Founders Metals (HAM:9DL0) Cyclically Adjusted PB Ratio: 14.56 (As of Aug. 23, 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.

HAM:9DL0 Founders Metals Inc HAM:9DL0
36 GF Score
Price €3.64
! 3 Warning Signs
View Full Analysis

What is Founders Metals Cyclically Adjusted PB Ratio?

Founders Metals HAM:9DL0 36 Cyclically Adjusted PB Ratio is 14.56 as of Aug. 23, 2026. GuruFocus rates HAM:9DL0 with a GF Score™ of 36/100. The stock has 3 warning signs investors should review. Among 1,518 Metals & Mining companies, Founders Metals ranks worse than 94.01% on this metric.

As of today (2026-08-23), Founders Metals's current share price is €3.64. Founders Metals's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was €0.25. Founders Metals's Cyclically Adjusted PB Ratio for today is 14.56.

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

HAM:9DL0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 14.58
Current: 14.58

During the past years, Founders Metals's highest Cyclically Adjusted PB Ratio was 14.58. The lowest was 0.00. And the median was 0.00.

HAM:9DL0's Cyclically Adjusted PB Ratio is ranked worse than
94.01% of 1518 companies
in the Metals & Mining industry
Industry Median: 1.56 vs HAM:9DL0: 14.58

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.

Founders Metals's adjusted book value per share data for the three months ended in May. 2026 was €0.808. 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 €0.25 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Founders Metals  (HAM:9DL0) 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.


Founders Metals Cyclically Adjusted PB Ratio Related Terms


Founders Metals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Founders Metals'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.

Founders Metals Cyclically Adjusted PB Ratio Chart

Founders Metals Annual Data
Trend Aug07 Aug08 Aug09 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 1.34 3.61 12.75 13.63

Founders Metals Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 15.79 13.63 13.01 13.78 12.27

HAM:9DL0 vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Founders Metals'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.


Founders Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


HAM:9DL0
36GF Score
Founders Metals Inc HAM:9DL0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Founders Metals 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.

Founders Metals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.64/0.25
=14.56

* 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.

Founders Metals's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Founders Metals's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.808/134.0005*134.0005
=0.808

Current CPI (May. 2026) = 134.0005.

Founders Metals Quarterly Data

Book Value per Share CPI Adj_Book
200705 0.064 88.570 0.097
200708 0.059 88.254 0.090
200711 0.058 88.412 0.088
200802 0.050 88.649 0.076
200805 0.003 90.545 0.004
200808 0.001 91.335 0.001
200811 0.000 90.150 0.000
200902 -0.001 89.913 -0.001
200908 -0.002 90.624 -0.003
200911 -0.002 91.019 -0.003
201002 -0.003 91.335 -0.004
201905 0.000 107.927 0.000
201908 -0.004 108.085 -0.005
201911 0.000 107.769 0.000
202002 0.000 108.559 0.000
202005 -0.005 107.532 -0.006
202008 -0.006 108.243 -0.007
202011 0.000 108.796 0.000
202102 0.294 109.745 0.359
202105 0.299 111.404 0.360
202108 0.266 112.668 0.316
202111 0.275 113.932 0.323
202202 0.270 115.986 0.312
202205 0.281 120.016 0.314
202208 0.288 120.569 0.320
202211 0.260 121.675 0.286
202302 0.253 122.070 0.278
202305 0.198 124.045 0.214
202308 0.201 125.389 0.215
202311 0.231 125.468 0.247
202402 0.236 125.468 0.252
202405 0.297 127.601 0.312
202408 0.288 127.838 0.302
202411 0.490 127.838 0.514
202502 0.667 128.786 0.694
202505 0.632 129.813 0.652
202508 0.622 130.208 0.640
202511 0.810 130.682 0.831
202602 0.807 131.077 0.825
202605 0.808 134.001 0.808

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 14.56 mean?
Founders Metals (HAM:9DL0) has a Cyclically Adjusted PB Ratio of 14.56 as of Aug. 23, 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 Founders Metals and its competitors. According to the industry distribution chart, Founders Metals ranks #1427 out of 1518 companies in the Metals & Mining industry, placing it in the top 94%.
Is Founders Metals' Cyclically Adjusted PB Ratio too high?
Founders Metals' current Cyclically Adjusted PB Ratio is 14.56. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.56. Founders Metals' value of 14.56 is 833.3% above this industry median. Based on the distribution chart, Founders Metals ranks #1427 out of 1518 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Founders Metals has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Founders Metals' Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Founders Metals ranks #1427 out of 1518 companies for Cyclically Adjusted PB Ratio. This places Founders Metals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Founders Metals' value of 14.56 is 833.3% above 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 1.56, based on 1,518 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. Founders Metals's current Cyclically Adjusted PB Ratio of 14.56 is 833.3% above 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 Founders Metals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Founders Metals's current Cyclically Adjusted PB Ratio is 14.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Founders Metals stock overvalued right now?
Founders Metals (HAM:9DL0) has a current Cyclically Adjusted PB Ratio of 14.56. The current Cyclically Adjusted PB Ratio is 14.56 and 833.3% above the Metals & Mining industry median of 1.56. Founders Metals' overall GF Score™ is 36/100 with 3 warning signs 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 Founders Metals (HAM:9DL0), the current Cyclically Adjusted PB Ratio is 14.56 as of Aug. 23, 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.

Founders Metals Business Description

Address 1075 West Georgia Street, Suite 1050, Vancouver, BC, CAN, V6E 2C9
Founders Metals Inc is a Canadian exploration company engaged in the exploration and development of gold and mineral exploration properties in North and South America. Its main business is to explore and develop the Antino Gold Project located in Suriname, a resource definition stage gold exploration project in southeastern Suriname, and it focuses on acquiring and advancing gold projects in the Guiana Shield. Its projects include the Antino Gold Project, the Elmtree Gold Project, and Mine Rehab N.V.
36GF Score

Get the complete analysis for HAM:9DL0

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

€3.64
Price