Alphamin Resources (JSE:APH) Cyclically Adjusted PB Ratio: 4.19 (As of Jul. 20, 2026) — 35% Above Median

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JSE:APH Alphamin Resources Corp JSE:APH
95 GF Score
Price R16.70
GF Value R27.19
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Alphamin Resources Cyclically Adjusted PB Ratio?

Alphamin Resources JSE:APH 95 Cyclically Adjusted PB Ratio is 4.19 as of Jul. 20, 2026, which is 35% above its 10-year median of 3.11. GuruFocus rates JSE:APH with a GF Score™ of 95/100 and a GF Value™ of R27.19 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,542 Metals & Mining companies, Alphamin Resources ranks worse than 77.24% on this metric.

As of today (2026-07-20), Alphamin Resources's current share price is R16.70. Alphamin Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R3.99. Alphamin Resources's Cyclically Adjusted PB Ratio for today is 4.19.

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

JSE:APH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 3.11   Max: 5.06
Current: 4.23

During the past years, Alphamin Resources's highest Cyclically Adjusted PB Ratio was 5.06. The lowest was 0.50. And the median was 3.11.

JSE:APH's Cyclically Adjusted PB Ratio is ranked worse than
77.24% of 1542 companies
in the Metals & Mining industry
Industry Median: 1.375 vs JSE:APH: 4.23

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.

Alphamin Resources's adjusted book value per share data for the three months ended in Mar. 2026 was R5.857. 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 R3.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alphamin Resources  (JSE:APH) 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.


Alphamin Resources Cyclically Adjusted PB Ratio Related Terms


Alphamin Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alphamin Resources'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.

Alphamin Resources Cyclically Adjusted PB Ratio Chart

Alphamin Resources 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 3.44 3.10 3.21 3.63 3.80

Alphamin Resources 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 1.63 2.80 3.21 3.80 3.55

Alphamin Resources Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Alphamin Resources'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.


Alphamin Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


JSE:APH
95GF Score
Alphamin Resources Corp JSE:APH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alphamin Resources 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.

Alphamin Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.70/3.99
=4.19

* 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.

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

For example, Alphamin Resources'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)
=5.857/330.2130*330.2130
=5.857

Current CPI (Mar. 2026) = 330.2130.

Alphamin Resources Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.422 241.018 3.318
201609 2.535 241.428 3.467
201612 2.251 241.432 3.079
201703 2.064 243.801 2.796
201706 2.238 244.955 3.017
201709 2.049 246.819 2.741
201712 2.101 246.524 2.814
201803 1.973 249.554 2.611
201806 2.227 251.989 2.918
201809 2.491 252.439 3.258
201812 2.392 251.233 3.144
201903 2.420 254.202 3.144
201906 2.278 256.143 2.937
201909 2.326 256.759 2.991
201912 2.415 256.974 3.103
202003 2.736 258.115 3.500
202006 2.525 257.797 3.234
202009 2.457 260.280 3.117
202012 2.165 260.474 2.745
202103 2.297 264.877 2.864
202106 2.184 271.696 2.654
202109 2.549 274.310 3.068
202112 3.458 278.802 4.096
202203 3.465 287.504 3.980
202206 4.011 296.311 4.470
202209 4.339 296.808 4.827
202212 4.347 296.797 4.836
202303 4.436 301.836 4.853
202306 4.770 305.109 5.162
202309 4.587 307.789 4.921
202312 4.569 306.746 4.919
202403 4.929 312.332 5.211
202406 4.685 314.175 4.924
202409 4.932 315.301 5.165
202412 4.752 315.605 4.972
202503 5.113 319.799 5.280
202506 5.432 322.561 5.561
202509 4.912 324.800 4.994
202512 5.019 324.054 5.114
202603 5.857 330.213 5.857

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 4.19 mean?
Alphamin Resources (JSE:APH) has a Cyclically Adjusted PB Ratio of 4.19 as of Jul. 20, 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 Alphamin Resources and its competitors. This is 35% above median its historical median of 3.11. Over the past decade, Alphamin Resources' Cyclically Adjusted PB Ratio has ranged from 0.50 to 5.06. According to the industry distribution chart, Alphamin Resources ranks #1191 out of 1542 companies in the Metals & Mining industry, placing it in the top 77.2%.
Is Alphamin Resources' Cyclically Adjusted PB Ratio too high?
Alphamin Resources' current Cyclically Adjusted PB Ratio of 4.19 is 35% above median its 10-year median of 3.11. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 5.06. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.38. Alphamin Resources' value of 4.19 is 204.7% above this industry median. Based on the distribution chart, Alphamin Resources ranks #1191 out of 1542 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Alphamin Resources has a GF Score™ of 95/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alphamin Resources' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Alphamin Resources ranks #1191 out of 1542 companies for Cyclically Adjusted PB Ratio. This places Alphamin Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.38. Alphamin Resources' value of 4.19 is 204.7% above this benchmark. Historically, Alphamin Resources' own Cyclically Adjusted PB Ratio has ranged from 0.50 to 5.06 over the past decade. While the company's 10-year median is 3.11 vs. the industry median of 1.38, Alphamin Resources has consistently been above the industry average. 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 1.38, 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. Alphamin Resources's current Cyclically Adjusted PB Ratio of 4.19 is 204.7% 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 Alphamin Resources and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alphamin Resources's current Cyclically Adjusted PB Ratio is 4.19, which is 35% above median its own 10-year median of 3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alphamin Resources stock overvalued right now?
Based on GuruFocus' analysis, Alphamin Resources (JSE:APH) is currently considered Significantly Undervalued. The stock's GF Value™ is R27.19, compared to a current price of R16.70 — trading 38.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.19, which is 35% above median its 10-year median of 3.11 and 204.7% above the Metals & Mining industry median of 1.38. Alphamin Resources' overall GF Score™ is 95/100 with 1 warning sign 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 Alphamin Resources (JSE:APH), the current Cyclically Adjusted PB Ratio is 4.19 as of Jul. 20, 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.

Is Alphamin Resources (JSE:APH) Overvalued in 2026?

Based on GuruFocus' analysis, Alphamin Resources stock appears to be undervalued. The current stock price of R16.70 is trading 38.6% below its estimated GF Value™ of R27.19. GuruFocus considers Alphamin Resources to be Significantly Undervalued.

Key valuation signals for JSE:APH:

  • Cyclically Adjusted PB Ratio: 4.19 (35% above median its 10-year median of 3.11)
  • GF Value™: R27.19 vs. price of R16.70 (38.6% below fair value)
  • GF Score™: 95/100 with 1 warning sign
  • Industry Position: 204.7% above the Metals & Mining median (#1191 of 1542)

No single metric tells the full story. See the JSE:APH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alphamin Resources Business Description

Address C/o Adansonia Management Services Limited, Suite 1, Perrieri Office Suites, C2-302, Level 3, La Croisette, Office Block C, Grand Baie, MUS, 30517
Alphamin Resources Corp is engaged in the business of the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The company considers its business to consist of one reportable operating segment, being the production and sale of tin from its Bisie tin mine.
95GF Score

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

R16.70
Price
R27.19
GF Value