LODFF (Lode Gold Resources) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

LODFF Lode Gold Resources Inc LODFF
23 GF Score
Price $0.28
! 1 Warning Sign
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What is Lode Gold Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lode Gold Resources  (OTCPK:LODFF) 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.


Lode Gold Resources Cyclically Adjusted PB Ratio Related Terms


Lode Gold Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lode Gold 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.

Lode Gold Resources Cyclically Adjusted PB Ratio Chart

Lode Gold 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 0.12 0.11 0.21 0.13 0.30

Lode Gold Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.13 0.18 0.12 0.19 0.31

Lode Gold Resources Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Lode Gold 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.


Lode Gold Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


LODFF
23GF Score
Lode Gold Resources Inc LODFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lode Gold 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.

Lode Gold Resources's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Lode Gold Resources's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.323/130.3661*130.3661
=0.323

Current CPI (Dec. 2025) = 130.3661.

Lode Gold Resources Quarterly Data

Book Value per Share CPI Adj_Book
201603 -0.078 101.054 -0.101
201606 0.152 102.002 0.194
201609 0.102 101.765 0.131
201612 -0.012 101.449 -0.015
201703 0.010 102.634 0.013
201706 -0.023 103.029 -0.029
201709 -0.017 103.345 -0.021
201712 0.255 103.345 0.322
201803 0.302 105.004 0.375
201806 0.517 105.557 0.639
201809 0.563 105.636 0.695
201812 0.523 105.399 0.647
201903 0.580 106.979 0.707
201906 0.579 107.690 0.701
201909 0.570 107.611 0.691
201912 0.529 107.769 0.640
202003 0.462 107.927 0.558
202006 0.456 108.401 0.548
202009 0.808 108.164 0.974
202012 0.993 108.559 1.192
202103 1.001 110.298 1.183
202106 0.991 111.720 1.156
202109 0.984 112.905 1.136
202112 0.950 113.774 1.089
202203 0.937 117.646 1.038
202206 0.872 120.806 0.941
202209 0.788 120.648 0.851
202212 0.706 120.964 0.761
202303 0.686 122.702 0.729
202306 0.694 124.203 0.728
202309 0.693 125.230 0.721
202312 0.591 125.072 0.616
202403 0.470 126.258 0.485
202406 0.441 127.522 0.451
202409 0.432 127.285 0.442
202412 0.381 127.364 0.390
202503 0.376 129.181 0.379
202506 0.353 129.892 0.354
202509 0.328 130.287 0.328
202512 0.323 130.366 0.323

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.


Lode Gold Resources Business Description

Other Exchanges LOD:Canada
Address 409 Granville Street, Suite 1500, Toronto, ON, CAN, V6C 1T2
Lode Gold Resources Inc is an exploration and development company with projects in prospective and safe mining jurisdictions in Canada and the United States. . The company projects are the McIntyre Brook Project, the Golden Culvert, and the Bathurst Projects. It also holds a pipeline of early-stage exploration projects, including the critical mineral Captain Cobalt-Copper-Gold Deposit in New Brunswick and the Dingman Gold Project in Ontario.
23GF Score

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