SICNF (Pirate Gold) Cyclically Adjusted PB Ratio: 5.55 (As of Jul. 17, 2026) — 1690% Above Median

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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.

SICNF Pirate Gold Corp SICNF
36 GF Score
Price $0.17
! 1 Warning Sign
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What is Pirate Gold Cyclically Adjusted PB Ratio?

Pirate Gold SICNF +1.68% 36 Cyclically Adjusted PB Ratio is 5.55 as of Jul. 17, 2026, which is 1690% above its 10-year median of 0.31. GuruFocus rates SICNF with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 1,547 Metals & Mining companies, Pirate Gold ranks worse than 84.36% on this metric.

As of today (2026-07-17), Pirate Gold's current share price is $0.1665. Pirate Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.03. Pirate Gold's Cyclically Adjusted PB Ratio for today is 5.55.

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

SICNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.31   Max: 6.2
Current: 6.2

During the past years, Pirate Gold's highest Cyclically Adjusted PB Ratio was 6.20. The lowest was 0.04. And the median was 0.31.

SICNF's Cyclically Adjusted PB Ratio is ranked worse than
84.36% of 1547 companies
in the Metals & Mining industry
Industry Median: 1.44 vs SICNF: 6.20

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.

Pirate Gold's adjusted book value per share data for the three months ended in Mar. 2026 was $0.033. 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 $0.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pirate Gold  (OTCPK:SICNF) 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.


Pirate Gold Cyclically Adjusted PB Ratio Related Terms


Pirate Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pirate Gold'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.

Pirate Gold Cyclically Adjusted PB Ratio Chart

Pirate Gold Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.48 4.69 2.45 1.03 1.07

Pirate Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.19 1.07 2.56 6.09 5.43

SICNF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Pirate Gold'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.


Pirate Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


SICNF
36GF Score
Pirate Gold Corp SICNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pirate Gold 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.

Pirate Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.1665/0.03
=5.55

* 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.

Pirate Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pirate Gold's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.033/132.2623*132.2623
=0.033

Current CPI (Mar. 2026) = 132.2623.

Pirate Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.012 102.002 0.016
201609 0.011 101.765 0.014
201612 0.011 101.449 0.014
201703 0.016 102.634 0.021
201706 0.014 103.029 0.018
201709 0.013 103.345 0.017
201712 0.021 103.345 0.027
201803 0.020 105.004 0.025
201806 0.018 105.557 0.023
201809 0.041 105.636 0.051
201812 0.037 105.399 0.046
201903 0.031 106.979 0.038
201906 0.028 107.690 0.034
201909 0.024 107.611 0.029
201912 0.022 107.769 0.027
202003 0.017 107.927 0.021
202006 0.021 108.401 0.026
202009 0.019 108.164 0.023
202012 0.031 108.559 0.038
202103 0.035 110.298 0.042
202106 0.067 111.720 0.079
202109 0.054 112.905 0.063
202112 0.045 113.774 0.052
202203 0.053 117.646 0.060
202206 0.040 120.806 0.044
202209 0.026 120.648 0.029
202212 0.029 120.964 0.032
202303 0.023 122.702 0.025
202306 0.017 124.203 0.018
202309 0.010 125.230 0.011
202312 0.026 125.072 0.027
202403 0.023 126.258 0.024
202406 0.020 127.522 0.021
202409 0.017 127.285 0.018
202412 0.015 127.364 0.016
202503 0.013 129.181 0.013
202506 0.009 129.892 0.009
202509 0.010 130.287 0.010
202512 0.039 130.366 0.040
202603 0.033 132.262 0.033

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 5.55 mean?
Pirate Gold (SICNF) has a Cyclically Adjusted PB Ratio of 5.55 as of Jul. 17, 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 Pirate Gold and its competitors. This is 1690% above median its historical median of 0.31. Over the past decade, Pirate Gold's Cyclically Adjusted PB Ratio has ranged from 0.04 to 6.20. According to the industry distribution chart, Pirate Gold ranks #1305 out of 1547 companies in the Metals & Mining industry, placing it in the top 84.4%.
Is Pirate Gold's Cyclically Adjusted PB Ratio too high?
Pirate Gold's current Cyclically Adjusted PB Ratio of 5.55 is 1690% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 6.20. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.44. Pirate Gold's value of 5.55 is 285.4% above this industry median. Based on the distribution chart, Pirate Gold ranks #1305 out of 1547 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Pirate Gold has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Pirate Gold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pirate Gold ranks #1305 out of 1547 companies for Cyclically Adjusted PB Ratio. This places Pirate Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Pirate Gold's value of 5.55 is 285.4% above this benchmark. Historically, Pirate Gold's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 6.20 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.44, Pirate Gold 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 1.44, based on 1,547 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. Pirate Gold's current Cyclically Adjusted PB Ratio of 5.55 is 285.4% 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 Pirate Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pirate Gold's current Cyclically Adjusted PB Ratio is 5.55, which is 1690% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pirate Gold stock overvalued right now?
Pirate Gold (SICNF) has a current Cyclically Adjusted PB Ratio of 5.55. The current Cyclically Adjusted PB Ratio is 5.55, which is 1690% above median its 10-year median of 0.31 and 285.4% above the Metals & Mining industry median of 1.44. Pirate Gold's overall GF Score™ is 36/100 with 1 warning sign 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 Pirate Gold (SICNF), the current Cyclically Adjusted PB Ratio is 5.55 as of Jul. 17, 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.

Pirate Gold Business Description

Other Exchanges T24:GermanyYARR:Canada
Address 82 Richmond Street East, 1st Floor, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1
Pirate Gold Corp focuses on the owned district-scale Treasure Island Gold Project, along with a portfolio of gold projects, including the district-scale Fleur de Lys Project.
36GF 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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