Centerra Gold (LTS:0UP5) Cyclically Adjusted PB Ratio: 2.02 (As of Jul. 31, 2026) — 89% Above Median

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LTS:0UP5 Centerra Gold Inc LTS:0UP5
87 GF Score
Price C$24.46
GF Value C$15.09
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Centerra Gold Cyclically Adjusted PB Ratio?

Centerra Gold LTS:0UP5 +7.13% 87 Cyclically Adjusted PB Ratio is 2.02 as of Jul. 31, 2026, which is 89% above its 10-year median of 1.07. GuruFocus rates LTS:0UP5 with a GF Score™ of 87/100 and a GF Value™ of C$15.09 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,535 Metals & Mining companies, Centerra Gold ranks worse than 60.59% on this metric.

As of today (2026-07-31), Centerra Gold's current share price is C$24.46. Centerra Gold's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$12.13. Centerra Gold's Cyclically Adjusted PB Ratio for today is 2.02.

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

LTS:0UP5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.07   Max: 2.53
Current: 2.16

During the past years, Centerra Gold's highest Cyclically Adjusted PB Ratio was 2.53. The lowest was 0.59. And the median was 1.07.

LTS:0UP5's Cyclically Adjusted PB Ratio is ranked worse than
60.59% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs LTS:0UP5: 2.16

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.

Centerra Gold's adjusted book value per share data for the three months ended in Jun. 2026 was C$15.508. 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 C$12.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centerra Gold  (LTS:0UP5) 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.


Centerra Gold Cyclically Adjusted PB Ratio Related Terms


Centerra Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Centerra 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.

Centerra Gold Cyclically Adjusted PB Ratio Chart

Centerra 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 1.09 0.72 0.76 0.75 1.74

Centerra 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 0.88 1.33 1.74 2.13 1.89

LTS:0UP5 vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Centerra 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.


Centerra Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


LTS:0UP5
87GF Score
Centerra Gold Inc LTS:0UP5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Centerra 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.46/12.13
=2.02

* 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.

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

For example, Centerra 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)
=15.508/134.0005*134.0005
=15.508

Current CPI (Jun. 2026) = 134.0005.

Centerra Gold Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.165 101.765 10.751
201612 8.354 101.449 11.035
201703 8.648 102.634 11.291
201706 8.694 103.029 11.308
201709 8.004 103.345 10.378
201712 8.864 103.345 11.493
201803 9.047 105.004 11.545
201806 9.413 105.557 11.949
201809 9.391 105.636 11.913
201812 9.884 105.399 12.566
201903 10.066 106.979 12.609
201906 10.171 107.690 12.656
201909 9.364 107.611 11.660
201912 9.263 107.769 11.518
202003 9.828 107.927 12.202
202006 9.906 108.401 12.245
202009 10.604 108.164 13.137
202012 10.678 108.559 13.180
202103 11.123 110.298 13.513
202106 7.256 111.720 8.703
202109 7.613 112.905 9.035
202112 8.806 113.774 10.372
202203 9.029 117.646 10.284
202206 9.120 120.806 10.116
202209 11.888 120.648 13.204
202212 11.259 120.964 12.472
202303 10.786 122.702 11.779
202306 10.221 124.203 11.027
202309 10.748 125.230 11.501
202312 10.423 125.072 11.167
202403 10.848 126.258 11.513
202406 11.142 127.522 11.708
202409 11.160 127.285 11.749
202412 11.233 127.364 11.818
202503 11.463 129.181 11.891
202506 11.397 129.892 11.757
202509 13.306 130.287 13.685
202512 14.221 130.366 14.617
202603 14.458 132.262 14.648
202606 15.508 134.001 15.508

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 2.02 mean?
Centerra Gold (LTS:0UP5) has a Cyclically Adjusted PB Ratio of 2.02 as of Jul. 31, 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 Centerra Gold and its competitors. This is 89% above median its historical median of 1.07. Over the past decade, Centerra Gold's Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.53. According to the industry distribution chart, Centerra Gold ranks #930 out of 1535 companies in the Metals & Mining industry, placing it in the top 60.6%.
Is Centerra Gold's Cyclically Adjusted PB Ratio too high?
Centerra Gold's current Cyclically Adjusted PB Ratio of 2.02 is 89% above median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.53. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Centerra Gold's value of 2.02 is 44.3% above this industry median. Based on the distribution chart, Centerra Gold ranks #930 out of 1535 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Centerra Gold has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Centerra Gold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Centerra Gold ranks #930 out of 1535 companies for Cyclically Adjusted PB Ratio. This places Centerra Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Centerra Gold's value of 2.02 is 44.3% above this benchmark. Historically, Centerra Gold's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.53 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 1.40, Centerra Gold 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 1.40, based on 1,535 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. Centerra Gold's current Cyclically Adjusted PB Ratio of 2.02 is 44.3% 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 Centerra Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centerra Gold's current Cyclically Adjusted PB Ratio is 2.02, which is 89% above median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centerra Gold stock overvalued right now?
Based on GuruFocus' analysis, Centerra Gold (LTS:0UP5) is currently considered Significantly Overvalued. The stock's GF Value™ is C$15.09, compared to a current price of C$24.46 — trading 62.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.02, which is 89% above median its 10-year median of 1.07 and 44.3% above the Metals & Mining industry median of 1.40. Centerra Gold's overall GF Score™ is 87/100 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 Centerra Gold (LTS:0UP5), the current Cyclically Adjusted PB Ratio is 2.02 as of Jul. 31, 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 Centerra Gold (LTS:0UP5) Overvalued in 2026?

Based on GuruFocus' analysis, Centerra Gold stock appears to be overvalued. The current stock price of C$24.46 is trading 62.1% above its estimated GF Value™ of C$15.09. GuruFocus considers Centerra Gold to be Significantly Overvalued.

Key valuation signals for LTS:0UP5:

  • Cyclically Adjusted PB Ratio: 2.02 (89% above median its 10-year median of 1.07)
  • GF Value™: C$15.09 vs. price of C$24.46 (62.1% above fair value)
  • GF Score™: 87/100 with 1 warning sign
  • Industry Position: 44.3% above the Metals & Mining median (#930 of 1535)

No single metric tells the full story. See the LTS:0UP5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Centerra Gold Business Description

Address 1 University Avenue, Suite 1800, Toronto, ON, CAN, M5J 2P1
Centerra Gold Inc is principally focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkey, and other markets world-wide. The company reportable operating segments are Oksut; Mount Milligan; and Molybdenum. It derives maximum revenue from Mount Milligan segment. Geographically, it operates in Turkey, United States, and Canada.
87GF Score

Get the complete analysis for LTS:0UP5

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

C$24.46
Price
C$15.09
GF Value