Japan Gold (TSXV:JG) Cyclically Adjusted PB Ratio: 0.58 (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Japan Gold Cyclically Adjusted PB Ratio?

Japan Gold TSXV:JG +7.69% Cyclically Adjusted PB Ratio is 0.58 as of Aug. 18, 2026. The stock has 2 warning signs investors should review. Among 1,519 Metals & Mining companies, Japan Gold ranks better than 71.23% on this metric.

As of today (2026-08-18), Japan Gold's current share price is C$0.07. Japan Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.12. Japan Gold's Cyclically Adjusted PB Ratio for today is 0.58.

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

TSXV:JG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.56
Current: 0.56

During the past years, Japan Gold's highest Cyclically Adjusted PB Ratio was 0.56. The lowest was 0.00. And the median was 0.00.

TSXV:JG's Cyclically Adjusted PB Ratio is ranked better than
71.23% of 1519 companies
in the Metals & Mining industry
Industry Median: 1.52 vs TSXV:JG: 0.56

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.

Japan Gold's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.074. 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$0.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Gold  (TSXV:JG) 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.


Japan Gold Cyclically Adjusted PB Ratio Related Terms


Japan Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Japan 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.

Japan Gold Cyclically Adjusted PB Ratio Chart

Japan Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.36 2.72 0.87 0.66 1.06

Japan Gold 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 1.20 0.90 1.11 1.06 0.82

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

For the Gold subindustry, Japan 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.


Japan Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Japan 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.

Japan Gold's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.07/0.12
=0.58

* 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.

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

For example, Japan Gold'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)
=0.074/132.2623*132.2623
=0.074

Current CPI (Mar. 2026) = 132.2623.

Japan Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.041 102.002 0.053
201609 0.119 101.765 0.155
201612 0.098 101.449 0.128
201703 0.085 102.634 0.110
201706 0.063 103.029 0.081
201709 0.000 103.345 0.000
201712 0.099 103.345 0.127
201803 0.091 105.004 0.115
201806 0.076 105.557 0.095
201809 0.063 105.636 0.079
201812 0.092 105.399 0.115
201903 0.085 106.979 0.105
201906 0.077 107.690 0.095
201909 0.103 107.611 0.127
201912 0.095 107.769 0.117
202003 0.097 107.927 0.119
202006 0.118 108.401 0.144
202009 0.117 108.164 0.143
202012 0.111 108.559 0.135
202103 0.100 110.298 0.120
202106 0.131 111.720 0.155
202109 0.144 112.905 0.169
202112 0.139 113.774 0.162
202203 0.130 117.646 0.146
202206 0.121 120.806 0.132
202209 0.117 120.648 0.128
202212 0.121 120.964 0.132
202303 0.116 122.702 0.125
202306 0.112 124.203 0.119
202309 0.108 125.230 0.114
202312 0.109 125.072 0.115
202403 0.102 126.258 0.107
202406 0.096 127.522 0.100
202409 0.102 127.285 0.106
202412 0.095 127.364 0.099
202503 0.095 129.181 0.097
202506 0.088 129.892 0.090
202509 0.085 130.287 0.086
202512 0.076 130.366 0.077
202603 0.074 132.262 0.074

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 0.58 mean?
Japan Gold (TSXV:JG) has a Cyclically Adjusted PB Ratio of 0.58 as of Aug. 18, 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 Japan Gold and its competitors. According to the industry distribution chart, Japan Gold ranks #437 out of 1519 companies in the Metals & Mining industry, placing it in the top 28.8%.
Is Japan Gold's Cyclically Adjusted PB Ratio too high?
Japan Gold's current Cyclically Adjusted PB Ratio is 0.58. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.52. Japan Gold's value of 0.58 is 61.8% below this industry median. Based on the distribution chart, Japan Gold ranks #437 out of 1519 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Japan Gold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Japan Gold ranks #437 out of 1519 companies for Cyclically Adjusted PB Ratio. This puts Japan Gold in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Japan Gold's value of 0.58 is 61.8% below 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 1,519 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. Japan Gold's current Cyclically Adjusted PB Ratio of 0.58 is 61.8% below 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 Japan Gold 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. Japan Gold's current Cyclically Adjusted PB Ratio is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Gold stock overvalued right now?
Japan Gold (TSXV:JG) has a current Cyclically Adjusted PB Ratio of 0.58. The current Cyclically Adjusted PB Ratio is 0.58 and 61.8% below the Metals & Mining industry median of 1.52. 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 Japan Gold (TSXV:JG), the current Cyclically Adjusted PB Ratio is 0.58 as of Aug. 18, 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.

Japan Gold Business Description

Other Exchanges JGLDF:USA
Address 669 Howe Street, Suite 650, Vancouver, BC, CAN, V6C 0B4
Japan Gold Corp is a mineral exploration company. It is engaged in gold and copper-gold exploration in Japan. The company has identified one reportable operating segment: the exploration and evaluation of mineral properties across the three islands of Japan: Hokkaido, Honshu, and Kyushu.