Aris Mining (TSX:ARIS) Cyclically Adjusted PB Ratio: (As of Jul. 31, 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.
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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.

TSX:ARIS Aris Mining Corp TSX:ARIS
84 GF Score
Price C$19.96
GF Value C$11.72
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aris Mining Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aris Mining  (TSX:ARIS) 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.


Aris Mining Cyclically Adjusted PB Ratio Related Terms


Aris Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aris Mining'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.

Aris Mining Cyclically Adjusted PB Ratio Chart

Aris Mining 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 0.04 0.04 0.09 0.18 2.24

Aris Mining Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 0.50 0.97 2.24 2.75 0.00

TSX:ARIS vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Aris Mining'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.


Aris Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:ARIS
84GF Score
Aris Mining Corp TSX:ARIS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aris Mining 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.

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

For example, Aris Mining'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)
=11.833/134.0005*134.0005
=11.833

Current CPI (Jun. 2026) = 134.0005.

Aris Mining Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.836 101.765 19.536
201612 13.162 101.449 17.385
201703 12.723 102.634 16.611
201706 14.304 103.029 18.604
201709 13.769 103.345 17.853
201712 13.730 103.345 17.803
201803 14.008 105.004 17.876
201806 9.417 105.557 11.955
201809 7.034 105.636 8.923
201812 6.852 105.399 8.711
201903 7.213 106.979 9.035
201906 6.994 107.690 8.703
201909 6.473 107.611 8.060
201912 2.893 107.769 3.597
202003 3.115 107.927 3.868
202006 2.989 108.401 3.695
202009 3.628 108.164 4.495
202012 3.188 108.559 3.935
202103 5.683 110.298 6.904
202106 5.843 111.720 7.008
202109 6.287 112.905 7.462
202112 6.250 113.774 7.361
202203 6.388 117.646 7.276
202206 6.654 120.806 7.381
202209 5.052 120.648 5.611
202212 4.951 120.964 5.485
202303 5.153 122.702 5.627
202306 5.534 124.203 5.971
202309 5.901 125.230 6.314
202312 6.092 125.072 6.527
202403 6.054 126.258 6.425
202406 6.596 127.522 6.931
202409 6.422 127.285 6.761
202412 6.652 127.364 6.999
202503 6.984 129.181 7.245
202506 4.692 129.892 4.840
202509 7.693 130.287 7.912
202512 9.706 130.366 9.977
202603 10.452 132.262 10.589
202606 11.833 134.001 11.833

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 Aris Mining (TSX:ARIS) Overvalued in 2026?

Based on GuruFocus' analysis, Aris Mining stock appears to be overvalued. The current stock price of C$19.96 is trading 70.3% above its estimated GF Value™ of C$11.72. GuruFocus considers Aris Mining to be Significantly Overvalued.

Key valuation signals for TSX:ARIS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$11.72 vs. price of C$19.96 (70.3% above fair value)
  • GF Score™: 84/100 with 4 warning signs

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


Aris Mining Business Description

Other Exchanges ARIS:USAZP1:Germany
Address 1021 W Hastings Street, Suite 2400, Vancouver, BC, CAN, V6E 0C3
Aris Mining Corp is a Canadian gold mining company focused on South America. It is mainly engaged in the acquisition, exploration, development, and operation of gold properties in Colombia and Guyana. Aris Mining operates the Segovia and Marmato Mines and the Soto Norte Project in Colombia. Additionally, it owns the Toroparu Project in Guyana. The company considers its Segovia and Marmato Mines in Colombia, its Toroparu Project in Guyana, its Soto Norte Project in Colombia, and its corporate functions in Canada and other corporate entities as its reportable segments. The majority of its revenue is generated from operations at the Segovia mines in Colombia.
84GF Score

Get the complete analysis for TSX:ARIS

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

C$19.96
Price
C$11.72
GF Value