NAK (Northern Dynasty Minerals) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

NAK Northern Dynasty Minerals Ltd NAK
19 GF Score
Price $1.39
! 1 Warning Sign
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What is Northern Dynasty Minerals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Northern Dynasty Minerals  (AMEX:NAK) 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.


Northern Dynasty Minerals Cyclically Adjusted PB Ratio Related Terms


Northern Dynasty Minerals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Northern Dynasty Minerals'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.

Northern Dynasty Minerals Cyclically Adjusted PB Ratio Chart

Northern Dynasty Minerals 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 0.46 0.37 0.69 1.71 6.94

Northern Dynasty Minerals 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 3.85 3.70 6.38 4.68 6.67

Northern Dynasty Minerals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Northern Dynasty Minerals'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.


Northern Dynasty Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


NAK
19GF Score
Northern Dynasty Minerals Ltd NAK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Dynasty Minerals 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.

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

For example, Northern Dynasty Minerals'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)
=0.014/133.5265*133.5265
=0.014

Current CPI (Jun. 2026) = 133.5265.

Northern Dynasty Minerals Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.421 101.765 0.552
201612 0.410 101.449 0.540
201703 0.487 102.634 0.634
201706 0.417 103.029 0.540
201709 0.380 103.345 0.491
201712 0.356 103.345 0.460
201803 0.329 105.004 0.418
201806 0.404 105.557 0.511
201809 0.358 105.636 0.453
201812 0.346 105.399 0.438
201903 0.319 106.979 0.398
201906 0.285 107.690 0.353
201909 0.271 107.611 0.336
201912 0.253 107.769 0.313
202003 0.233 107.927 0.288
202006 0.231 108.401 0.285
202009 0.279 108.164 0.344
202012 0.266 108.559 0.327
202103 0.255 110.298 0.309
202106 0.251 111.720 0.300
202109 0.238 112.905 0.281
202112 0.232 113.774 0.272
202203 0.226 117.646 0.257
202206 0.216 120.806 0.239
202209 0.208 120.648 0.230
202212 0.199 120.964 0.220
202303 0.189 122.702 0.206
202306 0.182 124.203 0.196
202309 0.177 125.230 0.189
202312 0.174 125.072 0.186
202403 0.166 126.258 0.176
202406 0.161 127.522 0.169
202409 0.155 127.285 0.163
202412 0.126 127.364 0.132
202503 0.073 129.181 0.075
202506 0.054 129.892 0.056
202509 0.079 130.287 0.081
202512 0.023 130.366 0.024
202603 0.054 132.262 0.055
202606 0.014 133.527 0.014

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.


Northern Dynasty Minerals Business Description

Address 1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1
Northern Dynasty Minerals Ltd is a mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a deposit of copper, gold, molybdenum, and silver into a modern mining operation.
19GF 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.

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