Lincoln Gold Mining (FRA:ZMG) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

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FRA:ZMG Lincoln Gold Mining Inc FRA:ZMG
27 GF Score
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What is Lincoln Gold Mining Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lincoln Gold Mining  (FRA:ZMG) 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.


Lincoln Gold Mining Cyclically Adjusted PB Ratio Related Terms


Lincoln Gold Mining Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Lincoln Gold 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.

Lincoln Gold Mining Cyclically Adjusted PB Ratio Chart

Lincoln Gold 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 0.00 0.00 0.00 0.00 0.00

Lincoln Gold 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 0.00 0.00 0.00 0.00

FRA:ZMG vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Lincoln Gold 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.


Lincoln Gold Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


FRA:ZMG
27GF Score
Lincoln Gold Mining Inc FRA:ZMG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lincoln Gold 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.

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

For example, Lincoln Gold 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)
=-0.072/132.2623*132.2623
=-0.072

Current CPI (Mar. 2026) = 132.2623.

Lincoln Gold Mining Quarterly Data

Book Value per Share CPI Adj_Book
201606 -21.018 102.002 -27.253
201609 -18.180 101.765 -23.628
201612 -19.008 101.449 -24.781
201703 -18.965 102.634 -24.440
201706 -4.421 103.029 -5.675
201709 -4.296 103.345 -5.498
201712 -4.792 103.345 -6.133
201803 -1.376 105.004 -1.733
201806 -1.441 105.557 -1.806
201809 -1.675 105.636 -2.097
201812 -2.408 105.399 -3.022
201903 -2.497 106.979 -3.087
201906 -2.713 107.690 -3.332
201909 -2.463 107.611 -3.027
201912 -1.170 107.769 -1.436
202003 -0.973 107.927 -1.192
202006 -0.711 108.401 -0.868
202009 -0.454 108.164 -0.555
202012 -0.342 108.559 -0.417
202103 -0.379 110.298 -0.454
202106 -0.312 111.720 -0.369
202109 -0.238 112.905 -0.279
202112 -0.280 113.774 -0.326
202203 -0.321 117.646 -0.361
202206 -0.367 120.806 -0.402
202209 -0.448 120.648 -0.491
202212 -0.461 120.964 -0.504
202303 -0.499 122.702 -0.538
202306 -0.076 124.203 -0.081
202309 -0.096 125.230 -0.101
202312 -0.114 125.072 -0.121
202403 -0.125 126.258 -0.131
202406 -0.089 127.522 -0.092
202409 -0.079 127.285 -0.082
202412 -0.098 127.364 -0.102
202503 -0.065 129.181 -0.067
202506 -0.073 129.892 -0.074
202509 -0.078 130.287 -0.079
202512 -0.078 130.366 -0.079
202603 -0.072 132.262 -0.072

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.


Lincoln Gold Mining Business Description

Other Exchanges LMG:Canada
Address 789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2
Lincoln Gold Mining Inc is a Canadian precious metals development and exploration company. The company holds interest in the Bell Mountain gold-silver property that is fully permitted and moving to production and a second larger project, the Pine Grove gold property which is in the final stages of permitting. The two gold projects are within 61 air miles of each other, located in the prospective Walker Lane mineral belt, known for its numerous gold and silver deposits. The company operates in one reportable operating segment, being the acquisition, exploration and evaluation of mineral properties. It operates within two geographic areas United States of America and Canada with United States of America generating the majority of revenue.
27GF Score

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

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