Pelangio Exploration (TSXV:PX) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

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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.

TSXV:PX Pelangio Exploration Inc TSXV:PX
30 GF Score
Price C$0.12
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What is Pelangio Exploration Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pelangio Exploration  (TSXV:PX) 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.


Pelangio Exploration Cyclically Adjusted PB Ratio Related Terms


Pelangio Exploration Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pelangio Exploration'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.

Pelangio Exploration Cyclically Adjusted PB Ratio Chart

Pelangio Exploration 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 0.13 0.07 0.12 59.66 130.03

Pelangio Exploration 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 89.50 52.40 113.28 130.03 61.10

Pelangio Exploration Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Pelangio Exploration'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.


Pelangio Exploration Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSXV:PX
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Pelangio Exploration Inc TSXV:PX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pelangio Exploration 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.

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

For example, Pelangio Exploration'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)
=0.016/132.2623*132.2623
=0.016

Current CPI (Mar. 2026) = 132.2623.

Pelangio Exploration Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.007 102.002 -0.009
201609 -0.009 101.765 -0.012
201612 -0.014 101.449 -0.018
201703 -0.011 102.634 -0.014
201706 -0.019 103.029 -0.024
201709 -0.004 103.345 -0.005
201712 0.000 103.345 0.000
201803 0.009 105.004 0.011
201806 -0.001 105.557 -0.001
201809 -0.009 105.636 -0.011
201812 0.014 105.399 0.018
201903 0.017 106.979 0.021
201906 0.008 107.690 0.010
201909 0.006 107.611 0.007
201912 0.002 107.769 0.002
202003 -0.008 107.927 -0.010
202006 0.016 108.401 0.020
202009 0.005 108.164 0.006
202012 0.025 108.559 0.030
202103 0.016 110.298 0.019
202106 0.014 111.720 0.017
202109 0.010 112.905 0.012
202112 0.006 113.774 0.007
202203 0.006 117.646 0.007
202206 0.003 120.806 0.003
202209 0.000 120.648 0.000
202212 0.003 120.964 0.003
202303 0.002 122.702 0.002
202306 -0.001 124.203 -0.001
202309 -0.003 125.230 -0.003
202312 -0.005 125.072 -0.005
202403 -0.005 126.258 -0.005
202406 -0.004 127.522 -0.004
202409 -0.005 127.285 -0.005
202412 -0.003 127.364 -0.003
202503 0.002 129.181 0.002
202506 0.001 129.892 0.001
202509 0.002 130.287 0.002
202512 0.021 130.366 0.021
202603 0.016 132.262 0.016

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.


Pelangio Exploration Business Description

Other Exchanges PGXPF:USA
Address 372 Bay Street, Suite 1800, Toronto, ON, CAN, M5H 2W9
Pelangio Exploration Inc is a Canadian junior gold exploration company. The principal business of the company is the acquisition, exploration, and development of mineral property interests in Canada and Ghana, Africa. It holds an interest in various properties in Ghana, such as Manfo property, Nkosuo, Dankran property, and Obuasi property. In Canada, the company owns an interest in Birch Lake property and others.
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