FLMTF (Full Metal Minerals) Cyclically Adjusted PB Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Full Metal Minerals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Full Metal Minerals  (OTCPK:FLMTF) 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.


Full Metal Minerals Cyclically Adjusted PB Ratio Related Terms


Full Metal Minerals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Full Metal Minerals'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.

Full Metal Minerals Cyclically Adjusted PB Ratio Chart

Full Metal Minerals Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.94 0.00 0.00 0.00 0.00

Full Metal Minerals Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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

Full Metal Minerals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Full Metal Minerals'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.


Full Metal Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Full Metal Minerals 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.

Full Metal Minerals's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Full Metal Minerals's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=-0.009/131.0772*131.0772
=-0.009

Current CPI (Feb. 2026) = 131.0772.

Full Metal Minerals Quarterly Data

Book Value per Share CPI Adj_Book
201605 -0.038 101.765 -0.049
201608 -0.047 101.686 -0.061
201611 -0.057 101.607 -0.074
201702 -0.069 102.476 -0.088
201705 -0.075 103.108 -0.095
201708 -0.092 103.108 -0.117
201711 -0.104 103.740 -0.131
201802 -0.118 104.688 -0.148
201805 -0.130 105.399 -0.162
201808 -0.142 106.031 -0.176
201811 -0.128 105.478 -0.159
201902 -0.135 106.268 -0.167
201905 -0.144 107.927 -0.175
201908 -0.154 108.085 -0.187
201911 -0.165 107.769 -0.201
202002 0.000 108.559 0.000
202005 -0.193 107.532 -0.235
202008 -0.212 108.243 -0.257
202011 -0.147 108.796 -0.177
202102 -0.145 109.745 -0.173
202105 0.011 111.404 0.013
202108 0.009 112.668 0.010
202111 0.006 113.932 0.007
202202 0.004 115.986 0.005
202205 0.002 120.016 0.002
202208 0.001 120.569 0.001
202211 -0.001 121.675 -0.001
202302 -0.002 122.070 -0.002
202305 -0.004 124.045 -0.004
202308 -0.005 125.389 -0.005
202311 -0.006 125.468 -0.006
202402 -0.008 125.468 -0.008
202405 -0.009 127.601 -0.009
202408 -0.011 127.838 -0.011
202411 -0.012 127.838 -0.012
202502 -0.013 128.786 -0.013
202505 -0.015 129.813 -0.015
202508 -0.008 130.208 -0.008
202511 -0.008 130.682 -0.008
202602 -0.009 131.077 -0.009

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.


Full Metal Minerals Business Description

Other Exchanges FMM:Canada
Address 409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
Full Metal Minerals Ltd is a Canada-based mineral exploration company. The company is engaged in the acquisition, exploration, and development of resource properties. It operates in one segment which is mineral property acquisition and exploration, while all assets are located in Canada.