Riley Gold (TSXV:RLYG) Cyclically Adjusted PB Ratio: 8.20 (As of Aug. 23, 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:RLYG Riley Gold Corp TSXV:RLYG
36 GF Score
Price C$0.82
! 3 Warning Signs
View Full Analysis

What is Riley Gold Cyclically Adjusted PB Ratio?

Riley Gold TSXV:RLYG -2.38% 36 Cyclically Adjusted PB Ratio is 8.20 as of Aug. 23, 2026. GuruFocus rates TSXV:RLYG with a GF Score™ of 36/100. The stock has 3 warning signs investors should review. Among 1,516 Metals & Mining companies, Riley Gold ranks worse than 83.97% on this metric.

As of today (2026-08-23), Riley Gold's current share price is C$0.82. Riley Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.10. Riley Gold's Cyclically Adjusted PB Ratio for today is 8.20.

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

TSXV:RLYG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 8.3
Current: 8.3

During the past years, Riley Gold's highest Cyclically Adjusted PB Ratio was 8.30. The lowest was 0.00. And the median was 0.00.

TSXV:RLYG's Cyclically Adjusted PB Ratio is ranked worse than
83.97% of 1516 companies
in the Metals & Mining industry
Industry Median: 1.51 vs TSXV:RLYG: 8.30

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.

Riley Gold's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.060. 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$0.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Riley Gold  (TSXV:RLYG) 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.


Riley Gold Cyclically Adjusted PB Ratio Related Terms


Riley Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Riley 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.

Riley Gold Cyclically Adjusted PB Ratio Chart

Riley 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 0.00 0.00 0.00 1.35 2.62

Riley 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 1.54 2.50 2.05 2.62 4.65

TSXV:RLYG vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Riley 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.


Riley Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSXV:RLYG
36GF Score
Riley Gold Corp TSXV:RLYG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riley 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.82/0.10
=8.20

* 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.

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

For example, Riley 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)
=0.06/132.2623*132.2623
=0.060

Current CPI (Mar. 2026) = 132.2623.

Riley Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.043 102.002 0.056
201609 0.042 101.765 0.055
201612 0.041 101.449 0.053
201703 0.051 102.634 0.066
201706 0.050 103.029 0.064
201709 0.049 103.345 0.063
201712 0.047 103.345 0.060
201803 0.046 105.004 0.058
201806 0.045 105.557 0.056
201809 0.043 105.636 0.054
201812 0.040 105.399 0.050
201903 0.037 106.979 0.046
201906 0.035 107.690 0.043
201909 0.034 107.611 0.042
201912 0.031 107.769 0.038
202003 0.029 107.927 0.036
202006 0.027 108.401 0.033
202009 0.023 108.164 0.028
202012 0.114 108.559 0.139
202103 0.105 110.298 0.126
202106 0.096 111.720 0.114
202109 0.149 112.905 0.175
202112 0.141 113.774 0.164
202203 0.133 117.646 0.150
202206 0.129 120.806 0.141
202209 0.132 120.648 0.145
202212 0.190 120.964 0.208
202303 0.185 122.702 0.199
202306 0.178 124.203 0.190
202309 0.178 125.230 0.188
202312 0.169 125.072 0.179
202403 0.185 126.258 0.194
202406 0.159 127.522 0.165
202409 0.154 127.285 0.160
202412 0.153 127.364 0.159
202503 0.056 129.181 0.057
202506 0.052 129.892 0.053
202509 0.047 130.287 0.048
202512 0.041 130.366 0.042
202603 0.060 132.262 0.060

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 8.20 mean?
Riley Gold (TSXV:RLYG) has a Cyclically Adjusted PB Ratio of 8.20 as of Aug. 23, 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 Riley Gold and its competitors. According to the industry distribution chart, Riley Gold ranks #1273 out of 1516 companies in the Metals & Mining industry, placing it in the top 84%.
Is Riley Gold's Cyclically Adjusted PB Ratio too high?
Riley Gold's current Cyclically Adjusted PB Ratio is 8.20. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. Riley Gold's value of 8.20 is 443% above this industry median. Based on the distribution chart, Riley Gold ranks #1273 out of 1516 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Riley Gold has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Riley Gold's Cyclically Adjusted PB Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Riley Gold ranks #1273 out of 1516 companies for Cyclically Adjusted PB Ratio. This places Riley Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Riley Gold's value of 8.20 is 443% above 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 1.51, based on 1,516 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. Riley Gold's current Cyclically Adjusted PB Ratio of 8.20 is 443% above 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 Riley Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riley Gold's current Cyclically Adjusted PB Ratio is 8.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riley Gold stock overvalued right now?
Riley Gold (TSXV:RLYG) has a current Cyclically Adjusted PB Ratio of 8.20. The current Cyclically Adjusted PB Ratio is 8.20 and 443% above the Metals & Mining industry median of 1.51. Riley Gold's overall GF Score™ is 36/100 with 3 warning signs to review. 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 Riley Gold (TSXV:RLYG), the current Cyclically Adjusted PB Ratio is 8.20 as of Aug. 23, 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.

Riley Gold Business Description

Other Exchanges RLYGF:USA
Address 1055 West Hastings Street, Suite 2390, Vancouver, BC, CAN, V6E 2E9
Riley Gold Corp is a Canada-based precious metals exploration company. It is engaged in the acquisition and exploration of mineral properties located in the state of Nevada, USA. The company's projects include the Tokop Gold project and the Pipeline West/Clipper Project. The Company operates in a single business segment, which is the exploration and development of mineral properties in Canada and the USA.
36GF Score

Get the complete analysis for TSXV:RLYG

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

C$0.82
Price