MJGCF (Majestic Gold) Cyclically Adjusted PB Ratio: (As of Sep. 01, 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.

MJGCF Majestic Gold Corp MJGCF
50 GF Score
Price $0.08
GF Value $0.10
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Majestic Gold Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Majestic Gold  (OTCPK:MJGCF) 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.


Majestic Gold Cyclically Adjusted PB Ratio Related Terms


Majestic Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Majestic 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.

Majestic Gold Cyclically Adjusted PB Ratio Chart

Majestic Gold Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 1.04 0.69 0.74 1.28

Majestic 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 1.37 1.44 1.28 1.19 0.00

MJGCF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Majestic 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.


Majestic Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


MJGCF
50GF Score
Majestic Gold Corp MJGCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Majestic 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.

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

For example, Majestic 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)
=0.186/133.5265*133.5265
=0.186

Current CPI (Jun. 2026) = 133.5265.

Majestic Gold Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.053 101.054 0.070
201606 0.052 102.002 0.068
201609 0.050 101.765 0.066
201612 0.057 101.449 0.075
201703 0.054 102.634 0.070
201706 0.056 103.029 0.073
201709 0.045 103.345 0.058
201712 0.060 103.345 0.078
201803 0.067 105.004 0.085
201806 0.065 105.557 0.082
201809 0.060 105.636 0.076
201812 0.068 105.399 0.086
201903 0.071 106.979 0.089
201906 0.070 107.690 0.087
202003 0.061 107.927 0.075
202006 0.064 108.401 0.079
202009 0.071 108.164 0.088
202012 0.073 108.559 0.090
202103 0.076 110.298 0.092
202106 0.078 111.720 0.093
202109 0.079 112.905 0.093
202112 0.079 113.774 0.093
202203 0.083 117.646 0.094
202206 0.082 120.806 0.091
202209 0.082 120.648 0.091
202212 0.083 120.964 0.092
202303 0.087 122.702 0.095
202306 0.086 124.203 0.092
202309 0.088 125.230 0.094
202312 0.101 125.072 0.108
202403 0.103 126.258 0.109
202406 0.106 127.522 0.111
202409 0.110 127.285 0.115
202412 0.104 127.364 0.109
202503 0.107 129.181 0.111
202506 0.111 129.892 0.114
202509 0.114 130.287 0.117
202512 0.144 130.366 0.147
202603 0.149 132.262 0.150
202606 0.186 133.527 0.186

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.

Is Majestic Gold (MJGCF) Overvalued in 2026?

Based on GuruFocus' analysis, Majestic Gold stock appears to be undervalued. The current stock price of $0.08 is trading 20.6% below its estimated GF Value™ of $0.10. GuruFocus considers Majestic Gold to be Modestly Undervalued.

Key valuation signals for MJGCF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.10 vs. price of $0.08 (20.6% below fair value)
  • GF Score™: 50/100 with 6 warning signs

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


Majestic Gold Business Description

Other Exchanges MJT:GermanyMJS:Canada
Address 306 - 1688 152nd Street, Surrey, BC, CAN, V4A 4N2
Majestic Gold Corp is a gold mining company with mining operations in China, as well as exploration and evaluation properties held directly in China and Canada. Its key mineral property interests and mining operations are located in China, comprising the Songjiagou Gold Project, its flagship project, and the Mujin Gold Project. Additionally, it holds interests in the Sunset-Sunrise Mineral Property in Canada. Majestic Gold generates the majority of its revenue through the sales of gold bullion, and to a lesser extent, from the sales of sulfur.
50GF 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.

$0.08
Price
$0.10
GF Value