Agnico Eagle Mines (MEX:AEMN) Cyclically Adjusted Book per Share: MXN577.82 (As of Jun. 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.

MEX:AEMN Agnico Eagle Mines Ltd MEX:AEMN
89 GF Score
Price MXN3,045.70
GF Value MXN2,951.33
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Agnico Eagle Mines Cyclically Adjusted Book per Share?

Agnico Eagle Mines MEX:AEMN +9.36% 89 Cyclically Adjusted Book per Share is MXN577.82 as of Jun. 2026. GuruFocus rates MEX:AEMN with a GF Score™ of 89/100 and a GF Value™ of MXN2,951.33 (Fairly Valued). 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.

Agnico Eagle Mines's adjusted book value per share for the three months ended in Jun. 2026 was MXN985.665. 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 MXN577.82 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Agnico Eagle Mines's average Cyclically Adjusted Book Growth Rate was 12.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.80% 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 Agnico Eagle Mines was 17.50% per year. The lowest was -1.20% per year. And the median was 8.60% per year.

As of today (2026-08-09), Agnico Eagle Mines's current stock price is MXN3045.70. Agnico Eagle Mines's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN577.82. Agnico Eagle Mines's Cyclically Adjusted PB Ratio of today is 5.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Agnico Eagle Mines was 7.92. The lowest was 1.71. And the median was 2.69.


Agnico Eagle Mines  (MEX:AEMN) 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.

Agnico Eagle Mines's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3045.70/577.82
=5.27

* 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 Agnico Eagle Mines was 7.92. The lowest was 1.71. And the median was 2.69.


Be Aware

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


Agnico Eagle Mines Cyclically Adjusted Book per Share Related Terms


Agnico Eagle Mines Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines Cyclically Adjusted Book per Share Chart

Agnico Eagle Mines 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 477.72 462.73 447.09 591.96 567.12

Agnico Eagle Mines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 582.93 553.70 567.12 567.42 577.82

MEX:AEMN vs NEM, AU, RGLD: Cyclically Adjusted Book per Share Comparison

For the Gold subindustry, Agnico Eagle Mines'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.


Agnico Eagle Mines Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Agnico Eagle Mines's Cyclically Adjusted PB Ratio falls into.


MEX:AEMN
89GF Score
Agnico Eagle Mines Ltd MEX:AEMN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agnico Eagle Mines 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, Agnico Eagle Mines's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=985.665/133.5265*133.5265
=985.665

Current CPI (Jun. 2026) = 133.5265.

Agnico Eagle Mines Quarterly Data

Book Value per Share CPI Adj_Book
201609 383.753 101.765 503.527
201612 411.714 101.449 541.898
201703 390.831 102.634 508.471
201706 379.180 103.029 491.422
201709 385.371 103.345 497.919
201712 417.520 103.345 539.457
201803 386.088 105.004 490.962
201806 415.476 105.557 525.565
201809 395.840 105.636 500.351
201812 381.045 105.399 482.733
201903 377.332 106.979 470.968
201906 376.606 107.690 466.958
201909 395.001 107.611 490.126
201912 402.318 107.769 498.473
202003 491.786 107.927 608.432
202006 500.306 108.401 616.266
202009 499.886 108.164 617.099
202012 465.450 108.559 572.497
202103 478.503 110.298 579.277
202106 479.018 111.720 572.518
202109 496.089 112.905 586.698
202112 502.360 113.774 589.576
202203 711.785 117.646 807.869
202206 718.204 120.806 793.829
202209 712.818 120.648 788.908
202212 693.681 120.964 765.723
202303 722.613 122.702 786.360
202306 691.252 124.203 743.140
202309 699.941 125.230 746.310
202312 662.960 125.072 707.772
202403 654.344 126.258 692.016
202406 732.840 127.522 767.348
202409 805.056 127.285 844.534
202412 865.973 127.364 907.875
202503 880.726 129.181 910.353
202506 844.956 129.892 868.599
202509 858.935 130.287 880.291
202512 890.927 130.366 912.525
202603 947.555 132.262 956.612
202606 985.665 133.527 985.665

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 MXN577.82 mean?
Agnico Eagle Mines (MEX:AEMN) has a Cyclically Adjusted Book per Share of MXN577.82 as of Jun. 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 Agnico Eagle Mines and its competitors.
Is Agnico Eagle Mines' Cyclically Adjusted Book per Share too high?
Agnico Eagle Mines' current Cyclically Adjusted Book per Share is MXN577.82. Overall, Agnico Eagle Mines has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Cyclically Adjusted Book per Share compare to NEM and AU?
Agnico Eagle Mines' Cyclically Adjusted Book per Share of MXN577.82 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 Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current Cyclically Adjusted Book per Share is MXN577.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (MEX:AEMN) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,951.33, compared to a current price of MXN3,045.70 — trading 3.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN577.82. Agnico Eagle Mines' overall GF Score™ is 89/100 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 Agnico Eagle Mines (MEX:AEMN), the current Cyclically Adjusted Book per Share is MXN577.82 as of Jun. 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 Agnico Eagle Mines (MEX:AEMN) Overvalued in 2026?

Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued. The current stock price of MXN3,045.70 is trading 3.2% above its estimated GF Value™ of MXN2,951.33. GuruFocus considers Agnico Eagle Mines to be Fairly Valued.

Key valuation signals for MEX:AEMN:

  • Cyclically Adjusted Book per Share: MXN577.82
  • GF Value™: MXN2,951.33 vs. price of MXN3,045.70 (3.2% above fair value)
  • GF Score™: 89/100 with 1 warning sign

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


Agnico Eagle Mines Business Description

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
89GF Score

Get the complete analysis for MEX:AEMN

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

MXN3,045.70
Price
MXN2,951.33
GF Value