Altamira Gold (TSXV:ALTA) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:ALTA Altamira Gold Corp TSXV:ALTA
34 GF Score
Price C$0.29
! 1 Warning Sign
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What is Altamira Gold Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Altamira Gold  (TSXV:ALTA) 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.


Altamira Gold Cyclically Adjusted PB Ratio Related Terms


Altamira Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Altamira 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.

Altamira Gold Cyclically Adjusted PB Ratio Chart

Altamira Gold Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.55 0.51 0.42 1.16

Altamira Gold Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.38 0.61 1.10 1.02 0.98

TSXV:ALTA vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Altamira 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.


Altamira Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSXV:ALTA
34GF Score
Altamira Gold Corp TSXV:ALTA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Altamira 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.

Altamira Gold's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Altamira Gold's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.111/134.0005*134.0005
=0.111

Current CPI (May. 2026) = 134.0005.

Altamira Gold Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.541 101.686 0.713
201611 0.517 101.607 0.682
201702 0.426 102.476 0.557
201705 0.360 103.108 0.468
201708 0.349 103.108 0.454
201711 0.350 103.740 0.452
201802 0.240 104.688 0.307
201805 0.227 105.399 0.289
201808 0.198 106.031 0.250
201811 0.201 105.478 0.255
201902 0.195 106.268 0.246
201905 0.174 107.927 0.216
201908 0.167 108.085 0.207
201911 0.163 107.769 0.203
202002 0.134 108.559 0.165
202005 0.118 107.532 0.147
202008 0.116 108.243 0.144
202011 0.114 108.796 0.140
202102 0.122 109.745 0.149
202105 0.122 111.404 0.147
202108 0.123 112.668 0.146
202111 0.118 113.932 0.139
202202 0.119 115.986 0.137
202205 0.120 120.016 0.134
202208 0.117 120.569 0.130
202211 0.117 121.675 0.129
202302 0.115 122.070 0.126
202305 0.115 124.045 0.124
202308 0.115 125.389 0.123
202311 0.116 125.468 0.124
202402 0.114 125.468 0.122
202405 0.110 127.601 0.116
202408 0.102 127.838 0.107
202411 0.099 127.838 0.104
202502 0.101 128.786 0.105
202505 0.099 129.813 0.102
202508 0.100 130.208 0.103
202511 0.111 130.682 0.114
202602 0.110 131.077 0.112
202605 0.111 134.001 0.111

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.


Altamira Gold Business Description

Other Exchanges EQTRF:USAT6UP:Germany
Address 409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
Altamira Gold Corp is a junior natural resource company. Principally, it is engaged in the acquisition, exploration, development, and mining of mineral properties. Its project consists of the Cajueiro Project, Crepori Project, Apiacas Project, Nova Canada, Santa Helena, and others. The geographical segments of the group are Canada and Brazil.
34GF 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.

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