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Osisko Gold Royalties (TSX:OR) Cyclically Adjusted PB Ratio : 2.05 (As of Jun. 07, 2024)


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What is Osisko Gold Royalties Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Osisko Gold Royalties's current share price is C$23.66. Osisko Gold Royalties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$11.56. Osisko Gold Royalties's Cyclically Adjusted PB Ratio for today is 2.05.

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

TSX:OR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 1.66   Max: 1.98
Current: 1.97

During the past years, Osisko Gold Royalties's highest Cyclically Adjusted PB Ratio was 1.98. The lowest was 1.28. And the median was 1.66.

TSX:OR's Cyclically Adjusted PB Ratio is ranked worse than
71.7% of 1636 companies
in the Metals & Mining industry
Industry Median: 0.88 vs TSX:OR: 1.97

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.

Osisko Gold Royalties's adjusted book value per share data for the three months ended in Mar. 2024 was C$9.020. 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 C$11.56 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Osisko Gold Royalties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Osisko Gold Royalties'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.

Osisko Gold Royalties Cyclically Adjusted PB Ratio Chart

Osisko Gold Royalties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.64

Osisko Gold Royalties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.72 1.63 1.27 1.64 1.92

Competitive Comparison of Osisko Gold Royalties's Cyclically Adjusted PB Ratio

For the Gold subindustry, Osisko Gold Royalties'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.


Osisko Gold Royalties's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Osisko Gold Royalties 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.66/11.56
=2.05

* 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.

Osisko Gold Royalties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Osisko Gold Royalties's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.02/126.2576*126.2576
=9.020

Current CPI (Mar. 2024) = 126.2576.

Osisko Gold Royalties Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.919 99.473 4.974
201409 3.992 99.394 5.071
201412 5.092 98.367 6.536
201503 10.137 99.789 12.826
201506 10.042 100.500 12.616
201509 10.140 100.421 12.749
201512 9.895 99.947 12.500
201603 10.591 101.054 13.233
201606 10.898 102.002 13.490
201609 11.247 101.765 13.954
201612 11.385 101.449 14.169
201703 0.000 102.634 0.000
201706 11.397 103.029 13.967
201709 12.292 103.345 15.017
201712 12.005 103.345 14.667
201803 12.024 105.004 14.458
201806 12.058 105.557 14.423
201809 11.944 105.636 14.276
201812 11.397 105.399 13.652
201903 11.134 106.979 13.140
201906 10.740 107.690 12.592
201909 10.460 107.611 12.272
201912 9.484 107.769 11.111
202003 9.527 107.927 11.145
202006 9.687 108.401 11.283
202009 9.817 108.164 11.459
202012 10.339 108.559 12.025
202103 10.123 110.298 11.588
202106 9.987 111.720 11.287
202109 9.933 112.905 11.108
202112 9.818 113.774 10.895
202203 10.309 117.646 11.064
202206 10.171 120.806 10.630
202209 9.399 120.648 9.836
202212 9.441 120.964 9.854
202303 9.523 122.702 9.799
202306 9.447 124.203 9.603
202309 9.386 125.230 9.463
202312 8.905 125.072 8.989
202403 9.020 126.258 9.020

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.


Osisko Gold Royalties  (TSX:OR) 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.


Osisko Gold Royalties Cyclically Adjusted PB Ratio Related Terms

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


Osisko Gold Royalties (TSX:OR) Business Description

Traded in Other Exchanges
Address
1100, Avenue des Canadiens-de-Montreal, Suite 300, P.O. Box 211, Montreal, QC, CAN, H3B 2S2
Osisko Gold Royalties Ltd is engaged in the business of acquiring and managing precious metal and other high-quality royalties, streams and similar interests. The Company owns a portfolio of royalties, streams, offtakes, options on royalty/stream financings and exclusive rights to participate in future royalty/stream financings on various projects. The company organizes and manages the business under two operating segments: (i) acquiring and managing precious metals and other royalties, streams and other interests, and (ii) the exploration, evaluation and development of mining projects.
Executives
Guy Desharnais Senior Officer