SolGold (TSX:SOLG) Cyclically Adjusted PB Ratio : 0.76 (As of Jun. 20, 2024)

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What is SolGold Cyclically Adjusted PB Ratio?

As of today (2024-06-20), SolGold's current share price is C$0.145. SolGold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$0.19. SolGold's Cyclically Adjusted PB Ratio for today is 0.76.

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

TSX:SOLG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.99
Current: 0.77

During the past years, SolGold's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.00. And the median was 0.00.

TSX:SOLG's Cyclically Adjusted PB Ratio is ranked better than
51.87% of 1635 companies
in the Metals & Mining industry
Industry Median: 0.82 vs TSX:SOLG: 0.77

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.

SolGold's adjusted book value per share data for the three months ended in Mar. 2024 was C$0.118. 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$0.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

SolGold Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SolGold'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.

SolGold Cyclically Adjusted PB Ratio Chart

SolGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cyclically Adjusted PB Ratio

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1.34

SolGold Quarterly Data
	Jun17	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	-	1.34	0.80	0.92

Competitive Comparison of SolGold's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, SolGold'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.

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

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

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

SolGold 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.

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

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.145	/	0.19
	=	0.76

SolGold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, SolGold's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	0.118	/	131.6000	*	131.6000
	=	0.118

Current CPI (Mar. 2024) = 131.6000.

SolGold Quarterly Data

	Book Value per Share	CPI	Adj_Book
200712	0.343	84.500	0.534
200806	0.370	86.600	0.562
200812	0.264	87.100	0.399
200906	0.264	88.100	0.394
200912	0.259	88.900	0.383
201006	0.146	90.200	0.213
201012	0.209	91.700	0.300
201106	0.210	93.500	0.296
201112	0.207	95.000	0.287
201206	0.133	95.600	0.183
201212	0.108	97.300	0.146
201306	0.032	98.000	0.043
201312	0.039	99.200	0.052
201406	0.046	99.800	0.061
201412	0.040	99.900	0.053
201506	0.038	100.100	0.050
201512	0.037	100.400	0.048
201606	0.035	101.000	0.046
201609	0.000	101.500	0.000
201612	0.073	102.200	0.094
201706	0.111	103.500	0.141
201709	0.101	104.300	0.127
201712	0.136	105.000	0.170
201806	0.132	105.900	0.164
201809	0.130	106.600	0.160
201812	0.176	107.100	0.216
201906	0.172	107.900	0.210
201912	0.172	108.500	0.209
202006	0.185	108.800	0.224
202012	0.173	109.400	0.208
202103	0.000	109.700	0.000
202106	0.179	111.400	0.211
202112	0.179	114.700	0.205
202203	0.170	116.500	0.192
202206	0.186	120.500	0.203
202212	0.193	125.300	0.203
202303	0.146	126.800	0.152
202306	0.139	129.400	0.141
202312	0.130	130.500	0.131
202403	0.118	131.600	0.118

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.

SolGold (TSX:SOLG) 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.

SolGold Cyclically Adjusted PB Ratio Related Terms

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

SolGold (TSX:SOLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SolGold PLC (TSX:SOLG) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

SLGGF:USA SOLGl:UK SOLG:UK S8F:Germany

Address

1 King Street, London, GBR, EC2V 8AU

Website

https://www.solgold.com.au

SolGold PLC is a developer of an exploration company intended to explore gold and copper mining properties. The company's platform helps in the discovery, definition and development of world-class copper-gold deposits, enabling systematic and discipline exploration of both metals.

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