Bluebird Mining Ventures (FRA:09D) Cyclically Adjusted PB Ratio: (As of Jul. 24, 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.

What is Bluebird Mining Ventures Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bluebird Mining Ventures  (FRA:09D) 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.


Bluebird Mining Ventures Cyclically Adjusted PB Ratio Related Terms


Bluebird Mining Ventures Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bluebird Mining Ventures'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.

Bluebird Mining Ventures Cyclically Adjusted PB Ratio Chart

Bluebird Mining Ventures Annual Data
Trend Jun15 Jun16 Jun17 Jun18 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 0.12

Bluebird Mining Ventures Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 0.12

FRA:09D vs NEM, AU, RGLD: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Bluebird Mining Ventures'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.


Bluebird Mining Ventures Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Bluebird Mining Ventures 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.

Bluebird Mining Ventures's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Bluebird Mining Ventures's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.019/324.0540*324.0540
=0.019

Current CPI (Dec25) = 324.0540.

Bluebird Mining Ventures Annual Data

Book Value per Share CPI Adj_Book
201506 0.001 238.638 0.001
201606 0.009 241.018 0.012
201706 0.004 244.955 0.005
201806 0.002 251.989 0.003
202012 0.002 260.474 0.002
202112 0.027 278.802 0.031
202212 0.026 296.797 0.028
202312 0.025 306.746 0.026
202412 0.024 315.605 0.025
202512 0.019 324.054 0.019

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.


Bluebird Mining Ventures Business Description

Other Exchanges BMV:UK
Address Harney Westwood & Riegels, P.O. Box 71, Craigmuir Chambers, Road Town, Tortola, VGB, VG1110
Bluebird Mining Ventures Ltd is engaged in a gold and silver project development company. The Company has three gold mining projects: Kochang Gold and Silver Mine (Kochang) and Gubong Gold Mine (Gubong) in South Korea, and the Batangas Gold Project (Batangas) in the Philippines.