Argentum Silver (TSXV:ASL) Cyclically Adjusted PB Ratio: 10.50 (As of Aug. 17, 2026)

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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:ASL Argentum Silver Corp TSXV:ASL
26 GF Score
Price C$0.11
! 3 Warning Signs
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What is Argentum Silver Cyclically Adjusted PB Ratio?

Argentum Silver TSXV:ASL 26 Cyclically Adjusted PB Ratio is 10.50 as of Aug. 17, 2026. GuruFocus rates TSXV:ASL with a GF Score™ of 26/100. The stock has 3 warning signs investors should review. Among 1,520 Metals & Mining companies, Argentum Silver ranks worse than 90.66% on this metric.

As of today (2026-08-17), Argentum Silver's current share price is C$0.105. Argentum Silver's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.01. Argentum Silver's Cyclically Adjusted PB Ratio for today is 10.50.

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

TSXV:ASL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 10.15
Current: 10.15

During the past years, Argentum Silver's highest Cyclically Adjusted PB Ratio was 10.15. The lowest was 0.00. And the median was 0.00.

TSXV:ASL's Cyclically Adjusted PB Ratio is ranked worse than
90.66% of 1520 companies
in the Metals & Mining industry
Industry Median: 1.515 vs TSXV:ASL: 10.15

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.

Argentum Silver's adjusted book value per share data for the three months ended in Mar. 2026 was C$-0.008. 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$0.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Argentum Silver  (TSXV:ASL) 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.


Argentum Silver Cyclically Adjusted PB Ratio Related Terms


Argentum Silver Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Argentum 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.

Argentum Silver Cyclically Adjusted PB Ratio Chart

Argentum Silver Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.59 1.10 1.62 10.18

Argentum Silver 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 18.56 10.18 22.41 11.23 14.99

Argentum Silver Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Argentum 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.


Argentum Silver Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSXV:ASL
26GF Score
Argentum Silver Corp TSXV:ASL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Argentum 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.105/0.01
=10.50

* 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.

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

For example, Argentum Silver'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)
=-0.008/132.2623*132.2623
=-0.008

Current CPI (Mar. 2026) = 132.2623.

Argentum Silver Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.056 102.002 -0.073
201609 0.016 101.765 0.021
201612 0.013 101.449 0.017
201703 0.010 102.634 0.013
201706 0.008 103.029 0.010
201709 0.006 103.345 0.008
201712 0.014 103.345 0.018
201803 0.013 105.004 0.016
201806 0.011 105.557 0.014
201809 0.003 105.636 0.004
201812 0.001 105.399 0.001
201903 -0.001 106.979 -0.001
201906 0.002 107.690 0.002
201909 0.036 107.611 0.044
201912 0.034 107.769 0.042
202003 0.021 107.927 0.026
202006 0.018 108.401 0.022
202009 0.016 108.164 0.020
202012 0.020 108.559 0.024
202103 0.018 110.298 0.022
202106 0.018 111.720 0.021
202109 0.019 112.905 0.022
202112 0.018 113.774 0.021
202203 0.023 117.646 0.026
202206 0.018 120.806 0.020
202209 0.017 120.648 0.019
202212 0.014 120.964 0.015
202303 0.011 122.702 0.012
202306 0.008 124.203 0.009
202309 0.007 125.230 0.007
202312 0.005 125.072 0.005
202403 0.004 126.258 0.004
202406 0.001 127.522 0.001
202409 0.000 127.285 0.000
202412 -0.002 127.364 -0.002
202503 -0.003 129.181 -0.003
202506 -0.004 129.892 -0.004
202509 -0.005 130.287 -0.005
202512 -0.006 130.366 -0.006
202603 -0.008 132.262 -0.008

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 10.50 mean?
Argentum Silver (TSXV:ASL) has a Cyclically Adjusted PB Ratio of 10.50 as of Aug. 17, 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 Argentum Silver and its competitors. According to the industry distribution chart, Argentum Silver ranks #1378 out of 1520 companies in the Metals & Mining industry, placing it in the top 90.7%.
Is Argentum Silver's Cyclically Adjusted PB Ratio too high?
Argentum Silver's current Cyclically Adjusted PB Ratio is 10.50. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.52. Argentum Silver's value of 10.50 is 593.1% above this industry median. Based on the distribution chart, Argentum Silver ranks #1378 out of 1520 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Argentum Silver has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Argentum Silver's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Argentum Silver ranks #1378 out of 1520 companies for Cyclically Adjusted PB Ratio. This places Argentum Silver in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Argentum Silver's value of 10.50 is 593.1% 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 1.52, based on 1,520 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. Argentum Silver's current Cyclically Adjusted PB Ratio of 10.50 is 593.1% 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 Argentum Silver and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argentum Silver's current Cyclically Adjusted PB Ratio is 10.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argentum Silver stock overvalued right now?
Argentum Silver (TSXV:ASL) has a current Cyclically Adjusted PB Ratio of 10.50. The current Cyclically Adjusted PB Ratio is 10.50 and 593.1% above the Metals & Mining industry median of 1.52. Argentum Silver's overall GF Score™ is 26/100 with 3 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 Argentum Silver (TSXV:ASL), the current Cyclically Adjusted PB Ratio is 10.50 as of Aug. 17, 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.

Argentum Silver Business Description

Other Exchanges AGSVF:USA26A1:Germany
Address 217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2
Argentum Silver Corp is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada and Peru.
26GF 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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