WHGOF (White Gold) Cyclically Adjusted PB Ratio: 1.84 (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

WHGOF White Gold Corp WHGOF
28 GF Score
Price $1.09
! 1 Warning Sign
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What is White Gold Cyclically Adjusted PB Ratio?

White Gold WHGOF 28 Cyclically Adjusted PB Ratio is 1.84 as of Jul. 17, 2026. GuruFocus rates WHGOF with a GF Score™ of 28/100. The stock has 1 warning sign investors should review. Among 1,547 Metals & Mining companies, White Gold ranks worse than 57.98% on this metric.

As of today (2026-07-17), White Gold's current share price is $1.0855. White Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.59. White Gold's Cyclically Adjusted PB Ratio for today is 1.84.

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

WHGOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 2.02
Current: 2.02

During the past years, White Gold's highest Cyclically Adjusted PB Ratio was 2.02. The lowest was 0.00. And the median was 0.00.

WHGOF's Cyclically Adjusted PB Ratio is ranked worse than
57.98% of 1547 companies
in the Metals & Mining industry
Industry Median: 1.42 vs WHGOF: 2.02

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.

White Gold's adjusted book value per share data for the three months ended in Mar. 2026 was $0.461. 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 $0.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


White Gold  (OTCPK:WHGOF) 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.


White Gold Cyclically Adjusted PB Ratio Related Terms


White Gold Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for White 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.

White Gold Cyclically Adjusted PB Ratio Chart

White 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 1.91 0.84 0.44 0.32 1.53

White 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 0.30 0.40 1.30 1.53 1.91

WHGOF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, White 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.


White Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


WHGOF
28GF Score
White Gold Corp WHGOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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White 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.0855/0.59
=1.84

* 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.

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

For example, White 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)
=0.461/132.2623*132.2623
=0.461

Current CPI (Mar. 2026) = 132.2623.

White Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.011 102.002 0.014
201609 0.010 101.765 0.013
201612 0.343 101.449 0.447
201703 0.403 102.634 0.519
201706 0.678 103.029 0.870
201709 0.732 103.345 0.937
201712 0.713 103.345 0.913
201803 0.684 105.004 0.862
201806 0.668 105.557 0.837
201809 0.660 105.636 0.826
201812 0.643 105.399 0.807
201903 0.645 106.979 0.797
201906 0.644 107.690 0.791
201909 0.654 107.611 0.804
201912 0.620 107.769 0.761
202003 0.578 107.927 0.708
202006 0.589 108.401 0.719
202009 0.598 108.164 0.731
202012 0.605 108.559 0.737
202103 0.610 110.298 0.731
202106 0.621 111.720 0.735
202109 0.587 112.905 0.688
202112 0.593 113.774 0.689
202203 0.594 117.646 0.668
202206 0.582 120.806 0.637
202209 0.557 120.648 0.611
202212 0.538 120.964 0.588
202303 0.529 122.702 0.570
202306 0.541 124.203 0.576
202309 0.528 125.230 0.558
202312 0.508 125.072 0.537
202403 0.500 126.258 0.524
202406 0.492 127.522 0.510
202409 0.496 127.285 0.515
202412 0.439 127.364 0.456
202503 0.431 129.181 0.441
202506 0.451 129.892 0.459
202509 0.443 130.287 0.450
202512 0.464 130.366 0.471
202603 0.461 132.262 0.461

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 1.84 mean?
White Gold (WHGOF) has a Cyclically Adjusted PB Ratio of 1.84 as of Jul. 17, 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 White Gold and its competitors. According to the industry distribution chart, White Gold ranks #897 out of 1547 companies in the Metals & Mining industry, placing it in the top 58%.
Is White Gold's Cyclically Adjusted PB Ratio too high?
White Gold's current Cyclically Adjusted PB Ratio is 1.84. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.42. White Gold's value of 1.84 is 29.6% above this industry median. Based on the distribution chart, White Gold ranks #897 out of 1547 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, White Gold has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does White Gold's Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, White Gold ranks #897 out of 1547 companies for Cyclically Adjusted PB Ratio. This places White Gold in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. White Gold's value of 1.84 is 29.6% 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 1.42, based on 1,547 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. White Gold's current Cyclically Adjusted PB Ratio of 1.84 is 29.6% 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 White Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. White Gold's current Cyclically Adjusted PB Ratio is 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Gold stock overvalued right now?
White Gold (WHGOF) has a current Cyclically Adjusted PB Ratio of 1.84. The current Cyclically Adjusted PB Ratio is 1.84 and 29.6% above the Metals & Mining industry median of 1.42. White Gold's overall GF Score™ is 28/100 with 1 warning sign 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 White Gold (WHGOF), the current Cyclically Adjusted PB Ratio is 1.84 as of Jul. 17, 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.

White Gold Business Description

Other Exchanges 29W:GermanyWGO:Canada
Address 82 Richmond Street East, Toronto, ON, CAN, M5C 1P1
White Gold Corp is engaged in mineral exploration and owns a portfolio of quartz claims across multiple properties in the Yukon White Gold District. Its flagship White Gold Project includes gold deposits with reported mineral resources. The company conducts exploration activities to identify and evaluate gold and mineral resource targets within its properties.
28GF Score

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

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