EXK (Endeavour Silver) Cyclically Adjusted PB Ratio: 5.21 (As of Jul. 11, 2026) — 180% Above Median


EXK Endeavour Silver Corp EXK
83 GF Score
Price $8.08
GF Value $9.31
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Endeavour Silver Cyclically Adjusted PB Ratio?

Endeavour Silver EXK -1.94% 83 Cyclically Adjusted PB Ratio is 5.21 as of Jul. 11, 2026, which is 180% above its 10-year median of 1.86. GuruFocus rates EXK with a GF Score™ of 83/100 and a GF Value™ of $9.31 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,546 Metals & Mining companies, Endeavour Silver ranks worse than 80.14% on this metric.

As of today (2026-07-11), Endeavour Silver's current share price is $8.08. Endeavour Silver's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $1.55. Endeavour Silver's Cyclically Adjusted PB Ratio for today is 5.21.

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

EXK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.86   Max: 9.48
Current: 5.21

During the past years, Endeavour Silver's highest Cyclically Adjusted PB Ratio was 9.48. The lowest was 0.56. And the median was 1.86.

EXK's Cyclically Adjusted PB Ratio is ranked worse than
80.14% of 1546 companies
in the Metals & Mining industry
Industry Median: 1.495 vs EXK: 5.21

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.

Endeavour Silver's adjusted book value per share data for the three months ended in Mar. 2026 was $2.179. 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 $1.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Endeavour Silver  (NYSE:EXK) 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.


Endeavour Silver Cyclically Adjusted PB Ratio Related Terms


Endeavour Silver Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Endeavour Silver'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.

Endeavour Silver Cyclically Adjusted PB Ratio Chart

Endeavour Silver 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 2.26 1.82 1.24 2.48 6.29

Endeavour Silver 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 2.89 3.34 5.37 6.29 6.00

EXK vs HYMC, NVA, SSMR: Cyclically Adjusted PB Ratio Comparison

For the Silver subindustry, Endeavour Silver'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.


Endeavour Silver Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


EXK
83GF Score
Endeavour Silver Corp EXK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Endeavour Silver 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.

Endeavour Silver's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.08/1.55
=5.21

* 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.

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

For example, Endeavour Silver'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)
=2.179/132.2623*132.2623
=2.179

Current CPI (Mar. 2026) = 132.2623.

Endeavour Silver Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.888 102.002 1.151
201609 1.056 101.765 1.372
201612 1.049 101.449 1.368
201703 1.100 102.634 1.418
201706 1.111 103.029 1.426
201709 1.123 103.345 1.437
201712 1.149 103.345 1.471
201803 1.171 105.004 1.475
201806 1.143 105.557 1.432
201809 1.121 105.636 1.404
201812 1.107 105.399 1.389
201903 1.019 106.979 1.260
201906 0.975 107.690 1.197
201909 0.973 107.611 1.196
201912 0.867 107.769 1.064
202003 0.764 107.927 0.936
202006 0.828 108.401 1.010
202009 0.872 108.164 1.066
202012 1.007 108.559 1.227
202103 1.248 110.298 1.497
202106 1.410 111.720 1.669
202109 1.390 112.905 1.628
202112 1.392 113.774 1.618
202203 1.617 117.646 1.818
202206 1.560 120.806 1.708
202209 1.617 120.648 1.773
202212 1.666 120.964 1.822
202303 1.691 122.702 1.823
202306 1.689 124.203 1.799
202309 1.726 125.230 1.823
202312 1.778 125.072 1.880
202403 1.769 126.258 1.853
202406 1.746 127.522 1.811
202409 1.679 127.285 1.745
202412 1.847 127.364 1.918
202503 1.723 129.181 1.764
202506 1.825 129.892 1.858
202509 1.730 130.287 1.756
202512 1.960 130.366 1.989
202603 2.179 132.262 2.179

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 5.21 mean?
Endeavour Silver (EXK) has a Cyclically Adjusted PB Ratio of 5.21 as of Jul. 11, 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 Endeavour Silver and its competitors. This is 180% above median its historical median of 1.86. Over the past decade, Endeavour Silver's Cyclically Adjusted PB Ratio has ranged from 0.56 to 9.48. According to the industry distribution chart, Endeavour Silver ranks #1239 out of 1546 companies in the Metals & Mining industry, placing it in the top 80.1%.
Is Endeavour Silver's Cyclically Adjusted PB Ratio too high?
Endeavour Silver's current Cyclically Adjusted PB Ratio of 5.21 is 180% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 9.48. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.50. Endeavour Silver's value of 5.21 is 248.5% above this industry median. Based on the distribution chart, Endeavour Silver ranks #1239 out of 1546 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Endeavour Silver has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Endeavour Silver's Cyclically Adjusted PB Ratio compare to HYMC and NVA?
According to the Metals & Mining industry distribution chart, Endeavour Silver ranks #1239 out of 1546 companies for Cyclically Adjusted PB Ratio. This places Endeavour Silver in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.50. Endeavour Silver's value of 5.21 is 248.5% above this benchmark. Historically, Endeavour Silver's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 9.48 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 1.50, Endeavour Silver 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 1.50, based on 1,546 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. Endeavour Silver's current Cyclically Adjusted PB Ratio of 5.21 is 248.5% 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 Endeavour Silver and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Endeavour Silver's current Cyclically Adjusted PB Ratio is 5.21, which is 180% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endeavour Silver stock overvalued right now?
Based on GuruFocus' analysis, Endeavour Silver (EXK) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.31, compared to a current price of $8.08 — trading 13.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.21, which is 180% above median its 10-year median of 1.86 and 248.5% above the Metals & Mining industry median of 1.50. Endeavour Silver's overall GF Score™ is 83/100 with 6 warning signs to review. 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 Endeavour Silver (EXK), the current Cyclically Adjusted PB Ratio is 5.21 as of Jul. 11, 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 Endeavour Silver (EXK) Overvalued in 2026?

Based on GuruFocus' analysis, Endeavour Silver stock appears to be undervalued. The current stock price of $8.08 is trading 13.2% below its estimated GF Value™ of $9.31. GuruFocus considers Endeavour Silver to be Modestly Undervalued.

Key valuation signals for EXK:

  • Cyclically Adjusted PB Ratio: 5.21 (180% above median its 10-year median of 1.86)
  • GF Value™: $9.31 vs. price of $8.08 (13.2% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 248.5% above the Metals & Mining median (#1239 of 1546)

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


Endeavour Silver Business Description

Address 609 Granville Street, Suite 1130, P.O. Box 10328, Vancouver, BC, CAN, V7Y 1G5
Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico and Chile. The Company has three operating mining segments namely; Guanacevi and Terronera in Mexico, and Minera Kolpa in Peru. The company has one development project in Mexico, Terronera, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico, Chile, and the USA.
83GF Score

Get the complete analysis for EXK

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

$8.08
Price
$9.31
GF Value