Denarius Metals (NEOE:DMET) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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.

NEOE:DMET Denarius Metals Corp NEOE:DMET
28 GF Score
Price C$0.65
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What is Denarius Metals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Denarius Metals  (NEOE:DMET) 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.


Denarius Metals Cyclically Adjusted PB Ratio Related Terms


Denarius Metals Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Denarius 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.

Denarius Metals Cyclically Adjusted PB Ratio Chart

Denarius Metals Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Denarius Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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NEOE:DMET vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Denarius 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.


Denarius Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


NEOE:DMET
28GF Score
Denarius Metals Corp NEOE:DMET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Denarius 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.

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

For example, Denarius Metals'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)
=0.415/133.5265*133.5265
=0.415

Current CPI (Jun. 2026) = 133.5265.

Denarius Metals Quarterly Data

Book Value per Share CPI Adj_Book
201509 -5.379 100.421 -7.152
201512 -6.211 99.947 -8.298
201603 -5.825 101.054 -7.697
201606 -5.864 102.002 -7.676
201609 -2.594 101.765 -3.404
201612 -2.968 101.449 -3.906
201703 -4.881 102.634 -6.350
201706 -5.303 103.029 -6.873
201709 -5.207 103.345 -6.728
201712 -5.322 103.345 -6.876
201803 -5.094 105.004 -6.478
201806 -5.427 105.557 -6.865
201809 -5.987 105.636 -7.568
201812 -6.335 105.399 -8.026
201903 -6.543 106.979 -8.167
201906 -6.633 107.690 -8.224
201909 -6.586 107.611 -8.172
201912 -6.594 107.769 -8.170
202003 -6.619 107.927 -8.189
202103 1.589 110.298 1.924
202106 3.125 111.720 3.735
202109 3.003 112.905 3.551
202112 2.870 113.774 3.368
202203 2.777 117.646 3.152
202206 2.663 120.806 2.943
202212 2.397 120.964 2.646
202303 1.378 122.702 1.500
202306 1.040 124.203 1.118
202309 0.998 125.230 1.064
202312 0.807 125.072 0.862
202403 0.577 126.258 0.610
202406 0.778 127.522 0.815
202409 0.583 127.285 0.612
202412 0.608 127.364 0.637
202503 0.588 129.181 0.608
202506 0.557 129.892 0.573
202509 0.452 130.287 0.463
202512 0.361 130.366 0.370
202603 0.304 132.262 0.307
202606 0.415 133.527 0.415

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.


Denarius Metals Business Description

Other Exchanges DNRSF:USAT7C0:Germany
Address 357 Bay Street, 1st Floor, Toronto, ON, CAN, M5H 4A6
Denarius Metals Corp is engaged in the acquisition, exploration, development, and operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The company's reportable segments and geographical location includes Colombia, Spain, and Corporate.
28GF 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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