Southern Copper (BUE:SCCO) Cyclically Adjusted Book per Share: ARS7,916.43 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:SCCO Southern Copper Corp BUE:SCCO
87 GF Score
Price ARS137,625.00
GF Value ARS97,910.72
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Southern Copper Cyclically Adjusted Book per Share?

Southern Copper BUE:SCCO -2.64% 87 Cyclically Adjusted Book per Share is ARS7,916.43 as of Mar. 2026. GuruFocus rates BUE:SCCO with a GF Score™ of 87/100 and a GF Value™ of ARS97,910.72 (Significantly Overvalued). The stock has 1 warning sign investors should review.

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.

Southern Copper's adjusted book value per share for the three months ended in Mar. 2026 was ARS39,509.436. 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 ARS7,916.43 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Southern Copper's average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.70% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Southern Copper was 9.50% per year. The lowest was 5.10% per year. And the median was 6.90% per year.

As of today (2026-07-17), Southern Copper's current stock price is ARS137625.00. Southern Copper's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ARS7,916.43. Southern Copper's Cyclically Adjusted PB Ratio of today is 17.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Southern Copper was 20.74. The lowest was 3.47. And the median was 7.21.


Southern Copper  (BUE:SCCO) 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.

Southern Copper's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=137625.00/7916.43
=17.38

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Southern Copper was 20.74. The lowest was 3.47. And the median was 7.21.


Be Aware

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


Southern Copper Cyclically Adjusted Book per Share Related Terms


Southern Copper Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Southern Copper'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.

Southern Copper Cyclically Adjusted Book per Share Chart

Southern Copper Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 818.03 1,501.34 4,459.73 5,861.46 8,070.83

Southern Copper Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6,592.29 6,140.99 7,953.02 8,070.83 7,916.43

BUE:SCCO vs FCX, IE, COPRD: Cyclically Adjusted Book per Share Comparison

For the Copper subindustry, Southern Copper'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.


Southern Copper Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Southern Copper's Cyclically Adjusted PB Ratio falls into.


BUE:SCCO
87GF Score
Southern Copper Corp BUE:SCCO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Southern Copper 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, Southern Copper's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=39509.436/330.2130*330.2130
=39,509.436

Current CPI (Mar. 2026) = 330.2130.

Southern Copper Quarterly Data

Book Value per Share CPI Adj_Book
201606 186.017 241.018 254.857
201609 203.719 241.428 278.637
201612 221.667 241.432 303.180
201703 224.907 243.801 304.622
201706 248.738 244.955 335.313
201709 276.841 246.819 370.379
201712 279.610 246.524 374.531
201803 306.595 249.554 405.690
201806 390.194 251.989 511.320
201809 581.049 252.439 760.065
201812 593.660 251.233 780.289
201903 622.884 254.202 809.138
201906 721.972 256.143 930.748
201909 914.574 256.759 1,176.217
201912 975.919 256.974 1,254.061
202003 999.398 258.115 1,278.555
202006 1,119.579 257.797 1,434.072
202009 1,249.267 260.280 1,584.925
202012 1,409.526 260.474 1,786.911
202103 1,625.063 264.877 2,025.910
202106 1,798.047 271.696 2,185.305
202109 1,897.780 274.310 2,284.538
202112 1,972.948 278.802 2,336.759
202203 2,100.579 287.504 2,412.622
202206 2,200.175 296.311 2,451.905
202209 2,520.507 296.808 2,804.184
202212 3,249.044 296.797 3,614.850
202303 3,847.722 301.836 4,209.464
202306 4,544.941 305.109 4,918.893
202309 6,497.197 307.789 6,970.551
202312 6,419.626 306.746 6,910.747
202403 15,231.649 312.332 16,103.661
202406 18,230.758 314.175 19,161.401
202409 20,326.859 315.301 21,288.207
202412 22,205.827 315.605 23,233.639
202503 24,451.554 319.799 25,247.799
202506 28,416.710 322.561 29,090.830
202509 34,018.429 324.800 34,585.368
202512 38,406.284 324.054 39,136.237
202603 39,509.436 330.213 39,509.436

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

What does a Cyclically Adjusted Book per Share of ARS7,916.43 mean?
Southern Copper (BUE:SCCO) has a Cyclically Adjusted Book per Share of ARS7,916.43 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Southern Copper and its competitors.
Is Southern Copper's Cyclically Adjusted Book per Share too high?
Southern Copper's current Cyclically Adjusted Book per Share is ARS7,916.43. Overall, Southern Copper has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southern Copper's Cyclically Adjusted Book per Share compare to FCX and IE?
Southern Copper's Cyclically Adjusted Book per Share of ARS7,916.43 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Metals & Mining company?
A good Cyclically Adjusted Book per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Southern Copper and its competitors. Southern Copper's current Cyclically Adjusted Book per Share is ARS7,916.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Copper stock overvalued right now?
Based on GuruFocus' analysis, Southern Copper (BUE:SCCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS97,910.72, compared to a current price of ARS137,625.00 — trading 40.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is ARS7,916.43. Southern Copper's overall GF Score™ is 87/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Southern Copper (BUE:SCCO), the current Cyclically Adjusted Book per Share is ARS7,916.43 as of Mar. 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 Southern Copper (BUE:SCCO) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Copper stock appears to be overvalued. The current stock price of ARS137,625.00 is trading 40.6% above its estimated GF Value™ of ARS97,910.72. GuruFocus considers Southern Copper to be Significantly Overvalued.

Key valuation signals for BUE:SCCO:

  • Cyclically Adjusted Book per Share: ARS7,916.43
  • GF Value™: ARS97,910.72 vs. price of ARS137,625.00 (40.6% above fair value)
  • GF Score™: 87/100 with 1 warning sign

No single metric tells the full story. See the BUE:SCCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southern Copper Business Description

Address 7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020
Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. It generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. The company's geographical segments are The Americas, Europe, and Asia.
87GF Score

Get the complete analysis for BUE:SCCO

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS137,625.00
Price
ARS97,910.72
GF Value