Trailbreaker Resources (FRA:KCG) Cyclically Adjusted PB Ratio: 0.42 (As of Sep. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:KCG Trailbreaker Resources Ltd FRA:KCG
38 GF Score
Price €0.27
View Full Analysis

What is Trailbreaker Resources Cyclically Adjusted PB Ratio?

Trailbreaker Resources FRA:KCG +5.38% 38 Cyclically Adjusted PB Ratio is 0.42 as of Sep. 07, 2026. GuruFocus rates FRA:KCG with a GF Score™ of 38/100. Among 1,499 Metals & Mining companies, Trailbreaker Resources ranks better than 77.99% on this metric.

As of today (2026-09-07), Trailbreaker Resources's current share price is €0.274. Trailbreaker Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.66. Trailbreaker Resources's Cyclically Adjusted PB Ratio for today is 0.42.

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

FRA:KCG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.42
Current: 0.42

During the past years, Trailbreaker Resources's highest Cyclically Adjusted PB Ratio was 0.42. The lowest was 0.00. And the median was 0.00.

FRA:KCG's Cyclically Adjusted PB Ratio is ranked better than
77.99% of 1499 companies
in the Metals & Mining industry
Industry Median: 1.56 vs FRA:KCG: 0.42

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.

Trailbreaker Resources's adjusted book value per share data for the three months ended in Jun. 2026 was €0.108. 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 €0.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trailbreaker Resources  (FRA:KCG) 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.


Trailbreaker Resources Cyclically Adjusted PB Ratio Related Terms


Trailbreaker Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trailbreaker Resources'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.

Trailbreaker Resources Cyclically Adjusted PB Ratio Chart

Trailbreaker Resources 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 0.07 0.05 0.29 0.20 0.25

Trailbreaker Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 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 0.20 0.27 0.32 0.25 0.31

FRA:KCG vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Trailbreaker Resources'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.


Trailbreaker Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


FRA:KCG
38GF Score
Trailbreaker Resources Ltd FRA:KCG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trailbreaker Resources 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.

Trailbreaker Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.274/0.66
=0.42

* 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.

Trailbreaker Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Trailbreaker Resources'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)
=0.108/133.5265*133.5265
=0.108

Current CPI (Jun. 2026) = 133.5265.

Trailbreaker Resources Quarterly Data

Book Value per Share CPI Adj_Book
201603 1.161 101.054 1.534
201606 1.190 102.002 1.558
201609 1.232 101.765 1.617
201612 1.125 101.449 1.481
201703 1.071 102.634 1.393
201706 1.375 103.029 1.782
201709 1.392 103.345 1.799
201712 1.352 103.345 1.747
201803 1.269 105.004 1.614
201806 1.307 105.557 1.653
201809 1.081 105.636 1.366
201812 1.031 105.399 1.306
201903 1.035 106.979 1.292
201906 1.035 107.690 1.283
201909 1.060 107.611 1.315
201912 0.884 107.769 1.095
202003 0.786 107.927 0.972
202006 0.790 108.401 0.973
202009 0.774 108.164 0.955
202012 0.255 108.559 0.314
202103 0.252 110.298 0.305
202106 0.248 111.720 0.296
202109 0.236 112.905 0.279
202112 0.270 113.774 0.317
202203 0.269 117.646 0.305
202206 0.265 120.806 0.293
202209 0.287 120.648 0.318
202212 0.252 120.964 0.278
202303 0.184 122.702 0.200
202306 0.155 124.203 0.167
202309 0.121 125.230 0.129
202312 0.071 125.072 0.076
202403 0.066 126.258 0.070
202406 0.104 127.522 0.109
202409 0.099 127.285 0.104
202412 0.098 127.364 0.103
202503 0.093 129.181 0.096
202506 0.090 129.892 0.093
202512 0.078 130.366 0.080
202606 0.108 133.527 0.108

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 0.42 mean?
Trailbreaker Resources (FRA:KCG) has a Cyclically Adjusted PB Ratio of 0.42 as of Sep. 07, 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 Trailbreaker Resources and its competitors. According to the industry distribution chart, Trailbreaker Resources ranks #330 out of 1499 companies in the Metals & Mining industry, placing it in the top 22%.
Is Trailbreaker Resources' Cyclically Adjusted PB Ratio too high?
Trailbreaker Resources' current Cyclically Adjusted PB Ratio is 0.42. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.56. Trailbreaker Resources' value of 0.42 is 73.1% below this industry median. Based on the distribution chart, Trailbreaker Resources ranks #330 out of 1499 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Trailbreaker Resources has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Trailbreaker Resources' Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Trailbreaker Resources ranks #330 out of 1499 companies for Cyclically Adjusted PB Ratio. This places Trailbreaker Resources in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.56. Trailbreaker Resources' value of 0.42 is 73.1% 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 1.56, based on 1,499 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. Trailbreaker Resources's current Cyclically Adjusted PB Ratio of 0.42 is 73.1% 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 Trailbreaker Resources and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trailbreaker Resources's current Cyclically Adjusted PB Ratio is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trailbreaker Resources stock overvalued right now?
Trailbreaker Resources (FRA:KCG) has a current Cyclically Adjusted PB Ratio of 0.42. The current Cyclically Adjusted PB Ratio is 0.42 and 73.1% below the Metals & Mining industry median of 1.56. Trailbreaker Resources' overall GF Score™ is 38/100. 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 Trailbreaker Resources (FRA:KCG), the current Cyclically Adjusted PB Ratio is 0.42 as of Sep. 07, 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.

Trailbreaker Resources Business Description

Other Exchanges APRAF:USATBK:Canada
Address 650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N9
Trailbreaker Resources Ltd Company is a mineral exploration company focusing on acquiring and developing exploration and evaluation assets.
38GF Score

Get the complete analysis for FRA:KCG

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

€0.27
Price