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Kinross Gold (FRA:KIN2) Cyclically Adjusted PB Ratio : 3.04 (As of May. 24, 2025)


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What is Kinross Gold Cyclically Adjusted PB Ratio?

As of today (2025-05-24), Kinross Gold's current share price is €12.95. Kinross Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €4.26. Kinross Gold's Cyclically Adjusted PB Ratio for today is 3.04.

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

FRA:KIN2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.82   Max: 3.15
Current: 3.03

During the past years, Kinross Gold's highest Cyclically Adjusted PB Ratio was 3.15. The lowest was 0.23. And the median was 0.82.

FRA:KIN2's Cyclically Adjusted PB Ratio is ranked worse than
79.43% of 1531 companies
in the Metals & Mining industry
Industry Median: 0.95 vs FRA:KIN2: 3.03

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.

Kinross Gold's adjusted book value per share data for the three months ended in Mar. 2025 was €5.414. 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 €4.26 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinross Gold Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kinross Gold'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.

* Premium members only.

Kinross Gold Cyclically Adjusted PB Ratio Chart

Kinross Gold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.31 1.10 0.86 1.25 2.04

Kinross Gold Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.29 1.75 1.95 2.04 2.72

Competitive Comparison of Kinross Gold's Cyclically Adjusted PB Ratio

For the Gold subindustry, Kinross Gold'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.


Kinross Gold's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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


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Kinross Gold 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.95/4.26
=3.04

* 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.

Kinross Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Kinross Gold's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=5.414/129.1809*129.1809
=5.414

Current CPI (Mar. 2025) = 129.1809.

Kinross Gold Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.709 100.500 4.767
201509 3.660 100.421 4.708
201512 3.114 99.947 4.025
201603 3.026 101.054 3.868
201606 3.055 102.002 3.869
201609 3.070 101.765 3.897
201612 3.156 101.449 4.019
201703 3.224 102.634 4.058
201706 3.086 103.029 3.869
201709 2.947 103.345 3.684
201712 3.106 103.345 3.883
201803 3.028 105.004 3.725
201806 3.159 105.557 3.866
201809 3.123 105.636 3.819
201812 3.169 105.399 3.884
201903 3.244 106.979 3.917
201906 3.321 107.690 3.984
201909 3.452 107.611 4.144
201912 3.818 107.769 4.577
202003 3.841 107.927 4.597
202006 3.957 108.401 4.716
202009 3.929 108.164 4.692
202012 4.309 108.559 5.128
202103 4.466 110.298 5.231
202106 4.486 111.720 5.187
202109 4.519 112.905 5.170
202112 4.680 113.774 5.314
202203 4.457 117.646 4.894
202206 4.552 120.806 4.868
202209 4.853 120.648 5.196
202212 4.499 120.964 4.805
202303 4.479 122.702 4.715
202306 4.510 124.203 4.691
202309 4.625 125.230 4.771
202312 4.544 125.072 4.693
202403 4.605 126.258 4.712
202406 4.777 127.522 4.839
202409 4.872 127.285 4.945
202412 5.331 127.364 5.407
202503 5.414 129.181 5.414

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.


Kinross Gold  (FRA:KIN2) 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.


Kinross Gold Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Kinross Gold's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Kinross Gold Business Description

Address
25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
Kinross Gold is a Canada-based gold producer, producing roughly 2.1 million gold equivalent ounces in 2024. The company had about a decade of gold reserves at the end of 2024. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve.

Kinross Gold Headlines

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