Contango Silver & Gold (TSX:CTGO) Cyclically Adjusted PB Ratio: 9.28 (As of Sep. 09, 2026)

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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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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:CTGO Contango Silver & Gold Inc TSX:CTGO
16 GF Score
Price C$27.47
! 3 Warning Signs
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What is Contango Silver & Gold Cyclically Adjusted PB Ratio?

Contango Silver & Gold TSX:CTGO +0.33% 16 Cyclically Adjusted PB Ratio is 9.28 as of Sep. 09, 2026. GuruFocus rates TSX:CTGO with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,500 Metals & Mining companies, Contango Silver & Gold ranks worse than 90.4% on this metric.

As of today (2026-09-09), Contango Silver & Gold's current share price is C$27.47. Contango Silver & Gold's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$2.96. Contango Silver & Gold's Cyclically Adjusted PB Ratio for today is 9.28.

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

TSX:CTGO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 9.63
Current: 9.63

During the past years, Contango Silver & Gold's highest Cyclically Adjusted PB Ratio was 9.63. The lowest was 0.00. And the median was 0.00.

TSX:CTGO's Cyclically Adjusted PB Ratio is ranked worse than
90.4% of 1500 companies
in the Metals & Mining industry
Industry Median: 1.555 vs TSX:CTGO: 9.63

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.

Contango Silver & Gold's adjusted book value per share data for the three months ended in Jun. 2026 was C$14.384. 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$2.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Contango Silver & Gold  (TSX:CTGO) 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.


Contango Silver & Gold Cyclically Adjusted PB Ratio Related Terms


Contango Silver & Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Contango Silver & 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.

Contango Silver & Gold Cyclically Adjusted PB Ratio Chart

Contango Silver & Gold Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.45 10.97 13.40 6.73 17.25

Contango Silver & Gold 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 13.62 16.56 17.25 10.35 7.60

TSX:CTGO vs GROY, IDR, CMCL: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Contango Silver & 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.


Contango Silver & Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Contango Silver & Gold's Cyclically Adjusted PB Ratio falls into.


TSX:CTGO
16GF Score
Contango Silver & Gold Inc TSX:CTGO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Contango Silver & 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.

Contango Silver & Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.47/2.96
=9.28

* 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.

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

For example, Contango Silver & Gold'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)
=14.384/333.9520*333.9520
=14.384

Current CPI (Jun. 2026) = 333.9520.

Contango Silver & Gold Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.281 241.428 0.389
201612 1.558 241.432 2.155
201703 1.535 243.801 2.103
201706 1.413 244.955 1.926
201709 1.211 246.819 1.639
201712 3.380 246.524 4.579
201803 3.541 249.554 4.739
201806 2.924 251.989 3.875
201809 2.443 252.439 3.232
201812 2.213 251.233 2.942
201903 2.053 254.202 2.697
201906 1.744 256.143 2.274
201909 1.506 256.759 1.959
201912 1.048 256.974 1.362
202003 0.779 258.115 1.008
202006 0.412 257.797 0.534
202009 6.853 260.280 8.793
202012 5.959 260.474 7.640
202103 4.994 264.877 6.296
202106 6.324 271.696 7.773
202109 5.866 274.310 7.141
202112 5.127 278.802 6.141
202203 3.582 287.504 4.161
202206 2.510 296.311 2.829
202209 1.394 296.808 1.568
202212 -0.149 296.797 -0.168
202303 -1.072 301.836 -1.186
202306 -0.815 305.109 -0.892
202309 1.590 307.789 1.725
202312 -2.065 306.746 -2.248
202403 -4.794 312.332 -5.126
202406 -5.009 314.175 -5.324
202409 -1.132 315.301 -1.199
202412 0.148 315.605 0.157
202503 -2.347 319.799 -2.451
202506 -0.259 322.561 -0.268
202509 4.421 324.800 4.546
202512 2.313 324.054 2.384
202603 14.457 330.213 14.621
202606 14.384 333.952 14.384

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 9.28 mean?
Contango Silver & Gold (TSX:CTGO) has a Cyclically Adjusted PB Ratio of 9.28 as of Sep. 09, 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 Contango Silver & Gold and its competitors. According to the industry distribution chart, Contango Silver & Gold ranks #1356 out of 1500 companies in the Metals & Mining industry, placing it in the top 90.4%.
Is Contango Silver & Gold's Cyclically Adjusted PB Ratio too high?
Contango Silver & Gold's current Cyclically Adjusted PB Ratio is 9.28. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.56. Contango Silver & Gold's value of 9.28 is 496.8% above this industry median. Based on the distribution chart, Contango Silver & Gold ranks #1356 out of 1500 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Contango Silver & Gold has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Contango Silver & Gold's Cyclically Adjusted PB Ratio compare to GROY and IDR?
According to the Metals & Mining industry distribution chart, Contango Silver & Gold ranks #1356 out of 1500 companies for Cyclically Adjusted PB Ratio. This places Contango Silver & Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Contango Silver & Gold's value of 9.28 is 496.8% 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 1.56, based on 1,500 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. Contango Silver & Gold's current Cyclically Adjusted PB Ratio of 9.28 is 496.8% 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 Contango Silver & Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Contango Silver & Gold's current Cyclically Adjusted PB Ratio is 9.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Contango Silver & Gold stock overvalued right now?
Contango Silver & Gold (TSX:CTGO) has a current Cyclically Adjusted PB Ratio of 9.28. The current Cyclically Adjusted PB Ratio is 9.28 and 496.8% above the Metals & Mining industry median of 1.56. Contango Silver & Gold's overall GF Score™ is 16/100 with 3 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 Contango Silver & Gold (TSX:CTGO), the current Cyclically Adjusted PB Ratio is 9.28 as of Sep. 09, 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.

Contango Silver & Gold Business Description

Other Exchanges CTGO:USAF85:Germany
Address 516 2nd Avenue, Suite 401, Fairbanks, AK, USA, 99701
Contango Silver & Gold Inc, formerly Contango Ore Inc operates in the United States. The company is engaged in the exploration for and development of gold ore and associated minerals in the State of Alaska. The company's focus is the exploration of a mineral lease with the Native Village of Tetlin, whose governmental entity is the Tetlin Tribal Council, for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Peak Gold JV Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska. Its exploration projects are Lucky Shot, Johnson Tract, Eagle, Hona, Shamrock, and Triple Z.
16GF 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$27.47
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