NILIF (Surge Battery Metals) Cyclically Adjusted PB Ratio: 18.07 (As of Sep. 04, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

NILIF Surge Battery Metals Inc NILIF
33 GF Score
Price $0.72
! 2 Warning Signs
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What is Surge Battery Metals Cyclically Adjusted PB Ratio?

Surge Battery Metals NILIF +1.84% 33 Cyclically Adjusted PB Ratio is 18.07 as of Sep. 04, 2026. GuruFocus rates NILIF with a GF Score™ of 33/100. The stock has 2 warning signs investors should review. Among 1,500 Metals & Mining companies, Surge Battery Metals ranks worse than 94.4% on this metric.

As of today (2026-09-04), Surge Battery Metals's current share price is $0.72267. Surge Battery Metals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.04. Surge Battery Metals's Cyclically Adjusted PB Ratio for today is 18.07.

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

NILIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 15.3
Current: 15.3

During the past years, Surge Battery Metals's highest Cyclically Adjusted PB Ratio was 15.30. The lowest was 0.00. And the median was 0.00.

NILIF's Cyclically Adjusted PB Ratio is ranked worse than
94.4% of 1500 companies
in the Metals & Mining industry
Industry Median: 1.55 vs NILIF: 15.30

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.

Surge Battery Metals's adjusted book value per share data for the three months ended in Jun. 2026 was $0.192. 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 $0.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Surge Battery Metals  (OTCPK:NILIF) 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.


Surge Battery Metals Cyclically Adjusted PB Ratio Related Terms


Surge Battery Metals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Surge Battery 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.

Surge Battery Metals Cyclically Adjusted PB Ratio Chart

Surge Battery 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 0.13 0.60 5.34 0.00 16.23

Surge Battery Metals 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 11.94 8.20 16.23 10.56 11.40

Surge Battery Metals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Surge Battery 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.


Surge Battery Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


NILIF
33GF Score
Surge Battery Metals Inc NILIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Surge Battery 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.72267/0.04
=18.07

* 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.

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

For example, Surge Battery 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)
=0.192/133.5265*133.5265
=0.192

Current CPI (Jun. 2026) = 133.5265.

Surge Battery Metals Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.031 101.765 -0.041
201612 -0.102 101.449 -0.134
201703 -0.125 102.634 -0.163
201706 -0.138 103.029 -0.179
201709 -0.199 103.345 -0.257
201712 0.168 103.345 0.217
201803 0.164 105.004 0.209
201806 0.130 105.557 0.164
201809 0.119 105.636 0.150
201812 0.089 105.399 0.113
201903 0.066 106.979 0.082
201906 0.067 107.690 0.083
201909 0.087 107.611 0.108
201912 0.026 107.769 0.032
202003 0.017 107.927 0.021
202006 0.008 108.401 0.010
202009 -0.001 108.164 -0.001
202012 -0.006 108.559 -0.007
202103 0.042 110.298 0.051
202106 0.045 111.720 0.054
202109 0.043 112.905 0.051
202112 0.048 113.774 0.056
202203 0.046 117.646 0.052
202206 0.043 120.806 0.048
202209 0.038 120.648 0.042
202212 0.032 120.964 0.035
202303 0.038 122.702 0.041
202306 0.083 124.203 0.089
202309 0.072 125.230 0.077
202312 0.076 125.072 0.081
202403 0.071 126.258 0.075
202406 0.069 127.522 0.072
202409 0.067 127.285 0.070
202412 0.050 127.364 0.052
202503 0.048 129.181 0.050
202506 0.056 129.892 0.058
202509 0.054 130.287 0.055
202512 0.063 130.366 0.065
202603 0.129 132.262 0.130
202606 0.192 133.527 0.192

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 18.07 mean?
Surge Battery Metals (NILIF) has a Cyclically Adjusted PB Ratio of 18.07 as of Sep. 04, 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 Surge Battery Metals and its competitors. According to the industry distribution chart, Surge Battery Metals ranks #1416 out of 1500 companies in the Metals & Mining industry, placing it in the top 94.4%.
Is Surge Battery Metals' Cyclically Adjusted PB Ratio too high?
Surge Battery Metals' current Cyclically Adjusted PB Ratio is 18.07. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.55. Surge Battery Metals' value of 18.07 is 1065.8% above this industry median. Based on the distribution chart, Surge Battery Metals ranks #1416 out of 1500 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Surge Battery Metals has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Surge Battery Metals' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Surge Battery Metals ranks #1416 out of 1500 companies for Cyclically Adjusted PB Ratio. This places Surge Battery Metals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Surge Battery Metals' value of 18.07 is 1065.8% 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 1.55, based on 1,500 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. Surge Battery Metals's current Cyclically Adjusted PB Ratio of 18.07 is 1065.8% 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 Surge Battery Metals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surge Battery Metals's current Cyclically Adjusted PB Ratio is 18.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surge Battery Metals stock overvalued right now?
Surge Battery Metals (NILIF) has a current Cyclically Adjusted PB Ratio of 18.07. The current Cyclically Adjusted PB Ratio is 18.07 and 1065.8% above the Metals & Mining industry median of 1.55. Surge Battery Metals' overall GF Score™ is 33/100 with 2 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 Surge Battery Metals (NILIF), the current Cyclically Adjusted PB Ratio is 18.07 as of Sep. 04, 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.

Surge Battery Metals Business Description

Other Exchanges DJ5:GermanyNILI:Canada
Address 300 -1455 Bellevue Avenue, West Vancouver, BC, CAN, V7T 1C3
Surge Battery Metals Inc is an exploration stage company engaged in the acquisition, exploration and development of mineral properties carried out in Canada and USA. Its project include Nevada North Lithium Project and San Emidio Lithium Project.
33GF Score

Get the complete analysis for NILIF

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

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