Entree Resources (TSX:ETG) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:ETG Entree Resources Ltd TSX:ETG
25 GF Score
Price C$2.44
! 2 Warning Signs
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What is Entree Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Entree Resources  (TSX:ETG) 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.


Entree Resources Cyclically Adjusted PB Ratio Related Terms


Entree Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Entree Resources'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.

Entree Resources Cyclically Adjusted PB Ratio Chart

Entree Resources 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 15.61 0.00 0.00 0.00 0.00

Entree Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

Entree Resources Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Entree Resources'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.


Entree Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:ETG
25GF Score
Entree Resources Ltd TSX:ETG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Entree Resources 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.

Entree Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Entree Resources's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.546/132.2623*132.2623
=-0.546

Current CPI (Mar. 2026) = 132.2623.

Entree Resources Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.178 102.002 0.231
201609 0.171 101.765 0.222
201612 0.170 101.449 0.222
201703 0.182 102.634 0.235
201706 -0.176 103.029 -0.226
201709 0.000 103.345 0.000
201712 -0.180 103.345 -0.230
201803 0.000 105.004 0.000
201806 -0.181 105.557 -0.227
201809 -0.185 105.636 -0.232
201812 -0.306 105.399 -0.384
201903 0.000 106.979 0.000
201906 0.000 107.690 0.000
201909 -0.340 107.611 -0.418
201912 -0.353 107.769 -0.433
202003 -0.357 107.927 -0.437
202006 -0.370 108.401 -0.451
202009 -0.334 108.164 -0.408
202012 -0.345 108.559 -0.420
202103 -0.352 110.298 -0.422
202106 -0.348 111.720 -0.412
202109 -0.362 112.905 -0.424
202112 -0.366 113.774 -0.425
202203 -0.358 117.646 -0.402
202206 -0.365 120.806 -0.400
202209 -0.370 120.648 -0.406
202212 -0.394 120.964 -0.431
202303 -0.408 122.702 -0.440
202306 -0.416 124.203 -0.443
202309 -0.407 125.230 -0.430
202312 -0.426 125.072 -0.450
202403 -0.437 126.258 -0.458
202406 -0.454 127.522 -0.471
202409 -0.468 127.285 -0.486
202412 -0.496 127.364 -0.515
202503 -0.480 129.181 -0.491
202506 -0.495 129.892 -0.504
202509 -0.510 130.287 -0.518
202512 -0.540 130.366 -0.548
202603 -0.546 132.262 -0.546

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.


Entree Resources Business Description

Other Exchanges ERLFF:USA2EE:Germany
Address Oceanic Plaza, 1066 West Hastings Street, Suite 1650, Vancouver, BC, CAN, V6E 3X1
Entree Resources Ltd is focused on the development and exploration of mineral property interests. The company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi JV Property includes the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit, as well as a large underexplored, prospective land package. It operates in one business segment, the development and exploration of mineral property interests.
25GF 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$2.44
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