Lincoln Gold Mining (TSXV:LMG) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:LMG Lincoln Gold Mining Inc TSXV:LMG
31 GF Score
Price C$0.48
! 4 Warning Signs
View Full Analysis

What is Lincoln Gold Mining Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lincoln Gold Mining  (TSXV:LMG) 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.


Lincoln Gold Mining Cyclically Adjusted PB Ratio Related Terms


Lincoln Gold Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lincoln Gold Mining'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.

Lincoln Gold Mining Cyclically Adjusted PB Ratio Chart

Lincoln Gold Mining 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 0.00 0.00 0.00 0.00 0.00

Lincoln Gold Mining 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 0.00 0.00 0.00 0.00 0.00

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

For the Gold subindustry, Lincoln Gold Mining'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.


Lincoln Gold Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSXV:LMG
31GF Score
Lincoln Gold Mining Inc TSXV:LMG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lincoln Gold Mining 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.

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

For example, Lincoln Gold Mining'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)
=-0.113/132.2623*132.2623
=-0.113

Current CPI (Mar. 2026) = 132.2623.

Lincoln Gold Mining Quarterly Data

Book Value per Share CPI Adj_Book
201606 -30.449 102.002 -39.482
201609 -26.749 101.765 -34.765
201612 -26.745 101.449 -34.868
201703 -27.153 102.634 -34.992
201706 -6.603 103.029 -8.477
201709 -6.289 103.345 -8.049
201712 -7.242 103.345 -9.268
201803 -2.195 105.004 -2.765
201806 -2.210 105.557 -2.769
201809 -2.547 105.636 -3.189
201812 -3.681 105.399 -4.619
201903 -3.773 106.979 -4.665
201906 -4.073 107.690 -5.002
201909 -3.591 107.611 -4.414
201912 -1.711 107.769 -2.100
202003 -1.501 107.927 -1.839
202006 -1.085 108.401 -1.324
202009 -0.707 108.164 -0.865
202012 -0.534 108.559 -0.651
202103 -0.568 110.298 -0.681
202106 -0.459 111.720 -0.543
202109 -0.355 112.905 -0.416
202112 -0.405 113.774 -0.471
202203 -0.447 117.646 -0.503
202206 -0.497 120.806 -0.544
202209 -0.592 120.648 -0.649
202212 -0.663 120.964 -0.725
202303 -0.732 122.702 -0.789
202306 -0.109 124.203 -0.116
202309 -0.138 125.230 -0.146
202312 -0.166 125.072 -0.176
202403 -0.183 126.258 -0.192
202406 -0.132 127.522 -0.137
202409 -0.119 127.285 -0.124
202412 -0.146 127.364 -0.152
202503 -0.101 129.181 -0.103
202506 -0.115 129.892 -0.117
202509 -0.127 130.287 -0.129
202512 -0.126 130.366 -0.128
202603 -0.113 132.262 -0.113

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.


Lincoln Gold Mining Business Description

Other Exchanges ZMG:Germany
Address 789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2
Lincoln Gold Mining Inc is a Canadian precious metals development and exploration company. The company holds interest in the Bell Mountain gold-silver property that is fully permitted and moving to production and a second larger project, the Pine Grove gold property which is in the final stages of permitting. The two gold projects are within 61 air miles of each other, located in the prospective Walker Lane mineral belt, known for its numerous gold and silver deposits. The company operates in one reportable operating segment, being the acquisition, exploration and evaluation of mineral properties. It operates within two geographic areas United States of America and Canada with United States of America generating the majority of revenue.
31GF Score

Get the complete analysis for TSXV:LMG

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

C$0.48
Price