MXLGF (MX Gold) Cyclically Adjusted PB Ratio: 0.06 (As of Jul. 27, 2026) — 50% Above Median

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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.

What is MX Gold Cyclically Adjusted PB Ratio?

MX Gold MXLGF +3.09% Cyclically Adjusted PB Ratio is 0.06 as of Jul. 27, 2026, which is 50% above its 10-year median of 0.04. The stock has 1 warning sign investors should review. Among 624 Capital Markets companies, MX Gold ranks better than 98.56% on this metric.

As of today (2026-07-27), MX Gold's current share price is $0.01. MX Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.18. MX Gold's Cyclically Adjusted PB Ratio for today is 0.06.

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

MXLGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.04   Max: 1.42
Current: 0.05

During the past years, MX Gold's highest Cyclically Adjusted PB Ratio was 1.42. The lowest was 0.01. And the median was 0.04.

MXLGF's Cyclically Adjusted PB Ratio is ranked better than
98.56% of 624 companies
in the Capital Markets industry
Industry Median: 1.31 vs MXLGF: 0.05

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.

MX Gold's adjusted book value per share data for the three months ended in Mar. 2026 was $-0.045. 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 $0.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MX Gold  (OTCPK:MXLGF) 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.


MX Gold Cyclically Adjusted PB Ratio Related Terms


MX Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MX 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.

MX Gold Cyclically Adjusted PB Ratio Chart

MX 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 0.07 0.03 0.05 0.07 0.10

MX Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.08 0.09 0.08 0.10 0.12

MXLGF vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, MX 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.


MX Gold Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MX Gold's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MX 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.01/0.18
=0.06

* 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.

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

For example, MX Gold's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.045/132.2623*132.2623
=-0.045

Current CPI (Mar. 2026) = 132.2623.

MX Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.228 102.002 1.592
201609 1.318 101.765 1.713
201612 1.256 101.449 1.637
201703 1.238 102.634 1.595
201706 1.253 103.029 1.609
201709 1.520 103.345 1.945
201712 0.924 103.345 1.183
201803 0.826 105.004 1.040
201806 0.701 105.557 0.878
201809 0.141 105.636 0.177
201812 -0.014 105.399 -0.018
201903 -0.019 106.979 -0.023
201906 -0.041 107.690 -0.050
201909 -0.058 107.611 -0.071
201912 -0.071 107.769 -0.087
202003 -0.071 107.927 -0.087
202006 -0.078 108.401 -0.095
202009 -0.082 108.164 -0.100
202012 -0.089 108.559 -0.108
202103 -0.092 110.298 -0.110
202106 -0.062 111.720 -0.073
202109 -0.062 112.905 -0.073
202112 -0.082 113.774 -0.095
202203 -0.091 117.646 -0.102
202206 -0.095 120.806 -0.104
202209 -0.076 120.648 -0.083
202212 -0.030 120.964 -0.033
202303 -0.030 122.702 -0.032
202306 -0.048 124.203 -0.051
202309 -0.034 125.230 -0.036
202312 -0.036 125.072 -0.038
202403 -0.032 126.258 -0.034
202406 -0.033 127.522 -0.034
202409 -0.035 127.285 -0.036
202412 -0.038 127.364 -0.039
202503 -0.037 129.181 -0.038
202506 -0.040 129.892 -0.041
202509 -0.040 130.287 -0.041
202512 -0.044 130.366 -0.045
202603 -0.045 132.262 -0.045

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 0.06 mean?
MX Gold (MXLGF) has a Cyclically Adjusted PB Ratio of 0.06 as of Jul. 27, 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 MX Gold and its competitors. This is 50% above median its historical median of 0.04. Over the past decade, MX Gold's Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.42. According to the industry distribution chart, MX Gold ranks #9 out of 624 companies in the Capital Markets industry, placing it in the top 1.4%.
Is MX Gold's Cyclically Adjusted PB Ratio too high?
MX Gold's current Cyclically Adjusted PB Ratio of 0.06 is 50% above median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.42. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.31. MX Gold's value of 0.06 is 95.4% below this industry median. Based on the distribution chart, MX Gold ranks #9 out of 624 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers.
How does MX Gold's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, MX Gold ranks #9 out of 624 companies for Cyclically Adjusted PB Ratio. This places MX Gold in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.31. MX Gold's value of 0.06 is 95.4% below this benchmark. Historically, MX Gold's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.42 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 1.31, MX Gold has consistently been below 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.31, based on 624 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. MX Gold's current Cyclically Adjusted PB Ratio of 0.06 is 95.4% below 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 MX Gold and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MX Gold's current Cyclically Adjusted PB Ratio is 0.06, which is 50% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MX Gold stock overvalued right now?
MX Gold (MXLGF) has a current Cyclically Adjusted PB Ratio of 0.06. The current Cyclically Adjusted PB Ratio is 0.06, which is 50% above median its 10-year median of 0.04 and 95.4% below the Capital Markets industry median of 1.31. 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 MX Gold (MXLGF), the current Cyclically Adjusted PB Ratio is 0.06 as of Jul. 27, 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.

MX Gold Business Description

Other Exchanges 0DV1:GermanyMXL.H:Canada
Address 1300 Redonda Street, Winnipeg, MB, CAN, R2C 3T7
MX Gold Corp is an exploration and development stage company and has registered its operations in the Province of Manitoba under the operating name Winnipeg MX Gold.