Newton Resources (FRA:8NW) Cyclically Adjusted PB Ratio: 2.75 (As of Aug. 13, 2026) — 15% Below Median

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.

FRA:8NW Newton Resources Ltd FRA:8NW
41 GF Score
Price €0.03
GF Value €0.02
! 5 Warning Signs
View Full Analysis

What is Newton Resources Cyclically Adjusted PB Ratio?

Newton Resources FRA:8NW 41 Cyclically Adjusted PB Ratio is 2.75 as of Aug. 13, 2026, which is 15% below its 10-year median of 3.25. GuruFocus rates FRA:8NW with a GF Score™ of 41/100 and a GF Value™ of €0.02. The stock has 5 warning signs investors should review. Among 489 Steel companies, Newton Resources ranks worse than 90.8% on this metric.

As of today (2026-08-13), Newton Resources's current share price is €0.0275. Newton Resources's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €0.01. Newton Resources's Cyclically Adjusted PB Ratio for today is 2.75.

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

FRA:8NW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.81   Med: 3.25   Max: 4.56
Current: 3.87

During the past 13 years, Newton Resources's highest Cyclically Adjusted PB Ratio was 4.56. The lowest was 1.81. And the median was 3.25.

FRA:8NW's Cyclically Adjusted PB Ratio is ranked worse than
90.8% of 489 companies
in the Steel industry
Industry Median: 0.88 vs FRA:8NW: 3.87

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.

Newton Resources's adjusted book value per share data of for the fiscal year that ended in Dec25 was €0.005. 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 €0.01 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Newton Resources  (FRA:8NW) 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.


Newton Resources Cyclically Adjusted PB Ratio Related Terms


Newton Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Newton Resources'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.

Newton Resources Cyclically Adjusted PB Ratio Chart

Newton Resources 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 3.95 3.85 3.66 2.68 3.93

Newton Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 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 Premium Member Only 3.66 0.00 2.68 0.00 3.93

FRA:8NW vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Newton Resources'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.


Newton Resources Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Newton Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:8NW
41GF Score
Newton Resources Ltd FRA:8NW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newton Resources 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.

Newton Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0275/0.01
=2.75

* 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.

Newton Resources's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Newton Resources'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)
=0.005/120.7036*120.7036
=0.005

Current CPI (Dec25) = 120.7036.

Newton Resources Annual Data

Book Value per Share CPI Adj_Book
201612 0.015 103.225 0.018
201712 0.013 104.984 0.015
201812 0.009 107.622 0.010
201912 0.007 110.700 0.008
202012 0.006 109.711 0.007
202112 0.006 112.349 0.006
202212 0.006 114.548 0.006
202312 0.007 117.296 0.007
202412 0.007 118.945 0.007
202512 0.005 120.704 0.005

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 2.75 mean?
Newton Resources (FRA:8NW) has a Cyclically Adjusted PB Ratio of 2.75 as of Aug. 13, 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 Newton Resources and its competitors. This is 15% below median its historical median of 3.25. Over the past decade, Newton Resources' Cyclically Adjusted PB Ratio has ranged from 1.81 to 4.56. According to the industry distribution chart, Newton Resources ranks #444 out of 489 companies in the Steel industry, placing it in the top 90.8%.
Is Newton Resources' Cyclically Adjusted PB Ratio too high?
Newton Resources' current Cyclically Adjusted PB Ratio of 2.75 is 15% below median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 4.56. The Steel industry median Cyclically Adjusted PB Ratio is 0.88. Newton Resources' value of 2.75 is 212.5% above this industry median. Based on the distribution chart, Newton Resources ranks #444 out of 489 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Newton Resources has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Newton Resources' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Newton Resources ranks #444 out of 489 companies for Cyclically Adjusted PB Ratio. This places Newton Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.88. Newton Resources' value of 2.75 is 212.5% above this benchmark. Historically, Newton Resources' own Cyclically Adjusted PB Ratio has ranged from 1.81 to 4.56 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 0.88, Newton Resources 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.88, based on 489 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. Newton Resources's current Cyclically Adjusted PB Ratio of 2.75 is 212.5% 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 Newton Resources and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newton Resources's current Cyclically Adjusted PB Ratio is 2.75, which is 15% below median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newton Resources stock overvalued right now?
Newton Resources (FRA:8NW) has a current Cyclically Adjusted PB Ratio of 2.75. The stock's GF Value™ is €0.02, compared to a current price of €0.03 — trading 37.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.75, which is 15% below median its 10-year median of 3.25 and 212.5% above the Steel industry median of 0.88. Newton Resources' overall GF Score™ is 41/100 with 5 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 Newton Resources (FRA:8NW), the current Cyclically Adjusted PB Ratio is 2.75 as of Aug. 13, 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 Newton Resources (FRA:8NW) Overvalued in 2026?

Based on GuruFocus' analysis, Newton Resources stock appears to be overvalued. The current stock price of €0.03 is trading 37.5% above its estimated GF Value™ of €0.02.

Key valuation signals for FRA:8NW:

  • Cyclically Adjusted PB Ratio: 2.75 (15% below median its 10-year median of 3.25)
  • GF Value™: €0.02 vs. price of €0.03 (37.5% above fair value)
  • GF Score™: 41/100 with 5 warning signs
  • Industry Position: 212.5% above the Steel median (#444 of 489)

No single metric tells the full story. See the FRA:8NW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Newton Resources Business Description

Other Exchanges 01231:Hong Kong
Address 248 Queen\'s Road East, Units 4204-05, 42nd Floor, Dah Sing Financial Centre, Wan Chai, HKG
Newton Resources Ltd, through its subsidiary, is engaged in the trading of iron ore and other commodities. The company has one reportable segment, which is the Resources Business. The company derives the majority of its revenue from sales of iron ores. The firm also derives a small portion of its revenue from Shipping services. Geographically, all the revenue is derived from Mainland China.
41GF Score

Get the complete analysis for FRA:8NW

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

€0.03
Price
€0.02
GF Value