Boliden AB (CHIX:BOLS) Cyclically Adjusted PB Ratio: (As of Jul. 22, 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.

CHIX:BOLS Boliden AB CHIX:BOLS
92 GF Score
Price kr472.40
GF Value kr394.25
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Boliden AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boliden AB  (CHIX:BOLs) 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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.54 1.97 2.61 2.41 0.00

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.


CHIX:BOLS
92GF Score
Boliden AB CHIX:BOLS
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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Boliden AB'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)
=283.345/134.1100*134.1100
=283.345

Current CPI (Jun. 2026) = 134.1100.

Boliden AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 100.808 101.138 133.673
201612 107.440 102.022 141.233
201703 113.381 102.022 149.042
201706 113.780 102.752 148.503
201709 118.865 103.279 154.349
201712 128.126 103.793 165.551
201803 137.932 103.962 177.931
201806 132.269 104.875 169.141
201809 136.254 105.679 172.911
201812 142.590 105.912 180.554
201903 150.528 105.886 190.651
201906 142.444 106.742 178.967
201909 148.378 107.214 185.601
201912 151.471 107.766 188.499
202003 158.279 106.563 199.195
202006 153.285 107.498 191.232
202009 160.955 107.635 200.545
202012 166.812 108.296 206.575
202103 176.348 108.360 218.255
202106 169.317 108.928 208.461
202109 176.366 110.338 214.363
202112 185.974 112.486 221.725
202203 201.794 114.825 235.685
202206 189.418 118.384 214.581
202209 201.389 122.296 220.843
202212 213.194 126.365 226.260
202303 222.145 127.042 234.505
202306 201.791 129.407 209.125
202309 204.782 130.224 210.894
202312 206.252 131.912 209.689
202403 213.737 132.205 216.816
202406 218.118 132.716 220.409
202409 225.062 132.304 228.134
202412 237.656 132.987 239.663
202503 241.449 132.825 243.786
202506 248.493 133.699 249.257
202509 256.022 133.480 257.230
202512 269.451 133.390 270.905
202603 285.964 133.560 287.142
202606 283.345 134.110 283.345

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 Boliden AB (CHIX:BOLS) Overvalued in 2026?

Based on GuruFocus' analysis, Boliden AB stock appears to be overvalued. The current stock price of kr472.40 is trading 19.8% above its estimated GF Value™ of kr394.25. GuruFocus considers Boliden AB to be Modestly Overvalued.

Key valuation signals for CHIX:BOLS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr394.25 vs. price of kr472.40 (19.8% above fair value)
  • GF Score™: 92/100 with 6 warning signs

No single metric tells the full story. See the CHIX:BOLS 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.
92GF Score

Get the complete analysis for CHIX:BOLS

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

kr472.40
Price
kr394.25
GF Value