Forsys Metals (NAM:FSY) Cyclically Adjusted PB Ratio: 1.93 (As of Jul. 14, 2026)

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NAM:FSY Forsys Metals Corp NAM:FSY
38 GF Score
Price R10.15
! 1 Warning Sign
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What is Forsys Metals Cyclically Adjusted PB Ratio?

Forsys Metals NAM:FSY 38 Cyclically Adjusted PB Ratio is 1.93 as of Jul. 14, 2026. GuruFocus rates NAM:FSY with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 1,544 Metals & Mining companies, Forsys Metals ranks worse than 56.93% on this metric.

As of today (2026-07-14), Forsys Metals's current share price is R10.15. Forsys Metals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R5.25. Forsys Metals's Cyclically Adjusted PB Ratio for today is 1.93.

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

NAM:FSY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.94
Current: 1.94

During the past years, Forsys Metals's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 0.00. And the median was 0.00.

NAM:FSY's Cyclically Adjusted PB Ratio is ranked worse than
56.93% of 1544 companies
in the Metals & Mining industry
Industry Median: 1.44 vs NAM:FSY: 1.94

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.

Forsys Metals's adjusted book value per share data for the three months ended in Mar. 2026 was R2.122. 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 R5.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forsys Metals  (NAM:FSY) 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.


Forsys Metals Cyclically Adjusted PB Ratio Related Terms


Forsys Metals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Forsys Metals'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.

Forsys Metals Cyclically Adjusted PB Ratio Chart

Forsys Metals 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 1.55 1.03 1.91 2.11 1.21

Forsys Metals 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 2.54 2.25 2.23 1.21 1.96

Forsys Metals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Forsys Metals'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.


Forsys Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


NAM:FSY
38GF Score
Forsys Metals Corp NAM:FSY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forsys Metals 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.

Forsys Metals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.15/5.25
=1.93

* 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.

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

For example, Forsys Metals'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)
=2.122/132.2623*132.2623
=2.122

Current CPI (Mar. 2026) = 132.2623.

Forsys Metals Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.340 102.002 9.518
201609 6.489 101.765 8.434
201612 6.306 101.449 8.221
201703 5.893 102.634 7.594
201706 5.857 103.029 7.519
201709 6.220 103.345 7.960
201712 1.060 103.345 1.357
201803 1.092 105.004 1.375
201806 0.937 105.557 1.174
201809 1.071 105.636 1.341
201812 1.056 105.399 1.325
201903 1.038 106.979 1.283
201906 1.060 107.690 1.302
201909 1.028 107.611 1.263
201912 1.027 107.769 1.260
202003 0.971 107.927 1.190
202006 1.002 108.401 1.223
202009 1.003 108.164 1.226
202012 0.978 108.559 1.192
202103 0.977 110.298 1.172
202106 1.493 111.720 1.768
202109 1.465 112.905 1.716
202112 1.576 113.774 1.832
202203 1.780 117.646 2.001
202206 1.761 120.806 1.928
202209 1.820 120.648 1.995
202212 1.640 120.964 1.793
202303 1.652 122.702 1.781
202306 1.660 124.203 1.768
202309 1.627 125.230 1.718
202312 1.583 125.072 1.674
202403 1.540 126.258 1.613
202406 1.503 127.522 1.559
202409 1.468 127.285 1.525
202412 1.359 127.364 1.411
202503 1.585 129.181 1.623
202506 1.573 129.892 1.602
202509 1.549 130.287 1.572
202512 2.170 130.366 2.202
202603 2.122 132.262 2.122

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 1.93 mean?
Forsys Metals (NAM:FSY) has a Cyclically Adjusted PB Ratio of 1.93 as of Jul. 14, 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 Forsys Metals and its competitors. According to the industry distribution chart, Forsys Metals ranks #879 out of 1544 companies in the Metals & Mining industry, placing it in the top 56.9%.
Is Forsys Metals' Cyclically Adjusted PB Ratio too high?
Forsys Metals' current Cyclically Adjusted PB Ratio is 1.93. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.44. Forsys Metals' value of 1.93 is 34% above this industry median. Based on the distribution chart, Forsys Metals ranks #879 out of 1544 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Forsys Metals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Forsys Metals' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Forsys Metals ranks #879 out of 1544 companies for Cyclically Adjusted PB Ratio. This places Forsys Metals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Forsys Metals' value of 1.93 is 34% above this benchmark. 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 1.44, based on 1,544 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. Forsys Metals's current Cyclically Adjusted PB Ratio of 1.93 is 34% 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 Forsys Metals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forsys Metals's current Cyclically Adjusted PB Ratio is 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forsys Metals stock overvalued right now?
Forsys Metals (NAM:FSY) has a current Cyclically Adjusted PB Ratio of 1.93. The current Cyclically Adjusted PB Ratio is 1.93 and 34% above the Metals & Mining industry median of 1.44. Forsys Metals' overall GF Score™ is 38/100 with 1 warning sign to review. 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 Forsys Metals (NAM:FSY), the current Cyclically Adjusted PB Ratio is 1.93 as of Jul. 14, 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.

Forsys Metals Business Description

Address 20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6
Forsys Metals Corp is engaged in the acquisition, exploration, and development of mineral properties in Namibia, Africa. The Company's operations are focused on its uranium projects, including the Norasa Uranium Project, Valencia Uranium Project, and Namibplaas Uranium Project.
38GF Score

Get the complete analysis for NAM:FSY

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

R10.15
Price