Ur-Energy (TSX:URE) Cyclically Adjusted PB Ratio: 4.33 (As of Aug. 23, 2026) — 44% Above Median

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TSX:URE Ur-Energy Inc TSX:URE
27 GF Score
Price C$1.95
! 5 Warning Signs
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What is Ur-Energy Cyclically Adjusted PB Ratio?

Ur-Energy TSX:URE +5.41% 27 Cyclically Adjusted PB Ratio is 4.33 as of Aug. 23, 2026, which is 44% above its 10-year median of 3.00. GuruFocus rates TSX:URE with a GF Score™ of 27/100. The stock has 5 warning signs investors should review. Among 131 Other Energy Sources companies, Ur-Energy ranks worse than 86.26% on this metric.

As of today (2026-08-23), Ur-Energy's current share price is C$1.95. Ur-Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$0.45. Ur-Energy's Cyclically Adjusted PB Ratio for today is 4.33.

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

TSX:URE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 3   Max: 6.4
Current: 4.34

During the past years, Ur-Energy's highest Cyclically Adjusted PB Ratio was 6.40. The lowest was 0.73. And the median was 3.00.

TSX:URE's Cyclically Adjusted PB Ratio is ranked worse than
86.26% of 131 companies
in the Other Energy Sources industry
Industry Median: 1.21 vs TSX:URE: 4.34

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.

Ur-Energy's adjusted book value per share data for the three months ended in Jun. 2026 was C$0.243. 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$0.45 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ur-Energy  (TSX:URE) 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.


Ur-Energy Cyclically Adjusted PB Ratio Related Terms


Ur-Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ur-Energy'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.

Ur-Energy Cyclically Adjusted PB Ratio Chart

Ur-Energy 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 3.54 3.70 4.81 3.74 4.23

Ur-Energy 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 3.18 5.46 4.23 4.59 4.27

TSX:URE vs UEC, LEU: Cyclically Adjusted PB Ratio Comparison

For the Uranium subindustry, Ur-Energy'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.


Ur-Energy Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Ur-Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:URE
27GF Score
Ur-Energy Inc TSX:URE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ur-Energy 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.

Ur-Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.95/0.45
=4.33

* 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.

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

For example, Ur-Energy'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)
=0.243/333.9520*333.9520
=0.243

Current CPI (Jun. 2026) = 333.9520.

Ur-Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.328 241.428 0.454
201612 0.336 241.432 0.465
201703 0.396 243.801 0.542
201706 0.407 244.955 0.555
201709 0.352 246.819 0.476
201712 0.338 246.524 0.458
201803 0.402 249.554 0.538
201806 0.433 251.989 0.574
201809 0.437 252.439 0.578
201812 0.436 251.233 0.580
201903 0.400 254.202 0.525
201906 0.382 256.143 0.498
201909 0.347 256.759 0.451
201912 0.364 256.974 0.473
202003 0.356 258.115 0.461
202006 0.329 257.797 0.426
202009 0.303 260.280 0.389
202012 0.257 260.474 0.329
202103 0.266 264.877 0.335
202106 0.261 271.696 0.321
202109 0.319 274.310 0.388
202112 0.410 278.802 0.491
202203 0.378 287.504 0.439
202206 0.389 296.311 0.438
202209 0.398 296.808 0.448
202212 0.378 296.797 0.425
202303 0.499 301.836 0.552
202306 0.449 305.109 0.491
202309 0.372 307.789 0.404
202312 0.371 306.746 0.404
202403 0.370 312.332 0.396
202406 0.431 314.175 0.458
202409 0.569 315.301 0.603
202412 0.520 315.605 0.550
202503 0.484 319.799 0.505
202506 0.382 322.561 0.395
202509 0.334 324.800 0.343
202512 0.283 324.054 0.292
202603 0.286 330.213 0.289
202606 0.243 333.952 0.243

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 4.33 mean?
Ur-Energy (TSX:URE) has a Cyclically Adjusted PB Ratio of 4.33 as of Aug. 23, 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 Ur-Energy and its competitors. This is 44% above median its historical median of 3.00. Over the past decade, Ur-Energy's Cyclically Adjusted PB Ratio has ranged from 0.73 to 6.40. According to the industry distribution chart, Ur-Energy ranks #113 out of 131 companies in the Other Energy Sources industry, placing it in the top 86.3%.
Is Ur-Energy's Cyclically Adjusted PB Ratio too high?
Ur-Energy's current Cyclically Adjusted PB Ratio of 4.33 is 44% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 6.40. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.21. Ur-Energy's value of 4.33 is 257.9% above this industry median. Based on the distribution chart, Ur-Energy ranks #113 out of 131 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Ur-Energy has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Ur-Energy's Cyclically Adjusted PB Ratio compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Ur-Energy ranks #113 out of 131 companies for Cyclically Adjusted PB Ratio. This places Ur-Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Ur-Energy's value of 4.33 is 257.9% above this benchmark. Historically, Ur-Energy's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 6.40 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 1.21, Ur-Energy 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 Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.21, based on 131 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. Ur-Energy's current Cyclically Adjusted PB Ratio of 4.33 is 257.9% 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 Ur-Energy and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ur-Energy's current Cyclically Adjusted PB Ratio is 4.33, which is 44% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ur-Energy stock overvalued right now?
Ur-Energy (TSX:URE) has a current Cyclically Adjusted PB Ratio of 4.33. The current Cyclically Adjusted PB Ratio is 4.33, which is 44% above median its 10-year median of 3.00 and 257.9% above the Other Energy Sources industry median of 1.21. Ur-Energy's overall GF Score™ is 27/100 with 5 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 Ur-Energy (TSX:URE), the current Cyclically Adjusted PB Ratio is 4.33 as of Aug. 23, 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.

Ur-Energy Business Description

Other Exchanges URG:USAU9T:Germany
Address 1478 Willer Drive, Casper, WY, USA, 82604
Ur-Energy Inc is engaged in uranium mining and recovery operations, with activities including the acquisition, exploration, development, and production of uranium mineral resources located in Wyoming. The company owns and operates the Lost Creek in-situ recovery uranium facility in south-central Wyoming, Lost Creek received an amendment to its license allowing the expansion of mining activities within the existing Lost Creek Project and the adjacent LC East Project; Shirley Basin; Other U.S. Projects.
27GF Score

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

C$1.95
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