WNMLA (Winmill) Cyclically Adjusted PB Ratio: 0.69 (As of Jul. 08, 2026)


WNMLA Winmill & Co Inc WNMLA
53 GF Score
Price $5.25
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What is Winmill Cyclically Adjusted PB Ratio?

Winmill WNMLA 53 Cyclically Adjusted PB Ratio is 0.69 as of Jul. 08, 2026. GuruFocus rates WNMLA with a GF Score™ of 53/100.

As of today (2026-07-08), Winmill's current share price is $5.25. Winmill's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $7.59. Winmill's Cyclically Adjusted PB Ratio for today is 0.69.

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

WNMLA's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.86
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Winmill's adjusted book value per share data for the three months ended in Sep. 2023 was $7.074. 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 $7.59 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winmill  (OTCPK:WNMLA) 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.


Winmill Cyclically Adjusted PB Ratio Related Terms


Winmill Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Winmill'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.

Winmill Cyclically Adjusted PB Ratio Chart

Winmill Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.90 0.48 1.11 0.85

Winmill Quarterly Data
Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Dec04 Dec05 Dec06 Sep22 Sep23
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 0.48 1.11 0.85 0.00 0.49

WNMLA vs DEFG, MVNT, ILUS: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Winmill'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.


Winmill Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Winmill's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WNMLA
53GF Score
Winmill & Co Inc WNMLA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Winmill 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.

Winmill's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.25/7.59
=0.69

* 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.

Winmill's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Winmill's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=7.074/307.7890*307.7890
=7.074

Current CPI (Sep. 2023) = 307.7890.

Winmill Quarterly Data

Book Value per Share CPI Adj_Book
199509 3.443 153.200 6.917
199512 3.070 153.500 6.156
199603 2.705 155.700 5.347
199606 2.632 156.700 5.170
199609 2.628 157.800 5.126
199612 2.847 158.600 5.525
199703 2.920 160.000 5.617
199706 2.920 160.300 5.607
199709 3.139 161.200 5.993
199712 3.285 161.300 6.268
199803 3.358 162.200 6.372
199806 3.504 163.000 6.617
199809 2.779 163.600 5.228
199812 3.021 163.900 5.673
199903 4.411 165.000 8.228
199906 4.471 166.200 8.280
199909 4.350 167.900 7.974
199912 4.737 168.300 8.663
200003 4.708 171.200 8.464
200006 4.695 172.400 8.382
200009 4.653 173.700 8.245
200012 4.811 174.000 8.510
200103 4.717 176.200 8.240
200106 4.925 178.000 8.516
200109 4.915 178.300 8.484
200112 4.739 176.700 8.255
200203 4.822 178.800 8.301
200206 4.842 179.900 8.284
200209 4.680 181.000 7.958
200212 4.787 180.900 8.145
200303 4.837 184.200 8.082
200306 5.173 183.700 8.667
200309 5.321 185.200 8.843
200312 5.217 184.300 8.713
200403 6.147 187.400 10.096
200412 5.463 190.300 8.836
200512 6.824 196.800 10.673
200612 6.785 201.800 10.349
202209 0.000 296.808 0.000
202309 7.074 307.789 7.074

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 0.69 mean?
Winmill (WNMLA) has a Cyclically Adjusted PB Ratio of 0.69 as of Jul. 08, 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 Winmill and its competitors.
Is Winmill's Cyclically Adjusted PB Ratio too high?
Winmill's current Cyclically Adjusted PB Ratio is 0.69. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Winmill's value of 0.69 is 19.8% below this industry median. Overall, Winmill has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Winmill's Cyclically Adjusted PB Ratio compare to DEFG and MVNT?
Winmill's Cyclically Adjusted PB Ratio of 0.69 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.86. Winmill's value of 0.69 is 19.8% below 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.86, based on 1,005 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. Winmill's current Cyclically Adjusted PB Ratio of 0.69 is 19.8% below 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 Winmill and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winmill's current Cyclically Adjusted PB Ratio is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winmill stock overvalued right now?
Winmill (WNMLA) has a current Cyclically Adjusted PB Ratio of 0.69. The current Cyclically Adjusted PB Ratio is 0.69 and 19.8% below the Asset Management industry median of 0.86. Winmill's overall GF Score™ is 53/100. 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 Winmill (WNMLA), the current Cyclically Adjusted PB Ratio is 0.69 as of Jul. 08, 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.

Winmill Business Description

Address P.O. Box 4, Walpole, NH, USA, 03608
Winmill & Co Inc through its subsidiaries provides investment management and distribution for the two mutual funds in the Midas Funds family and investment management for the closed end fund Foxby Corp. The objective of the Company is to increase book value per share over time for the benefit of its stockholders.
53GF 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.

$5.25
Price