Endeavour Mining (TSX:EDV) Cyclically Adjusted PB Ratio: 4.08 (As of Sep. 16, 2026) — 140% Above Median

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TSX:EDV Endeavour Mining PLC TSX:EDV
86 GF Score
Price C$83.39
GF Value C$73.09
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Endeavour Mining Cyclically Adjusted PB Ratio?

Endeavour Mining TSX:EDV -0.63% 86 Cyclically Adjusted PB Ratio is 4.08 as of Sep. 16, 2026, which is 140% above its 10-year median of 1.70. GuruFocus rates TSX:EDV with a GF Score™ of 86/100 and a GF Value™ of C$73.09 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,501 Metals & Mining companies, Endeavour Mining ranks worse than 74.28% on this metric.

As of today (2026-09-16), Endeavour Mining's current share price is C$83.39. Endeavour Mining's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$20.44. Endeavour Mining's Cyclically Adjusted PB Ratio for today is 4.08.

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

TSX:EDV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.7   Max: 4.99
Current: 4.24

During the past years, Endeavour Mining's highest Cyclically Adjusted PB Ratio was 4.99. The lowest was 1.22. And the median was 1.70.

TSX:EDV's Cyclically Adjusted PB Ratio is ranked worse than
74.28% of 1501 companies
in the Metals & Mining industry
Industry Median: 1.53 vs TSX:EDV: 4.24

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.

Endeavour Mining's adjusted book value per share data for the three months ended in Jun. 2026 was C$21.525. 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$20.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Endeavour Mining  (TSX:EDV) 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.


Endeavour Mining Cyclically Adjusted PB Ratio Related Terms


Endeavour Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Endeavour 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.

Endeavour Mining Cyclically Adjusted PB Ratio Chart

Endeavour 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 1.56 1.60 1.64 1.38 3.62

Endeavour 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 2.12 2.95 3.54 4.14 3.48

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

For the Gold subindustry, Endeavour 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.


Endeavour Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:EDV
86GF Score
Endeavour Mining PLC TSX:EDV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Endeavour 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.

Endeavour Mining's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=83.39/20.444
=4.08

* 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.

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

For example, Endeavour 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)
=21.525/142.3000*142.3000
=21.525

Current CPI (Jun. 2026) = 142.3000.

Endeavour Mining Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.485 101.500 20.308
201612 13.772 102.200 19.176
201703 13.681 102.700 18.956
201706 12.964 103.500 17.824
201709 12.897 104.300 17.596
201712 11.659 105.000 15.801
201803 12.344 105.100 16.713
201806 12.400 105.900 16.662
201809 11.991 106.600 16.007
201812 11.933 107.100 15.855
201903 11.362 107.000 15.110
201906 11.244 107.900 14.829
201909 11.101 108.400 14.573
201912 9.632 108.500 12.633
202003 10.945 108.600 14.341
202006 10.235 108.800 13.386
202009 18.566 109.200 24.194
202012 17.573 109.400 22.858
202103 21.926 109.700 28.442
202106 21.952 111.400 28.041
202109 22.762 112.400 28.817
202112 22.334 114.700 27.708
202203 21.594 116.500 26.376
202206 23.185 120.500 27.379
202209 24.337 122.300 28.317
202212 22.493 125.300 25.545
202303 21.979 126.800 24.666
202306 20.323 129.400 22.349
202309 20.601 130.100 22.533
202312 19.079 130.500 20.804
202403 18.944 131.600 20.484
202406 18.369 133.000 19.653
202409 17.704 133.500 18.871
202412 17.676 135.100 18.618
202503 18.932 136.100 19.794
202506 18.261 138.400 18.776
202509 19.776 138.900 20.260
202512 19.466 139.900 19.800
202603 21.960 140.800 22.194
202606 21.525 142.300 21.525

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 4.08 mean?
Endeavour Mining (TSX:EDV) has a Cyclically Adjusted PB Ratio of 4.08 as of Sep. 16, 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 Endeavour Mining and its competitors. This is 140% above median its historical median of 1.70. Over the past decade, Endeavour Mining's Cyclically Adjusted PB Ratio has ranged from 1.22 to 4.99. According to the industry distribution chart, Endeavour Mining ranks #1115 out of 1501 companies in the Metals & Mining industry, placing it in the top 74.3%.
Is Endeavour Mining's Cyclically Adjusted PB Ratio too high?
Endeavour Mining's current Cyclically Adjusted PB Ratio of 4.08 is 140% above median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 4.99. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.53. Endeavour Mining's value of 4.08 is 166.7% above this industry median. Based on the distribution chart, Endeavour Mining ranks #1115 out of 1501 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Endeavour Mining has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Endeavour Mining's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Endeavour Mining ranks #1115 out of 1501 companies for Cyclically Adjusted PB Ratio. This places Endeavour Mining in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Endeavour Mining's value of 4.08 is 166.7% above this benchmark. Historically, Endeavour Mining's own Cyclically Adjusted PB Ratio has ranged from 1.22 to 4.99 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.53, Endeavour Mining has consistently been above 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 1.53, based on 1,501 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. Endeavour Mining's current Cyclically Adjusted PB Ratio of 4.08 is 166.7% 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 Endeavour Mining and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Endeavour Mining's current Cyclically Adjusted PB Ratio is 4.08, which is 140% above median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endeavour Mining stock overvalued right now?
Based on GuruFocus' analysis, Endeavour Mining (TSX:EDV) is currently considered Modestly Overvalued. The stock's GF Value™ is C$73.09, compared to a current price of C$83.39 — trading 14.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.08, which is 140% above median its 10-year median of 1.70 and 166.7% above the Metals & Mining industry median of 1.53. Endeavour Mining's overall GF Score™ is 86/100 with 1 warning sign 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 Endeavour Mining (TSX:EDV), the current Cyclically Adjusted PB Ratio is 4.08 as of Sep. 16, 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.

Is Endeavour Mining (TSX:EDV) Overvalued in 2026?

Based on GuruFocus' analysis, Endeavour Mining stock appears to be overvalued. The current stock price of C$83.39 is trading 14.1% above its estimated GF Value™ of C$73.09. GuruFocus considers Endeavour Mining to be Modestly Overvalued.

Key valuation signals for TSX:EDV:

  • Cyclically Adjusted PB Ratio: 4.08 (140% above median its 10-year median of 1.70)
  • GF Value™: C$73.09 vs. price of C$83.39 (14.1% above fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 166.7% above the Metals & Mining median (#1115 of 1501)

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


Endeavour Mining Business Description

Address 5 Young Street, London, GBR, W8 5EH
Endeavour Mining PLC is a gold producer in West Africa. The Group operates in four principal countries, Burkina Faso (Hounde, and Mana mines), Cote d'Ivoire (Ity mine, Lafigue project), Senegal (Sabodala-Massawa mine) and Mali (Kalana Project). It derives maximum revenue from Ity Mine.
86GF Score

Get the complete analysis for TSX:EDV

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

C$83.39
Price
C$73.09
GF Value