Azarga Metals (FRA:TGP) Cyclically Adjusted PB Ratio: 0.37 (As of Jul. 31, 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:TGP Azarga Metals Corp FRA:TGP
35 GF Score
Price €0.07
! 2 Warning Signs
View Full Analysis

What is Azarga Metals Cyclically Adjusted PB Ratio?

Azarga Metals FRA:TGP +8.46% 35 Cyclically Adjusted PB Ratio is 0.37 as of Jul. 31, 2026. GuruFocus rates FRA:TGP with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 1,535 Metals & Mining companies, Azarga Metals ranks better than 77.39% on this metric.

As of today (2026-07-31), Azarga Metals's current share price is €0.0705. Azarga Metals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.19. Azarga Metals's Cyclically Adjusted PB Ratio for today is 0.37.

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

FRA:TGP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.41
Current: 0.41

During the past years, Azarga Metals's highest Cyclically Adjusted PB Ratio was 0.41. The lowest was 0.00. And the median was 0.00.

FRA:TGP's Cyclically Adjusted PB Ratio is ranked better than
77.39% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs FRA:TGP: 0.41

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.

Azarga Metals's adjusted book value per share data for the three months ended in Mar. 2026 was €0.015. 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 €0.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Azarga Metals  (FRA:TGP) 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.


Azarga Metals Cyclically Adjusted PB Ratio Related Terms


Azarga Metals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Azarga Metals'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.

Azarga Metals Cyclically Adjusted PB Ratio Chart

Azarga Metals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.11 0.00 0.16 0.39

Azarga Metals 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 0.17 0.35 0.39 0.41 0.46

Azarga Metals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Azarga Metals'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.


Azarga Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


FRA:TGP
35GF Score
Azarga Metals Corp FRA:TGP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azarga Metals 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.

Azarga Metals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0705/0.19
=0.37

* 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.

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

For example, Azarga Metals'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)
=0.015/132.2623*132.2623
=0.015

Current CPI (Mar. 2026) = 132.2623.

Azarga Metals Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.522 102.002 0.677
201609 0.479 101.765 0.623
201612 0.399 101.449 0.520
201703 0.299 102.634 0.385
201706 0.258 103.029 0.331
201709 0.236 103.345 0.302
201712 0.206 103.345 0.264
201803 0.458 105.004 0.577
201806 0.457 105.557 0.573
201809 0.444 105.636 0.556
201812 0.425 105.399 0.533
201903 0.423 106.979 0.523
201906 0.437 107.690 0.537
201909 0.400 107.611 0.492
201912 0.372 107.769 0.457
202003 0.247 107.927 0.303
202006 0.190 108.401 0.232
202009 0.194 108.164 0.237
202012 0.167 108.559 0.203
202103 0.190 110.298 0.228
202106 0.181 111.720 0.214
202109 0.147 112.905 0.172
202112 0.143 113.774 0.166
202203 -0.309 117.646 -0.347
202206 -0.044 120.806 -0.048
202209 -0.053 120.648 -0.058
202212 -0.054 120.964 -0.059
202303 -0.053 122.702 -0.057
202306 -0.058 124.203 -0.062
202309 0.000 125.230 0.000
202312 -0.002 125.072 -0.002
202403 0.001 126.258 0.001
202406 -0.001 127.522 -0.001
202409 -0.003 127.285 -0.003
202412 -0.004 127.364 -0.004
202503 0.011 129.181 0.011
202506 0.009 129.892 0.009
202509 0.008 130.287 0.008
202512 0.007 130.366 0.007
202603 0.015 132.262 0.015

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 0.37 mean?
Azarga Metals (FRA:TGP) has a Cyclically Adjusted PB Ratio of 0.37 as of Jul. 31, 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 Azarga Metals and its competitors. According to the industry distribution chart, Azarga Metals ranks #347 out of 1535 companies in the Metals & Mining industry, placing it in the top 22.6%.
Is Azarga Metals' Cyclically Adjusted PB Ratio too high?
Azarga Metals' current Cyclically Adjusted PB Ratio is 0.37. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Azarga Metals' value of 0.37 is 73.6% below this industry median. Based on the distribution chart, Azarga Metals ranks #347 out of 1535 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Azarga Metals has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Azarga Metals' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Azarga Metals ranks #347 out of 1535 companies for Cyclically Adjusted PB Ratio. This places Azarga Metals in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.40. Azarga Metals' value of 0.37 is 73.6% 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 1.40, 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. Azarga Metals's current Cyclically Adjusted PB Ratio of 0.37 is 73.6% 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 Azarga Metals 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. Azarga Metals's current Cyclically Adjusted PB Ratio is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azarga Metals stock overvalued right now?
Azarga Metals (FRA:TGP) has a current Cyclically Adjusted PB Ratio of 0.37. The current Cyclically Adjusted PB Ratio is 0.37 and 73.6% below the Metals & Mining industry median of 1.40. Azarga Metals' overall GF Score™ is 35/100 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 Azarga Metals (FRA:TGP), the current Cyclically Adjusted PB Ratio is 0.37 as of Jul. 31, 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.

Azarga Metals Business Description

Other Exchanges EUUNF:USAAZR:Canada
Address 15782 Marine Drive, Unit 1, White Rock, BC, CAN, V4B 1E6
Azarga Metals Corp is engaged in the exploration and, if warranted, development of mineral resource projects in Canada. Its project portfolio comprises the Marg project, located in the Yukon territory of Canada.
35GF Score

Get the complete analysis for FRA:TGP

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

€0.07
Price