Zijin Mining Group Co (FRA:FJZ) Cyclically Adjusted PB Ratio: 9.90 (As of Aug. 03, 2026) — 76% Above Median

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FRA:FJZ Zijin Mining Group Co Ltd FRA:FJZ
89 GF Score
Price €3.56
GF Value €2.57
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Zijin Mining Group Co Cyclically Adjusted PB Ratio?

Zijin Mining Group Co FRA:FJZ -0.13% 89 Cyclically Adjusted PB Ratio is 9.90 as of Aug. 03, 2026, which is 76% above its 10-year median of 5.61. GuruFocus rates FRA:FJZ with a GF Score™ of 89/100 and a GF Value™ of €2.57 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,535 Metals & Mining companies, Zijin Mining Group Co ranks worse than 92.25% on this metric.

As of today (2026-08-03), Zijin Mining Group Co's current share price is €3.563. Zijin Mining Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.36. Zijin Mining Group Co's Cyclically Adjusted PB Ratio for today is 9.90.

The historical rank and industry rank for Zijin Mining Group Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:FJZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.22   Med: 5.61   Max: 13.61
Current: 10.58

During the past years, Zijin Mining Group Co's highest Cyclically Adjusted PB Ratio was 13.61. The lowest was 2.22. And the median was 5.61.

FRA:FJZ's Cyclically Adjusted PB Ratio is ranked worse than
92.25% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs FRA:FJZ: 10.58

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.

Zijin Mining Group Co's adjusted book value per share data for the three months ended in Mar. 2026 was €0.946. 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 €0.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zijin Mining Group Co  (FRA:FJZ) 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.


Zijin Mining Group Co Cyclically Adjusted PB Ratio Related Terms


Zijin Mining Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zijin Mining Group Co'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.

Zijin Mining Group Co Cyclically Adjusted PB Ratio Chart

Zijin Mining Group Co 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 5.67 5.25 5.84 6.12 11.69

Zijin Mining Group Co 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 7.04 7.31 10.50 11.69 10.51

FRA:FJZ vs NEM, AU, RGLD: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Zijin Mining Group Co'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.


Zijin Mining Group Co Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Zijin Mining Group Co's Cyclically Adjusted PB Ratio falls into.


FRA:FJZ
89GF Score
Zijin Mining Group Co Ltd FRA:FJZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zijin Mining Group Co 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.

Zijin Mining Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.563/0.36
=9.90

* 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.

Zijin Mining Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Zijin Mining Group Co'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)
=0.946/116.3033*116.3033
=0.946

Current CPI (Mar. 2026) = 116.3033.

Zijin Mining Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.167 101.400 0.192
201609 0.166 102.400 0.189
201612 0.177 102.600 0.201
201703 0.172 103.200 0.194
201706 0.200 103.100 0.226
201709 0.190 104.100 0.212
201712 0.196 104.500 0.218
201803 0.198 105.300 0.219
201806 0.201 104.900 0.223
201809 0.194 106.600 0.212
201812 0.224 106.500 0.245
201903 0.238 107.700 0.257
201906 0.228 107.700 0.246
201909 0.209 109.800 0.221
201912 0.259 111.200 0.271
202003 0.252 112.300 0.261
202006 0.249 110.400 0.262
202009 0.258 111.700 0.269
202012 0.280 111.500 0.292
202103 0.298 112.662 0.308
202106 0.328 111.769 0.341
202109 0.352 112.215 0.365
202112 0.375 113.108 0.386
202203 0.427 114.335 0.434
202206 0.416 114.558 0.422
202209 0.461 115.339 0.465
202212 0.457 115.116 0.462
202303 0.493 115.116 0.498
202306 0.484 114.558 0.491
202309 0.504 115.339 0.508
202312 0.524 114.781 0.531
202403 0.566 115.227 0.571
202406 0.609 114.781 0.617
202409 0.643 115.785 0.646
202412 0.690 114.893 0.698
202503 0.701 115.116 0.708
202506 0.645 114.907 0.653
202509 0.762 115.471 0.767
202512 0.846 115.832 0.849
202603 0.946 116.303 0.946

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 9.90 mean?
Zijin Mining Group Co (FRA:FJZ) has a Cyclically Adjusted PB Ratio of 9.90 as of Aug. 03, 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 Zijin Mining Group Co and its competitors. This is 76% above median its historical median of 5.61. Over the past decade, Zijin Mining Group Co's Cyclically Adjusted PB Ratio has ranged from 2.22 to 13.61. According to the industry distribution chart, Zijin Mining Group Co ranks #1416 out of 1535 companies in the Metals & Mining industry, placing it in the top 92.2%.
Is Zijin Mining Group Co's Cyclically Adjusted PB Ratio too high?
Zijin Mining Group Co's current Cyclically Adjusted PB Ratio of 9.90 is 76% above median its 10-year median of 5.61. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 13.61. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Zijin Mining Group Co's value of 9.90 is 607.1% above this industry median. Based on the distribution chart, Zijin Mining Group Co ranks #1416 out of 1535 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Zijin Mining Group Co has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zijin Mining Group Co's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zijin Mining Group Co ranks #1416 out of 1535 companies for Cyclically Adjusted PB Ratio. This places Zijin Mining Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Zijin Mining Group Co's value of 9.90 is 607.1% above this benchmark. Historically, Zijin Mining Group Co's own Cyclically Adjusted PB Ratio has ranged from 2.22 to 13.61 over the past decade. While the company's 10-year median is 5.61 vs. the industry median of 1.40, Zijin Mining Group Co 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 1.40, based on 1,535 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. Zijin Mining Group Co's current Cyclically Adjusted PB Ratio of 9.90 is 607.1% 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 Zijin Mining Group Co and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zijin Mining Group Co's current Cyclically Adjusted PB Ratio is 9.90, which is 76% above median its own 10-year median of 5.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zijin Mining Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zijin Mining Group Co (FRA:FJZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.57, compared to a current price of €3.56 — trading 38.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.90, which is 76% above median its 10-year median of 5.61 and 607.1% above the Metals & Mining industry median of 1.40. Zijin Mining Group Co's overall GF Score™ is 89/100 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 Zijin Mining Group Co (FRA:FJZ), the current Cyclically Adjusted PB Ratio is 9.90 as of Aug. 03, 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 Zijin Mining Group Co (FRA:FJZ) Overvalued in 2026?

Based on GuruFocus' analysis, Zijin Mining Group Co stock appears to be overvalued. The current stock price of €3.56 is trading 38.6% above its estimated GF Value™ of €2.57. GuruFocus considers Zijin Mining Group Co to be Significantly Overvalued.

Key valuation signals for FRA:FJZ:

  • Cyclically Adjusted PB Ratio: 9.90 (76% above median its 10-year median of 5.61)
  • GF Value™: €2.57 vs. price of €3.56 (38.6% above fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 607.1% above the Metals & Mining median (#1416 of 1535)

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


Zijin Mining Group Co Business Description

Address No.1 Zijin Road, Zijin Tower, Fujian Province, Shanghang County, Longyan, CHN, 364200
Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes mining products segment; refined products segment; trading; and others. It generates maximum revenue from the Refined products segment. The products of refined products segment are refined copper, refined, processed gold and silver, refined zinc bullion, and sulphuric acid. Geographically, the majority is derived from Mainland China.
89GF Score

Get the complete analysis for FRA:FJZ

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

€3.56
Price
€2.57
GF Value