Perpetua Resources (TSX:PPTA) Cyclically Adjusted PB Ratio: 11.93 (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:PPTA Perpetua Resources Corp TSX:PPTA
32 GF Score
Price C$34.48
! 1 Warning Sign
View Full Analysis

What is Perpetua Resources Cyclically Adjusted PB Ratio?

Perpetua Resources TSX:PPTA +7.75% 32 Cyclically Adjusted PB Ratio is 11.93 as of Aug. 07, 2026. GuruFocus rates TSX:PPTA with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 1,533 Metals & Mining companies, Perpetua Resources ranks worse than 92.43% on this metric.

As of today (2026-08-07), Perpetua Resources's current share price is C$34.48. Perpetua Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$2.89. Perpetua Resources's Cyclically Adjusted PB Ratio for today is 11.93.

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

TSX:PPTA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 11.07
Current: 11.07

During the past years, Perpetua Resources's highest Cyclically Adjusted PB Ratio was 11.07. The lowest was 0.00. And the median was 0.00.

TSX:PPTA's Cyclically Adjusted PB Ratio is ranked worse than
92.43% of 1533 companies
in the Metals & Mining industry
Industry Median: 1.44 vs TSX:PPTA: 11.07

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.

Perpetua Resources's adjusted book value per share data for the three months ended in Mar. 2026 was C$8.962. 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$2.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Perpetua Resources  (TSX:PPTA) 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.


Perpetua Resources Cyclically Adjusted PB Ratio Related Terms


Perpetua Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Perpetua 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.

Perpetua Resources Cyclically Adjusted PB Ratio Chart

Perpetua 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 0.67 0.51 0.71 3.77 11.82

Perpetua 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 4.32 5.16 10.06 11.82 13.56

TSX:PPTA vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Perpetua 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.


Perpetua Resources Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:PPTA
32GF Score
Perpetua Resources Corp TSX:PPTA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perpetua 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.

Perpetua Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.48/2.89
=11.93

* 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.

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

For example, Perpetua 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)
=8.962/330.2130*330.2130
=8.962

Current CPI (Mar. 2026) = 330.2130.

Perpetua Resources Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.667 241.018 3.654
201609 2.738 241.428 3.745
201612 2.781 241.432 3.804
201703 2.802 243.801 3.795
201706 2.908 244.955 3.920
201709 2.512 246.819 3.361
201712 2.356 246.524 3.156
201803 0.341 249.554 0.451
201806 1.970 251.989 2.582
201809 1.798 252.439 2.352
201812 1.526 251.233 2.006
201903 1.571 254.202 2.041
201906 2.378 256.143 3.066
201909 2.136 256.759 2.747
201912 1.590 256.974 2.043
202003 1.688 258.115 2.160
202006 -0.533 257.797 -0.683
202009 1.736 260.280 2.202
202012 1.555 260.474 1.971
202103 1.454 264.877 1.813
202106 1.711 271.696 2.080
202109 2.434 274.310 2.930
202112 2.268 278.802 2.686
202203 2.132 287.504 2.449
202206 2.045 296.311 2.279
202209 2.024 296.808 2.252
202212 1.850 296.797 2.058
202303 1.779 301.836 1.946
202306 1.583 305.109 1.713
202309 1.570 307.789 1.684
202312 1.513 306.746 1.629
202403 1.480 312.332 1.565
202406 1.456 314.175 1.530
202409 1.571 315.301 1.645
202412 2.207 315.605 2.309
202503 2.065 319.799 2.132
202506 6.707 322.561 6.866
202509 6.839 324.800 6.953
202512 9.572 324.054 9.754
202603 8.962 330.213 8.962

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 11.93 mean?
Perpetua Resources (TSX:PPTA) has a Cyclically Adjusted PB Ratio of 11.93 as of Aug. 07, 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 Perpetua Resources and its competitors. According to the industry distribution chart, Perpetua Resources ranks #1417 out of 1533 companies in the Metals & Mining industry, placing it in the top 92.4%.
Is Perpetua Resources' Cyclically Adjusted PB Ratio too high?
Perpetua Resources' current Cyclically Adjusted PB Ratio is 11.93. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.44. Perpetua Resources' value of 11.93 is 728.5% above this industry median. Based on the distribution chart, Perpetua Resources ranks #1417 out of 1533 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Perpetua Resources has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Perpetua Resources' Cyclically Adjusted PB Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Perpetua Resources ranks #1417 out of 1533 companies for Cyclically Adjusted PB Ratio. This places Perpetua Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Perpetua Resources' value of 11.93 is 728.5% 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 1.44, based on 1,533 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. Perpetua Resources's current Cyclically Adjusted PB Ratio of 11.93 is 728.5% 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 Perpetua Resources and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perpetua Resources's current Cyclically Adjusted PB Ratio is 11.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perpetua Resources stock overvalued right now?
Perpetua Resources (TSX:PPTA) has a current Cyclically Adjusted PB Ratio of 11.93. The current Cyclically Adjusted PB Ratio is 11.93 and 728.5% above the Metals & Mining industry median of 1.44. Perpetua Resources' overall GF Score™ is 32/100 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 Perpetua Resources (TSX:PPTA), the current Cyclically Adjusted PB Ratio is 11.93 as of Aug. 07, 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.

Perpetua Resources Business Description

Other Exchanges PPTA:USA0V6R:UK9MIB:Germany
Address 405 South 8th Street, Suite 201, Boise, ID, USA, 83702
Perpetua Resources Corp is engaged in acquiring mining properties with the intention of exploring, evaluating, developing and placing them into production, if warranted. Its principal mineral project is the Stibnite Gold Project in Idaho, USA, which contains several gold, silver and antimony mineral deposits. The company's current focus is to redevelop three of the Deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit, all of which are located within the Stibnite Gold Project, as well as reprocess certain historical tailings located on the Project. It operates in one segment: mineral exploration and development in the United States.
32GF Score

Get the complete analysis for TSX:PPTA

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

C$34.48
Price