PMET Resources (TSX:PMET) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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:PMET PMET Resources Inc TSX:PMET
36 GF Score
Price C$4.35
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What is PMET Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PMET Resources  (TSX:PMET) 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.


PMET Resources Cyclically Adjusted PB Ratio Related Terms


PMET Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PMET 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.

PMET Resources Cyclically Adjusted PB Ratio Chart

PMET Resources Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 19.56 9.95 2.46 3.57

PMET Resources 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 2.40 3.76 4.89 3.79 4.80

PMET Resources Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PMET 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.


PMET Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:PMET
36GF Score
PMET Resources Inc TSX:PMET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PMET 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.

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

For example, PMET Resources'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)
=2.36/133.5265*133.5265
=2.360

Current CPI (Jun. 2026) = 133.5265.

PMET Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.110 101.765 1.456
201612 1.002 101.449 1.319
201703 1.128 102.634 1.468
201706 1.128 103.029 1.462
201709 1.114 103.345 1.439
201712 1.127 103.345 1.456
201803 1.301 105.004 1.654
201806 1.174 105.557 1.485
201809 1.092 105.636 1.380
201812 0.987 105.399 1.250
201903 0.949 106.979 1.184
201906 0.917 107.690 1.137
201909 0.913 107.611 1.133
201912 0.616 107.769 0.763
202003 0.589 107.927 0.729
202006 0.587 108.401 0.723
202009 0.395 108.164 0.488
202012 0.404 108.559 0.497
202103 0.387 110.298 0.469
202106 0.204 111.720 0.244
202109 0.199 112.905 0.235
202112 0.268 113.774 0.315
202203 0.304 117.646 0.345
202206 0.300 120.806 0.332
202209 0.328 120.648 0.363
202212 0.471 120.964 0.520
202303 0.705 122.702 0.767
202306 0.697 124.203 0.749
202309 1.612 125.230 1.719
202312 1.502 125.072 1.604
202403 1.498 126.258 1.584
202406 1.723 127.522 1.804
202409 1.732 127.285 1.817
202412 1.731 127.364 1.815
202503 1.948 129.181 2.014
202506 1.947 129.892 2.001
202509 1.951 130.287 2.000
202512 1.960 130.366 2.008
202603 2.314 132.262 2.336
202606 2.360 133.527 2.360

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.


PMET Resources Business Description

Address 1801 McGill College, Suite 900, Montreal, QC, CAN, H3A1Z4
PMET Resources Inc is a hard-rock lithium exploration company focused on acquiring and developing mineral projects containing battery, base, and precious metals. The company owns its 100% interest in Shaakichiuwaanaan Project in the James Bay region.
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