Southstone Minerals (TSXV:SML) Cyclically Adjusted PB Ratio: (As of Jul. 25, 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.

What is Southstone Minerals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Southstone Minerals  (TSXV:SML) 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.


Southstone Minerals Cyclically Adjusted PB Ratio Related Terms


Southstone Minerals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Southstone 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.

Southstone Minerals Cyclically Adjusted PB Ratio Chart

Southstone Minerals Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 5.02 6.58 0.00 0.00

Southstone Minerals Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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

Southstone Minerals Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Precious Metals & Mining subindustry, Southstone 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.


Southstone Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Southstone 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.

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

For example, Southstone Minerals's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=-0.042/131.0772*131.0772
=-0.042

Current CPI (Feb. 2026) = 131.0772.

Southstone Minerals Quarterly Data

Book Value per Share CPI Adj_Book
201605 -0.070 101.765 -0.090
201608 -0.066 101.686 -0.085
201611 -0.065 101.607 -0.084
201702 -0.031 102.476 -0.040
201705 -0.020 103.108 -0.025
201708 -0.038 103.108 -0.048
201711 -0.021 103.740 -0.027
201802 0.015 104.688 0.019
201805 0.004 105.399 0.005
201808 0.000 106.031 0.000
201811 0.009 105.478 0.011
201902 0.002 106.268 0.002
201905 -0.020 107.927 -0.024
201908 -0.019 108.085 -0.023
201911 -0.007 107.769 -0.009
202002 -0.017 108.559 -0.021
202005 -0.049 107.532 -0.060
202008 -0.032 108.243 -0.039
202011 -0.006 108.796 -0.007
202102 -0.008 109.745 -0.010
202105 -0.010 111.404 -0.012
202108 -0.033 112.668 -0.038
202111 -0.036 113.932 -0.041
202202 -0.027 115.986 -0.031
202205 -0.031 120.016 -0.034
202208 -0.037 120.569 -0.040
202211 -0.039 121.675 -0.042
202302 -0.040 122.070 -0.043
202305 -0.041 124.045 -0.043
202308 -0.042 125.389 -0.044
202311 -0.042 125.468 -0.044
202402 -0.045 125.468 -0.047
202405 -0.043 127.601 -0.044
202408 -0.045 127.838 -0.046
202411 -0.047 127.838 -0.048
202502 -0.051 128.786 -0.052
202505 -0.050 129.813 -0.050
202508 -0.049 130.208 -0.049
202511 -0.048 130.682 -0.048
202602 -0.042 131.077 -0.042

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.


Southstone Minerals Business Description

Address 2751 Graham Street, Victoria, BC, CAN, V8T 3Z1
Southstone Minerals Ltd is a Canadian junior mining company engaged in the acquisition, exploration, evaluation, development, and mining of mineral properties. It holds the majority interest in the Oena Diamond Mine, an alluvial diamond property located in the Northern Cape Province, South Africa, that produces diamonds of varying sizes and characteristics, including occasional larger stones. The company generates revenue from the sale of diamonds.