Minco Capital (TSXV:MMM) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:MMM Minco Capital Corp TSXV:MMM
28 GF Score
Price C$0.12
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What is Minco Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Minco Capital  (TSXV:MMM) 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.


Minco Capital Cyclically Adjusted PB Ratio Related Terms


Minco Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Minco Capital'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.

Minco Capital Cyclically Adjusted PB Ratio Chart

Minco Capital 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 0.23 0.16 0.18 0.16 0.33

Minco Capital 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 0.16 0.22 0.34 0.43 0.43

TSXV:MMM vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Minco Capital'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.


Minco Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Minco Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:MMM
28GF Score
Minco Capital Corp TSXV:MMM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Minco Capital 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.

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

For example, Minco Capital'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)
=0.225/133.5265*133.5265
=0.225

Current CPI (Jun. 2026) = 133.5265.

Minco Capital Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.270 101.765 0.354
201612 0.405 101.449 0.533
201703 0.472 102.634 0.614
201706 0.414 103.029 0.537
201709 0.344 103.345 0.444
201712 0.346 103.345 0.447
201803 0.295 105.004 0.375
201806 0.297 105.557 0.376
201809 0.268 105.636 0.339
201812 0.229 105.399 0.290
201903 0.241 106.979 0.301
201906 0.272 107.690 0.337
201909 0.268 107.611 0.333
201912 0.269 107.769 0.333
202003 0.194 107.927 0.240
202006 0.226 108.401 0.278
202009 0.215 108.164 0.265
202012 0.235 108.559 0.289
202103 0.220 110.298 0.266
202106 0.231 111.720 0.276
202109 0.204 112.905 0.241
202112 0.205 113.774 0.241
202203 0.210 117.646 0.238
202206 0.152 120.806 0.168
202209 0.138 120.648 0.153
202212 0.154 120.964 0.170
202303 0.153 122.702 0.166
202306 0.146 124.203 0.157
202309 0.122 125.230 0.130
202312 0.126 125.072 0.135
202403 0.118 126.258 0.125
202406 0.124 127.522 0.130
202409 0.120 127.285 0.126
202412 0.118 127.364 0.124
202503 0.122 129.181 0.126
202506 0.138 129.892 0.142
202509 0.158 130.287 0.162
202512 0.228 130.366 0.234
202603 0.209 132.262 0.211
202606 0.225 133.527 0.225

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.


Minco Capital Business Description

Other Exchanges MGHCF:USAMI5:Germany
Address No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5
Minco Capital Corp is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.
28GF Score

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