Hecla Mining Co (MEX:HL) Cyclically Adjusted Book per Share: MXN71.47 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:HL Hecla Mining Co MEX:HL
44 GF Score
Price MXN262.00
GF Value MXN170.81
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Hecla Mining Co Cyclically Adjusted Book per Share?

Hecla Mining Co MEX:HL 44 Cyclically Adjusted Book per Share is MXN71.47 as of Jun. 2026. GuruFocus rates MEX:HL with a GF Score™ of 44/100 and a GF Value™ of MXN170.81 (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.

Hecla Mining Co's adjusted book value per share for the three months ended in Jun. 2026 was MXN69.558. 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 MXN71.47 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Hecla Mining Co's average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.80% 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 Hecla Mining Co was 13.00% per year. The lowest was -15.50% per year. And the median was 0.70% per year.

As of today (2026-08-07), Hecla Mining Co's current stock price is MXN262.00. Hecla Mining Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN71.47. Hecla Mining Co's Cyclically Adjusted PB Ratio of today is 3.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hecla Mining Co was 7.83. The lowest was 0.32. And the median was 1.27.


Hecla Mining Co  (MEX:HL) 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.

Hecla Mining Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=262.00/71.47
=3.67

* 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 Hecla Mining Co was 7.83. The lowest was 0.32. And the median was 1.27.


Be Aware

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


Hecla Mining Co Cyclically Adjusted Book per Share Related Terms


Hecla Mining Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Hecla Mining Co'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.

Hecla Mining Co Cyclically Adjusted Book per Share Chart

Hecla Mining Co 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 0.00 0.00 0.00 0.00 73.84

Hecla Mining Co 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 78.71 73.35 73.84 69.49 71.47

MEX:HL vs SIND, MUX, GORO: Cyclically Adjusted Book per Share Comparison

For the Other Precious Metals & Mining subindustry, Hecla Mining Co'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.


Hecla Mining Co Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Hecla Mining Co's Cyclically Adjusted PB Ratio falls into.


MEX:HL
44GF Score
Hecla Mining Co MEX:HL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hecla Mining Co 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, Hecla Mining Co'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)
=69.558/333.9520*333.9520
=69.558

Current CPI (Jun. 2026) = 333.9520.

Hecla Mining Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 72.262 241.428 99.955
201612 77.182 241.432 106.759
201703 72.032 243.801 98.667
201706 68.142 244.955 92.899
201709 68.809 246.819 93.100
201712 71.893 246.524 97.389
201803 67.826 249.554 90.764
201806 73.505 251.989 97.414
201809 67.857 252.439 89.768
201812 68.796 251.233 91.447
201903 67.093 254.202 88.142
201906 64.408 256.143 83.973
201909 65.099 256.759 84.671
201912 61.042 256.974 79.327
202003 74.247 258.115 96.062
202006 72.532 257.797 93.958
202009 70.481 260.280 90.431
202012 64.119 260.474 82.207
202103 65.861 264.877 83.036
202106 63.803 271.696 78.423
202109 66.617 274.310 81.101
202112 67.120 278.802 80.397
202203 63.863 287.504 74.180
202206 66.432 296.311 74.871
202209 66.020 296.808 74.282
202212 64.357 296.797 72.414
202303 59.622 301.836 65.966
202306 56.456 305.109 61.793
202309 56.546 307.789 61.353
202312 54.221 306.746 59.030
202403 52.656 312.332 56.301
202406 58.648 314.175 62.340
202409 63.880 315.301 67.659
202412 67.330 315.605 71.244
202503 67.087 319.799 70.056
202506 65.596 322.561 67.912
202509 67.045 324.800 68.934
202512 69.616 324.054 71.742
202603 69.128 330.213 69.911
202606 69.558 333.952 69.558

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 MXN71.47 mean?
Hecla Mining Co (MEX:HL) has a Cyclically Adjusted Book per Share of MXN71.47 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 Hecla Mining Co and its competitors.
Is Hecla Mining Co's Cyclically Adjusted Book per Share too high?
Hecla Mining Co's current Cyclically Adjusted Book per Share is MXN71.47. Overall, Hecla Mining Co has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hecla Mining Co's Cyclically Adjusted Book per Share compare to SIND and MUX?
Hecla Mining Co's Cyclically Adjusted Book per Share of MXN71.47 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 Hecla Mining Co and its competitors. Hecla Mining Co's current Cyclically Adjusted Book per Share is MXN71.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hecla Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Hecla Mining Co (MEX:HL) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN170.81, compared to a current price of MXN262.00 — trading 53.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN71.47. Hecla Mining Co's overall GF Score™ is 44/100 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 Hecla Mining Co (MEX:HL), the current Cyclically Adjusted Book per Share is MXN71.47 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 Hecla Mining Co (MEX:HL) Overvalued in 2026?

Based on GuruFocus' analysis, Hecla Mining Co stock appears to be overvalued. The current stock price of MXN262.00 is trading 53.4% above its estimated GF Value™ of MXN170.81. GuruFocus considers Hecla Mining Co to be Significantly Overvalued.

Key valuation signals for MEX:HL:

  • Cyclically Adjusted Book per Share: MXN71.47
  • GF Value™: MXN170.81 vs. price of MXN262.00 (53.4% above fair value)
  • GF Score™: 44/100 with 1 warning sign

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


Hecla Mining Co Business Description

Address 6500 North Mineral Drive, Suite 200, Coeur d\'Alene, ID, USA, 83815-9408
Hecla Mining Co produces and explores silver, gold, zinc, and other metals. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, and Casa Berardi. It generates maximum revenue from the Greens Creek segment. Geographically, It operates in Canada, the United States, and Mexico, and it derives a majority of its revenue from the United States.
44GF Score

Get the complete analysis for MEX:HL

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

MXN262.00
Price
MXN170.81
GF Value