Starcore International Mines (TSX:SAM) Cyclically Adjusted PB Ratio: (As of Sep. 19, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TSX:SAM Starcore International Mines Ltd TSX:SAM
44 GF Score
Price C$0.47
GF Value C$0.17
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Starcore International Mines Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Starcore International Mines  (TSX:SAM) 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.


Starcore International Mines Cyclically Adjusted PB Ratio Related Terms


Starcore International Mines Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Starcore International 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.

Starcore International Mines Cyclically Adjusted PB Ratio Chart

Starcore International Mines Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.77

Starcore International Mines Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 0.30 0.51 1.24 0.75 0.44

Starcore International Mines Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Starcore International 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.


Starcore International Mines Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:SAM
44GF Score
Starcore International Mines Ltd TSX:SAM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starcore International 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.

Starcore International Mines's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Starcore International Mines's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=0.58/134.2375*134.2375
=0.580

Current CPI (Jul. 2026) = 134.2375.

Starcore International Mines Quarterly Data

Book Value per Share CPI Adj_Book
201610 1.172 102.002 1.542
201701 1.091 102.318 1.431
201704 1.321 103.029 1.721
201707 1.212 103.029 1.579
201710 1.198 103.424 1.555
201801 1.056 104.056 1.362
201804 0.988 105.320 1.259
201807 0.992 106.110 1.255
201810 0.829 105.952 1.050
201901 0.806 105.557 1.025
201904 0.786 107.453 0.982
201907 0.763 108.243 0.946
201910 0.742 107.927 0.923
202001 0.745 108.085 0.925
202004 0.751 107.216 0.940
202007 0.760 108.401 0.941
202010 0.786 108.638 0.971
202101 0.772 109.192 0.949
202104 0.731 110.851 0.885
202107 0.753 112.431 0.899
202110 0.749 113.695 0.884
202201 0.757 114.801 0.885
202204 0.807 118.357 0.915
202207 0.731 120.964 0.811
202210 0.741 121.517 0.819
202301 0.690 121.596 0.762
202304 0.697 123.571 0.757
202307 0.641 124.914 0.689
202310 0.640 125.310 0.686
202401 0.494 125.072 0.530
202404 0.562 126.890 0.595
202407 0.623 128.075 0.653
202410 0.582 127.838 0.611
202501 0.605 127.443 0.637
202504 0.611 129.102 0.635
202507 0.622 130.290 0.641
202510 0.523 130.603 0.538
202601 0.524 130.366 0.540
202604 0.552 132.736 0.558
202607 0.580 134.238 0.580

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.

Is Starcore International Mines (TSX:SAM) Overvalued in 2026?

Based on GuruFocus' analysis, Starcore International Mines stock appears to be overvalued. The current stock price of C$0.47 is trading 176.5% above its estimated GF Value™ of C$0.17. GuruFocus considers Starcore International Mines to be Significantly Overvalued.

Key valuation signals for TSX:SAM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$0.17 vs. price of C$0.47 (176.5% above fair value)
  • GF Score™: 44/100 with 2 warning signs

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


Starcore International Mines Business Description

Other Exchanges SHVLF:USAV4JA:Germany
Address 580 Hornby Street, Suite 750, Vancouver, BC, CAN, V6C 3B6
Starcore International Mines Ltd is in the business of exploration, development, and production of minerals. It has got products in various stages The San Martin being the primary source of operating cash flows. In Mexico, the business holds an interest in the silver and gold processing plant. Some of its projects include San Martin, El Creston, and Toiyabe among others. The majority of the organization's revenue comes from Bernal, Mexico. The Company is also engaged in acquiring mining related operating assets and exploration assets in North America and West Africa directly and through corporate acquisitions.
44GF Score

Get the complete analysis for TSX:SAM

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

C$0.47
Price
C$0.17
GF Value