Apollo Silver (TSXV:APGO) Cyclically Adjusted PB Ratio: 3.77 (As of Aug. 01, 2026)

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Founder & CEO of GuruFocus
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TSXV:APGO Apollo Silver Corp TSXV:APGO
33 GF Score
Price C$2.60
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What is Apollo Silver Cyclically Adjusted PB Ratio?

Apollo Silver TSXV:APGO -2.26% 33 Cyclically Adjusted PB Ratio is 3.77 as of Aug. 01, 2026. GuruFocus rates TSXV:APGO with a GF Score™ of 33/100. Among 1,535 Metals & Mining companies, Apollo Silver ranks worse than 75.31% on this metric.

As of today (2026-08-01), Apollo Silver's current share price is C$2.60. Apollo Silver's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was C$0.69. Apollo Silver's Cyclically Adjusted PB Ratio for today is 3.77.

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

TSXV:APGO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 3.83
Current: 3.83

During the past years, Apollo Silver's highest Cyclically Adjusted PB Ratio was 3.83. The lowest was 0.00. And the median was 0.00.

TSXV:APGO's Cyclically Adjusted PB Ratio is ranked worse than
75.31% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs TSXV:APGO: 3.83

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.

Apollo Silver's adjusted book value per share data for the three months ended in May. 2026 was C$0.896. 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$0.69 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Silver  (TSXV:APGO) 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.


Apollo Silver Cyclically Adjusted PB Ratio Related Terms


Apollo Silver Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Apollo Silver'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.

Apollo Silver Cyclically Adjusted PB Ratio Chart

Apollo Silver Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 0.89 1.07 2.01 7.61

Apollo Silver 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 3.74 5.02 7.61 7.38 4.72

TSXV:APGO vs EXK: Cyclically Adjusted PB Ratio Comparison

For the Silver subindustry, Apollo Silver'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.


Apollo Silver Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSXV:APGO
33GF Score
Apollo Silver Corp TSXV:APGO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apollo Silver 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.

Apollo Silver's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.60/0.69
=3.77

* 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.

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

For example, Apollo Silver'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)
=0.896/134.0005*134.0005
=0.896

Current CPI (May. 2026) = 134.0005.

Apollo Silver Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.012 101.686 0.016
201611 -0.010 101.607 -0.013
201702 -0.020 102.476 -0.026
201705 -0.020 103.108 -0.026
201708 -0.028 103.108 -0.036
201711 -0.034 103.740 -0.044
201802 -0.041 104.688 -0.052
201805 -0.041 105.399 -0.052
201808 -0.003 106.031 -0.004
201811 -0.015 105.478 -0.019
201902 -0.023 106.268 -0.029
201905 -0.031 107.927 -0.038
201908 -0.038 108.085 -0.047
201911 -0.049 107.769 -0.061
202002 -0.058 108.559 -0.072
202005 0.235 107.532 0.293
202008 0.578 108.243 0.716
202011 0.610 108.796 0.751
202102 0.594 109.745 0.725
202105 0.570 111.404 0.686
202108 2.834 112.668 3.371
202111 0.443 113.932 0.521
202202 2.753 115.986 3.181
202205 2.597 120.016 2.900
202208 2.619 120.569 2.911
202211 0.216 121.675 0.238
202302 2.571 122.070 2.822
202305 2.536 124.045 2.740
202308 2.505 125.389 2.677
202311 0.102 125.468 0.109
202402 0.083 125.468 0.089
202405 0.067 127.601 0.070
202408 0.056 127.838 0.059
202411 0.283 127.838 0.297
202502 0.262 128.786 0.273
202505 0.221 129.813 0.228
202508 0.190 130.208 0.196
202511 0.589 130.682 0.604
202602 0.923 131.077 0.944
202605 0.896 134.001 0.896

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 3.77 mean?
Apollo Silver (TSXV:APGO) has a Cyclically Adjusted PB Ratio of 3.77 as of Aug. 01, 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 Apollo Silver and its competitors. According to the industry distribution chart, Apollo Silver ranks #1156 out of 1535 companies in the Metals & Mining industry, placing it in the top 75.3%.
Is Apollo Silver's Cyclically Adjusted PB Ratio too high?
Apollo Silver's current Cyclically Adjusted PB Ratio is 3.77. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Apollo Silver's value of 3.77 is 169.3% above this industry median. Based on the distribution chart, Apollo Silver ranks #1156 out of 1535 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Apollo Silver has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Apollo Silver's Cyclically Adjusted PB Ratio compare to EXK?
According to the Metals & Mining industry distribution chart, Apollo Silver ranks #1156 out of 1535 companies for Cyclically Adjusted PB Ratio. This places Apollo Silver in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Apollo Silver's value of 3.77 is 169.3% 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 1.40, based on 1,535 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. Apollo Silver's current Cyclically Adjusted PB Ratio of 3.77 is 169.3% 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 Apollo Silver and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Silver's current Cyclically Adjusted PB Ratio is 3.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Silver stock overvalued right now?
Apollo Silver (TSXV:APGO) has a current Cyclically Adjusted PB Ratio of 3.77. The current Cyclically Adjusted PB Ratio is 3.77 and 169.3% above the Metals & Mining industry median of 1.40. Apollo Silver's overall GF Score™ is 33/100. 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 Apollo Silver (TSXV:APGO), the current Cyclically Adjusted PB Ratio is 3.77 as of Aug. 01, 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.

Apollo Silver Business Description

Other Exchanges APGOF:USA6ZF:Germany
Address 1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3
Apollo Silver Corp is an exploration and development company. The principal business of the Company is the acquisition, exploration, and definition of potentially economically viable mineral resource deposits on mineral properties. The Company, together with its subsidiaries, is a mineral exploration and development group focused on advancing the Calico Silver Project (the Calico Project), its silver exploration and resource development project in the United States, as well as its optioned project in Chihuahua, Mexico, called the Cinco de Mayo Project (Cinco de Mayo). The Calico Project is comprised of the Waterloo property (the Waterloo Property), the Langtry property (the Langtry Property ), and the newly acquired Mule property (the Mule Property) in San Bernardino County, California.
33GF Score

Get the complete analysis for TSXV:APGO

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

C$2.60
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