Adjusted PB Ratio Related Terms


Electra Battery Materials Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Electra Battery Materials'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.

Electra Battery Materials Cyclically Adjusted PB Ratio Chart

Electra Battery Materials Annual Data
Trend Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Electra Battery Materials 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 0.07 0.08 0.06 0.04 0.04

Electra Battery Materials Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Electra Battery Materials'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.


Electra Battery Materials Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


ELBM
32GF Score
Electra Battery Materials Corp ELBM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Electra Battery Materials 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.

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

For example, Electra Battery Materials'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)
=0.642/133.5265*133.5265
=0.642

Current CPI (Jun. 2026) = 133.5265.

Electra Battery Materials Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.566 100.421 0.753
201512 0.337 99.947 0.450
201603 -0.711 101.054 -0.939
201609 1.570 101.765 2.060
201703 102.634 0.000
201712 36.029 103.345 46.551
201803 34.123 105.004 43.392
201806 35.995 105.557 45.533
201809 35.399 105.636 44.745
201812 30.820 105.399 39.045
201903 30.585 106.979 38.175
201906 29.445 107.690 36.509
201909 28.879 107.611 35.834
201912 14.995 107.769 18.579
202003 13.146 107.927 16.264
202006 13.525 108.401 16.660
202009 11.736 108.164 14.488
202012 12.724 108.559 15.650
202103 12.789 110.298 15.482
202106 12.714 111.720 15.196
202109 11.378 112.905 13.456
202112 10.220 113.774 11.994
202203 10.678 117.646 12.119
202206 11.321 120.806 12.513
202209 9.992 120.648 11.059
202212 10.614 120.964 11.716
202303 10.073 122.702 10.962
202306 11.125 124.203 11.960
202309 6.948 125.230 7.408
202312 4.524 125.072 4.830
202403 3.848 126.258 4.070
202406 3.579 127.522 3.748
202409 3.380 127.285 3.546
202412 3.020 127.364 3.166
202503 2.520 129.181 2.605
202506 2.071 129.892 2.129
202509 1.922 130.287 1.970
202512 0.341 130.366 0.349
202603 0.575 132.262 0.580
202606 0.642 133.527 0.642

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.


Electra Battery Materials Business Description

Address 133 Richmond Street West, Suite 602, Toronto, ON, CAN, M5H 2L3
Electra Battery Materials Corp is building North America's fully integrated, localized, and environmentally sustainable battery materials park. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable, and traceable raw materials for the region's fast growing electric vehicle industry. The Company's operating segments are Refinery, Exploration and Evaluation, Corporate and Other.
32GF Score

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