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Gold Fields (NYSE:GFI) Cyclically Adjusted PB Ratio

: 3.46 (As of Today)
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As of today (2024-03-01), Gold Fields's current share price is $13.545. Gold Fields's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $3.92. Gold Fields's Cyclically Adjusted PB Ratio for today is 3.46.

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

GFI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.94   Max: 4.34
Current: 3.34

During the past 13 years, Gold Fields's highest Cyclically Adjusted PB Ratio was 4.34. The lowest was 0.45. And the median was 0.94.

GFI's Cyclically Adjusted PB Ratio is ranked worse than
87.17% of 1605 companies
in the Metals & Mining industry
Industry Median: 0.71 vs GFI: 3.34

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.

Gold Fields's adjusted book value per share data of for the fiscal year that ended in Dec23 was $5.009. 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 $3.92 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gold Fields Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gold Fields'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.

* Premium members only.

Gold Fields Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.35 1.99 2.51 2.47 3.68

Gold Fields Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 2.51 - 2.47 - 3.68

Competitive Comparison

For the Gold subindustry, Gold Fields'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.


Gold Fields Cyclically Adjusted PB Ratio Distribution

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

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



Gold Fields 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.545/3.92
=3.46

* 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.

Gold Fields's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Gold Fields's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=5.009/152.7175*152.7175
=5.009

Current CPI (Dec23) = 152.7175.

Gold Fields Annual Data

Book Value per Share CPI Adj_Book
201412 4.636 96.794 7.315
201512 3.413 101.808 5.120
201612 3.718 109.002 5.209
201712 3.987 113.907 5.345
201812 3.148 118.921 4.043
201912 3.351 123.717 4.137
202012 4.148 127.467 4.970
202112 4.481 135.029 5.068
202212 4.720 145.156 4.966
202312 5.009 152.718 5.009

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.


Gold Fields  (NYSE:GFI) 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.


Gold Fields Cyclically Adjusted PB Ratio Related Terms

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


Gold Fields (NYSE:GFI) Business Description

Address
150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.