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Canadian North Resources (TSXV:CNRI) Cyclically Adjusted PB Ratio

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Canadian North Resources does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian North Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Canadian North Resources'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.

Canadian North Resources Annual Data
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Cyclically Adjusted PB Ratio
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Canadian North Resources Quarterly Data
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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 - - - - -

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Canadian North Resources'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.


Canadian North Resources Cyclically Adjusted PB Ratio Distribution

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

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



Canadian North Resources 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.

Canadian North Resources does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.


Canadian North Resources  (TSXV:CNRI) 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.


Canadian North Resources Cyclically Adjusted PB Ratio Related Terms

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Canadian North Resources (TSXV:CNRI) Business Description

Traded in Other Exchanges
Address
299 Courtneypark Dr. E, 3rd Floor, Mississauga, ON, CAN
Canadian North Resources Inc is a Canadian mining exploration and development company that owns an interest in the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada.

Canadian North Resources (TSXV:CNRI) Headlines

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