OBULF (One Bullion) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Vera Yuan
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.
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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.

OBULF One Bullion Ltd OBULF
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What is One Bullion Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


One Bullion  (OTCPK:OBULF) 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.


One Bullion Cyclically Adjusted PB Ratio Related Terms


One Bullion Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for One Bullion'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.

One Bullion Cyclically Adjusted PB Ratio Chart

One Bullion Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Dec25
Cyclically Adjusted PB Ratio
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One Bullion Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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OBULF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, One Bullion'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.


One Bullion Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


OBULF
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One Bullion Ltd OBULF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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One Bullion 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.

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

For example, One Bullion'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)
=0.233/133.5265*133.5265
=0.233

Current CPI (Jun. 2026) = 133.5265.

One Bullion Quarterly Data

Book Value per Share CPI Adj_Book
201603 29.270 101.054 38.676
201606 26.483 102.002 34.668
201609 25.494 101.765 33.451
201612 28.656 101.449 37.717
201703 29.548 102.634 38.442
201706 31.976 103.029 41.441
201709 34.764 103.345 44.917
201712 37.153 103.345 48.004
201803 36.114 105.004 45.924
201806 37.712 105.557 47.705
201809 36.741 105.636 46.442
201812 34.575 105.399 43.802
201903 31.442 106.979 39.244
201906 31.393 107.690 38.925
201909 29.839 107.611 37.025
201912 29.525 107.769 36.582
202003 25.927 107.927 32.077
202006 20.564 108.401 25.330
202009 15.604 108.164 19.263
202012 17.657 108.559 21.718
202103 17.721 110.298 21.453
202106 16.405 111.720 19.607
202109 18.183 112.905 21.504
202112 17.577 113.774 20.629
202203 17.232 117.646 19.558
202206 18.798 120.806 20.777
202209 16.152 120.648 17.876
202212 17.372 120.964 19.176
202303 17.135 122.702 18.647
202306 21.400 124.203 23.006
202309 21.221 125.230 22.627
202312 0.487 125.072 0.520
202403 0.435 126.258 0.460
202406 0.389 127.522 0.407
202503 0.210 129.181 0.217
202506 0.182 129.892 0.187
202509 -0.043 130.287 -0.044
202512 0.201 130.366 0.206
202603 0.302 132.262 0.305
202606 0.233 133.527 0.233

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.


One Bullion Business Description

Other Exchanges OBUL:Canada
Address 130 Spadina Avenue, Suite 401, Toronto, ON, CAN, M5V 2L4
One Bullion Ltd is the gold exploration company in Botswana. The company leverages AI-driven targeting and extensive geological surveys to maximize gold discovery in one of Africas stable and pro-mining jurisdictions.
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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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