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Ivanhoe Mines (TSX:IVN) Cyclically Adjusted PB Ratio : 3.45 (As of Jun. 01, 2025)


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What is Ivanhoe Mines Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Ivanhoe Mines's current share price is C$10.63. Ivanhoe Mines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$3.08. Ivanhoe Mines's Cyclically Adjusted PB Ratio for today is 3.45.

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

TSX:IVN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.33   Med: 4.76   Max: 5.97
Current: 3.45

During the past years, Ivanhoe Mines's highest Cyclically Adjusted PB Ratio was 5.97. The lowest was 3.33. And the median was 4.76.

TSX:IVN's Cyclically Adjusted PB Ratio is ranked worse than
81.56% of 1540 companies
in the Metals & Mining industry
Industry Median: 0.955 vs TSX:IVN: 3.45

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.

Ivanhoe Mines's adjusted book value per share data for the three months ended in Mar. 2025 was C$5.442. 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$3.08 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ivanhoe Mines Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ivanhoe Mines'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.

* Premium members only.

Ivanhoe Mines Cyclically Adjusted PB Ratio Chart

Ivanhoe Mines Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.30 5.51 4.96 5.19 5.83

Ivanhoe Mines Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.26 6.52 7.16 5.83 3.96

Competitive Comparison of Ivanhoe Mines's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.


Ivanhoe Mines's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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


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Ivanhoe Mines 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.

Ivanhoe Mines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.63/3.08
=3.45

* 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.

Ivanhoe Mines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Ivanhoe Mines's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=5.442/129.1809*129.1809
=5.442

Current CPI (Mar. 2025) = 129.1809.

Ivanhoe Mines Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.613 100.500 0.788
201509 0.639 100.421 0.822
201512 1.915 99.947 2.475
201603 1.858 101.054 2.375
201606 1.802 102.002 2.282
201609 1.838 101.765 2.333
201612 1.855 101.449 2.362
201703 1.858 102.634 2.339
201706 1.833 103.029 2.298
201709 1.669 103.345 2.086
201712 2.067 103.345 2.584
201803 2.102 105.004 2.586
201806 2.080 105.557 2.546
201809 2.403 105.636 2.939
201812 2.520 105.399 3.089
201903 2.501 106.979 3.020
201906 2.499 107.690 2.998
201909 2.685 107.611 3.223
201912 2.695 107.769 3.230
202003 2.780 107.927 3.327
202006 2.704 108.401 3.222
202009 2.641 108.164 3.154
202012 2.592 108.559 3.084
202103 2.567 110.298 3.006
202106 2.404 111.720 2.780
202109 2.574 112.905 2.945
202112 2.639 113.774 2.996
202203 2.663 117.646 2.924
202206 3.023 120.806 3.233
202209 3.158 120.648 3.381
202212 3.276 120.964 3.499
202303 3.389 122.702 3.568
202306 3.393 124.203 3.529
202309 3.581 125.230 3.694
202312 3.911 125.072 4.039
202403 3.874 126.258 3.964
202406 4.801 127.522 4.863
202409 4.935 127.285 5.009
202412 5.259 127.364 5.334
202503 5.442 129.181 5.442

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.


Ivanhoe Mines  (TSX:IVN) 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.


Ivanhoe Mines Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ivanhoe Mines's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ivanhoe Mines Business Description

Traded in Other Exchanges
Address
999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1
Ivanhoe Mines Ltd is a diversified mining company focused on advancing its four principal projects in Southern Africa namely the Kamoa-Kakula Copper Complex, a large, high-grade, stratiform copper deposit, Platreef Project, where the Company discovered thick and high-grade palladium, nickel, platinum, rhodium, copper and gold deposit, The Kipushi Project, a past-producing, high-grade underground zinc-copper-germanium-silverlead mine, The Western Foreland Exploration Project, a group of exploration licences. The Company has four reportable segments, including the Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company's treasury offices.
Executives
Delphine Traoré Director
Mary Vincelli Senior Officer
Olivier Binyingo Senior Officer
Chao (peter) Zhou Senior Officer
Jinghe Chen Director
Martie Cloete Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Peter Meredith Director
Citic Metal Africa Investments Limited 10% Security Holder
Setha Patricia Makhesha Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Stephen Ralph Amos Senior Officer
Louis Kabamba Watum Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Pierre Joubert Senior Officer
Alexander Pickard Senior Officer
Martie Janse Van Rensburg Director
Guy Jacques De Selliers De Moranville Director

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