Transatlantic Mining (FRA:TMSA) Cyclically Adjusted PB Ratio: (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Transatlantic Mining Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Transatlantic Mining  (FRA:TMSA) 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.


Transatlantic Mining Cyclically Adjusted PB Ratio Related Terms


Transatlantic Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transatlantic Mining'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.

Transatlantic Mining Cyclically Adjusted PB Ratio Chart

Transatlantic Mining 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 0.14 0.15 1.48 17.93 0.00

Transatlantic Mining 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 0.00 36.58 0.00 0.00 43.38

Transatlantic Mining Cyclically Adjusted PB Ratio Competitor Comparison

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


Transatlantic Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Transatlantic Mining 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.

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

For example, Transatlantic Mining'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)
=-0.005/132.2623*132.2623
=-0.005

Current CPI (Mar. 2026) = 132.2623.

Transatlantic Mining Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.057 102.002 -0.074
201609 0.048 101.765 0.062
201612 -0.017 101.449 -0.022
201703 -0.059 102.634 -0.076
201706 -0.078 103.029 -0.100
201709 0.009 103.345 0.012
201712 0.004 103.345 0.005
201803 -0.002 105.004 -0.003
201806 -0.004 105.557 -0.005
201809 -0.007 105.636 -0.009
201812 -0.004 105.399 -0.005
201903 -0.006 106.979 -0.007
201906 -0.007 107.690 -0.009
201909 -0.011 107.611 -0.014
201912 -0.013 107.769 -0.016
202003 -0.019 107.927 -0.023
202006 -0.020 108.401 -0.024
202009 0.052 108.164 0.064
202012 0.044 108.559 0.054
202103 0.038 110.298 0.046
202106 0.038 111.720 0.045
202109 0.039 112.905 0.046
202112 0.033 113.774 0.038
202203 0.032 117.646 0.036
202206 0.022 120.806 0.024
202209 0.013 120.648 0.014
202212 0.004 120.964 0.004
202303 0.001 122.702 0.001
202306 0.000 124.203 0.000
202309 -0.005 125.230 -0.005
202312 -0.002 125.072 -0.002
202403 -0.003 126.258 -0.003
202406 -0.004 127.522 -0.004
202409 -0.002 127.285 -0.002
202412 -0.005 127.364 -0.005
202503 0.000 129.181 0.000
202506 0.002 129.892 0.002
202509 0.000 130.287 0.000
202512 -0.003 130.366 -0.003
202603 -0.005 132.262 -0.005

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.


Transatlantic Mining Business Description

Other Exchanges TCO:Canada
Address 837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6
Transatlantic Mining Corp is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. It has property interests including approximately 80% Joint Venture position on the Monitor Copper-Gold project in Montana-Idaho (USA) and 100 % of the Golden Jubilee Gold Project with its associated mining rights also entered into a Lease Agreement for a parcel of St. Lawrence Property on the Montana/Idaho border. The company has an extended lease, right to mine and purchase arrangement for the Miller Gold Mine in Montana to 100% ownership by way of payment royalty.