Northern Star ResourcesNESRF -3.37%93 Cyclically Adjusted PB Ratio is 4.16 as of Jul. 07, 2026, which is 36% below its 10-year median of 6.47. GuruFocus rates NESRF with a GF Scoreâ„¢ of 93/100 and a GF Valueâ„¢ of $13.92 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,545 Metals & Mining companies, Northern Star Resources ranks worse than 74.63% on this metric.
The historical rank and industry rank for Northern Star Resources's Cyclically Adjusted PB Ratio or its related term are showing as below:
NESRF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.77 Med: 6.47 Max: 23.86
Current: 4.2
During the past 13 years, Northern Star Resources's highest Cyclically Adjusted PB Ratio was 23.86. The lowest was 2.77. And the median was 6.47.
NESRF's Cyclically Adjusted PB Ratio is ranked worse than 74.63% of 1545
companies
in the Metals & Mining industry
Industry Median: 1.54
vs NESRF: 4.20
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.
Northern Star Resources's adjusted book value per share data of for the fiscal year that ended in Jun25 was $6.798. 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 $3.49 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Northern Star Resources (OTCPK:NESRF) 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 Star Resources Cyclically Adjusted PB Ratio Related Terms
Northern Star Resources Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Northern Star Resources'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 Star Resources Cyclically Adjusted PB Ratio Chart
NESRF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison
For the Gold subindustry, Northern Star Resources'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 Star Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Northern Star Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Northern Star Resources's Cyclically Adjusted PB Ratio falls into.
Northern Star Resources 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.
* 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.
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 4.16 mean?
Northern Star Resources (NESRF) has a Cyclically Adjusted PB Ratio of 4.16 as of Jul. 07, 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 Northern Star Resources and its competitors. This is 36% below median its historical median of 6.47. Over the past decade, Northern Star Resources' Cyclically Adjusted PB Ratio has ranged from 2.77 to 23.86. According to the industry distribution chart, Northern Star Resources ranks #1153 out of 1545 companies in the Metals & Mining industry, placing it in the top 74.6%.
Is Northern Star Resources' Cyclically Adjusted PB Ratio too high?
Northern Star Resources' current Cyclically Adjusted PB Ratio of 4.16 is 36% below median its 10-year median of 6.47. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 23.86. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.54. Northern Star Resources' value of 4.16 is 170.1% above this industry median. Based on the distribution chart, Northern Star Resources ranks #1153 out of 1545 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Northern Star Resources has a GF Scoreâ„¢ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Star Resources' Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Northern Star Resources ranks #1153 out of 1545 companies for Cyclically Adjusted PB Ratio. This places Northern Star Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Northern Star Resources' value of 4.16 is 170.1% above this benchmark. Historically, Northern Star Resources' own Cyclically Adjusted PB Ratio has ranged from 2.77 to 23.86 over the past decade. While the company's 10-year median is 6.47 vs. the industry median of 1.54, Northern Star Resources has consistently been above 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.54, based on 1,545 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. Northern Star Resources's current Cyclically Adjusted PB Ratio of 4.16 is 170.1% 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 Northern Star Resources and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Star Resources's current Cyclically Adjusted PB Ratio is 4.16, which is 36% below median its own 10-year median of 6.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Star Resources stock overvalued right now?
Based on GuruFocus' analysis, Northern Star Resources (NESRF) is currently considered Fairly Valued. The stock's GF Value™ is $13.92, compared to a current price of $14.51 — trading 4.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.16, which is 36% below median its 10-year median of 6.47 and 170.1% above the Metals & Mining industry median of 1.54. Northern Star Resources' overall GF Score™ is 93/100 with 3 warning signs 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 Northern Star Resources (NESRF), the current Cyclically Adjusted PB Ratio is 4.16 as of Jul. 07, 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.
Is Northern Star Resources (NESRF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Star Resources stock appears to be overvalued.
The current stock price of $14.51 is trading 4.2% above its estimated GF Value™ of $13.92.
GuruFocus considers Northern Star Resources to be Fairly Valued.
Key valuation signals for NESRF:
Cyclically Adjusted PB Ratio: 4.16 (36% below median its 10-year median of 6.47)
GF Value™: $13.92 vs. price of $14.51 (4.2% above fair value)
Industry Position: 170.1% above the Metals & Mining median (#1153 of 1545)
No single metric tells the full story. See the NESRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.
93GF Score
Get the complete analysis for NESRF
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NESRF has been successfully added to your 
