Gold Resource (FRA:GIH) Cyclically Adjusted PB Ratio: 0.65 (As of Jul. 27, 2026) — 23% Below Median

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FRA:GIH Gold Resource Corp FRA:GIH
47 GF Score
Price €0.95
GF Value €0.35
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Gold Resource Cyclically Adjusted PB Ratio?

Gold Resource FRA:GIH 47 Cyclically Adjusted PB Ratio is 0.65 as of Jul. 27, 2026, which is 23% below its 10-year median of 0.84. GuruFocus rates FRA:GIH with a GF Score™ of 47/100 and a GF Value™ of €0.35 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,538 Metals & Mining companies, Gold Resource ranks better than 70.03% on this metric.

As of today (2026-07-27), Gold Resource's current share price is €0.949. Gold Resource's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.46. Gold Resource's Cyclically Adjusted PB Ratio for today is 0.65.

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

FRA:GIH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.84   Max: 4.95
Current: 0.59

During the past years, Gold Resource's highest Cyclically Adjusted PB Ratio was 4.95. The lowest was 0.07. And the median was 0.84.

FRA:GIH's Cyclically Adjusted PB Ratio is ranked better than
70.03% of 1538 companies
in the Metals & Mining industry
Industry Median: 1.415 vs FRA:GIH: 0.59

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.

Gold Resource's adjusted book value per share data for the three months ended in Mar. 2026 was €0.261. 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 €1.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gold Resource  (FRA:GIH) 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.


Gold Resource Cyclically Adjusted PB Ratio Related Terms


Gold Resource Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gold Resource'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.

Gold Resource Cyclically Adjusted PB Ratio Chart

Gold Resource 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 0.75 0.72 0.18 0.11 0.45

Gold Resource 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 0.26 0.31 0.42 0.45 0.66

FRA:GIH vs LODE, THMG, ACRG: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Gold Resource'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.


Gold Resource Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


FRA:GIH
47GF Score
Gold Resource Corp FRA:GIH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gold Resource 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.

Gold Resource's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.949/1.46
=0.65

* 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.

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

For example, Gold Resource'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)
=0.261/330.2130*330.2130
=0.261

Current CPI (Mar. 2026) = 330.2130.

Gold Resource Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.561 241.018 2.139
201609 1.753 241.428 2.398
201612 1.794 241.432 2.454
201703 1.845 243.801 2.499
201706 1.768 244.955 2.383
201709 1.736 246.819 2.323
201712 1.664 246.524 2.229
201803 1.668 249.554 2.207
201806 1.818 251.989 2.382
201809 1.811 252.439 2.369
201812 1.901 251.233 2.499
201903 2.003 254.202 2.602
201906 2.083 256.143 2.685
201909 2.187 256.759 2.813
201912 2.165 256.974 2.782
202003 2.148 258.115 2.748
202006 2.085 257.797 2.671
202009 2.080 260.280 2.639
202012 1.001 260.474 1.269
202103 1.043 264.877 1.300
202106 1.039 271.696 1.263
202109 1.074 274.310 1.293
202112 1.210 278.802 1.433
202203 1.272 287.504 1.461
202206 1.349 296.311 1.503
202209 1.321 296.808 1.470
202212 1.194 296.797 1.328
202303 1.172 301.836 1.282
202306 1.113 305.109 1.205
202309 1.052 307.789 1.129
202312 0.832 306.746 0.896
202403 0.961 312.332 1.016
202406 0.675 314.175 0.709
202409 0.552 315.301 0.578
202412 0.273 315.605 0.286
202503 0.189 319.799 0.195
202506 0.122 322.561 0.125
202509 0.137 324.800 0.139
202512 0.232 324.054 0.236
202603 0.261 330.213 0.261

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 0.65 mean?
Gold Resource (FRA:GIH) has a Cyclically Adjusted PB Ratio of 0.65 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 Gold Resource and its competitors. This is 23% below median its historical median of 0.84. Over the past decade, Gold Resource's Cyclically Adjusted PB Ratio has ranged from 0.07 to 4.95. According to the industry distribution chart, Gold Resource ranks #461 out of 1538 companies in the Metals & Mining industry, placing it in the top 30%.
Is Gold Resource's Cyclically Adjusted PB Ratio too high?
Gold Resource's current Cyclically Adjusted PB Ratio of 0.65 is 23% below median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 4.95. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.42. Gold Resource's value of 0.65 is 54.1% below this industry median. Based on the distribution chart, Gold Resource ranks #461 out of 1538 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Gold Resource has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gold Resource's Cyclically Adjusted PB Ratio compare to LODE and THMG?
According to the Metals & Mining industry distribution chart, Gold Resource ranks #461 out of 1538 companies for Cyclically Adjusted PB Ratio. This puts Gold Resource in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Gold Resource's value of 0.65 is 54.1% below this benchmark. Historically, Gold Resource's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 4.95 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.42, Gold Resource has consistently been below 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 1.42, 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. Gold Resource's current Cyclically Adjusted PB Ratio of 0.65 is 54.1% 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 Gold Resource 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. Gold Resource's current Cyclically Adjusted PB Ratio is 0.65, which is 23% below median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Resource stock overvalued right now?
Based on GuruFocus' analysis, Gold Resource (FRA:GIH) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.35, compared to a current price of €0.95 — trading 171.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.65, which is 23% below median its 10-year median of 0.84 and 54.1% below the Metals & Mining industry median of 1.42. Gold Resource's overall GF Score™ is 47/100 with 3 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 Gold Resource (FRA:GIH), the current Cyclically Adjusted PB Ratio is 0.65 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.

Is Gold Resource (FRA:GIH) Overvalued in 2026?

Based on GuruFocus' analysis, Gold Resource stock appears to be overvalued. The current stock price of €0.95 is trading 171.1% above its estimated GF Value™ of €0.35. GuruFocus considers Gold Resource to be Significantly Overvalued.

Key valuation signals for FRA:GIH:

  • Cyclically Adjusted PB Ratio: 0.65 (23% below median its 10-year median of 0.84)
  • GF Value™: €0.35 vs. price of €0.95 (171.1% above fair value)
  • GF Score™: 47/100 with 3 warning signs
  • Industry Position: 54.1% below the Metals & Mining median (#461 of 1538)

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


Gold Resource Business Description

Other Exchanges GORO:USA0IYS:UKGIH:Germany
Address 7900 East Union Avenue, Suite 320, Denver, CO, USA, 80237
Gold Resource Corp is a producer of metal concentrates that contain gold, silver, copper, lead, and zinc in Oaxaca, Mexico. . It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America. The Company has two reporting segments, based on geographic regions. Oaxaca, Mexico represents the Companies only operating segment with a production stage property. The Companies other reporting segment is Michigan, U.S.A., with an exploration stage property.
47GF Score

Get the complete analysis for FRA:GIH

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

€0.95
Price
€0.35
GF Value