D2 Lithium (FRA:C2U) Cyclically Adjusted PB Ratio: 0.13 (As of Jul. 28, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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 D2 Lithium Cyclically Adjusted PB Ratio?

D2 Lithium FRA:C2U -4.55% Cyclically Adjusted PB Ratio is 0.13 as of Jul. 28, 2026. Among 1,538 Metals & Mining companies, D2 Lithium ranks better than 90.25% on this metric.

As of today (2026-07-28), D2 Lithium's current share price is €0.0105. D2 Lithium's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was €0.08. D2 Lithium's Cyclically Adjusted PB Ratio for today is 0.13.

The historical rank and industry rank for D2 Lithium's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:C2U' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.15
Current: 0.15

During the past years, D2 Lithium's highest Cyclically Adjusted PB Ratio was 0.15. The lowest was 0.00. And the median was 0.00.

FRA:C2U's Cyclically Adjusted PB Ratio is ranked better than
90.25% of 1538 companies
in the Metals & Mining industry
Industry Median: 1.42 vs FRA:C2U: 0.15

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.

D2 Lithium's adjusted book value per share data for the three months ended in Feb. 2026 was €0.083. 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 €0.08 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


D2 Lithium  (FRA:C2U) 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.


D2 Lithium Cyclically Adjusted PB Ratio Related Terms


D2 Lithium Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for D2 Lithium'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.

D2 Lithium Cyclically Adjusted PB Ratio Chart

D2 Lithium Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.80 1.01 0.26 0.12 0.13

D2 Lithium 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 0.14 0.16 0.14 0.13 0.19

D2 Lithium Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, D2 Lithium'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.


D2 Lithium Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, D2 Lithium's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where D2 Lithium's Cyclically Adjusted PB Ratio falls into.



D2 Lithium 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.

D2 Lithium's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0105/0.08
=0.13

* 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.

D2 Lithium's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, D2 Lithium'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)
=0.083/131.0772*131.0772
=0.083

Current CPI (Feb. 2026) = 131.0772.

D2 Lithium Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.221 101.765 0.285
201608 0.217 101.686 0.280
201611 0.228 101.607 0.294
201702 0.227 102.476 0.290
201705 0.200 103.108 0.254
201708 0.193 103.108 0.245
201711 0.232 103.740 0.293
201802 0.213 104.688 0.267
201805 0.203 105.399 0.252
201808 0.193 106.031 0.239
201811 0.185 105.478 0.230
201902 0.181 106.268 0.223
201905 0.172 107.927 0.209
201908 0.169 108.085 0.205
201911 0.175 107.769 0.213
202002 0.174 108.559 0.210
202005 0.163 107.532 0.199
202008 0.160 108.243 0.194
202011 0.136 108.796 0.164
202102 0.138 109.745 0.165
202105 0.144 111.404 0.169
202108 0.142 112.668 0.165
202111 0.063 113.932 0.072
202202 0.106 115.986 0.120
202205 0.108 120.016 0.118
202208 0.108 120.569 0.117
202211 0.079 121.675 0.085
202302 0.072 122.070 0.077
202305 0.067 124.045 0.071
202308 0.065 125.389 0.068
202311 0.046 125.468 0.048
202402 -0.019 125.468 -0.020
202405 -0.020 127.601 -0.021
202408 -0.016 127.838 -0.016
202411 0.098 127.838 0.100
202502 0.097 128.786 0.099
202505 0.089 129.813 0.090
202508 0.085 130.208 0.086
202511 0.086 130.682 0.086
202602 0.083 131.077 0.083

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 0.13 mean?
D2 Lithium (FRA:C2U) has a Cyclically Adjusted PB Ratio of 0.13 as of Jul. 28, 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 D2 Lithium and its competitors. According to the industry distribution chart, D2 Lithium ranks #150 out of 1538 companies in the Metals & Mining industry, placing it in the top 9.8%.
Is D2 Lithium's Cyclically Adjusted PB Ratio too high?
D2 Lithium's current Cyclically Adjusted PB Ratio is 0.13. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.42. D2 Lithium's value of 0.13 is 90.8% below this industry median. Based on the distribution chart, D2 Lithium ranks #150 out of 1538 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does D2 Lithium's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, D2 Lithium ranks #150 out of 1538 companies for Cyclically Adjusted PB Ratio. This places D2 Lithium in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.42. D2 Lithium's value of 0.13 is 90.8% 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 1.42, based on 1,538 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. D2 Lithium's current Cyclically Adjusted PB Ratio of 0.13 is 90.8% 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 D2 Lithium and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D2 Lithium's current Cyclically Adjusted PB Ratio is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D2 Lithium stock overvalued right now?
D2 Lithium (FRA:C2U) has a current Cyclically Adjusted PB Ratio of 0.13. The current Cyclically Adjusted PB Ratio is 0.13 and 90.8% below the Metals & Mining industry median of 1.42. 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 D2 Lithium (FRA:C2U), the current Cyclically Adjusted PB Ratio is 0.13 as of Jul. 28, 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.

D2 Lithium Business Description

Address 8661 - 201st Street, Suite 202, Langley, BC, CAN, V2Y 0G9
D2 Lithium Corp is a Lithium exploration company. The principal business of the company is the identification, evaluation and acquisition of mineral properties, as well as exploration of mineral properties once acquired. It is an exploration stage company and is in the process of acquiring and exploring its mineral property interests. Its projects include the Teels Marsh Lithium Brine Project and the Alkali Springs Valley Lithium Project. Geographically, it operates in Canada and the United States. The company operates in one business segment, mineral exploration.