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Nevada Canyon Gold (Nevada Canyon Gold) Cyclically Adjusted Book per Share : $0.09 (As of Mar. 2024)


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What is Nevada Canyon Gold Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Nevada Canyon Gold's adjusted book value per share for the three months ended in Mar. 2024 was $0.375. 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 Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-06-09), Nevada Canyon Gold's current stock price is $2.865. Nevada Canyon Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.09. Nevada Canyon Gold's Cyclically Adjusted PB Ratio of today is 31.83.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Nevada Canyon Gold was 57.85. The lowest was 0.00. And the median was 0.00.


Nevada Canyon Gold Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nevada Canyon Gold's Cyclically Adjusted Book per Share 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.

Nevada Canyon Gold Cyclically Adjusted Book per Share Chart

Nevada Canyon Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.08

Nevada Canyon Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 - - - 0.08 0.09

Competitive Comparison of Nevada Canyon Gold's Cyclically Adjusted Book per Share

For the Gold subindustry, Nevada Canyon Gold'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.


Nevada Canyon Gold's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Nevada Canyon Gold Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Nevada Canyon Gold'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)
=0.375/131.7762*131.7762
=0.375

Current CPI (Mar. 2024) = 131.7762.

Nevada Canyon Gold Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 -0.002 100.428 -0.003
201412 0.001 99.070 0.001
201503 0.000 99.621 0.000
201506 -0.001 100.684 -0.001
201509 -0.001 100.392 -0.001
201512 -0.003 99.792 -0.004
201603 -0.004 100.470 -0.005
201606 0.052 101.688 0.067
201609 0.019 101.861 0.025
201612 0.006 101.863 0.008
201703 -0.001 102.862 -0.001
201706 -0.002 103.349 -0.003
201709 0.516 104.136 0.653
201712 0.140 104.011 0.177
201803 0.061 105.290 0.076
201806 0.053 106.317 0.066
201809 0.014 106.507 0.017
201812 -0.044 105.998 -0.055
201903 0.189 107.251 0.232
201906 0.312 108.070 0.380
201909 0.042 108.329 0.051
201912 -0.004 108.420 -0.005
202003 -0.048 108.902 -0.058
202006 0.009 108.767 0.011
202009 0.079 109.815 0.095
202012 0.060 109.897 0.072
202103 0.081 111.754 0.096
202106 0.006 114.631 0.007
202109 0.013 115.734 0.015
202112 0.028 117.630 0.031
202203 0.083 121.301 0.090
202206 0.029 125.017 0.031
202209 -0.026 125.227 -0.027
202212 0.051 125.222 0.054
202303 0.039 127.348 0.040
202306 0.027 128.729 0.028
202309 0.568 129.860 0.576
202312 0.389 129.419 0.396
202403 0.375 131.776 0.375

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Nevada Canyon Gold  (OTCPK:NGLD) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Nevada Canyon Gold's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.865/0.09
=31.83

* 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.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Nevada Canyon Gold was 57.85. The lowest was 0.00. And the median was 0.00.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Nevada Canyon Gold Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Nevada Canyon Gold's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Nevada Canyon Gold (Nevada Canyon Gold) Business Description

Traded in Other Exchanges
N/A
Address
316 California Avenue, Suite 543, Reno, NV, USA, 89509
Nevada Canyon Gold Corp is a junior precious metals exploration company. The company holds an interest in the Nevada and the Lazy Claims Property located within the Walker Lane shear zone, Loman Property located in Mineral County, Nevada, Agai-Pah Property located in the northwestern portion of the Gillis Range, within the Buckley Mining District, Belshazzar Property, Swales Property, Olinghouse Project and Palmetto Project.
Executives
Jeffrey Cocks director, 10 percent owner, officer: President/CEO/CFO 118 8TH AVE. NW, CALGARY A0 T2M 0A4
Alan Day director 5655 RIGGINS COURT,, STE 15, RENO NV 89502
Ryan Mcmillan officer: VP of Operations 32565-B GOLDEN LANTERN ST. #500, DANA POINT CA 92629
Robert Frank List director 1120 NORTH TOWN CENTER DRIVE,, STE. 200, LAS VEGAS NV 89144
Bcim Management, Lp 10 percent owner 207 E. OHIO ST., SUITE 400, CHICAGO IL 60611
Michael S Levine director, 10 percent owner 201 SANTA MONICA BLVD, STE 200, SANTA MONICA CA 90401

Nevada Canyon Gold (Nevada Canyon Gold) Headlines