PMMTF (Precious Metals and Mining Trust) Cyclically Adjusted PB Ratio: 1.94 (As of Jul. 21, 2026) — 198% Above Median

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PMMTF Precious Metals and Mining Trust PMMTF
24 GF Score
Price $3.00
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What is Precious Metals and Mining Trust Cyclically Adjusted PB Ratio?

Precious Metals and Mining Trust PMMTF 24 Cyclically Adjusted PB Ratio is 1.94 as of Jul. 21, 2026, which is 198% above its 10-year median of 0.65. GuruFocus rates PMMTF with a GF Score™ of 24/100. The stock has 4 warning signs investors should review.

As of today (2026-07-21), Precious Metals and Mining Trust's current share price is $3.00. Precious Metals and Mining Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was $1.55. Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio for today is 1.94.

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

PMMTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.65   Max: 1.39
Current: 1.35

During the past 13 years, Precious Metals and Mining Trust's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.24. And the median was 0.65.

PMMTF's Cyclically Adjusted PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.84 vs PMMTF: 1.35

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.

Precious Metals and Mining Trust's adjusted book value per share data of for the fiscal year that ended in Dec24 was $1.307. 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 $1.55 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Precious Metals and Mining Trust  (OTCPK:PMMTF) 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.


Precious Metals and Mining Trust Cyclically Adjusted PB Ratio Related Terms


Precious Metals and Mining Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Precious Metals and Mining Trust'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.

Precious Metals and Mining Trust Cyclically Adjusted PB Ratio Chart

Precious Metals and Mining Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.81 0.77 0.71 0.78

Precious Metals and Mining Trust Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 0.00 0.71 0.00 0.78 0.00

PMMTF vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Precious Metals and Mining Trust'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.


Precious Metals and Mining Trust Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio falls into.


PMMTF
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Precious Metals and Mining Trust PMMTF
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Precious Metals and Mining Trust 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.

Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.00/1.55
=1.94

* 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.

Precious Metals and Mining Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Precious Metals and Mining Trust's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=1.307/127.3637*127.3637
=1.307

Current CPI (Dec24) = 127.3637.

Precious Metals and Mining Trust Annual Data

Book Value per Share CPI Adj_Book
201512 1.241 99.947 1.581
201612 1.759 101.449 2.208
201712 1.566 103.345 1.930
201812 1.100 105.399 1.329
201912 1.274 107.769 1.506
202012 1.976 108.559 2.318
202112 1.873 113.774 2.097
202212 1.449 120.964 1.526
202312 1.357 125.072 1.382
202412 1.307 127.364 1.307

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 1.94 mean?
Precious Metals and Mining Trust (PMMTF) has a Cyclically Adjusted PB Ratio of 1.94 as of Jul. 21, 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 Precious Metals and Mining Trust and its competitors. This is 198% above median its historical median of 0.65. Over the past decade, Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.39.
Is Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio too high?
Precious Metals and Mining Trust's current Cyclically Adjusted PB Ratio of 1.94 is 198% above median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.39. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Precious Metals and Mining Trust's value of 1.94 is 131% above this industry median. Overall, Precious Metals and Mining Trust has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio compare to BLK and BX?
Precious Metals and Mining Trust's Cyclically Adjusted PB Ratio of 1.94 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Precious Metals and Mining Trust's value of 1.94 is 131% above this benchmark. Historically, Precious Metals and Mining Trust's own Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.39 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.84, Precious Metals and Mining Trust 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 1,001 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. Precious Metals and Mining Trust's current Cyclically Adjusted PB Ratio of 1.94 is 131% 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 Precious Metals and Mining Trust and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Precious Metals and Mining Trust's current Cyclically Adjusted PB Ratio is 1.94, which is 198% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Precious Metals and Mining Trust stock overvalued right now?
Precious Metals and Mining Trust (PMMTF) has a current Cyclically Adjusted PB Ratio of 1.94. The current Cyclically Adjusted PB Ratio is 1.94, which is 198% above median its 10-year median of 0.65 and 131% above the Asset Management industry median of 0.84. Precious Metals and Mining Trust's overall GF Score™ is 24/100 with 4 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 Precious Metals and Mining Trust (PMMTF), the current Cyclically Adjusted PB Ratio is 1.94 as of Jul. 21, 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.

Precious Metals and Mining Trust Business Description

Address 15 York Street, Second Floor, Toronto, ON, CAN, M5J 0A3
Precious Metals and Mining Trust is an investment trust operating in Canada. The investment objective of the company is to provide long-term capital appreciation and monthly cash distributions. The investment portfolio of the trust includes equity securities of metals and minerals mining and exploration issuers.
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