ZPHYF (Zephyr Minerals) Cyclically Adjusted PB Ratio: 0.39 (As of Aug. 03, 2026)

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What is Zephyr Minerals Cyclically Adjusted PB Ratio?

Zephyr Minerals ZPHYF -3.75% Cyclically Adjusted PB Ratio is 0.39 as of Aug. 03, 2026. The stock has 1 warning sign investors should review. Among 1,535 Metals & Mining companies, Zephyr Minerals ranks better than 74.01% on this metric.

As of today (2026-08-03), Zephyr Minerals's current share price is $0.03494. Zephyr Minerals's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $0.09. Zephyr Minerals's Cyclically Adjusted PB Ratio for today is 0.39.

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

ZPHYF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.47
Current: 0.47

During the past years, Zephyr Minerals's highest Cyclically Adjusted PB Ratio was 0.47. The lowest was 0.00. And the median was 0.00.

ZPHYF's Cyclically Adjusted PB Ratio is ranked better than
74.01% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs ZPHYF: 0.47

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.

Zephyr Minerals's adjusted book value per share data for the three months ended in Dec. 2025 was $0.045. 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 $0.09 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zephyr Minerals  (OTCPK:ZPHYF) 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.


Zephyr Minerals Cyclically Adjusted PB Ratio Related Terms


Zephyr Minerals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zephyr 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.

Zephyr Minerals Cyclically Adjusted PB Ratio Chart

Zephyr Minerals 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 2.15 1.12 0.88 0.37 0.47

Zephyr Minerals Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.37 0.31 0.47 0.57 0.47

ZPHYF vs NEM, AU: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Zephyr 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.


Zephyr Minerals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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



Zephyr 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.

Zephyr Minerals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.03494/0.09
=0.39

* 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.

Zephyr Minerals's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Zephyr Minerals's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.045/130.3661*130.3661
=0.045

Current CPI (Dec. 2025) = 130.3661.

Zephyr Minerals Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.050 101.054 0.065
201606 0.049 102.002 0.063
201609 0.048 101.765 0.061
201612 0.049 101.449 0.063
201703 0.052 102.634 0.066
201706 0.058 103.029 0.073
201709 0.064 103.345 0.081
201712 0.059 103.345 0.074
201803 0.057 105.004 0.071
201806 0.066 105.557 0.082
201809 0.065 105.636 0.080
201812 0.063 105.399 0.078
201903 0.063 106.979 0.077
201906 0.067 107.690 0.081
201909 0.066 107.611 0.080
201912 0.066 107.769 0.080
202003 0.075 107.927 0.091
202006 0.079 108.401 0.095
202009 0.084 108.164 0.101
202012 0.086 108.559 0.103
202103 0.087 110.298 0.103
202106 0.088 111.720 0.103
202109 0.084 112.905 0.097
202112 0.082 113.774 0.094
202203 0.081 117.646 0.090
202206 0.078 120.806 0.084
202209 0.073 120.648 0.079
202212 0.070 120.964 0.075
202303 0.068 122.702 0.072
202306 0.068 124.203 0.071
202309 0.052 125.230 0.054
202312 0.051 125.072 0.053
202403 0.050 126.258 0.052
202406 0.048 127.522 0.049
202409 0.048 127.285 0.049
202412 0.046 127.364 0.047
202503 0.045 129.181 0.045
202506 0.047 129.892 0.047
202509 0.044 130.287 0.044
202512 0.045 130.366 0.045

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 0.39 mean?
Zephyr Minerals (ZPHYF) has a Cyclically Adjusted PB Ratio of 0.39 as of Aug. 03, 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 Zephyr Minerals and its competitors. According to the industry distribution chart, Zephyr Minerals ranks #399 out of 1535 companies in the Metals & Mining industry, placing it in the top 26%.
Is Zephyr Minerals' Cyclically Adjusted PB Ratio too high?
Zephyr Minerals' current Cyclically Adjusted PB Ratio is 0.39. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Zephyr Minerals' value of 0.39 is 72.1% below this industry median. Based on the distribution chart, Zephyr Minerals ranks #399 out of 1535 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Zephyr Minerals' Cyclically Adjusted PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zephyr Minerals ranks #399 out of 1535 companies for Cyclically Adjusted PB Ratio. This puts Zephyr Minerals in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Zephyr Minerals' value of 0.39 is 72.1% 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 a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.40, based on 1,535 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. Zephyr Minerals's current Cyclically Adjusted PB Ratio of 0.39 is 72.1% 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 Zephyr Minerals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zephyr Minerals's current Cyclically Adjusted PB Ratio is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zephyr Minerals stock overvalued right now?
Zephyr Minerals (ZPHYF) has a current Cyclically Adjusted PB Ratio of 0.39. The current Cyclically Adjusted PB Ratio is 0.39 and 72.1% below the Metals & Mining industry median of 1.40. 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 Zephyr Minerals (ZPHYF), the current Cyclically Adjusted PB Ratio is 0.39 as of Aug. 03, 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.

Zephyr Minerals Business Description

Other Exchanges ZFR:Canada
Address 653 - 1475 Lower Water Street, Halifax, NS, CAN, B3J 3Z2
Zephyr Minerals Ltd is an exploration stage mining company. The company operates in one segment, the exploration and evaluation of mineral properties. Geographically, it operates in USA and Zimbabwe. Its property in USA includes Dawson, and in Zimbabwe includes Nyanga North, MC Gold, MAP Gold, and MC-2 Gold.