Sociedad Quimica Y Minera De Chile (BSP:S2CH34) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.
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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.

BSP:S2CH34 Sociedad Quimica Y Minera De Chile SA BSP:S2CH34
63 GF Score
Price R$61.37
GF Value R$41.89
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Sociedad Quimica Y Minera De Chile Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sociedad Quimica Y Minera De Chile  (BSP:S2CH34) 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.


Sociedad Quimica Y Minera De Chile Cyclically Adjusted PB Ratio Related Terms


Sociedad Quimica Y Minera De Chile Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sociedad Quimica Y Minera De Chile'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.

Sociedad Quimica Y Minera De Chile Cyclically Adjusted PB Ratio Chart

Sociedad Quimica Y Minera De Chile 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 6.62 8.49 5.68 3.46 5.40

Sociedad Quimica Y Minera De Chile 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 3.44 2.96 3.58 5.40 6.14

BSP:S2CH34 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Sociedad Quimica Y Minera De Chile'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.


Sociedad Quimica Y Minera De Chile Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sociedad Quimica Y Minera De Chile's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sociedad Quimica Y Minera De Chile's Cyclically Adjusted PB Ratio falls into.


BSP:S2CH34
63GF Score
Sociedad Quimica Y Minera De Chile SA BSP:S2CH34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sociedad Quimica Y Minera De Chile 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.

Sociedad Quimica Y Minera De Chile's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sociedad Quimica Y Minera De Chile'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)
=107.145/160.1900*160.1900
=107.145

Current CPI (Mar. 2026) = 160.1900.

Sociedad Quimica Y Minera De Chile Quarterly Data

Book Value per Share CPI Adj_Book
201606 29.201 103.965 44.993
201609 28.074 104.521 43.027
201612 28.422 104.532 43.555
201703 25.900 105.752 39.233
201706 27.217 105.730 41.236
201709 25.910 106.035 39.143
201712 27.198 106.907 40.754
201803 27.134 107.670 40.370
201806 29.714 108.421 43.902
201809 32.336 109.369 47.362
201812 30.555 109.653 44.637
201903 30.258 110.339 43.929
201906 30.391 111.352 43.720
201909 32.528 111.821 46.598
201912 32.307 112.943 45.822
202003 38.084 114.468 53.296
202006 40.624 114.283 56.942
202009 41.717 115.275 57.972
202012 41.209 116.299 56.761
202103 45.990 117.770 62.555
202106 56.368 118.630 76.115
202109 60.721 121.431 80.103
202112 62.986 124.634 80.955
202203 55.788 128.850 69.357
202206 62.467 133.448 74.985
202209 84.604 138.101 98.136
202212 89.921 140.574 102.469
202303 99.006 143.145 110.795
202306 83.505 143.538 93.193
202309 90.699 145.172 100.082
202312 94.873 146.109 104.016
202403 81.093 148.551 87.447
202406 93.092 149.592 99.687
202409 98.574 151.212 104.427
202412 110.231 152.774 115.582
202503 105.904 155.783 108.900
202506 103.949 155.754 106.910
202509 103.107 157.870 104.622
202512 108.703 158.040 110.182
202603 107.145 160.190 107.145

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.

Is Sociedad Quimica Y Minera De Chile (BSP:S2CH34) Overvalued in 2026?

Based on GuruFocus' analysis, Sociedad Quimica Y Minera De Chile stock appears to be overvalued. The current stock price of R$61.37 is trading 46.5% above its estimated GF Value™ of R$41.89. GuruFocus considers Sociedad Quimica Y Minera De Chile to be Significantly Overvalued.

Key valuation signals for BSP:S2CH34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$41.89 vs. price of R$61.37 (46.5% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the BSP:S2CH34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sociedad Quimica Y Minera De Chile Business Description

Address El Trovador 4285, 6th Floor, Las Condes, Santiago, CHL
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM also sells lithium concentrate from a joint venture hard rock lithium project in Australia and expanding its lithium refining assets in China.
63GF Score

Get the complete analysis for BSP:S2CH34

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

R$61.37
Price
R$41.89
GF Value