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Bedford Metals (TSXV:BFM) Cyclically Adjusted PB Ratio : 1.70 (As of May. 21, 2024)


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What is Bedford Metals Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Bedford Metals's current share price is C$2.08. Bedford Metals's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$1.22. Bedford Metals's Cyclically Adjusted PB Ratio for today is 1.70.

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

TSXV:BFM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.7
Current: 1.7

During the past years, Bedford Metals's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.00. And the median was 0.00.

TSXV:BFM's Cyclically Adjusted PB Ratio is ranked worse than
66.71% of 1616 companies
in the Metals & Mining industry
Industry Median: 0.905 vs TSXV:BFM: 1.70

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.

Bedford Metals's adjusted book value per share data for the three months ended in Dec. 2023 was C$-0.018. 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$1.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bedford Metals Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bedford Metals'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.

* Premium members only.

Bedford Metals Cyclically Adjusted PB Ratio Chart

Bedford Metals Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.06 0.04 0.02 0.03

Bedford Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.02 0.03 0.02 0.08 0.41

Competitive Comparison of Bedford Metals's Cyclically Adjusted PB Ratio

For the Gold subindustry, Bedford Metals'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.


Bedford Metals's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Bedford Metals 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.

Bedford Metals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.08/1.22
=1.70

* 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.

Bedford Metals's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bedford Metals's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.018/125.0724*125.0724
=-0.018

Current CPI (Dec. 2023) = 125.0724.

Bedford Metals Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.954 98.604 8.821
201406 6.784 99.473 8.530
201409 6.697 99.394 8.427
201412 6.199 98.367 7.882
201503 3.237 99.789 4.057
201506 3.100 100.500 3.858
201509 3.145 100.421 3.917
201512 2.394 99.947 2.996
201603 0.713 101.054 0.882
201606 0.804 102.002 0.986
201609 0.790 101.765 0.971
201612 -0.039 101.449 -0.048
201703 0.069 102.634 0.084
201706 0.001 103.029 0.001
201709 0.064 103.345 0.077
201712 0.012 103.345 0.015
201803 0.018 105.004 0.021
201806 -0.003 105.557 -0.004
201809 -0.014 105.636 -0.017
201812 0.058 105.399 0.069
201903 0.133 106.979 0.155
201906 -0.087 107.690 -0.101
201909 -0.097 107.611 -0.113
201912 -0.105 107.769 -0.122
202003 -0.117 107.927 -0.136
202006 -0.125 108.401 -0.144
202009 -0.134 108.164 -0.155
202012 -0.141 108.559 -0.162
202103 -0.194 110.298 -0.220
202106 -0.181 111.720 -0.203
202109 -0.190 112.905 -0.210
202112 -0.197 113.774 -0.217
202203 -0.207 117.646 -0.220
202206 -0.218 120.806 -0.226
202209 -0.215 120.648 -0.223
202212 -0.220 120.964 -0.227
202303 -0.025 122.702 -0.025
202306 -0.028 124.203 -0.028
202309 -0.014 125.230 -0.014
202312 -0.018 125.072 -0.018

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.


Bedford Metals  (TSXV:BFM) 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.


Bedford Metals Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Bedford Metals's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bedford Metals (TSXV:BFM) Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
Bedford Metals Corp is engaged in the business of acquiring, exploring, and developing mineral exploration properties. The company owns interests in Philips Arm Gold Camp which includes Margurete Gold Project and Hewitt Point Project.
Executives
Peter Born Director

Bedford Metals (TSXV:BFM) Headlines

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