HUSIF (Nicola Mining) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

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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.

HUSIF Nicola Mining Inc HUSIF
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What is Nicola Mining Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nicola Mining  (OTCPK:HUSIF) 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.


Nicola Mining Cyclically Adjusted PB Ratio Related Terms


Nicola Mining Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Nicola 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.

Nicola Mining Cyclically Adjusted PB Ratio Chart

Nicola Mining Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Nicola 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

Nicola Mining Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Nicola 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.


Nicola Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


HUSIF
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Nicola Mining Inc HUSIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nicola 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.

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

For example, Nicola 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)
=0.003/132.2623*132.2623
=0.003

Current CPI (Mar. 2026) = 132.2623.

Nicola Mining Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.065 102.002 -0.084
201609 -0.044 101.765 -0.057
201612 -0.038 101.449 -0.050
201703 -0.042 102.634 -0.054
201706 -0.048 103.029 -0.062
201709 -0.058 103.345 -0.074
201712 -0.024 103.345 -0.031
201803 -0.031 105.004 -0.039
201806 -0.032 105.557 -0.040
201809 -0.033 105.636 -0.041
201812 -0.022 105.399 -0.028
201903 -0.027 106.979 -0.033
201906 -0.004 107.690 -0.005
201909 -0.005 107.611 -0.006
201912 0.006 107.769 0.007
202003 0.004 107.927 0.005
202006 0.001 108.401 0.001
202009 0.001 108.164 0.001
202012 0.001 108.559 0.001
202103 -0.001 110.298 -0.001
202106 0.003 111.720 0.004
202109 0.000 112.905 0.000
202112 0.005 113.774 0.006
202203 0.002 117.646 0.002
202206 -0.001 120.806 -0.001
202209 0.000 120.648 0.000
202212 -0.037 120.964 -0.040
202303 0.022 122.702 0.024
202306 0.032 124.203 0.034
202309 0.031 125.230 0.033
202312 -0.033 125.072 -0.035
202403 0.024 126.258 0.025
202406 0.020 127.522 0.021
202409 0.014 127.285 0.015
202412 -0.041 127.364 -0.043
202503 -0.034 129.181 -0.035
202506 -0.030 129.892 -0.031
202509 -0.013 130.287 -0.013
202512 -0.012 130.366 -0.012
202603 0.003 132.262 0.003

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.


Nicola Mining Business Description

Address 1030 West Georgia Street, Suite 1212, Vancouver, BC, CAN, V6E 2Y3
Nicola Mining Inc is a junior exploration and custom milling company that is engaged in the business of identification, acquisition, and exploration of mineral property interests, together with custom milling partnerships at its Merritt Mill. The company holds interests in various claims at the following properties: the Treasure Mountain Property, New Craigmont Property, and Dominion Creek Property. Its portfolio of producing assets and development projects is mainly composed of copper, gold, and silver properties spread across British Columbia, Canada.
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