Bathurst Metals (TSXV:BMV) Cyclically Adjusted PB Ratio: (As of Sep. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Bathurst Metals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bathurst Metals  (TSXV:BMV) 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.


Bathurst Metals Cyclically Adjusted PB Ratio Related Terms


Bathurst Metals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bathurst 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.

Bathurst Metals Cyclically Adjusted PB Ratio Chart

Bathurst Metals Annual Data
Trend Sep13 Sep14 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.90 4.36 13.14 0.00

Bathurst Metals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

Bathurst Metals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Bathurst 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.


Bathurst Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Bathurst 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.

Bathurst Metals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bathurst Metals's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.058/133.5265*133.5265
=0.058

Current CPI (Jun. 2026) = 133.5265.

Bathurst Metals Quarterly Data

Book Value per Share CPI Adj_Book
201309 -0.098 97.419 -0.134
201312 -0.101 96.945 -0.139
201403 -0.107 98.604 -0.145
201406 -0.112 99.473 -0.150
201409 -0.121 99.394 -0.163
201412 -0.126 98.367 -0.171
201503 -0.129 99.789 -0.173
201506 -0.131 100.500 -0.174
201809 -0.138 105.636 -0.174
201812 0.000 105.399 0.000
201903 0.000 106.979 0.000
201906 0.000 107.690 0.000
201909 -0.086 107.611 -0.107
201912 -0.089 107.769 -0.110
202003 -0.093 107.927 -0.115
202006 -0.095 108.401 -0.117
202009 0.003 108.164 0.004
202012 0.029 108.559 0.036
202103 0.028 110.298 0.034
202106 0.025 111.720 0.030
202109 0.020 112.905 0.024
202112 0.036 113.774 0.042
202203 0.031 117.646 0.035
202206 0.028 120.806 0.031
202209 0.025 120.648 0.028
202212 0.034 120.964 0.038
202303 0.052 122.702 0.057
202306 0.047 124.203 0.051
202309 0.044 125.230 0.047
202312 0.050 125.072 0.053
202403 0.053 126.258 0.056
202406 0.050 127.522 0.052
202409 0.045 127.285 0.047
202412 0.041 127.364 0.043
202503 0.045 129.181 0.047
202506 0.041 129.892 0.042
202509 0.042 130.287 0.043
202512 0.041 130.366 0.042
202603 0.056 132.262 0.057
202606 0.058 133.527 0.058

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.


Bathurst Metals Business Description

Other Exchanges BMVVF:USA
Address 700-1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Bathurst Metals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and development of mineral properties located in British Columbia and Navanut, Canada. The company holds an interest in the Turner Lake, TED, McGregor Lake, Speers Lake, Gela Lake, and McAvoy Lake Projects in Nunavut and the Peerless Property a gold /silver prospect in the historic Bralorne Camp in British Columbia.