BLIDF (Boliden AB) Cyclically Adjusted PB Ratio: 2.22 (As of Jul. 08, 2026) — 12% Below Median


BLIDF Boliden AB BLIDF
89 GF Score
Price $53.14
GF Value $46.59
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Boliden AB Cyclically Adjusted PB Ratio?

Boliden AB BLIDF 89 Cyclically Adjusted PB Ratio is 2.22 as of Jul. 08, 2026, which is 12% below its 10-year median of 2.51. GuruFocus rates BLIDF with a GF Score™ of 89/100 and a GF Value™ of $46.59 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,546 Metals & Mining companies, Boliden AB ranks worse than 63.52% on this metric.

As of today (2026-07-08), Boliden AB's current share price is $53.14. Boliden AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $23.94. Boliden AB's Cyclically Adjusted PB Ratio for today is 2.22.

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

BLIDF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.51   Max: 3.85
Current: 2.62

During the past years, Boliden AB's highest Cyclically Adjusted PB Ratio was 3.85. The lowest was 1.46. And the median was 2.51.

BLIDF's Cyclically Adjusted PB Ratio is ranked worse than
63.52% of 1546 companies
in the Metals & Mining industry
Industry Median: 1.505 vs BLIDF: 2.62

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.

Boliden AB's adjusted book value per share data for the three months ended in Mar. 2026 was $30.692. 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 $23.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boliden AB  (OTCPK:BLIDF) 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.


Boliden AB Cyclically Adjusted PB Ratio Related Terms


Boliden AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boliden AB'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.

Boliden AB Cyclically Adjusted PB Ratio Chart

Boliden AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 2.54 1.84 1.69 2.61

Boliden AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.75 1.54 1.97 2.61 2.41

Boliden AB Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Boliden AB'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.


Boliden AB Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


BLIDF
89GF Score
Boliden AB BLIDF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Boliden AB 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.

Boliden AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.14/23.94
=2.22

* 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.

Boliden AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Boliden AB'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)
=30.692/133.5600*133.5600
=30.692

Current CPI (Mar. 2026) = 133.5600.

Boliden AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.524 101.019 15.236
201609 11.816 101.138 15.604
201612 11.669 102.022 15.276
201703 12.718 102.022 16.650
201706 13.111 102.752 17.042
201709 14.840 103.279 19.191
201712 15.267 103.793 19.646
201803 16.738 103.962 21.503
201806 15.029 104.875 19.140
201809 15.242 105.679 19.263
201812 15.790 105.912 19.912
201903 16.198 105.886 20.431
201906 15.140 106.742 18.944
201909 15.283 107.214 19.039
201912 16.059 107.766 19.903
202003 16.079 106.563 20.153
202006 16.464 107.498 20.456
202009 18.176 107.635 22.554
202012 19.946 108.296 24.599
202103 20.642 108.360 25.443
202106 20.165 108.928 24.725
202109 20.403 110.338 24.697
202112 20.460 112.486 24.293
202203 21.097 114.825 24.539
202206 18.876 118.384 21.296
202209 18.459 122.296 20.159
202212 20.543 126.365 21.713
202303 21.204 127.042 22.292
202306 18.738 129.407 19.339
202309 18.474 130.224 18.947
202312 20.107 131.912 20.358
202403 20.529 132.205 20.739
202406 20.799 132.716 20.931
202409 22.002 132.304 22.211
202412 21.635 132.987 21.728
202503 23.828 132.825 23.960
202506 26.025 133.699 25.998
202509 27.316 133.480 27.332
202512 28.994 133.390 29.031
202603 30.692 133.560 30.692

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.

What does a Cyclically Adjusted PB Ratio of 2.22 mean?
Boliden AB (BLIDF) has a Cyclically Adjusted PB Ratio of 2.22 as of Jul. 08, 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 Boliden AB and its competitors. This is 12% below median its historical median of 2.51. Over the past decade, Boliden AB's Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.85. According to the industry distribution chart, Boliden AB ranks #982 out of 1546 companies in the Metals & Mining industry, placing it in the top 63.5%.
Is Boliden AB's Cyclically Adjusted PB Ratio too high?
Boliden AB's current Cyclically Adjusted PB Ratio of 2.22 is 12% below median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 3.85. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. Boliden AB's value of 2.22 is 47.5% above this industry median. Based on the distribution chart, Boliden AB ranks #982 out of 1546 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Boliden AB has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Boliden AB's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Boliden AB ranks #982 out of 1546 companies for Cyclically Adjusted PB Ratio. This places Boliden AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Boliden AB's value of 2.22 is 47.5% above this benchmark. Historically, Boliden AB's own Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.85 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 1.51, Boliden AB 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 1.51, based on 1,546 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. Boliden AB's current Cyclically Adjusted PB Ratio of 2.22 is 47.5% 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 Boliden AB and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boliden AB's current Cyclically Adjusted PB Ratio is 2.22, which is 12% below median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boliden AB stock overvalued right now?
Based on GuruFocus' analysis, Boliden AB (BLIDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $46.59, compared to a current price of $53.14 — trading 14.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.22, which is 12% below median its 10-year median of 2.51 and 47.5% above the Metals & Mining industry median of 1.51. Boliden AB's overall GF Score™ is 89/100 with 7 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 Boliden AB (BLIDF), the current Cyclically Adjusted PB Ratio is 2.22 as of Jul. 08, 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 Boliden AB (BLIDF) Overvalued in 2026?

Based on GuruFocus' analysis, Boliden AB stock appears to be overvalued. The current stock price of $53.14 is trading 14.1% above its estimated GF Value™ of $46.59. GuruFocus considers Boliden AB to be Modestly Overvalued.

Key valuation signals for BLIDF:

  • Cyclically Adjusted PB Ratio: 2.22 (12% below median its 10-year median of 2.51)
  • GF Value™: $46.59 vs. price of $53.14 (14.1% above fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 47.5% above the Metals & Mining median (#982 of 1546)

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


Boliden AB Business Description

Address Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20
Boliden AB operates Mines and smelters in Sweden, Norway, Finland, and Ireland. The company processes zinc, copper, gold, silver and other metals and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: the business area smelters and the business area mines. The business area mines division comprises mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines. The company generates maximum revenue from the Business area Smelters segment.
89GF Score

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

$53.14
Price
$46.59
GF Value