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Grid Battery Metals (TSXV:CELL) Cyclically Adjusted PB Ratio : 0.26 (As of Jun. 03, 2024)


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What is Grid Battery Metals Cyclically Adjusted PB Ratio?

As of today (2024-06-03), Grid Battery Metals's current share price is C$0.045. Grid Battery Metals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$0.17. Grid Battery Metals's Cyclically Adjusted PB Ratio for today is 0.26.

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

TSXV:CELL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.63
Current: 0.26

During the past years, Grid Battery Metals's highest Cyclically Adjusted PB Ratio was 0.63. The lowest was 0.00. And the median was 0.00.

TSXV:CELL's Cyclically Adjusted PB Ratio is ranked better than
77% of 1622 companies
in the Metals & Mining industry
Industry Median: 0.88 vs TSXV:CELL: 0.26

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.

Grid Battery Metals's adjusted book value per share data for the three months ended in Mar. 2024 was C$0.044. 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$0.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grid Battery Metals Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Grid Battery Metals'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.

Grid Battery Metals Cyclically Adjusted PB Ratio Chart

Grid Battery Metals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.25 0.54

Grid Battery Metals 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 0.25 0.54 0.60 0.45 0.26

Competitive Comparison of Grid Battery Metals's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, Grid Battery Metals'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.


Grid Battery Metals's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Grid Battery Metals's Cyclically Adjusted PB Ratio falls into.



Grid Battery Metals 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.

Grid Battery Metals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.045/0.17
=0.26

* 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.

Grid Battery Metals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Grid Battery Metals'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)
=0.044/126.2576*126.2576
=0.044

Current CPI (Mar. 2024) = 126.2576.

Grid Battery Metals Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.450 99.473 0.571
201409 0.398 99.394 0.506
201412 0.345 98.367 0.443
201503 0.282 99.789 0.357
201506 -0.038 100.500 -0.048
201509 -0.053 100.421 -0.067
201512 0.045 99.947 0.057
201603 0.238 101.054 0.297
201606 0.302 102.002 0.374
201609 0.258 101.765 0.320
201612 0.217 101.449 0.270
201703 0.185 102.634 0.228
201706 0.219 103.029 0.268
201709 0.184 103.345 0.225
201712 0.328 103.345 0.401
201803 0.420 105.004 0.505
201806 0.309 105.557 0.370
201809 0.237 105.636 0.283
201812 0.207 105.399 0.248
201903 0.124 106.979 0.146
201906 0.109 107.690 0.128
201909 0.092 107.611 0.108
201912 0.076 107.769 0.089
202003 0.061 107.927 0.071
202006 0.037 108.401 0.043
202009 0.037 108.164 0.043
202012 0.041 108.559 0.048
202103 0.072 110.298 0.082
202106 0.064 111.720 0.072
202109 0.062 112.905 0.069
202112 0.047 113.774 0.052
202203 0.032 117.646 0.034
202206 0.023 120.806 0.024
202209 0.024 120.648 0.025
202212 0.024 120.964 0.025
202303 0.027 122.702 0.028
202306 0.046 124.203 0.047
202309 0.057 125.230 0.057
202312 0.048 125.072 0.048
202403 0.044 126.258 0.044

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.


Grid Battery Metals  (TSXV:CELL) 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.


Grid Battery Metals Cyclically Adjusted PB Ratio Related Terms

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


Grid Battery Metals (TSXV:CELL) Business Description

Traded in Other Exchanges
Address
3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6
Grid Battery Metals Inc is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group, Texas Spring, Volt canyon and Clayton Valley Lithium.