Barrick Mining (XTER:ABR0) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

XTER:ABR0 Barrick Mining Corp XTER:ABR0
91 GF Score
Price €37.65
GF Value €29.33
Valuation Modestly Overvalued
View Full Analysis

What is Barrick Mining Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Barrick Mining  (XTER:ABR0) 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.


Barrick Mining Cyclically Adjusted PB Ratio Related Terms


Barrick Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Barrick Mining'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.

Barrick Mining Cyclically Adjusted PB Ratio Chart

Barrick Mining 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 1.29 1.28 1.22 1.04 2.46

Barrick Mining Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.18 1.87 2.51 2.20 1.97

XTER:ABR0 vs NEM, AU, RGLD: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Barrick 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.


Barrick Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


XTER:ABR0
91GF Score
Barrick Mining Corp XTER:ABR0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Barrick 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.

Barrick Mining's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Barrick Mining's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.583/133.5265*133.5265
=19.583

Current CPI (Jun. 2026) = 133.5265.

Barrick Mining Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.486 101.765 9.822
201612 8.358 101.449 11.001
201703 8.857 102.634 11.523
201706 8.758 103.029 11.350
201709 8.402 103.345 10.856
201712 7.873 103.345 10.172
201803 7.824 105.004 9.949
201806 8.122 105.557 10.274
201809 7.880 105.636 9.961
201812 7.030 105.399 8.906
201903 9.304 106.979 11.613
201906 9.252 107.690 11.472
201909 14.653 107.611 18.182
201912 14.945 107.769 18.517
202003 15.559 107.927 19.249
202006 15.396 108.401 18.964
202009 15.181 108.164 18.741
202012 14.575 108.559 17.927
202103 15.348 110.298 18.580
202106 15.248 111.720 18.224
202109 15.562 112.905 18.404
202112 15.966 113.774 18.738
202203 16.479 117.646 18.704
202206 17.572 120.806 19.422
202209 18.716 120.648 20.714
202212 16.702 120.964 18.437
202303 16.200 122.702 17.629
202306 16.439 124.203 17.673
202309 17.054 125.230 18.184
202312 16.502 125.072 17.617
202403 16.991 126.258 17.969
202406 17.298 127.522 18.113
202409 16.862 127.285 17.689
202412 18.595 127.364 19.495
202503 18.071 129.181 18.679
202506 16.690 129.892 17.157
202509 17.106 130.287 17.531
202512 18.253 130.366 18.695
202603 19.048 132.262 19.230
202606 19.583 133.527 19.583

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.

Is Barrick Mining (XTER:ABR0) Overvalued in 2026?

Based on GuruFocus' analysis, Barrick Mining stock appears to be overvalued. The current stock price of €37.65 is trading 28.4% above its estimated GF Value™ of €29.33. GuruFocus considers Barrick Mining to be Modestly Overvalued.

Key valuation signals for XTER:ABR0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €29.33 vs. price of €37.65 (28.4% above fair value)
  • GF Score™: 91/100

No single metric tells the full story. See the XTER:ABR0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Barrick Mining Business Description

Address 161 Bay Street, Suite 3700, P.O. Box 212, Brookfield Place, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Based in Toronto, Barrick is one of the world's largest gold miners. In 2025, the firm sold about 3.3 million attributable ounces of gold and about 220,000 metric tons of copper. At end-2025, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan. It intends to undertake an IPO of its joint venture stakes in Nevada Gold Mines and Pueblo Viejo along with its Fourmile deposit later in 2026.
91GF Score

Get the complete analysis for XTER:ABR0

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

€37.65
Price
€29.33
GF Value