GGXXF (GGX Gold) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

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What is GGX Gold Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GGX Gold  (OTCPK:GGXXF) 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.


GGX Gold Cyclically Adjusted PB Ratio Related Terms


GGX Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GGX Gold'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.

GGX Gold Cyclically Adjusted PB Ratio Chart

GGX Gold 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 0.16 0.20 1.08 0.00 0.00

GGX Gold 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

GGXXF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, GGX Gold'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.


GGX Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



GGX Gold 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.

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

For example, GGX Gold'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)
=-0.023/132.2623*132.2623
=-0.023

Current CPI (Mar. 2026) = 132.2623.

GGX Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.036 102.002 0.047
201609 0.038 101.765 0.049
201612 0.044 101.449 0.057
201703 0.026 102.634 0.034
201706 0.018 103.029 0.023
201709 0.067 103.345 0.086
201712 0.028 103.345 0.036
201803 0.006 105.004 0.008
201806 0.007 105.557 0.009
201809 -0.019 105.636 -0.024
201812 -0.032 105.399 -0.040
201903 -0.044 106.979 -0.054
201906 -0.045 107.690 -0.055
201909 -0.016 107.611 -0.020
201912 -0.025 107.769 -0.031
202003 -0.026 107.927 -0.032
202006 -0.018 108.401 -0.022
202009 -0.014 108.164 -0.017
202012 -0.021 108.559 -0.026
202103 -0.007 110.298 -0.008
202106 -0.004 111.720 -0.005
202109 -0.027 112.905 -0.032
202112 -0.031 113.774 -0.036
202203 -0.034 117.646 -0.038
202206 -0.031 120.806 -0.034
202209 -0.027 120.648 -0.030
202212 -0.030 120.964 -0.033
202303 -0.033 122.702 -0.036
202306 -0.038 124.203 -0.040
202309 -0.037 125.230 -0.039
202312 -0.037 125.072 -0.039
202403 -0.039 126.258 -0.041
202406 -0.024 127.522 -0.025
202409 -0.021 127.285 -0.022
202412 -0.025 127.364 -0.026
202503 -0.026 129.181 -0.027
202506 -0.029 129.892 -0.030
202509 -0.030 130.287 -0.030
202512 -0.029 130.366 -0.029
202603 -0.023 132.262 -0.023

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.


GGX Gold Business Description

Other Exchanges 3SR2:GermanyGGX:Canada
Address 888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4
GGX Gold Corp is a Canada-based company. It is involved in the industrial metals and minerals business sector. The activities of the company consist of the acquisition, exploration, and development of mineral properties. The company has one project known as Gold Drop. It explores for gold, Tellurium, and silver properties.