True Gold Mining (TSXV:TGM) Cyclically Adjusted PB Ratio : (As of May. 07, 2024)

True Gold Mining Cyclically Adjusted PB Ratio Chart

True Gold Mining Annual Data
	Trend	Oct06	Oct07	Oct08	Oct09	Oct10	Oct11	Oct12	Dec13	Dec14	Dec15
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True Gold Mining Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
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Competitive Comparison of True Gold Mining's Cyclically Adjusted PB Ratio

For the Gold subindustry, True Gold Mining'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.

True Gold Mining's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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

True Gold Mining 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.

True Gold Mining's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2015 is calculated as:

For example, True Gold Mining's adjusted Book Value per Share data for the three months ended in Dec. 2015 was:

Current CPI (Dec. 2015) = 99.9473.

True Gold Mining Quarterly Data

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.

True Gold Mining  (TSXV:TGM) 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.

True Gold Mining Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of True Gold Mining's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

True Gold Mining (TSXV:TGM) Business Description