Liberty Gold (HAM:PGW) Cyclically Adjusted PB Ratio: 9.72 (As of Aug. 27, 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:PGW Liberty Gold Corp HAM:PGW
34 GF Score
Price €1.17
! 3 Warning Signs
View Full Analysis

What is Liberty Gold Cyclically Adjusted PB Ratio?

Liberty Gold HAM:PGW -0.17% 34 Cyclically Adjusted PB Ratio is 9.72 as of Aug. 27, 2026. GuruFocus rates HAM:PGW with a GF Score™ of 34/100. The stock has 3 warning signs investors should review. Among 1,506 Metals & Mining companies, Liberty Gold ranks worse than 89.58% on this metric.

As of today (2026-08-27), Liberty Gold's current share price is €1.166. Liberty Gold's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.12. Liberty Gold's Cyclically Adjusted PB Ratio for today is 9.72.

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

HAM:PGW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 9.48
Current: 9.48

During the past years, Liberty Gold's highest Cyclically Adjusted PB Ratio was 9.48. The lowest was 0.00. And the median was 0.00.

HAM:PGW's Cyclically Adjusted PB Ratio is ranked worse than
89.58% of 1506 companies
in the Metals & Mining industry
Industry Median: 1.55 vs HAM:PGW: 9.48

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.

Liberty Gold's adjusted book value per share data for the three months ended in Jun. 2026 was €0.139. 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 €0.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liberty Gold  (HAM:PGW) 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.


Liberty Gold Cyclically Adjusted PB Ratio Related Terms


Liberty Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Liberty 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.

Liberty Gold Cyclically Adjusted PB Ratio Chart

Liberty Gold 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 1.88 1.15 0.75 0.82 3.47

Liberty Gold Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.19 2.55 3.47 5.32 7.17

HAM:PGW vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Liberty 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.


Liberty Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


HAM:PGW
34GF Score
Liberty Gold Corp HAM:PGW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liberty 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.

Liberty Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.166/0.12
=9.72

* 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.

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

For example, Liberty Gold's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.139/133.5265*133.5265
=0.139

Current CPI (Jun. 2026) = 133.5265.

Liberty Gold Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.505 101.765 0.663
201612 0.189 101.449 0.249
201703 0.170 102.634 0.221
201706 0.145 103.029 0.188
201709 0.120 103.345 0.155
201712 0.106 103.345 0.137
201803 0.113 105.004 0.144
201806 0.104 105.557 0.132
201809 0.087 105.636 0.110
201812 0.103 105.399 0.130
201903 0.098 106.979 0.122
201906 0.087 107.690 0.108
201909 0.110 107.611 0.136
201912 0.099 107.769 0.123
202003 0.102 107.927 0.126
202006 0.098 108.401 0.121
202009 0.143 108.164 0.177
202012 0.142 108.559 0.175
202103 0.140 110.298 0.169
202106 0.123 111.720 0.147
202109 0.111 112.905 0.131
202112 0.101 113.774 0.119
202203 0.141 117.646 0.160
202206 0.154 120.806 0.170
202209 0.140 120.648 0.155
202212 0.115 120.964 0.127
202303 0.103 122.702 0.112
202306 0.089 124.203 0.096
202309 0.086 125.230 0.092
202312 0.073 125.072 0.078
202403 0.067 126.258 0.071
202406 0.076 127.522 0.080
202409 0.061 127.285 0.064
202412 0.053 127.364 0.056
202503 0.046 129.181 0.048
202506 0.058 129.892 0.060
202509 0.076 130.287 0.078
202512 0.062 130.366 0.064
202603 0.058 132.262 0.059
202606 0.139 133.527 0.139

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 9.72 mean?
Liberty Gold (HAM:PGW) has a Cyclically Adjusted PB Ratio of 9.72 as of Aug. 27, 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 Liberty Gold and its competitors. According to the industry distribution chart, Liberty Gold ranks #1349 out of 1506 companies in the Metals & Mining industry, placing it in the top 89.6%.
Is Liberty Gold's Cyclically Adjusted PB Ratio too high?
Liberty Gold's current Cyclically Adjusted PB Ratio is 9.72. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.55. Liberty Gold's value of 9.72 is 527.1% above this industry median. Based on the distribution chart, Liberty Gold ranks #1349 out of 1506 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Liberty Gold has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Liberty Gold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Liberty Gold ranks #1349 out of 1506 companies for Cyclically Adjusted PB Ratio. This places Liberty Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Liberty Gold's value of 9.72 is 527.1% 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 1.55, based on 1,506 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. Liberty Gold's current Cyclically Adjusted PB Ratio of 9.72 is 527.1% 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 Liberty Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty Gold's current Cyclically Adjusted PB Ratio is 9.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Gold stock overvalued right now?
Liberty Gold (HAM:PGW) has a current Cyclically Adjusted PB Ratio of 9.72. The current Cyclically Adjusted PB Ratio is 9.72 and 527.1% above the Metals & Mining industry median of 1.55. Liberty Gold's overall GF Score™ is 34/100 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 Liberty Gold (HAM:PGW), the current Cyclically Adjusted PB Ratio is 9.72 as of Aug. 27, 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.

Liberty Gold Business Description

Address 815 West Hastings Street, Suite 610, Vancouver, BC, CAN, V6C 1B4
Liberty Gold Corp is a development and exploration stage business engaged in the acquisition, exploration, and development of mineral properties located mainly in the United States of America. The company has its operations in the geographic locations of Canada and the USA. Its projects include the Black Pine project, Goldstrike, TV Tower, and others.
34GF Score

Get the complete analysis for HAM:PGW

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

€1.17
Price