Zijin Mining Group Co (FRA:FJZB) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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FRA:FJZB Zijin Mining Group Co Ltd FRA:FJZB
86 GF Score
Price €71.50
GF Value €53.76
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Zijin Mining Group Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zijin Mining Group Co  (FRA:FJZB) 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 0.99 0.93 0.88 0.88 1.75

Zijin Mining Group Co 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 1.09 1.85 1.91 1.81 1.47

FRA:FJZB 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:FJZB
86GF Score
Zijin Mining Group Co Ltd FRA:FJZB
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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Zijin Mining Group Co'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)
=115.878/116.0564*116.0564
=115.878

Current CPI (Jun. 2026) = 116.0564.

Zijin Mining Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.142 102.400 16.028
201612 14.799 102.600 16.740
201703 15.409 103.200 17.329
201706 16.443 103.100 18.509
201709 16.510 104.100 18.406
201712 16.560 104.500 18.391
201803 16.955 105.300 18.687
201806 16.775 104.900 18.559
201809 16.473 106.600 17.934
201812 18.784 106.500 20.470
201903 19.498 107.700 21.011
201906 18.735 107.700 20.189
201909 19.145 109.800 20.236
201912 23.227 111.200 24.241
202003 24.007 112.300 24.810
202006 23.904 110.400 25.129
202009 28.229 111.700 29.330
202012 30.545 111.500 31.793
202103 33.512 112.662 34.522
202106 40.227 111.769 41.770
202109 40.845 112.215 42.243
202112 44.684 113.108 45.849
202203 50.125 114.335 50.880
202206 55.321 114.558 56.045
202209 60.020 115.339 60.393
202212 58.480 115.116 58.958
202303 61.096 115.116 61.595
202306 58.981 114.558 59.753
202309 61.106 115.339 61.486
202312 61.569 114.781 62.253
202403 66.292 115.227 66.769
202406 67.880 114.781 68.634
202409 71.939 115.785 72.108
202412 77.818 114.893 78.606
202503 78.483 115.116 79.124
202506 75.546 114.907 76.301
202509 89.979 115.471 90.435
202512 100.268 115.832 100.462
202603 110.880 116.303 110.645
202606 115.878 116.056 115.878

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.

Is Zijin Mining Group Co (FRA:FJZB) Overvalued in 2026?

Based on GuruFocus' analysis, Zijin Mining Group Co stock appears to be overvalued. The current stock price of €71.50 is trading 33% above its estimated GF Value™ of €53.76. GuruFocus considers Zijin Mining Group Co to be Significantly Overvalued.

Key valuation signals for FRA:FJZB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €53.76 vs. price of €71.50 (33% above fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the FRA:FJZB 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.
86GF Score

Get the complete analysis for FRA:FJZB

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

€71.50
Price
€53.76
GF Value