HGGCF (Highway 50 Gold) Cyclically Adjusted PB Ratio: 2.22 (As of Jul. 25, 2026)

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HGGCF Highway 50 Gold Corp HGGCF
30 GF Score
Price $0.20
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What is Highway 50 Gold Cyclically Adjusted PB Ratio?

Highway 50 Gold HGGCF 30 Cyclically Adjusted PB Ratio is 2.22 as of Jul. 25, 2026. GuruFocus rates HGGCF with a GF Score™ of 30/100. Among 1,542 Metals & Mining companies, Highway 50 Gold ranks worse than 56.49% on this metric.

As of today (2026-07-25), Highway 50 Gold's current share price is $0.20. Highway 50 Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.09. Highway 50 Gold's Cyclically Adjusted PB Ratio for today is 2.22.

The historical rank and industry rank for Highway 50 Gold's Cyclically Adjusted PB Ratio or its related term are showing as below:

HGGCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.77
Current: 1.77

During the past years, Highway 50 Gold's highest Cyclically Adjusted PB Ratio was 1.77. The lowest was 0.00. And the median was 0.00.

HGGCF's Cyclically Adjusted PB Ratio is ranked worse than
56.49% of 1542 companies
in the Metals & Mining industry
Industry Median: 1.41 vs HGGCF: 1.77

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.

Highway 50 Gold's adjusted book value per share data for the three months ended in Mar. 2026 was $0.110. 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 $0.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Highway 50 Gold  (OTCPK:HGGCF) 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.


Highway 50 Gold Cyclically Adjusted PB Ratio Related Terms


Highway 50 Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Highway 50 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.

Highway 50 Gold Cyclically Adjusted PB Ratio Chart

Highway 50 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 1.48 0.98 0.75 1.17 1.95

Highway 50 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 1.61 2.10 2.67 1.95 2.23

Highway 50 Gold Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Highway 50 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.


Highway 50 Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Highway 50 Gold's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Highway 50 Gold's Cyclically Adjusted PB Ratio falls into.


HGGCF
30GF Score
Highway 50 Gold Corp HGGCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Highway 50 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.

Highway 50 Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.20/0.09
=2.22

* 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.

Highway 50 Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Highway 50 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)
=0.11/132.2623*132.2623
=0.110

Current CPI (Mar. 2026) = 132.2623.

Highway 50 Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.205 102.002 0.266
201609 0.196 101.765 0.255
201612 0.188 101.449 0.245
201703 0.187 102.634 0.241
201706 0.200 103.029 0.257
201709 0.212 103.345 0.271
201712 0.199 103.345 0.255
201803 0.192 105.004 0.242
201806 0.195 105.557 0.244
201809 0.211 105.636 0.264
201812 0.134 105.399 0.168
201903 0.131 106.979 0.162
201906 0.125 107.690 0.154
201909 0.126 107.611 0.155
201912 0.121 107.769 0.148
202003 0.111 107.927 0.136
202006 0.109 108.401 0.133
202009 0.107 108.164 0.131
202012 0.113 108.559 0.138
202103 0.117 110.298 0.140
202106 0.115 111.720 0.136
202109 0.130 112.905 0.152
202112 0.123 113.774 0.143
202203 0.120 117.646 0.135
202206 0.112 120.806 0.123
202209 0.103 120.648 0.113
202212 0.156 120.964 0.171
202303 0.153 122.702 0.165
202306 0.159 124.203 0.169
202309 0.154 125.230 0.163
202312 0.027 125.072 0.029
202403 0.025 126.258 0.026
202406 0.024 127.522 0.025
202409 0.023 127.285 0.024
202412 0.022 127.364 0.023
202503 0.022 129.181 0.023
202506 0.089 129.892 0.091
202509 0.089 130.287 0.090
202512 0.085 130.366 0.086
202603 0.110 132.262 0.110

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 2.22 mean?
Highway 50 Gold (HGGCF) has a Cyclically Adjusted PB Ratio of 2.22 as of Jul. 25, 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 Highway 50 Gold and its competitors. According to the industry distribution chart, Highway 50 Gold ranks #871 out of 1542 companies in the Metals & Mining industry, placing it in the top 56.5%.
Is Highway 50 Gold's Cyclically Adjusted PB Ratio too high?
Highway 50 Gold's current Cyclically Adjusted PB Ratio is 2.22. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.41. Highway 50 Gold's value of 2.22 is 57.4% above this industry median. Based on the distribution chart, Highway 50 Gold ranks #871 out of 1542 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Highway 50 Gold has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Highway 50 Gold's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Highway 50 Gold ranks #871 out of 1542 companies for Cyclically Adjusted PB Ratio. This places Highway 50 Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.41. Highway 50 Gold's value of 2.22 is 57.4% 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 1.41, based on 1,542 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. Highway 50 Gold's current Cyclically Adjusted PB Ratio of 2.22 is 57.4% 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 Highway 50 Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highway 50 Gold's current Cyclically Adjusted PB Ratio is 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highway 50 Gold stock overvalued right now?
Highway 50 Gold (HGGCF) has a current Cyclically Adjusted PB Ratio of 2.22. The current Cyclically Adjusted PB Ratio is 2.22 and 57.4% above the Metals & Mining industry median of 1.41. Highway 50 Gold's overall GF Score™ is 30/100. 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 Highway 50 Gold (HGGCF), the current Cyclically Adjusted PB Ratio is 2.22 as of Jul. 25, 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.

Highway 50 Gold Business Description

Other Exchanges HWY:Canada
Address 200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 3L6
Highway 50 Gold Corp is a mineral exploration company. It is engaged in the acquisition and exploration of assets and evaluation of mineral properties in British Columbia and Nevada, USA. It has projects namely: Golden Brew; Johnson Canyon, Gold Knob, and Quito North. The company operates in one reportable operating segment, which is the acquisition, exploration, and evaluation of exploration and evaluation assets in North America.
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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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