Mustang Minerals (TSXV:MMX) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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What is Mustang Minerals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mustang Minerals  (TSXV:MMX) 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.


Mustang Minerals Cyclically Adjusted PB Ratio Related Terms


Mustang Minerals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mustang Minerals'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.

Mustang Minerals Cyclically Adjusted PB Ratio Chart

Mustang Minerals 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 - - - 0.08 0.19

Mustang Minerals 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 0.19 0.19 0.18 0.26 0.28

TSXV:MMX vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Mustang Minerals'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.


Mustang Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Mustang Minerals 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.

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

For example, Mustang Minerals'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)
=0.011/133.5265*133.5265
=0.011

Current CPI (Jun. 2026) = 133.5265.

Mustang Minerals Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.314 101.765 0.412
201612 0.293 101.449 0.386
201703 0.341 102.634 0.444
201706 0.328 103.029 0.425
201709 0.312 103.345 0.403
201712 0.298 103.345 0.385
201803 0.373 105.004 0.474
201806 0.384 105.557 0.486
201809 0.377 105.636 0.477
201812 0.373 105.399 0.473
201903 0.369 106.979 0.461
201906 0.366 107.690 0.454
201909 0.362 107.611 0.449
201912 0.359 107.769 0.445
202003 0.355 107.927 0.439
202006 0.351 108.401 0.432
202009 0.346 108.164 0.427
202012 0.342 108.559 0.421
202103 0.338 110.298 0.409
202106 0.336 111.720 0.402
202109 0.334 112.905 0.395
202112 0.332 113.774 0.390
202203 0.331 117.646 0.376
202206 0.330 120.806 0.365
202209 0.329 120.648 0.364
202212 0.327 120.964 0.361
202303 0.327 122.702 0.356
202306 0.326 124.203 0.350
202309 0.326 125.230 0.348
202312 0.016 125.072 0.017
202403 0.019 126.258 0.020
202406 0.021 127.522 0.022
202409 0.025 127.285 0.026
202412 0.023 127.364 0.024
202503 0.023 129.181 0.024
202506 0.020 129.892 0.021
202509 0.019 130.287 0.019
202512 0.014 130.366 0.014
202603 0.013 132.262 0.013
202606 0.011 133.527 0.011

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.


Mustang Minerals Business Description

Other Exchanges MMXLF:USA28X:Germany
Address 1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9
Mustang Minerals Ltd, formerly Azucar Minerals Ltd is an exploration company. The company is focused on the exploration of its El Cobre gold-copper porphyry project in Veracruz, Mexico. The company operates in one reportable operating segment, the acquisition and exploration of mineral resource properties in Mexico. The Projects of the company include: Pilot; Confusion Hills; Red Ring; and El Cobre.