Iamgold (LTS:0XGN) Cyclically Adjusted PB Ratio: 3.46 (As of Sep. 17, 2026) — 507% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:0XGN Iamgold Corp LTS:0XGN
78 GF Score
Price C$29.85
GF Value C$19.96
Valuation Significantly Overvalued
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What is Iamgold Cyclically Adjusted PB Ratio?

Iamgold LTS:0XGN 78 Cyclically Adjusted PB Ratio is 3.46 as of Sep. 17, 2026, which is 507% above its 10-year median of 0.57. GuruFocus rates LTS:0XGN with a GF Score™ of 78/100 and a GF Value™ of C$19.96 (Significantly Overvalued). Among 1,501 Metals & Mining companies, Iamgold ranks worse than 68.29% on this metric.

As of today (2026-09-17), Iamgold's current share price is C$29.85. Iamgold's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$8.62. Iamgold's Cyclically Adjusted PB Ratio for today is 3.46.

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

LTS:0XGN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.57   Max: 4.15
Current: 3.35

During the past years, Iamgold's highest Cyclically Adjusted PB Ratio was 4.15. The lowest was 0.15. And the median was 0.57.

LTS:0XGN's Cyclically Adjusted PB Ratio is ranked worse than
68.29% of 1501 companies
in the Metals & Mining industry
Industry Median: 1.53 vs LTS:0XGN: 3.35

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.

Iamgold's adjusted book value per share data for the three months ended in Jun. 2026 was C$10.973. 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$8.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iamgold  (LTS:0XGN) 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.


Iamgold Cyclically Adjusted PB Ratio Related Terms


Iamgold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Iamgold'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.

Iamgold Cyclically Adjusted PB Ratio Chart

Iamgold 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 0.47 0.42 0.41 0.89 2.70

Iamgold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 1.09 1.09 2.71 2.66 2.71

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

For the Gold subindustry, Iamgold'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.


Iamgold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


LTS:0XGN
78GF Score
Iamgold Corp LTS:0XGN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iamgold 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.

Iamgold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.85/8.623
=3.46

* 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.

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

For example, Iamgold'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)
=10.973/133.5265*133.5265
=10.973

Current CPI (Jun. 2026) = 133.5265.

Iamgold Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.501 102.002 8.510
201609 6.618 101.765 8.684
201612 6.711 101.449 8.833
201703 6.596 102.634 8.581
201706 7.860 103.029 10.187
201709 7.674 103.345 9.915
201712 7.656 103.345 9.892
201803 7.981 105.004 10.149
201806 8.094 105.557 10.239
201809 7.953 105.636 10.053
201812 8.171 105.399 10.352
201903 7.924 106.979 9.890
201906 7.702 107.690 9.550
201909 7.760 107.611 9.629
201912 6.688 107.769 8.286
202003 7.035 107.927 8.704
202006 6.899 108.401 8.498
202009 6.839 108.164 8.443
202012 6.823 108.559 8.392
202103 6.840 110.298 8.281
202106 6.751 111.720 8.069
202109 6.738 112.905 7.969
202112 6.136 113.774 7.201
202203 6.166 117.646 6.998
202206 6.329 120.806 6.995
202209 6.347 120.648 7.025
202303 6.168 122.702 6.712
202306 6.262 124.203 6.732
202309 6.401 125.230 6.825
202312 6.203 125.072 6.622
202403 6.353 126.258 6.719
202406 6.467 127.522 6.772
202409 7.839 127.285 8.223
202412 8.559 127.364 8.973
202503 8.669 129.181 8.961
202506 8.148 129.892 8.376
202509 8.665 130.287 8.880
202512 9.846 130.366 10.085
202603 10.649 132.262 10.751
202606 10.973 133.527 10.973

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 3.46 mean?
Iamgold (LTS:0XGN) has a Cyclically Adjusted PB Ratio of 3.46 as of Sep. 17, 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 Iamgold and its competitors. This is 507% above median its historical median of 0.57. Over the past decade, Iamgold's Cyclically Adjusted PB Ratio has ranged from 0.15 to 4.15. According to the industry distribution chart, Iamgold ranks #1025 out of 1501 companies in the Metals & Mining industry, placing it in the top 68.3%.
Is Iamgold's Cyclically Adjusted PB Ratio too high?
Iamgold's current Cyclically Adjusted PB Ratio of 3.46 is 507% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 4.15. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.53. Iamgold's value of 3.46 is 126.1% above this industry median. Based on the distribution chart, Iamgold ranks #1025 out of 1501 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Iamgold has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iamgold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Iamgold ranks #1025 out of 1501 companies for Cyclically Adjusted PB Ratio. This places Iamgold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Iamgold's value of 3.46 is 126.1% above this benchmark. Historically, Iamgold's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 4.15 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.53, Iamgold 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 1.53, based on 1,501 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. Iamgold's current Cyclically Adjusted PB Ratio of 3.46 is 126.1% 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 Iamgold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iamgold's current Cyclically Adjusted PB Ratio is 3.46, which is 507% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iamgold stock overvalued right now?
Based on GuruFocus' analysis, Iamgold (LTS:0XGN) is currently considered Significantly Overvalued. The stock's GF Value™ is C$19.96, compared to a current price of C$29.85 — trading 49.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.46, which is 507% above median its 10-year median of 0.57 and 126.1% above the Metals & Mining industry median of 1.53. Iamgold's overall GF Score™ is 78/100. 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 Iamgold (LTS:0XGN), the current Cyclically Adjusted PB Ratio is 3.46 as of Sep. 17, 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 Iamgold (LTS:0XGN) Overvalued in 2026?

Based on GuruFocus' analysis, Iamgold stock appears to be overvalued. The current stock price of C$29.85 is trading 49.5% above its estimated GF Value™ of C$19.96. GuruFocus considers Iamgold to be Significantly Overvalued.

Key valuation signals for LTS:0XGN:

  • Cyclically Adjusted PB Ratio: 3.46 (507% above median its 10-year median of 0.57)
  • GF Value™: C$19.96 vs. price of C$29.85 (49.5% above fair value)
  • GF Score™: 78/100
  • Industry Position: 126.1% above the Metals & Mining median (#1025 of 1501)

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


Iamgold Business Description

Address 150 King Street West, Suite 2200, Toronto, ON, CAN, M5H 1J9
Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Cote Gold mine - Canada, Burkina Faso - Essakane mine, Westwood mine - Canada. The company's s non-gold mine segments are Exploration and evaluation and development, and Corporate - which includes royalty interests. The company generates the majority of its revenue from the Cote Gold mine segment.
78GF Score

Get the complete analysis for LTS:0XGN

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

C$29.85
Price
C$19.96
GF Value