Seabridge Gold (LTS:0VGV) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

LTS:0VGV Seabridge Gold Inc LTS:0VGV
38 GF Score
Price C$36.04
! 1 Warning Sign
View Full Analysis

What is Seabridge Gold Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Seabridge Gold  (LTS:0VGV) 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.


Seabridge Gold Cyclically Adjusted PB Ratio Related Terms


Seabridge Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Seabridge 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.

Seabridge Gold Cyclically Adjusted PB Ratio Chart

Seabridge 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 2.98 2.19 1.95 1.90 4.44

Seabridge 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 2.21 3.70 4.44 4.19 0.00

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

For the Gold subindustry, Seabridge 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.


Seabridge Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


LTS:0VGV
38GF Score
Seabridge Gold Inc LTS:0VGV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seabridge 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.

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

For example, Seabridge 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)
=10.221/133.5265*133.5265
=10.221

Current CPI (Jun. 2026) = 133.5265.

Seabridge Gold Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.780 101.765 7.584
201612 5.732 101.449 7.544
201703 5.736 102.634 7.463
201706 6.180 103.029 8.009
201709 6.196 103.345 8.006
201712 6.167 103.345 7.968
201803 6.063 105.004 7.710
201806 6.184 105.557 7.823
201809 6.133 105.636 7.752
201812 6.313 105.399 7.998
201903 6.325 106.979 7.895
201906 6.214 107.690 7.705
201909 6.526 107.611 8.098
201912 6.535 107.769 8.097
202003 6.591 107.927 8.154
202006 6.897 108.401 8.496
202009 7.044 108.164 8.696
202012 8.289 108.559 10.195
202103 8.332 110.298 10.087
202106 8.728 111.720 10.432
202109 8.758 112.905 10.358
202112 8.893 113.774 10.437
202203 8.953 117.646 10.162
202206 9.464 120.806 10.461
202209 9.535 120.648 10.553
202212 9.104 120.964 10.049
202303 8.949 122.702 9.738
202306 9.268 124.203 9.964
202309 8.942 125.230 9.534
202312 8.477 125.072 9.050
202403 8.276 126.258 8.752
202406 9.533 127.522 9.982
202409 9.546 127.285 10.014
202412 9.172 127.364 9.616
202503 9.905 129.181 10.238
202506 9.988 129.892 10.267
202509 10.177 130.287 10.430
202512 10.558 130.366 10.814
202603 11.176 132.262 11.283
202606 10.221 133.527 10.221

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.


Seabridge Gold Business Description

Address 106 Front Street East, Suite 400, Toronto, ON, CAN, M5A 1E1
Seabridge Gold Inc is a development-stage company involved in the exploration and development of gold properties situated in North America. The company's principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia and the 3 Aces Project in southeast Yukon. The company has various other mineral resource projects throughout North America.
38GF Score

Get the complete analysis for LTS:0VGV

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

C$36.04
Price