U.S. Gold (FRA:DTUR) Cyclically Adjusted PB Ratio: 1.92 (As of Aug. 22, 2026) — 19100% Above Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:DTUR U.S. Gold Corp FRA:DTUR
40 GF Score
Price €14.04
! 2 Warning Signs
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What is U.S. Gold Cyclically Adjusted PB Ratio?

U.S. Gold FRA:DTUR -1.82% 40 Cyclically Adjusted PB Ratio is 1.92 as of Aug. 22, 2026, which is 19100% above its 10-year median of 0.01. GuruFocus rates FRA:DTUR with a GF Score™ of 40/100. The stock has 2 warning signs investors should review. Among 1,516 Metals & Mining companies, U.S. Gold ranks worse than 55.41% on this metric.

As of today (2026-08-22), U.S. Gold's current share price is €14.04. U.S. Gold's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €7.31. U.S. Gold's Cyclically Adjusted PB Ratio for today is 1.92.

The historical rank and industry rank for U.S. Gold's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:DTUR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 1.85
Current: 1.85

During the past years, U.S. Gold's highest Cyclically Adjusted PB Ratio was 1.85. The lowest was 0.01. And the median was 0.01.

FRA:DTUR's Cyclically Adjusted PB Ratio is ranked worse than
55.41% of 1516 companies
in the Metals & Mining industry
Industry Median: 1.51 vs FRA:DTUR: 1.85

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.

U.S. Gold's adjusted book value per share data for the three months ended in Apr. 2026 was €2.522. 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 €7.31 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


U.S. Gold  (FRA:DTUR) 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.


U.S. Gold Cyclically Adjusted PB Ratio Related Terms


U.S. Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for U.S. Gold'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.

U.S. Gold Cyclically Adjusted PB Ratio Chart

U.S. Gold Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.15 0.29 1.20 1.86

U.S. Gold Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.20 1.24 2.19 2.28 1.86

FRA:DTUR vs VGZ, BSAI, FTCO: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, U.S. Gold'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.


U.S. Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where U.S. Gold's Cyclically Adjusted PB Ratio falls into.


FRA:DTUR
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U.S. Gold Corp FRA:DTUR
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U.S. Gold 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.

U.S. Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.04/7.31
=1.92

* 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.

U.S. Gold's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, U.S. Gold's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=2.522/333.0200*333.0200
=2.522

Current CPI (Apr. 2026) = 333.0200.

U.S. Gold Quarterly Data

Book Value per Share CPI Adj_Book
201607 17.359 240.628 24.024
201610 15.000 241.729 20.665
201701 15.208 242.839 20.856
201704 87.467 244.524 119.122
201707 5.929 244.786 8.066
201710 5.872 246.663 7.928
201801 6.594 247.867 8.859
201804 5.885 250.546 7.822
201807 5.510 252.006 7.281
201810 4.360 252.885 5.742
201901 3.617 251.712 4.785
201904 3.205 255.548 4.177
201907 3.582 256.571 4.649
201910 3.268 257.346 4.229
202001 3.011 257.971 3.887
202004 3.013 256.389 3.914
202007 2.564 259.101 3.295
202010 5.492 260.388 7.024
202101 4.298 261.582 5.472
202104 3.609 267.054 4.500
202107 3.274 273.003 3.994
202110 2.840 276.589 3.419
202201 2.492 281.148 2.952
202204 2.576 289.109 2.967
202207 2.579 296.276 2.899
202210 2.455 298.012 2.743
202301 2.107 299.170 2.345
202304 1.850 303.363 2.031
202307 1.571 305.691 1.711
202310 1.653 307.671 1.789
202401 1.444 308.417 1.559
202404 1.516 313.548 1.610
202407 1.130 314.540 1.196
202410 0.957 315.664 1.010
202501 1.366 317.671 1.432
202504 0.812 320.795 0.843
202507 1.621 323.048 1.671
202510 1.468 0.000
202601 2.720 325.252 2.785
202604 2.522 333.020 2.522

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 1.92 mean?
U.S. Gold (FRA:DTUR) has a Cyclically Adjusted PB Ratio of 1.92 as of Aug. 22, 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 U.S. Gold and its competitors. This is 19100% above median its historical median of 0.01. Over the past decade, U.S. Gold's Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.85. According to the industry distribution chart, U.S. Gold ranks #840 out of 1516 companies in the Metals & Mining industry, placing it in the top 55.4%.
Is U.S. Gold's Cyclically Adjusted PB Ratio too high?
U.S. Gold's current Cyclically Adjusted PB Ratio of 1.92 is 19100% above median its 10-year median of 0.01. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.85. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. U.S. Gold's value of 1.92 is 27.2% above this industry median. Based on the distribution chart, U.S. Gold ranks #840 out of 1516 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, U.S. Gold has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does U.S. Gold's Cyclically Adjusted PB Ratio compare to VGZ and BSAI?
According to the Metals & Mining industry distribution chart, U.S. Gold ranks #840 out of 1516 companies for Cyclically Adjusted PB Ratio. This places U.S. Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. U.S. Gold's value of 1.92 is 27.2% above this benchmark. Historically, U.S. Gold's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.85 over the past decade. While the company's 10-year median is 0.01 vs. the industry median of 1.51, U.S. Gold 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.51, based on 1,516 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. U.S. Gold's current Cyclically Adjusted PB Ratio of 1.92 is 27.2% 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 U.S. Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. U.S. Gold's current Cyclically Adjusted PB Ratio is 1.92, which is 19100% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U.S. Gold stock overvalued right now?
U.S. Gold (FRA:DTUR) has a current Cyclically Adjusted PB Ratio of 1.92. The current Cyclically Adjusted PB Ratio is 1.92, which is 19100% above median its 10-year median of 0.01 and 27.2% above the Metals & Mining industry median of 1.51. U.S. Gold's overall GF Score™ is 40/100 with 2 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 U.S. Gold (FRA:DTUR), the current Cyclically Adjusted PB Ratio is 1.92 as of Aug. 22, 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.

U.S. Gold Business Description

Other Exchanges USAU:USA0LHW:UK
Address 1910 East Idaho Street, Suite 102-Box 604, Elko, NV, USA, 89801
U.S. Gold Corp is an exploration and development company that owns certain mining leases and other mineral rights comprising the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho.
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