Spanish Mountain Gold (STU:S3Y) Cyclically Adjusted PB Ratio: 1.08 (As of Aug. 26, 2026)

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STU:S3Y Spanish Mountain Gold Ltd STU:S3Y
37 GF Score
Price €0.23
! 2 Warning Signs
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What is Spanish Mountain Gold Cyclically Adjusted PB Ratio?

Spanish Mountain Gold STU:S3Y -2.59% 37 Cyclically Adjusted PB Ratio is 1.08 as of Aug. 26, 2026. GuruFocus rates STU:S3Y with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 1,512 Metals & Mining companies, Spanish Mountain Gold ranks better than 57.08% on this metric.

As of today (2026-08-26), Spanish Mountain Gold's current share price is €0.226. Spanish Mountain Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.21. Spanish Mountain Gold's Cyclically Adjusted PB Ratio for today is 1.08.

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

STU:S3Y' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.11
Current: 1.11

During the past years, Spanish Mountain Gold's highest Cyclically Adjusted PB Ratio was 1.11. The lowest was 0.00. And the median was 0.00.

STU:S3Y's Cyclically Adjusted PB Ratio is ranked better than
57.08% of 1512 companies
in the Metals & Mining industry
Industry Median: 1.575 vs STU:S3Y: 1.11

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.

Spanish Mountain Gold's adjusted book value per share data for the three months ended in Mar. 2026 was €0.139. 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 €0.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spanish Mountain Gold  (STU:S3Y) 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.


Spanish Mountain Gold Cyclically Adjusted PB Ratio Related Terms


Spanish Mountain Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spanish Mountain 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.

Spanish Mountain Gold Cyclically Adjusted PB Ratio Chart

Spanish Mountain Gold 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 0.55 0.41 0.48 0.28 0.69

Spanish Mountain 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 0.34 0.48 0.47 0.69 0.75

STU:S3Y vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Spanish Mountain 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.


Spanish Mountain Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


STU:S3Y
37GF Score
Spanish Mountain Gold Ltd STU:S3Y
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spanish Mountain 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.226/0.21
=1.08

* 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.

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

For example, Spanish Mountain 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)
=0.139/132.2623*132.2623
=0.139

Current CPI (Mar. 2026) = 132.2623.

Spanish Mountain Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.238 102.002 0.309
201609 0.240 101.765 0.312
201612 0.251 101.449 0.327
201703 0.246 102.634 0.317
201706 0.235 103.029 0.302
201709 0.230 103.345 0.294
201712 0.219 103.345 0.280
201803 0.207 105.004 0.261
201806 0.215 105.557 0.269
201809 0.217 105.636 0.272
201812 0.216 105.399 0.271
201903 0.218 106.979 0.270
201906 0.219 107.690 0.269
201909 0.221 107.611 0.272
201912 0.219 107.769 0.269
202003 0.208 107.927 0.255
202006 0.210 108.401 0.256
202009 0.183 108.164 0.224
202012 0.179 108.559 0.218
202103 0.186 110.298 0.223
202106 0.188 111.720 0.223
202109 0.185 112.905 0.217
202112 0.190 113.774 0.221
202203 0.196 117.646 0.220
202206 0.201 120.806 0.220
202209 0.205 120.648 0.225
202212 0.188 120.964 0.206
202303 0.184 122.702 0.198
202306 0.183 124.203 0.195
202309 0.181 125.230 0.191
202312 0.177 125.072 0.187
202403 0.175 126.258 0.183
202406 0.172 127.522 0.178
202409 0.168 127.285 0.175
202412 0.158 127.364 0.164
202503 0.152 129.181 0.156
202506 0.149 129.892 0.152
202509 0.139 130.287 0.141
202512 0.137 130.366 0.139
202603 0.139 132.262 0.139

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 1.08 mean?
Spanish Mountain Gold (STU:S3Y) has a Cyclically Adjusted PB Ratio of 1.08 as of Aug. 26, 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 Spanish Mountain Gold and its competitors. According to the industry distribution chart, Spanish Mountain Gold ranks #649 out of 1512 companies in the Metals & Mining industry, placing it in the top 42.9%.
Is Spanish Mountain Gold's Cyclically Adjusted PB Ratio too high?
Spanish Mountain Gold's current Cyclically Adjusted PB Ratio is 1.08. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.58. Spanish Mountain Gold's value of 1.08 is 31.4% below this industry median. Based on the distribution chart, Spanish Mountain Gold ranks #649 out of 1512 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Spanish Mountain Gold has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Spanish Mountain Gold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Spanish Mountain Gold ranks #649 out of 1512 companies for Cyclically Adjusted PB Ratio. This puts Spanish Mountain Gold in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. Spanish Mountain Gold's value of 1.08 is 31.4% below this benchmark. 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 1.58, based on 1,512 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. Spanish Mountain Gold's current Cyclically Adjusted PB Ratio of 1.08 is 31.4% below 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 Spanish Mountain Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spanish Mountain Gold's current Cyclically Adjusted PB Ratio is 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spanish Mountain Gold stock overvalued right now?
Spanish Mountain Gold (STU:S3Y) has a current Cyclically Adjusted PB Ratio of 1.08. The current Cyclically Adjusted PB Ratio is 1.08 and 31.4% below the Metals & Mining industry median of 1.58. Spanish Mountain Gold's overall GF Score™ is 37/100 with 2 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 Spanish Mountain Gold (STU:S3Y), the current Cyclically Adjusted PB Ratio is 1.08 as of Aug. 26, 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.

Spanish Mountain Gold Business Description

Other Exchanges SPAUF:USASPA:Canada
Address 1111 Melville Street, Suite 910, Vancouver, BC, CAN, V6E 3V6
Spanish Mountain Gold Ltd is an exploration stage resource company. It is focused on advancing its Spanish Mountain Gold Project towards its goal to build the next gold mine in the Cariboo Gold Corridor, British Columbia.
37GF 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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