ESGold (FRA:Z7D) Cyclically Adjusted PB Ratio: 0.44 (As of Aug. 04, 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:Z7D ESGold Corp FRA:Z7D
38 GF Score
Price €0.27
! 1 Warning Sign
View Full Analysis

What is ESGold Cyclically Adjusted PB Ratio?

ESGold FRA:Z7D 38 Cyclically Adjusted PB Ratio is 0.44 as of Aug. 04, 2026. GuruFocus rates FRA:Z7D with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 1,535 Metals & Mining companies, ESGold ranks better than 75.5% on this metric.

As of today (2026-08-04), ESGold's current share price is €0.27. ESGold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.61. ESGold's Cyclically Adjusted PB Ratio for today is 0.44.

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

FRA:Z7D' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.45
Current: 0.45

During the past years, ESGold's highest Cyclically Adjusted PB Ratio was 0.45. The lowest was 0.00. And the median was 0.00.

FRA:Z7D's Cyclically Adjusted PB Ratio is ranked better than
75.5% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs FRA:Z7D: 0.45

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.

ESGold's adjusted book value per share data for the three months ended in Mar. 2026 was €0.147. 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 €0.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ESGold  (FRA:Z7D) 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.


ESGold Cyclically Adjusted PB Ratio Related Terms


ESGold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ESGold'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.

ESGold Cyclically Adjusted PB Ratio Chart

ESGold Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.48 0.17 0.11 1.16

ESGold 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 0.32 1.16 0.84 0.65 0.58

FRA:Z7D vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, ESGold'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.


ESGold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


FRA:Z7D
38GF Score
ESGold Corp FRA:Z7D
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ESGold 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.

ESGold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.27/0.61
=0.44

* 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.

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

For example, ESGold'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)
=0.147/132.2623*132.2623
=0.147

Current CPI (Mar. 2026) = 132.2623.

ESGold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.310 102.002 0.402
201609 0.609 101.765 0.792
201612 1.132 101.449 1.476
201703 2.742 102.634 3.534
201706 1.967 103.029 2.525
201709 2.196 103.345 2.810
201712 2.116 103.345 2.708
201803 1.635 105.004 2.059
201806 1.692 105.557 2.120
201809 1.226 105.636 1.535
201812 0.752 105.399 0.944
201903 0.718 106.979 0.888
201906 0.265 107.690 0.325
201909 0.188 107.611 0.231
201912 0.160 107.769 0.196
202003 0.146 107.927 0.179
202006 0.132 108.401 0.161
202009 0.121 108.164 0.148
202012 0.109 108.559 0.133
202103 0.121 110.298 0.145
202106 0.019 111.720 0.022
202109 0.211 112.905 0.247
202112 0.268 113.774 0.312
202203 0.213 117.646 0.239
202206 0.224 120.806 0.245
202209 0.233 120.648 0.255
202212 0.213 120.964 0.233
202303 0.195 122.702 0.210
202306 0.126 124.203 0.134
202309 0.132 125.230 0.139
202312 0.125 125.072 0.132
202403 0.119 126.258 0.125
202406 0.059 127.522 0.061
202409 0.054 127.285 0.056
202412 0.047 127.364 0.049
202503 0.071 129.181 0.073
202506 0.082 129.892 0.083
202509 0.114 130.287 0.116
202512 0.124 130.366 0.126
202603 0.147 132.262 0.147

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 0.44 mean?
ESGold (FRA:Z7D) has a Cyclically Adjusted PB Ratio of 0.44 as of Aug. 04, 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 ESGold and its competitors. According to the industry distribution chart, ESGold ranks #376 out of 1535 companies in the Metals & Mining industry, placing it in the top 24.5%.
Is ESGold's Cyclically Adjusted PB Ratio too high?
ESGold's current Cyclically Adjusted PB Ratio is 0.44. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. ESGold's value of 0.44 is 68.6% below this industry median. Based on the distribution chart, ESGold ranks #376 out of 1535 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, ESGold has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does ESGold's Cyclically Adjusted PB Ratio compare to HL?
According to the Metals & Mining industry distribution chart, ESGold ranks #376 out of 1535 companies for Cyclically Adjusted PB Ratio. This places ESGold in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.40. ESGold's value of 0.44 is 68.6% 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. ESGold's current Cyclically Adjusted PB Ratio of 0.44 is 68.6% 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 ESGold 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. ESGold's current Cyclically Adjusted PB Ratio is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ESGold stock overvalued right now?
ESGold (FRA:Z7D) has a current Cyclically Adjusted PB Ratio of 0.44. The current Cyclically Adjusted PB Ratio is 0.44 and 68.6% below the Metals & Mining industry median of 1.40. ESGold's overall GF Score™ is 38/100 with 1 warning sign 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 ESGold (FRA:Z7D), the current Cyclically Adjusted PB Ratio is 0.44 as of Aug. 04, 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.

ESGold Business Description

Other Exchanges ESAUF:USAESAU:Canada
Address 1055 West Georgia Street, Suite 1500, Royal Centre, Vancouver, BC, CAN, V6E 4N7
ESGold Corp is an exploration stage company engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. Its projects include the Montauban Gold Project and the Eagle River Project.
38GF Score

Get the complete analysis for FRA:Z7D

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

€0.27
Price