Dundee (STU:1DUA) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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.
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.

STU:1DUA Dundee Corp STU:1DUA
61 GF Score
Price €3.20
GF Value €2.21
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Dundee Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dundee  (STU:1DUA) 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.


Dundee Cyclically Adjusted PB Ratio Related Terms


Dundee Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dundee'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.

Dundee Cyclically Adjusted PB Ratio Chart

Dundee 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 0.08 0.09 0.08 0.17 0.50

Dundee Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 0.29 0.46 0.50 0.50 0.44

STU:1DUA vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Dundee'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.


Dundee Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


STU:1DUA
61GF Score
Dundee Corp STU:1DUA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dundee 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.

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

For example, Dundee'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)
=3.9/133.5265*133.5265
=3.900

Current CPI (Jun. 2026) = 133.5265.

Dundee Quarterly Data

Book Value per Share CPI Adj_Book
201603 10.837 101.054 14.319
201606 10.847 102.002 14.199
201609 10.433 101.765 13.689
201612 9.470 101.449 12.464
201703 9.765 102.634 12.704
201706 9.012 103.029 11.680
201709 8.200 103.345 10.595
201803 6.578 105.004 8.365
201806 5.924 105.557 7.494
201809 5.210 105.636 6.586
201812 4.617 105.399 5.849
201903 5.024 106.979 6.271
201906 3.200 107.690 3.968
201909 3.104 107.611 3.852
201912 3.065 107.769 3.798
202003 1.746 107.927 2.160
202006 2.071 108.401 2.551
202009 2.172 108.164 2.681
202012 2.376 108.559 2.922
202103 2.590 110.298 3.135
202106 2.492 111.720 2.978
202109 2.120 112.905 2.507
202112 2.020 113.774 2.371
202203 2.343 117.646 2.659
202206 2.027 120.806 2.240
202209 2.069 120.648 2.290
202303 2.022 122.702 2.200
202306 2.052 124.203 2.206
202309 1.857 125.230 1.980
202312 1.818 125.072 1.941
202403 1.868 126.258 1.976
202406 2.143 127.522 2.244
202409 2.123 127.285 2.227
202412 2.091 127.364 2.192
202503 2.181 129.181 2.254
202506 2.251 129.892 2.314
202509 2.826 130.287 2.896
202512 4.144 130.366 4.244
202603 4.106 132.262 4.145
202606 3.900 133.527 3.900

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.

Is Dundee (STU:1DUA) Overvalued in 2026?

Based on GuruFocus' analysis, Dundee stock appears to be overvalued. The current stock price of €3.20 is trading 44.8% above its estimated GF Value™ of €2.21. GuruFocus considers Dundee to be Significantly Overvalued.

Key valuation signals for STU:1DUA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.21 vs. price of €3.20 (44.8% above fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the STU:1DUA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dundee Business Description

Address 80 Richmond Street West, Suite 2000, Corporate Legal, Toronto, ON, CAN, M5H 2A4
Dundee Corp is a public Canadian mining focused holding company. The Corporation is engaged in acquiring mineral resource assets. The company acts as a active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than thirty years of experience making accretive mining investments. The company's reporting segments consist of mining investments, mining services, corporate, and others.
61GF Score

Get the complete analysis for STU:1DUA

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

€3.20
Price
€2.21
GF Value