Western Copper & Gold (TSX:WRN) Cyclically Adjusted PB Ratio: 3.75 (As of Jul. 30, 2026)

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TSX:WRN Western Copper & Gold Corp TSX:WRN
36 GF Score
Price C$2.85
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What is Western Copper & Gold Cyclically Adjusted PB Ratio?

Western Copper & Gold TSX:WRN -1.72% 36 Cyclically Adjusted PB Ratio is 3.75 as of Jul. 30, 2026. GuruFocus rates TSX:WRN with a GF Score™ of 36/100. Among 1,537 Metals & Mining companies, Western Copper & Gold ranks worse than 75.08% on this metric.

As of today (2026-07-30), Western Copper & Gold's current share price is C$2.85. Western Copper & Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.76. Western Copper & Gold's Cyclically Adjusted PB Ratio for today is 3.75.

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

TSX:WRN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 3.76
Current: 3.76

During the past years, Western Copper & Gold's highest Cyclically Adjusted PB Ratio was 3.76. The lowest was 0.00. And the median was 0.00.

TSX:WRN's Cyclically Adjusted PB Ratio is ranked worse than
75.08% of 1537 companies
in the Metals & Mining industry
Industry Median: 1.41 vs TSX:WRN: 3.76

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.

Western Copper & Gold's adjusted book value per share data for the three months ended in Mar. 2026 was C$1.240. 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$0.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Copper & Gold  (TSX:WRN) 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.


Western Copper & Gold Cyclically Adjusted PB Ratio Related Terms


Western Copper & Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Western Copper & Gold'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.

Western Copper & Gold Cyclically Adjusted PB Ratio Chart

Western Copper & Gold 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 3.50 3.93 2.71 2.21 5.02

Western Copper & Gold 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 2.34 2.34 3.82 5.02 4.66

Western Copper & Gold Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Western Copper & Gold'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.


Western Copper & Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Western Copper & Gold's Cyclically Adjusted PB Ratio falls into.


TSX:WRN
36GF Score
Western Copper & Gold Corp TSX:WRN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Copper & Gold 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.

Western Copper & Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.85/0.76
=3.75

* 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.

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

For example, Western Copper & Gold'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)
=1.24/132.2623*132.2623
=1.240

Current CPI (Mar. 2026) = 132.2623.

Western Copper & Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.483 102.002 0.626
201609 0.478 101.765 0.621
201612 0.478 101.449 0.623
201703 0.472 102.634 0.608
201706 0.466 103.029 0.598
201709 0.466 103.345 0.596
201712 0.461 103.345 0.590
201803 0.475 105.004 0.598
201806 0.465 105.557 0.583
201809 0.464 105.636 0.581
201812 0.459 105.399 0.576
201903 0.453 106.979 0.560
201906 0.461 107.690 0.566
201909 0.469 107.611 0.576
201912 0.464 107.769 0.569
202003 0.463 107.927 0.567
202006 0.480 108.401 0.586
202009 0.482 108.164 0.589
202012 0.609 108.559 0.742
202103 0.604 110.298 0.724
202106 0.718 111.720 0.850
202109 0.742 112.905 0.869
202112 0.740 113.774 0.860
202203 0.735 117.646 0.826
202206 0.731 120.806 0.800
202209 0.730 120.648 0.800
202212 0.724 120.964 0.792
202303 0.723 122.702 0.779
202306 0.823 124.203 0.876
202309 0.822 125.230 0.868
202312 0.840 125.072 0.888
202403 0.841 126.258 0.881
202406 0.962 127.522 0.998
202409 0.962 127.285 1.000
202412 0.956 127.364 0.993
202503 0.955 129.181 0.978
202506 0.956 129.892 0.973
202509 0.956 130.287 0.970
202512 0.955 130.366 0.969
202603 1.240 132.262 1.240

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 3.75 mean?
Western Copper & Gold (TSX:WRN) has a Cyclically Adjusted PB Ratio of 3.75 as of Jul. 30, 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 Western Copper & Gold and its competitors. According to the industry distribution chart, Western Copper & Gold ranks #1154 out of 1537 companies in the Metals & Mining industry, placing it in the top 75.1%.
Is Western Copper & Gold's Cyclically Adjusted PB Ratio too high?
Western Copper & Gold's current Cyclically Adjusted PB Ratio is 3.75. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.41. Western Copper & Gold's value of 3.75 is 166% above this industry median. Based on the distribution chart, Western Copper & Gold ranks #1154 out of 1537 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Western Copper & Gold has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Western Copper & Gold's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Western Copper & Gold ranks #1154 out of 1537 companies for Cyclically Adjusted PB Ratio. This places Western Copper & Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.41. Western Copper & Gold's value of 3.75 is 166% 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 1.41, based on 1,537 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. Western Copper & Gold's current Cyclically Adjusted PB Ratio of 3.75 is 166% 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 Western Copper & Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Copper & Gold's current Cyclically Adjusted PB Ratio is 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Copper & Gold stock overvalued right now?
Western Copper & Gold (TSX:WRN) has a current Cyclically Adjusted PB Ratio of 3.75. The current Cyclically Adjusted PB Ratio is 3.75 and 166% above the Metals & Mining industry median of 1.41. Western Copper & Gold's overall GF Score™ is 36/100. 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 Western Copper & Gold (TSX:WRN), the current Cyclically Adjusted PB Ratio is 3.75 as of Jul. 30, 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.

Western Copper & Gold Business Description

Other Exchanges WRN:USA31WN:Germany
Address 1030 West Georgia Street, Suite 907, Vancouver, BC, CAN, V6E 2Y3
Western Copper & Gold Corp is a Canada-based exploration-stage company. The company is engaged in the exploration and development of the Casino mineral property located in Yukon, Canada (the Casino Project). The Casino can deliver the critical minerals necessary for the energy transition while serving as an engine for long-term economic growth and prosperity in the North.
36GF Score

Get the complete analysis for TSX:WRN

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

C$2.85
Price