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Skeena Resources (Skeena Resources) Cyclically Adjusted PB Ratio : 4.31 (As of Jun. 15, 2024)


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What is Skeena Resources Cyclically Adjusted PB Ratio?

As of today (2024-06-15), Skeena Resources's current share price is $4.53. Skeena Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $1.05. Skeena Resources's Cyclically Adjusted PB Ratio for today is 4.31.

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

SKE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 5.11
Current: 4.37

During the past years, Skeena Resources's highest Cyclically Adjusted PB Ratio was 5.11. The lowest was 0.00. And the median was 0.00.

SKE's Cyclically Adjusted PB Ratio is ranked worse than
88.36% of 1633 companies
in the Metals & Mining industry
Industry Median: 0.84 vs SKE: 4.37

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.

Skeena Resources's adjusted book value per share data for the three months ended in Mar. 2024 was $0.830. 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 $1.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Skeena Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Skeena 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.

* Premium members only.

Skeena Resources Cyclically Adjusted PB Ratio Chart

Skeena Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.80 9.57 9.77 5.71 4.65

Skeena Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.39 4.76 4.53 4.65 4.40

Competitive Comparison of Skeena Resources's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, Skeena 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.


Skeena Resources's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Skeena 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.

Skeena Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.53/1.05
=4.31

* 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.

Skeena Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Skeena Resources's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.83/126.2576*126.2576
=0.830

Current CPI (Mar. 2024) = 126.2576.

Skeena Resources Quarterly Data

Book Value per Share CPI Adj_Book
201406 -0.877 99.473 -1.113
201409 -1.489 99.394 -1.891
201412 1.615 98.367 2.073
201503 1.407 99.789 1.780
201506 1.476 100.500 1.854
201509 0.845 100.421 1.062
201512 0.929 99.947 1.174
201603 0.884 101.054 1.104
201606 1.256 102.002 1.555
201609 1.223 101.765 1.517
201612 1.136 101.449 1.414
201703 1.067 102.634 1.313
201706 1.052 103.029 1.289
201709 0.980 103.345 1.197
201712 0.900 103.345 1.100
201803 0.955 105.004 1.148
201806 0.781 105.557 0.934
201809 0.684 105.636 0.818
201812 0.565 105.399 0.677
201903 0.523 106.979 0.617
201906 0.497 107.690 0.583
201909 0.368 107.611 0.432
201912 0.262 107.769 0.307
202003 0.335 107.927 0.392
202006 0.659 108.401 0.768
202009 0.376 108.164 0.439
202012 1.570 108.559 1.826
202103 1.399 110.298 1.601
202106 1.874 111.720 2.118
202109 1.568 112.905 1.753
202112 1.476 113.774 1.638
202203 1.600 117.646 1.717
202206 1.423 120.806 1.487
202209 1.323 120.648 1.385
202212 1.301 120.964 1.358
202303 1.161 122.702 1.195
202306 1.514 124.203 1.539
202309 1.174 125.230 1.184
202312 1.028 125.072 1.038
202403 0.830 126.258 0.830

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.


Skeena Resources  (NYSE:SKE) 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.


Skeena Resources Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Skeena Resources's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Skeena Resources (Skeena Resources) Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, Suite 650, Vancouver, BC, CAN, V6E 0C3
Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.

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