Western Resources (FRA:WR0) Cyclically Adjusted PB Ratio: 0.03 (As of Jul. 26, 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.

What is Western Resources Cyclically Adjusted PB Ratio?

Western Resources FRA:WR0 Cyclically Adjusted PB Ratio is 0.03 as of Jul. 26, 2026.

As of today (2026-07-26), Western Resources's current share price is €0.023. Western Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €0.74. Western Resources's Cyclically Adjusted PB Ratio for today is 0.03.

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

FRA:WR0's Cyclically Adjusted PB Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 1.41
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Western Resources's adjusted book value per share data for the three months ended in Jun. 2024 was €0.403. 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 €0.74 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Resources  (FRA:WR0) 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.


Western Resources Cyclically Adjusted PB Ratio Related Terms


Western Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Western 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.

Western Resources Cyclically Adjusted PB Ratio Chart

Western Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.12 0.13 0.17 0.14

Western Resources Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.21 0.14 0.12 0.10 0.06

FRA:WR0 vs SVBL, BLTH, LBSR: Cyclically Adjusted PB Ratio Comparison

For the Other Industrial Metals & Mining subindustry, Western 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.


Western Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Western 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.023/0.74
=0.03

* 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.

Western Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Western Resources's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.403/127.5217*127.5217
=0.403

Current CPI (Jun. 2024) = 127.5217.

Western Resources Quarterly Data

Book Value per Share CPI Adj_Book
201409 1.051 99.394 1.348
201412 1.034 98.367 1.340
201503 1.062 99.789 1.357
201506 1.026 100.500 1.302
201509 0.913 100.421 1.159
201512 0.905 99.947 1.155
201603 0.912 101.054 1.151
201606 0.925 102.002 1.156
201609 0.887 101.765 1.112
201612 0.927 101.449 1.165
201703 0.910 102.634 1.131
201706 0.869 103.029 1.076
201709 0.885 103.345 1.092
201712 0.855 103.345 1.055
201803 0.811 105.004 0.985
201806 0.845 105.557 1.021
201809 0.862 105.636 1.041
201812 0.857 105.399 1.037
201903 0.532 106.979 0.634
201906 0.575 107.690 0.681
201909 0.589 107.611 0.698
201912 0.617 107.769 0.730
202003 0.583 107.927 0.689
202006 0.588 108.401 0.692
202009 0.572 108.164 0.674
202012 0.570 108.559 0.670
202103 0.592 110.298 0.684
202106 0.599 111.720 0.684
202109 0.576 112.905 0.651
202112 0.584 113.774 0.655
202203 0.596 117.646 0.646
202206 0.666 120.806 0.703
202209 0.447 120.648 0.472
202212 0.414 120.964 0.436
202303 0.410 122.702 0.426
202306 0.417 124.203 0.428
202309 0.417 125.230 0.425
202312 0.413 125.072 0.421
202403 0.408 126.258 0.412
202406 0.403 127.522 0.403

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 0.03 mean?
Western Resources (FRA:WR0) has a Cyclically Adjusted PB Ratio of 0.03 as of Jul. 26, 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 Western Resources and its competitors.
Is Western Resources' Cyclically Adjusted PB Ratio too high?
Western Resources' current Cyclically Adjusted PB Ratio is 0.03. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.41. Western Resources' value of 0.03 is 97.9% below this industry median.
How does Western Resources' Cyclically Adjusted PB Ratio compare to SVBL and BLTH?
Western Resources' Cyclically Adjusted PB Ratio of 0.03 can be compared against companies in the Metals & Mining industry. The industry median Cyclically Adjusted PB Ratio is 1.41. Western Resources' value of 0.03 is 97.9% 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 1.41, based on 1,540 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. Western Resources's current Cyclically Adjusted PB Ratio of 0.03 is 97.9% 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 Western Resources and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Resources's current Cyclically Adjusted PB Ratio is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Resources stock overvalued right now?
Western Resources (FRA:WR0) has a current Cyclically Adjusted PB Ratio of 0.03. The current Cyclically Adjusted PB Ratio is 0.03 and 97.9% below the Metals & Mining industry median of 1.41. 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 Western Resources (FRA:WR0), the current Cyclically Adjusted PB Ratio is 0.03 as of Jul. 26, 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.

Western Resources Business Description

Address 666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.