Foremost Clean Energy (FRA:F0R) Cyclically Adjusted PB Ratio: 0.96 (As of Jul. 27, 2026)

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FRA:F0R Foremost Clean Energy Ltd FRA:F0R
34 GF Score
Price €1.31
! 1 Warning Sign
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What is Foremost Clean Energy Cyclically Adjusted PB Ratio?

Foremost Clean Energy FRA:F0R -1.94% 34 Cyclically Adjusted PB Ratio is 0.96 as of Jul. 27, 2026. GuruFocus rates FRA:F0R with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 1,538 Metals & Mining companies, Foremost Clean Energy ranks better than 60.4% on this metric.

As of today (2026-07-27), Foremost Clean Energy's current share price is €1.312. Foremost Clean Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.37. Foremost Clean Energy's Cyclically Adjusted PB Ratio for today is 0.96.

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

FRA:F0R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.92
Current: 0.92

During the past years, Foremost Clean Energy's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.00. And the median was 0.00.

FRA:F0R's Cyclically Adjusted PB Ratio is ranked better than
60.4% of 1538 companies
in the Metals & Mining industry
Industry Median: 1.415 vs FRA:F0R: 0.92

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.

Foremost Clean Energy's adjusted book value per share data for the three months ended in Mar. 2026 was €1.375. 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 €1.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Foremost Clean Energy  (FRA:F0R) 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.


Foremost Clean Energy Cyclically Adjusted PB Ratio Related Terms


Foremost Clean Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Foremost Clean Energy'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.

Foremost Clean Energy Cyclically Adjusted PB Ratio Chart

Foremost Clean Energy Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.37 5.00 1.68 0.54 0.97

Foremost Clean Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.54 1.96 1.72 1.21 0.97

Foremost Clean Energy Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Foremost Clean Energy'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.


Foremost Clean Energy Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Foremost Clean Energy's Cyclically Adjusted PB Ratio falls into.


FRA:F0R
34GF Score
Foremost Clean Energy Ltd FRA:F0R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Foremost Clean Energy 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.

Foremost Clean Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.312/1.37
=0.96

* 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.

Foremost Clean Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Foremost Clean Energy's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.375/132.2623*132.2623
=1.375

Current CPI (Mar. 2026) = 132.2623.

Foremost Clean Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.647 102.002 0.839
201609 0.616 101.765 0.801
201612 0.709 101.449 0.924
201703 0.685 102.634 0.883
201706 1.051 103.029 1.349
201709 1.387 103.345 1.775
201712 1.638 103.345 2.096
201803 2.033 105.004 2.561
201806 2.062 105.557 2.584
201809 1.964 105.636 2.459
201812 1.854 105.399 2.327
201903 1.797 106.979 2.222
201906 1.673 107.690 2.055
201909 1.654 107.611 2.033
201912 1.579 107.769 1.938
202003 1.249 107.927 1.531
202006 1.257 108.401 1.534
202009 1.172 108.164 1.433
202012 1.186 108.559 1.445
202103 1.238 110.298 1.485
202106 1.264 111.720 1.496
202109 1.236 112.905 1.448
202112 1.276 113.774 1.483
202203 1.340 117.646 1.506
202206 1.457 120.806 1.595
202209 1.439 120.648 1.578
202212 1.876 120.964 2.051
202303 1.786 122.702 1.925
202306 1.737 124.203 1.850
202309 1.935 125.230 2.044
202312 1.833 125.072 1.938
202403 1.724 126.258 1.806
202406 1.696 127.522 1.759
202409 1.496 127.285 1.555
202412 1.695 127.364 1.760
202503 1.514 129.181 1.550
202506 1.559 129.892 1.587
202509 1.472 130.287 1.494
202512 1.466 130.366 1.487
202603 1.375 132.262 1.375

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 0.96 mean?
Foremost Clean Energy (FRA:F0R) has a Cyclically Adjusted PB Ratio of 0.96 as of Jul. 27, 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 Foremost Clean Energy and its competitors. According to the industry distribution chart, Foremost Clean Energy ranks #609 out of 1538 companies in the Metals & Mining industry, placing it in the top 39.6%.
Is Foremost Clean Energy's Cyclically Adjusted PB Ratio too high?
Foremost Clean Energy's current Cyclically Adjusted PB Ratio is 0.96. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.42. Foremost Clean Energy's value of 0.96 is 32.2% below this industry median. Based on the distribution chart, Foremost Clean Energy ranks #609 out of 1538 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Foremost Clean Energy has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Foremost Clean Energy's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Foremost Clean Energy ranks #609 out of 1538 companies for Cyclically Adjusted PB Ratio. This puts Foremost Clean Energy in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Foremost Clean Energy's value of 0.96 is 32.2% 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. Foremost Clean Energy's current Cyclically Adjusted PB Ratio of 0.96 is 32.2% 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 Foremost Clean Energy 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. Foremost Clean Energy's current Cyclically Adjusted PB Ratio is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foremost Clean Energy stock overvalued right now?
Foremost Clean Energy (FRA:F0R) has a current Cyclically Adjusted PB Ratio of 0.96. The current Cyclically Adjusted PB Ratio is 0.96 and 32.2% below the Metals & Mining industry median of 1.42. Foremost Clean Energy's overall GF Score™ is 34/100 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 Foremost Clean Energy (FRA:F0R), the current Cyclically Adjusted PB Ratio is 0.96 as of Jul. 27, 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.

Foremost Clean Energy Business Description

Address 750 West Pender Street, Suite 250, Vancouver, BC, CAN, V7Y 1K3
Foremost Clean Energy Ltd is an emerging North American uranium and lithium exploration company. Its uranium portfolio consists of projects at different stages of exploration from grassroots, to those with historical exploration and drill-ready targets. It also maintains a secondary portfolio of lithium projects at different stages of development spanning 50,000-plus acres across Manitoba and Quebec. Geographically it covers Canada and United states.
34GF Score

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

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