Lynas Rare EarthsASX:LYC +4.03%78 Cyclically Adjusted PB Ratio is 13.62 as of Jun. 24, 2026, which is 245% above its 10-year median of 3.95. GuruFocus rates ASX:LYC with a GF Score™ of 78/100 and a GF Value™ of A$13.70 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,552 Metals & Mining companies, Lynas Rare Earths ranks worse than 93.11% on this metric.
The historical rank and industry rank for Lynas Rare Earths's Cyclically Adjusted PB Ratio or its related term are showing as below:
ASX:LYC'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24 Med: 3.95 Max: 15.33
Current: 12.84
During the past 13 years, Lynas Rare Earths's highest Cyclically Adjusted PB Ratio was 15.33. The lowest was 0.24. And the median was 3.95.
ASX:LYC's Cyclically Adjusted PB Ratio is ranked worse than 93.11% of 1552
companies
in the Metals & Mining industry
Industry Median: 1.555
vs ASX:LYC: 12.84
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.
Lynas Rare Earths's adjusted book value per share data of for the fiscal year that ended in Jun25 was A$2.515. 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 A$1.42 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Lynas Rare Earths (ASX:LYC) 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.
Lynas Rare Earths Cyclically Adjusted PB Ratio Related Terms
Lynas Rare Earths Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Lynas Rare Earths'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.
Lynas Rare Earths Cyclically Adjusted PB Ratio Chart
Lynas Rare Earths Cyclically Adjusted PB Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Lynas Rare Earths'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.
Lynas Rare Earths Cyclically Adjusted PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lynas Rare Earths's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Lynas Rare Earths's Cyclically Adjusted PB Ratio falls into.
Lynas Rare Earths 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.
Lynas Rare Earths's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 13.62 mean?
Lynas Rare Earths (ASX:LYC) has a Cyclically Adjusted PB Ratio of 13.62 as of Jun. 24, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Lynas Rare Earths and its competitors. This is 245% above median its historical median of 3.95. Over the past decade, Lynas Rare Earths' Cyclically Adjusted PB Ratio has ranged from 0.24 to 15.33. According to the industry distribution chart, Lynas Rare Earths ranks #1445 out of 1552 companies in the Metals & Mining industry, placing it in the top 93.1%.
Is Lynas Rare Earths' Cyclically Adjusted PB Ratio too high?
Lynas Rare Earths' current Cyclically Adjusted PB Ratio of 13.62 is 245% above median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 15.33. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.56. Lynas Rare Earths' value of 13.62 is 775.9% above this industry median. Based on the distribution chart, Lynas Rare Earths ranks #1445 out of 1552 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Lynas Rare Earths has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lynas Rare Earths' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Lynas Rare Earths ranks #1445 out of 1552 companies for Cyclically Adjusted PB Ratio. This places Lynas Rare Earths in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Lynas Rare Earths' value of 13.62 is 775.9% above this benchmark. Historically, Lynas Rare Earths' own Cyclically Adjusted PB Ratio has ranged from 0.24 to 15.33 over the past decade. While the company's 10-year median is 3.95 vs. the industry median of 1.56, Lynas Rare Earths has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.56, based on 1,552 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lynas Rare Earths's current Cyclically Adjusted PB Ratio of 13.62 is 775.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Lynas Rare Earths and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lynas Rare Earths's current Cyclically Adjusted PB Ratio is 13.62, which is 245% above median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lynas Rare Earths stock overvalued right now?
Based on GuruFocus' analysis, Lynas Rare Earths (ASX:LYC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$13.70, compared to a current price of A$19.34 — trading 41.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.62, which is 245% above median its 10-year median of 3.95 and 775.9% above the Metals & Mining industry median of 1.56. Lynas Rare Earths' overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Lynas Rare Earths (ASX:LYC), the current Cyclically Adjusted PB Ratio is 13.62 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lynas Rare Earths (ASX:LYC) Overvalued in 2026?
Based on GuruFocus' analysis, Lynas Rare Earths stock appears to be overvalued.
The current stock price of A$19.34 is trading 41.2% above its estimated GF Value™ of A$13.70.
GuruFocus considers Lynas Rare Earths to be Significantly Overvalued.
Key valuation signals for ASX:LYC:
Cyclically Adjusted PB Ratio: 13.62 (245% above median its 10-year median of 3.95)
GF Value™: A$13.70 vs. price of A$19.34 (41.2% above fair value)
Industry Position: 775.9% above the Metals & Mining median (#1445 of 1552)
No single metric tells the full story. See the ASX:LYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lynas is the largest rare-earth producer outside China. It owns the high-grade Mount Weld deposit in Western Australia and rare-earth processing facilities in Kalgoorlie and Malaysia. We estimate that Mount Weld is the world's lowest-cost producer of separated neodymium and praseodymium, light rare-earth materials, which are sold to customers in the form of neodymium-praseodymium oxide with a mine life exceeding 20 years. As of December 2025, Lynas is also the only producer of separated heavy rare-earth dysprosium and terbium outside China. The company is further expanding NdPr capacity while diversifying into producing additional separated rare-earth materials, including samarium. It also intends to move downstream into rare-earth metal and magnet production.
78GF Score
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