Almaden Minerals (FRA:A4E1) Cyclically Adjusted PB Ratio: 0.44 (As of Sep. 05, 2026)

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FRA:A4E1 Almaden Minerals Ltd FRA:A4E1
32 GF Score
Price €0.12
! 1 Warning Sign
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What is Almaden Minerals Cyclically Adjusted PB Ratio?

Almaden Minerals FRA:A4E1 32 Cyclically Adjusted PB Ratio is 0.44 as of Sep. 05, 2026. GuruFocus rates FRA:A4E1 with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 1,500 Metals & Mining companies, Almaden Minerals ranks better than 76.4% on this metric.

As of today (2026-09-05), Almaden Minerals's current share price is €0.118. Almaden Minerals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.27. Almaden Minerals's Cyclically Adjusted PB Ratio for today is 0.44.

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

FRA:A4E1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.45
Current: 0.45

During the past years, Almaden Minerals's highest Cyclically Adjusted PB Ratio was 0.45. The lowest was 0.00. And the median was 0.00.

FRA:A4E1's Cyclically Adjusted PB Ratio is ranked better than
76.4% of 1500 companies
in the Metals & Mining industry
Industry Median: 1.55 vs FRA:A4E1: 0.45

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.

Almaden Minerals's adjusted book value per share data for the three months ended in Jun. 2026 was €0.026. 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 €0.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Almaden Minerals  (FRA:A4E1) 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.


Almaden Minerals Cyclically Adjusted PB Ratio Related Terms


Almaden Minerals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Almaden 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.

Almaden Minerals Cyclically Adjusted PB Ratio Chart

Almaden Minerals 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 0.54 0.47 0.28 0.09 0.36

Almaden Minerals 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 0.43 0.48 0.36 0.43 0.46

FRA:A4E1 vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Almaden 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.


Almaden Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


FRA:A4E1
32GF Score
Almaden Minerals Ltd FRA:A4E1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Almaden 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.

Almaden Minerals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.118/0.27
=0.44

* 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.

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

For example, Almaden Minerals'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)
=0.026/133.5265*133.5265
=0.026

Current CPI (Jun. 2026) = 133.5265.

Almaden Minerals Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.361 101.765 0.474
201612 0.358 101.449 0.471
201703 0.379 102.634 0.493
201706 0.431 103.029 0.559
201709 0.433 103.345 0.559
201712 0.419 103.345 0.541
201803 0.394 105.004 0.501
201806 0.424 105.557 0.536
201809 0.424 105.636 0.536
201812 0.418 105.399 0.530
201903 0.418 106.979 0.522
201906 0.418 107.690 0.518
201909 0.428 107.611 0.531
201912 0.420 107.769 0.520
202003 0.386 107.927 0.478
202006 0.390 108.401 0.480
202009 0.381 108.164 0.470
202012 0.377 108.559 0.464
202103 0.404 110.298 0.489
202106 0.408 111.720 0.488
202109 0.401 112.905 0.474
202112 0.404 113.774 0.474
202203 0.415 117.646 0.471
202206 0.427 120.806 0.472
202209 0.437 120.648 0.484
202212 0.354 120.964 0.391
202303 0.345 122.702 0.375
202306 0.349 124.203 0.375
202309 0.346 125.230 0.369
202312 0.029 125.072 0.031
202403 0.031 126.258 0.033
202406 0.022 127.522 0.023
202409 0.021 127.285 0.022
202412 0.014 127.364 0.015
202503 0.008 129.181 0.008
202506 0.008 129.892 0.008
202509 0.029 130.287 0.030
202512 0.027 130.366 0.028
202603 0.027 132.262 0.027
202606 0.026 133.527 0.026

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 0.44 mean?
Almaden Minerals (FRA:A4E1) has a Cyclically Adjusted PB Ratio of 0.44 as of Sep. 05, 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 Almaden Minerals and its competitors. According to the industry distribution chart, Almaden Minerals ranks #354 out of 1500 companies in the Metals & Mining industry, placing it in the top 23.6%.
Is Almaden Minerals' Cyclically Adjusted PB Ratio too high?
Almaden Minerals' current Cyclically Adjusted PB Ratio is 0.44. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.55. Almaden Minerals' value of 0.44 is 71.6% below this industry median. Based on the distribution chart, Almaden Minerals ranks #354 out of 1500 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Almaden Minerals has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Almaden Minerals' Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Almaden Minerals ranks #354 out of 1500 companies for Cyclically Adjusted PB Ratio. This places Almaden Minerals in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.55. Almaden Minerals' value of 0.44 is 71.6% below this benchmark. 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 1.55, based on 1,500 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. Almaden Minerals's current Cyclically Adjusted PB Ratio of 0.44 is 71.6% below 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 Almaden Minerals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Almaden Minerals's current Cyclically Adjusted PB Ratio is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almaden Minerals stock overvalued right now?
Almaden Minerals (FRA:A4E1) has a current Cyclically Adjusted PB Ratio of 0.44. The current Cyclically Adjusted PB Ratio is 0.44 and 71.6% below the Metals & Mining industry median of 1.55. Almaden Minerals' overall GF Score™ is 32/100 with 1 warning sign 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 Almaden Minerals (FRA:A4E1), the current Cyclically Adjusted PB Ratio is 0.44 as of Sep. 05, 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.

Almaden Minerals Business Description

Other Exchanges AAUAF:USA0UH8:UKAMM:Canada
Address 1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9
Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.
32GF Score

Get the complete analysis for FRA:A4E1

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

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