TNTMF (Transition Metals) Cyclically Adjusted PB Ratio: 0.58 (As of Jul. 21, 2026) — Near Median

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.

What is Transition Metals Cyclically Adjusted PB Ratio?

Transition Metals TNTMF Cyclically Adjusted PB Ratio is 0.58 as of Jul. 21, 2026, which is 6% below its 10-year median of 0.62. The stock has 3 warning signs investors should review. Among 1,542 Metals & Mining companies, Transition Metals ranks better than 75.42% on this metric.

As of today (2026-07-21), Transition Metals's current share price is $0.0463. Transition Metals's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was $0.08. Transition Metals's Cyclically Adjusted PB Ratio for today is 0.58.

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

TNTMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.62   Max: 1.73
Current: 0.45

During the past years, Transition Metals's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 0.23. And the median was 0.62.

TNTMF's Cyclically Adjusted PB Ratio is ranked better than
75.42% of 1542 companies
in the Metals & Mining industry
Industry Median: 1.38 vs TNTMF: 0.45

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.

Transition Metals's adjusted book value per share data for the three months ended in Feb. 2026 was $0.045. 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 $0.08 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Transition Metals  (OTCPK:TNTMF) 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.


Transition Metals Cyclically Adjusted PB Ratio Related Terms


Transition Metals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transition Metals'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.

Transition Metals Cyclically Adjusted PB Ratio Chart

Transition Metals Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 0.65 0.62 0.51 0.49

Transition Metals Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.26 0.30 0.49 0.56 0.64

Transition Metals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Transition Metals'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.


Transition Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Transition Metals 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.

Transition Metals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0463/0.08
=0.58

* 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.

Transition Metals's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Transition Metals's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.045/131.0772*131.0772
=0.045

Current CPI (Feb. 2026) = 131.0772.

Transition Metals Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.148 101.765 0.191
201608 0.147 101.686 0.189
201611 0.123 101.607 0.159
201702 0.126 102.476 0.161
201705 0.111 103.108 0.141
201708 0.096 103.108 0.122
201711 0.161 103.740 0.203
201802 0.152 104.688 0.190
201805 0.141 105.399 0.175
201808 0.123 106.031 0.152
201811 0.108 105.478 0.134
201902 0.099 106.268 0.122
201905 0.094 107.927 0.114
201908 0.091 108.085 0.110
201911 0.083 107.769 0.101
202002 0.082 108.559 0.099
202005 0.075 107.532 0.091
202008 0.099 108.243 0.120
202011 0.119 108.796 0.143
202102 0.162 109.745 0.193
202105 0.157 111.404 0.185
202108 0.124 112.668 0.144
202111 0.091 113.932 0.105
202202 0.100 115.986 0.113
202205 0.078 120.016 0.085
202208 0.060 120.569 0.065
202211 0.044 121.675 0.047
202302 0.038 122.070 0.041
202305 0.035 124.045 0.037
202308 0.034 125.389 0.036
202311 0.031 125.468 0.032
202402 0.030 125.468 0.031
202405 0.028 127.601 0.029
202408 0.025 127.838 0.026
202411 0.020 127.838 0.021
202502 0.013 128.786 0.013
202505 0.015 129.813 0.015
202508 0.050 130.208 0.050
202511 0.046 130.682 0.046
202602 0.045 131.077 0.045

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 0.58 mean?
Transition Metals (TNTMF) has a Cyclically Adjusted PB Ratio of 0.58 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 Transition Metals and its competitors. This is near median its historical median of 0.62. Over the past decade, Transition Metals' Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.73. According to the industry distribution chart, Transition Metals ranks #379 out of 1542 companies in the Metals & Mining industry, placing it in the top 24.6%.
Is Transition Metals' Cyclically Adjusted PB Ratio too high?
Transition Metals' current Cyclically Adjusted PB Ratio of 0.58 is near median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.73. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.38. Transition Metals' value of 0.58 is 58% below this industry median. Based on the distribution chart, Transition Metals ranks #379 out of 1542 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Transition Metals' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Transition Metals ranks #379 out of 1542 companies for Cyclically Adjusted PB Ratio. This places Transition Metals in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.38. Transition Metals' value of 0.58 is 58% below this benchmark. Historically, Transition Metals' own Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.73 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.38, Transition Metals has consistently been below 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 1.38, based on 1,542 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. Transition Metals's current Cyclically Adjusted PB Ratio of 0.58 is 58% 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 Transition Metals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transition Metals's current Cyclically Adjusted PB Ratio is 0.58, which is near median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transition Metals stock overvalued right now?
Transition Metals (TNTMF) has a current Cyclically Adjusted PB Ratio of 0.58. The current Cyclically Adjusted PB Ratio is 0.58, which is near median its 10-year median of 0.62 and 58% below the Metals & Mining industry median of 1.38. 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 Transition Metals (TNTMF), the current Cyclically Adjusted PB Ratio is 0.58 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.

Transition Metals Business Description

Other Exchanges XTM:Canada
Address 9C - 1351 Kelly Lake Road, Sudbury, ON, CAN, P3E 5P5
Transition Metals Corp is engaged in the acquisition and exploration of mineral exploration properties in Canada and the United States. It manages a portfolio of exploration projects at various stages. The company focuses on identifying district-scale opportunities and maintains a diverse portfolio targeting gold, silver, nickel, copper, and platinum group elements in Canada. Its key projects include Pike Warden, Saturday night, Maude Lake and others.