Asarian Energy (TSX:ARN) Cyclically Adjusted PB Ratio: 2.86 (As of Aug. 13, 2026)

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TSX:ARN Asarian Energy Ltd TSX:ARN
37 GF Score
Price C$0.60
! 2 Warning Signs
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What is Asarian Energy Cyclically Adjusted PB Ratio?

Asarian Energy TSX:ARN +3.45% 37 Cyclically Adjusted PB Ratio is 2.86 as of Aug. 13, 2026. GuruFocus rates TSX:ARN with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 1,524 Metals & Mining companies, Asarian Energy ranks worse than 64.57% on this metric.

As of today (2026-08-13), Asarian Energy's current share price is C$0.60. Asarian Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$0.21. Asarian Energy's Cyclically Adjusted PB Ratio for today is 2.86.

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

TSX:ARN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 2.82
Current: 2.82

During the past years, Asarian Energy's highest Cyclically Adjusted PB Ratio was 2.82. The lowest was 0.00. And the median was 0.00.

TSX:ARN's Cyclically Adjusted PB Ratio is ranked worse than
64.57% of 1524 companies
in the Metals & Mining industry
Industry Median: 1.54 vs TSX:ARN: 2.82

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.

Asarian Energy's adjusted book value per share data for the three months ended in Jun. 2026 was C$0.177. 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 C$0.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asarian Energy  (TSX:ARN) 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.


Asarian Energy Cyclically Adjusted PB Ratio Related Terms


Asarian Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asarian Energy'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.

Asarian Energy Cyclically Adjusted PB Ratio Chart

Asarian Energy 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 1.55 1.03 1.91 2.11 1.21

Asarian Energy 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 2.25 2.23 1.21 1.96 2.12

Asarian Energy Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Asarian Energy'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.


Asarian Energy Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:ARN
37GF Score
Asarian Energy Ltd TSX:ARN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asarian Energy 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.

Asarian Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.60/0.21
=2.86

* 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.

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

For example, Asarian Energy'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)
=0.177/133.5265*133.5265
=0.177

Current CPI (Jun. 2026) = 133.5265.

Asarian Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.606 101.765 0.795
201612 0.608 101.449 0.800
201703 0.611 102.634 0.795
201706 0.604 103.029 0.783
201709 0.580 103.345 0.749
201712 0.103 103.345 0.133
201803 0.119 105.004 0.151
201806 0.092 105.557 0.116
201809 0.095 105.636 0.120
201812 0.099 105.399 0.125
201903 0.097 106.979 0.121
201906 0.097 107.690 0.120
201909 0.092 107.611 0.114
201912 0.094 107.769 0.116
202003 0.081 107.927 0.100
202006 0.079 108.401 0.097
202009 0.079 108.164 0.098
202012 0.084 108.559 0.103
202103 0.082 110.298 0.099
202106 0.131 111.720 0.157
202109 0.127 112.905 0.150
202112 0.127 113.774 0.149
202203 0.151 117.646 0.171
202206 0.143 120.806 0.158
202209 0.138 120.648 0.153
202212 0.129 120.964 0.142
202303 0.124 122.702 0.135
202306 0.118 124.203 0.127
202309 0.116 125.230 0.124
202312 0.114 125.072 0.122
202403 0.111 126.258 0.117
202406 0.112 127.522 0.117
202409 0.113 127.285 0.119
202412 0.106 127.364 0.111
202503 0.125 129.181 0.129
202506 0.121 129.892 0.124
202509 0.123 130.287 0.126
202512 0.178 130.366 0.182
202603 0.174 132.262 0.176
202606 0.177 133.527 0.177

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 2.86 mean?
Asarian Energy (TSX:ARN) has a Cyclically Adjusted PB Ratio of 2.86 as of Aug. 13, 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 Asarian Energy and its competitors. According to the industry distribution chart, Asarian Energy ranks #984 out of 1524 companies in the Metals & Mining industry, placing it in the top 64.6%.
Is Asarian Energy's Cyclically Adjusted PB Ratio too high?
Asarian Energy's current Cyclically Adjusted PB Ratio is 2.86. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.54. Asarian Energy's value of 2.86 is 85.7% above this industry median. Based on the distribution chart, Asarian Energy ranks #984 out of 1524 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Asarian Energy has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Asarian Energy's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Asarian Energy ranks #984 out of 1524 companies for Cyclically Adjusted PB Ratio. This places Asarian Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Asarian Energy's value of 2.86 is 85.7% above 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 1.54, based on 1,524 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. Asarian Energy's current Cyclically Adjusted PB Ratio of 2.86 is 85.7% above 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 Asarian Energy and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asarian Energy's current Cyclically Adjusted PB Ratio is 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asarian Energy stock overvalued right now?
Asarian Energy (TSX:ARN) has a current Cyclically Adjusted PB Ratio of 2.86. The current Cyclically Adjusted PB Ratio is 2.86 and 85.7% above the Metals & Mining industry median of 1.54. Asarian Energy'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 Asarian Energy (TSX:ARN), the current Cyclically Adjusted PB Ratio is 2.86 as of Aug. 13, 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.

Asarian Energy Business Description

Other Exchanges FOSYF:USAF2T:Germany
Address 20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6
Forsys Metals Corp is engaged in the acquisition, exploration, and development of mineral properties in Namibia, Africa. The Company's operations are focused on its uranium projects, including the Norasa Uranium Project, Valencia Uranium Project, and Namibplaas Uranium Project.
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.

C$0.60
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