Sprott (TSX:SII) Cyclically Adjusted PB Ratio: 8.25 (As of Jul. 15, 2026) — 220% Above Median

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TSX:SII Sprott Inc TSX:SII
97 GF Score
Price C$149.31
GF Value C$155.13
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Sprott Cyclically Adjusted PB Ratio?

Sprott TSX:SII +1.26% 97 Cyclically Adjusted PB Ratio is 8.25 as of Jul. 15, 2026, which is 220% above its 10-year median of 2.58. GuruFocus rates TSX:SII with a GF Score™ of 97/100 and a GF Value™ of C$155.13 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,000 Asset Management companies, Sprott ranks worse than 96.2% on this metric.

As of today (2026-07-15), Sprott's current share price is C$149.31. Sprott's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$18.09. Sprott's Cyclically Adjusted PB Ratio for today is 8.25.

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

TSX:SII' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 2.58   Max: 12.43
Current: 8.25

During the past years, Sprott's highest Cyclically Adjusted PB Ratio was 12.43. The lowest was 1.27. And the median was 2.58.

TSX:SII's Cyclically Adjusted PB Ratio is ranked worse than
96.2% of 1000 companies
in the Asset Management industry
Industry Median: 0.85 vs TSX:SII: 8.25

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.

Sprott's adjusted book value per share data for the three months ended in Mar. 2026 was C$20.224. 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$18.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sprott  (TSX:SII) 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.


Sprott Cyclically Adjusted PB Ratio Related Terms


Sprott Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sprott'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.

Sprott Cyclically Adjusted PB Ratio Chart

Sprott 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 3.24 2.52 2.53 3.44 7.55

Sprott 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 3.63 5.31 6.51 7.55 10.97

TSX:SII vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Sprott'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.


Sprott Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:SII
97GF Score
Sprott Inc TSX:SII
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sprott 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.

Sprott's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=149.31/18.09
=8.25

* 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.

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

For example, Sprott'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)
=20.224/132.2623*132.2623
=20.224

Current CPI (Mar. 2026) = 132.2623.

Sprott Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.709 102.002 19.073
201609 14.935 101.765 19.411
201612 14.704 101.449 19.170
201703 14.872 102.634 19.165
201706 14.284 103.029 18.337
201709 14.651 103.345 18.751
201712 14.915 103.345 19.088
201803 15.238 105.004 19.194
201806 15.283 105.557 19.150
201809 15.297 105.636 19.153
201812 15.119 105.399 18.972
201903 15.250 106.979 18.854
201906 15.215 107.690 18.687
201909 14.907 107.611 18.322
201912 14.649 107.769 17.978
202003 14.460 107.927 17.720
202006 14.829 108.401 18.093
202009 14.970 108.164 18.305
202012 15.036 108.559 18.319
202103 14.615 110.298 17.525
202106 14.585 111.720 17.267
202109 14.857 112.905 17.404
202112 14.467 113.774 16.818
202203 14.991 117.646 16.854
202206 14.655 120.806 16.045
202209 14.473 120.648 15.866
202212 14.512 120.964 15.867
202303 15.116 122.702 16.294
202306 15.277 124.203 16.268
202309 15.927 125.230 16.821
202312 16.141 125.072 17.069
202403 16.385 126.258 17.164
202406 17.043 127.522 17.677
202409 17.606 127.285 18.295
202412 17.862 127.364 18.549
202503 18.146 129.181 18.579
202506 18.301 129.892 18.635
202509 18.494 130.287 18.774
202512 19.647 130.366 19.933
202603 20.224 132.262 20.224

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 8.25 mean?
Sprott (TSX:SII) has a Cyclically Adjusted PB Ratio of 8.25 as of Jul. 15, 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 Sprott and its competitors. This is 220% above median its historical median of 2.58. Over the past decade, Sprott's Cyclically Adjusted PB Ratio has ranged from 1.27 to 12.43. According to the industry distribution chart, Sprott ranks #962 out of 1000 companies in the Asset Management industry, placing it in the top 96.2%.
Is Sprott's Cyclically Adjusted PB Ratio too high?
Sprott's current Cyclically Adjusted PB Ratio of 8.25 is 220% above median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 12.43. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Sprott's value of 8.25 is 870.6% above this industry median. Based on the distribution chart, Sprott ranks #962 out of 1000 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Sprott has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sprott's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Sprott ranks #962 out of 1000 companies for Cyclically Adjusted PB Ratio. This places Sprott in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Sprott's value of 8.25 is 870.6% above this benchmark. Historically, Sprott's own Cyclically Adjusted PB Ratio has ranged from 1.27 to 12.43 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 0.85, Sprott has consistently been above the industry average. 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 1,000 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. Sprott's current Cyclically Adjusted PB Ratio of 8.25 is 870.6% 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 Sprott and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sprott's current Cyclically Adjusted PB Ratio is 8.25, which is 220% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott stock overvalued right now?
Based on GuruFocus' analysis, Sprott (TSX:SII) is currently considered Fairly Valued. The stock's GF Value™ is C$155.13, compared to a current price of C$149.31 — trading 3.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.25, which is 220% above median its 10-year median of 2.58 and 870.6% above the Asset Management industry median of 0.85. Sprott's overall GF Score™ is 97/100 with 2 warning signs 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 Sprott (TSX:SII), the current Cyclically Adjusted PB Ratio is 8.25 as of Jul. 15, 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.

Is Sprott (TSX:SII) Overvalued in 2026?

Based on GuruFocus' analysis, Sprott stock appears to be undervalued. The current stock price of C$149.31 is trading 3.8% below its estimated GF Value™ of C$155.13. GuruFocus considers Sprott to be Fairly Valued.

Key valuation signals for TSX:SII:

  • Cyclically Adjusted PB Ratio: 8.25 (220% above median its 10-year median of 2.58)
  • GF Value™: C$155.13 vs. price of C$149.31 (3.8% below fair value)
  • GF Score™: 97/100 with 2 warning signs
  • Industry Position: 870.6% above the Asset Management median (#962 of 1000)

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


Sprott Business Description

Other Exchanges SII:USAA781:Germany
Address 200 Bay Street, Royal Bank Plaza, South Tower, Suite 2600, Toronto, ON, CAN, M5J 2J1
Sprott Inc is an alternative asset manager. The company has four reportable segments: Exchange Listed Products, which derives key revenue, and includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the company's branded funds, fixed-term LPs and managed accounts; Private strategies which provide lending and streaming activities through limited partnership vehicles; and the Corporate segment which provides capital, balance sheet management and enterprise shared services to the company's subsidiaries. Geographically, it derives key revenue from Canada, followed by the United States.
97GF Score

Get the complete analysis for TSX:SII

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

C$149.31
Price
C$155.13
GF Value